Final Data Show That Hedge Funds Enjoyed Their Best Year in a Decade

After experiencing its worst year on record in 2008, the hedge fund industry delivered its best performance in a decade in 2009, but has not yet…

Attorney General Details Focus of New Task Force on Financial Fraud

U.S. Attorney General Eric Holder Jan. 8 announced that the newly created interagency task force on financial crimes will focus on four key areas: mortgage fraud, securities…

Frank Backs Idea of Bank Penalty; Republicans Rail Against Obama Plan

House Financial Services Chairman Barney Frank (D-Mass.) supports President Obama’s plan to create a fine aimed at banks to discourage excessive risk taking even though…