The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, and now, two years later, we take a look at what became of them.
This week marks the second anniversary of an event that shook the financial industry to its core. In her newly released book, The Weekend that Changed Wall Street, CNBC anchor Maria Bartiromo gives an insider's look at the fateful days surrounding the fall of Lehman Brothers.
John Paulson and Hank Paulson, two of the biggest players in the recent financial crisis, share more than a last name. Besides their name -- and the fact that both received MBAs from Harvard -- the two share something else: Both have now attracted the attention of the SEC.
In a chat with Warren Buffett, former Treasury Secretary Henry Paulson called on Congress to allow a special authority to wind down troubled financial institution without taxpayer-funded bailouts. He also predicted bailout money given to banks would be recovered -- with a profit.
Henry Paulson's just-published memoir "On the Brink" recalls the financial crisis as it unfolded in the fall of 2008. Far from a gossipy tell-all, it devotes the bulk of its pages to the cautionary tale of how the world's financial system nearly collapsed -- and what he tried to do about it.
