Introduction
Raj Rajaratnam, founder of the now-defunct Galleon Group, leaves court on May 11, 2011, after his conviction on fraud and conspiracy charges. Prosecutors said he used insider information from Wall Street contacts to make more than $70 million over six years at his once high-flying hedge fund. He was sentenced to 11 years in prison. (AFP/Getty Images/Emmanuel Dunand)
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The United States is slowly coming out of the worst financial crisis since the Great Depression, but many Americans want tougher law enforcement against the companies and executives they say created the mess. Four years after the crisis began, no prominent financial executives have been prosecuted. Civil charges were brought against major banks for misleading investors by packaging subprime mortgages with insufficient disclosure, but a federal judge recently rejected a proposed settlement as too lenient. Meanwhile, major mortgage lenders are negotiating a potential multibillion-dollar settlement over allegations of improper home foreclosures. Some states, however, are balking at banks' request for protection from subsequent lawsuits. Many experts say the government has failed to devote adequate resources to prosecuting wrongdoers. But some also acknowledge that certain activities that triggered the crisis were not necessarily illegal.
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Jan. 20, 2023 |
The Future of Cryptocurrency |
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Apr. 06, 2018 |
Financial Services Deregulation |
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Sep. 26, 2014 |
Digital Currency |
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Oct. 05, 2012 |
Euro Crisis |
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Jan. 20, 2012 |
Financial Misconduct |
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Jan. 13, 2012 |
‘Occupy’ Movement |
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Oct. 24, 2008 |
Financial Bailout  |
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Sep. 01, 2000 |
The Federal Reserve |
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Jun. 22, 1990 |
S&L Bailout: Assessing the Impact |
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Nov. 04, 1988 |
Behind the S&L Crisis |
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Apr. 26, 1985 |
New Era in Banking |
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Nov. 18, 1983 |
Bankruptcy's Thriving Business |
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Aug. 07, 1981 |
Banking Deregulation |
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Jul. 19, 1974 |
Banking Stability |
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Jul. 17, 1968 |
Banking Innovations |
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May 06, 1964 |
Monetary Policy in Prosperity |
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May 16, 1940 |
Revision of the Securities Acts |
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Feb. 27, 1937 |
Expansion of Branch Banking |
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Sep. 03, 1935 |
The Decline of Commercial Banking |
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Dec. 11, 1934 |
Proposals for a Government-Owned Central Bank |
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Sep. 12, 1934 |
Bank Reserves and Credit Inflation |
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Nov. 27, 1933 |
Bank Credit in Depression and Recovery |
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Aug. 12, 1933 |
Closed Banks and Banking Reform |
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Apr. 04, 1933 |
Unified Control of Banking |
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Apr. 09, 1932 |
The Glass Banking Bill |
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Mar. 24, 1932 |
The Guaranty of Bank Deposits |
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Apr. 17, 1930 |
The International Bank and the Gold Standard |
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Feb. 08, 1930 |
Branch Banking and Chain Banking |
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Apr. 29, 1929 |
Mergers of Banking Institutions |
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Oct. 28, 1927 |
The Federal Reserve Rate Controversy |
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May 21, 1927 |
Labor Banking and Finance Since 1920 |
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Jan. 31, 1924 |
The Northwestern Bank Failures and the Attack on Treasury Savings Certificates |
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Dec. 01, 1923 |
Why State Banks Do Not Join the Federal Reserve System, the Effect on the System and the Issues Involved |
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Nov. 23, 1923 |
Branch Bank Controversy |
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