Articles by Marcy Gordon

Critics Hit SEC Revamp of Wall Street Whistleblower Program

A federal agency is moving with little fanfare to revamp one of the most successful whistleblower programs in the government, alarming advocates who warn the changes will set back efforts to police Wall Street and punish corporate fraud. Much like …

Senators Eye Making Tech Giants Reveal How Much Customers’ Data Is Worth

As Congress bears down on big tech companies, two senators want to force giants like Google, Facebook and Amazon to tell users what data they’re collecting from them and how much it’s worth. The legislation floated this week by Sens. …

A U.S. Privacy Law Could Be Good for Google, but Bad for You

U.S. Congress is taking the first steps toward setting national rules governing how companies use consumers data – although one of its goals might be to prevent states from enacting stronger privacy protections of their own. The approach being pondered …

Health Insurer CEOs Defend Big Mergers Before Senate

Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress this week that bigger can mean better in their industry, but concerns are being raised in Washington about how these deals will affect consumers and …

FDIC Outlines Strategy For When Big Financial Firms Fail

The next time a big bank or financial firm fails, regulators hope to avoid a major blow to the economy by seizing the firm’s parent company while allowing its healthy subsidiaries to continue operations, the head of the Federal Deposit …

Congressional Panel Criticizes Government Over AIG Bailout

A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out the crippled insurance …

Congressional Panel Criticizes Government Over AIG Bailout

A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out the crippled insurance …

Watchdog Criticizes Bailout Loans to Insurers The Hartford, Lincoln National

The participation of two big insurers in the $700 billion financial rescue contradicted the goals of the government program, according to a bailout watchdog. The inclusion of Hartford Financial Services Group Inc. and Lincoln National Corp. “was incongruous with the …

State Securities Regulators Blast SEC for ‘Madoff Culture’

The Securities and Exchange Commission culture that allowed the Madoff fraud scandal to go undetected for nearly two decades may not change and the agency isn’t doing enough to support investor protection proposals in Congress, according to a top state …

Bear Stearns Acquittal May Force Government to Rethink Fraud Cases

The swift acquittal of two Bear Stearns executives in the government’s criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go …