News tagged with 'Financial Collapse'

The creation of a Consumer Financial Protection Agency came one step closer to reality today with a House committee vote. The agency would regulate credit cards and home loans and tighten up the deregulation atmosphere that precluded the collapse of financial markets.

Americans injured by the financial collapse of this country have to look at the housing industry and specifically Alan Greenspan, former chairman of the Federal Reserve. He predicts more layoffs and says he was "shocked" that free markets did not act in the shareholders best interest. 

Was it business as usual, complicated by some bad financial decisions, or was there outright fraud involved in the collapse of the U.S. financial markets?  The FBI should have launched a full-scale investigation by now, but the bureau's domestic division has gone unfunded since 9/11.