The SEC has scored its first court victory related to the financial crisis. A federal jury found former Goldman Sachs trader Fabrice Tourre liable for defrauding investors in a subprime-mortgage securities deal just before the housing market collapsed.
Fabrice Tourre, who dubbed himself “Fabulous Fab” back when he was a Goldman Sachs trader, went on trial Monday for alleged fraud during the financial crisis.
Eliot Spitzer resigned as New York governor in 2008 over a prostitution scandal. Now he wants to be New York City comptroller, with ambitions to transform the unheralded post.
As Egypt grapples with political unrest, many economic analysts are worried about the price of oil. But Egypt's Suez Canal isn't as important as you'd think.
