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Lawyers say no criminal charges for AIG

The Justice Department has decided not to file criminal charges against the former head of a division at American International Group Inc. whose dealings in mortgage-related securities nearly bankrupted the company and led to a controversial government bailout, according to lawyers involved in the cases. The decision appears to bring…

Volcker slams ‘outlandish’ bank bonuses, tells Wall Street to ‘wake up’

Financial reform in doubt as pro-Wall Street forces step up battle The man often credited with successfully ending America’s long struggle with inflation in the 1980s issued a stern warning to the world’s bankers that they aren’t doing enough — or doing the right things — to prevent further economic…

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