September 24, 2009 Glen Pizzolorusso and Jim Finkel each made a fortune in the mortgage industry. Then the bubble burst. The global economic crisis forced them to reconsider what they believed about life and the investment world they lived in. One is spending time in school, the other cleaning up the debris from toxic assets.
September 15, 2009 When AIG stunned the global economy by nearly collapsing last year, the insurance giant was being regulated by dozens of agencies in the U.S. Lawmakers eyeing an overhaul of the financial system say that's far too many, but politics makes reducing the number almost impossible.
April 1, 2009 Alex Blumberg and Adam Davidson need a trophy case.
March 13, 2009 Back in 1980, when Josh Bearman was in third grade, he started a snack food con game. With the promise of a huge cake, he lured his classmates into surrendering their Rice Krispies treats and other prized snacks. The scenario mirrors many current financial scandals.
February 27, 2009 If you want a solution in which those who are most guilty for the financial crisis pay the most to fix it, think again. While experts disagree on who will bear the brunt of the pain, many say the longer the U.S. waits, the worse it will be for everyone.
February 17, 2009 Adam and Alex win a fairly giant journalism award.
January 29, 2009 British economist John Maynard Keynes believed government spending could pull an economy out of recession. After deficits ballooned in the 1970s, his ideas were widely discredited. Now, with the Obama administration's $825 billion stimulus plan, Keynesian economics gets its first real-world test.
December 1, 2008 Alex mourns the loss of a talented writer and clear thinker who made his work possible.
October 31, 2008 The market for credit default swaps is unregulated, helping create a climate where a single massive default could trigger unforeseen and calamitous events. An "unholy chain" of credit default swaps contributed to the worst credit crisis since the Great Depression.
October 30, 2008 If bad mortgages made the financial system ill, credit default swaps helped spread the sickness. Now the head of the Securities and Exchange Commission is calling for the CDS market to be regulated to try to add transparency to the process.
October 23, 2008 A Los Angeles Times blogger takes a look at the economic and political weirdness that is California.