Financial crisis

Chat live with Kai Ryssdal and other journalists about where we are now after the crash.

The Center for Public Integrity took at look at a handful of senior people at the now defunct investment bank Bear Stearns and found they are now very gainfully employed elsewhere in the financial services industry.

The layoffs at law firm Weil, Gotshal & Manges show that some companies face a crisis now that the business of cleaning up the financial crisis is over.

In a lawsuit filed late Monday, the U.S. Department of Justice claims the credit rating firm Standard & Poor’s knew some $4 billion worth of mortgage-backed securities were risky.

Reports say the U.S. Department of Justice is preparing to bring civil charges against the credit ratings agency Standard & Poor's for their part in the financial crisis of 2008. Better late than never?

The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.

Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.

It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.