Five years ago this weekend, March 9, the U.S. stock market hit its crisis bottom. Since then the S 500 has more than doubled, but the economy still remains a sputtering engine. Lindsey Piegza, chief economist at Sterne Agee, discusses on MoneyBeat.
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After nearly three years of haggling between regulators and bankers, the so-called Volcker rule is on the cusp of becoming law. But even after years of debate, big questions remain about this rule. Neil Barofsky, the former special inspector general of the TARP program, joins MoneyBeat.
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The president tells ABC “This Week” both the U.S. and Russia have a lot to gain from their joint plan to remove chemical weapons in Syria.
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A former Goldman Sachs trader was found liable of misleading investors about subprime mortgages, while a hedge fund bet against those mortgages. Fabrice Tourre faces fines and could be banned from working in finance. (Aug. 2)
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