Skilling was sentenced in 2006 for his role in the collapse of the energy trading giant and handed a 24-year prison sentence. Under the deal announced Thursday, he may see as much as a decade cut from that sentence.
The Wall Street Reform and Consumer Protection Act was a sweeping legislative package designed to prevent another financial collapse. Journalist Gary Rivlin says passing the bill was just a first step in a long road to real reform, and the financial system is as vulnerable to disaster it was in 2008.
With treasury yields near historic lows, and cash and money markets yielding almost nothing, investors are putting their money in stocks. Analysts say the Federal Reserve's efforts to keep interest rates extremely low are a key driver.
Turkey has become a popular destination for people looking for hair implants, and now that's expanding to facial hair. The Wall Street Journal reports that men hoping for a Tom Selleck mustache or an Abe Lincoln beard are heading to Turkey.
For the first time, the Consumer Financial Protection Bureau has referred a criminal case to the Department of Justice. The bureau accuses a debt relief company called Mission Settlement Agency of bilking consumers out of millions. The suit alleges the company lied about fees and its results.
Assistant U.S. Attorney General Ignacia Moreno's tenure spanned one of the worst disasters in U.S. history, the oil spill in the Gulf of Mexico after the Deepwater Horizon rig exploded in April 2010. She oversaw a record civil penalty in the case.
A report from the Federal Reserve says the number of U.S. dollars in circulation keeps rising. Most of it goes overseas, in the form of $100 bills. People in countries like Russia and Argentina use $100 bills as a safe haven because they don't trust their national currency or their own banks.
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