The U.S. Securities and Exchange Commission’s courtroom victory over ex-Goldman Sachs Group Inc. employee Fabrice Tourre is helping the agency turn the page on years of criticism that it isn’t holding Wall Street to account.
In Tuesday's New York Times, Joe Nocera has a column on the troubled city of Woonsocket, Rhode Island. Nocera contends that the city of 41,000 is being forced toward bankruptcy by anti-tax lawmakers under the influence of ALEC, the controversial association of corporate donors and conservative state lawmakers.
“Forgive me,” began Charles Ferguson , the director of “Inside Job,” while accepting his 2011 Oscar for best documentary. “I must start by pointing out that three years after a horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong.”
The grown-ups (i.e., voters) will tell you, of course, that they don’t care who started it: They want it to stop. But there can be no truce in the nastiness of recent years between Democrats and Republicans until Joe Nocera apologizes for his New York Times column last week blaming it all on the Democrats.
TONIGHT on Charlie Rose @ 8p & 10p ET, journalists Bethany McLean and Joe Nocera discuss their book, ``All the Devils Are Here: The Hidden History of the Financial Crisis.’’ Wikipedia co-founder Jimmy Wales talks about his company’s 10th anniversary coming up in January, expansion into India, and the future of open-source knowledge and social media.