Financial Crisis

C.M. Guerrero / El Nuevo Herald

A controversial solution employed by Miami’s mayor to solve a financial crisis that greeted him as he took office eight years ago may turn around to bite him on the way out the door.

Things have gotten so bad in the small Florida city of Opa-locka that the state has taken over its finances and city leaders are the subject of two corruption investigations.

A federal jury in New York City has found that Fabrice Tourre, the former Goldman Sachs trader who regulators say caused investors to lose $1 billion, is liable in the mortgage securities fraud case filed against him by the Securities and Exchange Commission.

Regulators say Tourre, 34, a native of France who was nicknamed "Fab" in his office, packaged toxic subprime mortgages into a collateralized debt obligation that was sold to investors under the name Abacus in 2007.

http://srnels.people.wm.edu/

07/30/13 - Tuesday's Topical Currents looks at the history of US financial crunches.  It’s easy to recall the recession of 2008 or the 1929 stock market crash, but there have been many more panics, and they’ve all revolved around consumer, state and federal defaults. We’ll speak with Scott Reynolds, author of A NATION OF DEADBEATS:  An Uncommon History of America’s Financial Disasters. The first U-S financial crisis was in 1792. Tha

helaineolen.com

04/10/13 - Wednesday Topical Currents goes behind the scenes of the individual finance industry, with journalist Helaine Olen.   She’s written POUND FOOLISH:  Exposing the Dark Side of the Personal Finance Industry.  Most well-known TV and radio experts sell dreams that are seldom reached.

Economic Disaster

Feb 19, 2013
http://www.princeton.edu

02/19/13 - Tuesday's Topical Currents is with Princeton University economics professor and Wall Street Journal columnist Alan Blinder.  How did the worst economic disaster in post-war American history occur?  The US financial system, he says, was far too complex and unregulated for the public good.  Blinder has written  AFTER THE MUSIC STOPPED:  The Financial Crisis, the Response and the Work Ahead.   Links http://www.princeton.edu/~blinder/