Patrice Hill
Articles by Patrice Hill
Goldman executives dispute accusations about trading
Goldman Sachs executives on Tuesday resisted attempts by a Senate investigative subcommittee to use the storied Wall Street firm as "Exhibit A" in the Democrats' drive to enact a sweeping reform of Wall Street practices. Published April 27, 2010
Treasury has profited from big bank bailouts
At a time when both parties are competing to crack down the hardest on Wall Street banks, it might come as a surprise to know that the Treasury has been making a tidy profit on most of the government's Wall Street rescue operations. Published April 27, 2010
Greece’s spiraling debt shakes Europe
Greece's debt crisis again sent shock waves through global markets Thursday, pushing the nation closer to a rescue by the European Union and IMF. Published April 23, 2010
Dodd pushes to get bill on derivatives to floor
Senate Democrats on Wednesday resumed their drive to enact sweeping changes in the nation's financial system even as they met behind the scenes with Republicans to try to forge a bipartisan bill. Published April 22, 2010
GOP resists finance bill push
The Senate's 41 Republicans held firm Monday against White House attempts to peel off one vote and ram through a partisan financial reform bill in a Senate floor vote expected at the end of the week. Published April 20, 2010
Big banks: Too big for Congress to handle?
Many analysts question whether the reforms of either Republicans or Democrats would do the job while the surest way to prevent future bailouts — breaking up the "too big to fail" banks — is not an option in Congress. Published April 19, 2010
Raising taxes on rich unlikely to cut deficit
Taxing wealthier people is back in style with Democrats in the White House and Congress, but the government's fiscal house is in such disarray that even that path will prove to be no cure-all for the nation's $1 trillion budget deficits. Published April 15, 2010
Dow’s rise above 11,000 lifts hopes
The Dow Jones Industrial Average on Monday sauntered back over 11,000 for the first time since the 2008 financial crisis, culminating one of the stock market's most dramatic rallies ever with gains of 70 percent in the past year. Published April 13, 2010
Greek debt crisis flares anew
The renewed crisis makes it likelier that Greece will need a bailout from the EU within weeks, analysts said, posing the first major test of the trading bloc's resolve to maintain unity in the face of immense fiscal problems. Published April 9, 2010
Greenspan deflects blame for crisis
The former Federal Reserve chairman testified that the mortgage giants played a critical role in fostering an explosion of growth in the subprime-mortgage market that led to the global financial crisis. Published April 8, 2010
Greenspan deflects blame for crisis
Former Federal Reserve Chairman Alan Greenspan on Wednesday testified that mortgage giants Fannie Mae and Freddie Mac played a critical role in fostering an explosion of growth in the subprime mortgage market that led to the global financial crisis. Published April 7, 2010
Greenspan says Fannie, Freddie central in crisis
Former Federal Reserve Chairman Alan Greenspan on Wednesday testified that mortgage giants Fannie Mae and Freddie Mac played a critical role in fostering an explosion of growth in the subprime mortgage market that led to the global financial crisis. Published April 7, 2010
Trickle of new jobs creates hope
The economic recovery shifted into a higher gear in recent months as businesses started creating a trickle of new jobs, spurring optimism that the days of double-digit unemployment levels of 10 percent and more are over. Published April 5, 2010
Jobless rate stays at 9.7%; 162,000 jobs added
The economy last month started to create jobs again for the first time since the Great Recession took hold in 2007 in the clearest sign yet that the recovery is gathering strength, the Labor Department reported Friday morning. Published April 2, 2010
Health plan may hobble economy recovery
President Obama's health insurance mandate on businesses poses an obstacle to his overarching goal of creating jobs and could end up adding to spiraling medical costs rather than controlling them. Published April 1, 2010
Fed’s regulatory powers likely to be expanded
One thing now seems certain to come out of Congress' plodding financial reform effort: The Federal Reserve, after being castigated for much of the past year for overlooking major problems that led to the global financial crisis, will receive more power to try to prevent such crises in the future. Published March 23, 2010
Dodd introduces financial reform legislation
Sen. Christopher J. Dodd introduced a far-reaching bill Monday that incorporated some compromises with committee Republicans on dealing with "too big to fail" institutions and other areas. Published March 16, 2010
Obama urges China to cut currency link
Mr. Obama on Thursday reminded the Asian giant that it pledged last year at the Group of 20 economic summit to pare its lopsided trade surplus with the U.S. Published March 12, 2010
Greek leader seeks U.S. help
Top political leaders said on Tuesday that they were sympathetic to demands from Greece's prime minister for a crackdown on speculators who have been plaguing European financial markets. Published March 10, 2010
Greek crisis poses challenge to euro
The Greek debt crisis has become the biggest test not only of the European Union, but of its fledgling currency, the euro, which until recently had been enjoying newfound status as a reserve currency second only to the U.S. dollar. Published March 8, 2010
