A 650-page report from a bipartisan US Senate Committee was scathing of Wall Street investment banks, stating Wall Street is a “financial snake pit rife with greed, conflicts of interest, and wrongdoing”. Goldman Sachs copped the brunt of the criticism.
US Senate
Maverick makes a comeback
After looking like it was nearly retirement time, US Senator John McCain heads to the primaries with good odds and a rebound in popularity. But will his recent lurch to the right — particularly in regard to immigration — affect his future?
Bernanke faces filibuster ahead of Fed confirmation vote
Will Ben Bernanke score a second term as chairman of the US Fed? The tenuous ties that bind Washington to Wall Street are being stretched to the breaking point, writes David Hirst.
John Kerry searches for his political legacy
John Kerry may have discovered the issue that will get him written into the history books: emissions trading. He’s working on a compromise bill for the Senate, but how many favours will he need to dole out to get it passed?
Replacing Ted: the rocky road ahead
Filling Ted Kennedy’s US Senate seat looks set to be a complicated business. It could require legislative change and upset Obama’s health reform plans in the process. Tim Reid explains.
