Nov 18th, 2008 · Though he's regularly fined for shouting down NBA referees, billionaire Mark Cuban is credited for turning the Dallas Mavericks around. Now, the Internet entrepreneur is being investigated for insider trading by the Securities and Exchange Commission.
Nov 18th, 2008 · Federal regulators charged Dallas Mavericks owner Mark Cuban with insider trading Monday for allegedly using confidential information on a stock sale. The Securities and Exchange Commission says by selling when he did, Cuban avoided losses of more than $750,000. Cuban says he'll fight the charges.
Nov 14th, 2008 · Barry Silbert sees the potential for profit in toxic assets. He wants to use his company, SecondMarket, as a place where would-be buyers and sellers can get together to settle on a price for collateralized debt obligations and all those other hard-to-value asset-backed securities.
Nov 13th, 2008 · Henry Paulson tells NPR the government is focused on getting "lending going again." He says the new strategy of infusing money directly into banks is a "more powerful and quicker way to deal with the problem" than buying "toxic" mortgage-backed securities.
Nov 12th, 2008 · Treasury Secretary Henry Paulson delivered a progress report Wednesday in Washington, defending the Bush administration's use of the $700 billion financial rescue package. The program was meant to buy up mortgage-backed securities full of toxic subprime mortgages, but so far $250 billion has been injected into banks.
Nov 7th, 2008 · The government's Troubled Asset Relief Program — known as TARP — was designed to thaw the frozen credit markets by, among other things, buying up financial firms' "toxic assets." The Treasury Department says it has given $155 billion to eight banks so far, which has helped them increase short-term lending. But the department hasn't yet started to buy up problematic mortgage-backed securities.
Oct 31st, 2008 · Since the financial crisis, the Securities and Exchange Commission and members of Congress have been examining the financial regulatory environment. Some people in the financial industry seem to be excited about the idea of new regulations. They think new regulations could lead to more business and more jobs.
Oct 30th, 2008 · If bad mortgages made the financial system ill, credit default swaps helped spread the sickness. Now the head of the Securities and Exchange Commission is calling for the CDS market to be regulated to try to add transparency to the process.