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Goldman's Worst Nightmare

The Financial Crisis Inquiry Commission (FCIC) is still miffed that Goldman Sachs allegedly dumped millions of documents at its door, in response to what the Commission claims were specific requests for information.

The 'Goldman Sachs Amendment'

The New York Times reports that Nobel Stiglitz, a Nobel Prize-winning US economist, is calling for a bill to bar banks from flitting between bank charter status (which they may elect to have during a time of financial crisis as it puts firms under the wing of the Federal Reserve) and being a less-regulated investment bank (which might be attractive during boom times).