| Sep 26, 2013
| 3:31 PM
There are three straightforward and rather obvious lessons from the collapse of Lehman Brothers Holdings five years ago: The financial crisis was devastating. We haven't ended the problems associated with "too big to fail" financial institutions. We...
| Sep 25, 2013
| 10:22 AM
One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
| Sep 22, 2013
The excited voices on CNBC radio riveted financial adviser John Bacci's attention as he drove to Chestertown five years ago for a routine client visit.
The stock market was in freefall that Sept. 29 after Congress rejected a $700 billion rescue of the...
| Sep 17, 2013
| 6:26 PM
How do you feel about your buying power over these past few years since the recession supposedly ended? Barely treading water?
You're not alone. Median household income for the nation was flat when adjusted for inflation, at $51,017 last year compared...
| Sep 17, 2013
| 7:08 PM
It's hard to remember now, but it was only a few years ago that Jamie Dimon's name was floated as a possible candidate for Treasury secretary. Those frustrated by the sluggish economic recovery believed the JPMorgan Chase & Co. chief executive, whose star...
| Sep 17, 2013
| 6:05 PM
Five years after the economy suffered a massive heart attack as Lehman Brothers collapsed, the patient has finished rehab and is walking, but is still a long way from running.
The stock market has recovered and been reaching new highs, large U.S....
| Sep 16, 2013
| 12:02 PM
JIM KUHNHENN, Associated Press
WASHINGTON (AP) — In a blistering warning to congressional Republicans, President Barack Obama said Monday it would be the "height of irresponsibility" for lawmakers to cause a new economic crisis just five years...
| Sep 15, 2013
When an airplane crashes, the industry and its regulators come together, accepting the responsibility to address the bad practices and structural defects the incident exposes to improve safety going forward.
When Wall Street crashes, there are plenty of...
| Aug 28, 2013
| 12:47 PM
Nearly 40% of the nation’s best-paid CEOs over the past two decades were either fired, forced to take government bailouts or in charge of companies that paid huge amounts in fraud-related claims.
That’s the conclusion of a report Wednesday...
| Aug 14, 2013
Wall Street has named it the "Great Rotation."
The term presumes that individuals are going to become disillusioned with bond funds after cowering in them and shunning stocks since the 2008 financial crisis. And when that change of heart occurs, the...
| Jul 31, 2013
| 2:08 PM
If the money can be had, this is a great environmental victory: The Trust for Public Land announced Wednesday that it has reached an agreement to buy and protect a stunning 1,000-acre tract along the shore called The Preserve — the last...