Technically, the financial crisis began in late 2008, with the collapse of Bear Stearns and Lehman Brothers. But 2009 was the year we really felt it. It was in 2009 that we lost more than 5 million jobs — the majority of the total job losses caused by the recession. By 2010, we seemed to turn the corner. The economy added more than a million jobs. Growth returned. The financial markets stabilized. Many forecasters looked to 2011 with real optimism. Read full article > >

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2011 in economic policy: The year of the aftershocks

New rules to stop the resurgence of risky mortgage lending are likely to be imposed in 2013 by the financial regulator.

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Stricter mortgage rules outlined

The so-called Robin Hood tax — a tiny levy on trades in the financial markets that would take money from the banks and give it to the world’s poor — has attracted an array of influential champions.

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Tiny Tax on Financial Trades Gains Advocates

A new study found that just 7 percent of those who lost their jobs after the financial crisis have regained or exceeded their previous financial position.

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Few Workers Have Fully Recovered, Study Says

Eye-popping severance packages thrive in spite of the measures put in place in the wake of the financial crisis to crack down on excessive pay.

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Outsize Severance Continues for Executives, Even After Failed Tenures

The Dodd-Frank Act, the sprawling law to address the causes of the financial crisis, is a job killer that should be repealed, Republican presidential candidates say.

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Dodd-Frank Act Is a Target on G.O.P. Campaign Trail

It’s been less than two weeks since President Obama spoke to Congress and the nation about the urgency of taking additional steps to stimulate job creation by increasing public and private spending in the short term. Since then, two things have happened. The economic outlook has only gotten worse, largely because of the financial turmoil in Europe and further declines in consumer confidence. Read full article > >

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Steven Pearlstein: How about Refi.gov?

Apartment builders are pouring money into the Washington area real estate market , buying land and existing buildings in an effort to take advantage of a relatively stable job market and a region that they say has become more attractive to young professionals. Delta Associates, a research and consulting firm based in Alexandria, called the Washington area “the best performing apartment market in the nation” at the end of June, due to the available jobs, a vacancy rate of only 3.1 percent and a long pause in building that began with the financial crisis. Read full article > >

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Apartment developers turn their attention to Washington

While the courts deal with those responsible for the riots shopkeepers and businesses are counting the financial cost of the disturbances.

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VIDEO: Riots: The cost to business

Stocks are plummeting. The economy is slowing. Politicians seek solutions but can’t agree. Is 2011’s turmoil a repeat of the financial crisis of 2008?

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Financial Turmoil Evokes Comparison to 2008 Crisis

Banks lost a key battle on Capitol Hill on Wednesday to preserve billions of dollars in debit card fees, despite a lobbying blitzkrieg that tested the industry’s ability to move beyond the stigma of the financial crisis. A proposal by Sen. Jon Tester (D-Mont.) to delay and rewrite a law that curtails the fees merchants must pay to banks each time a debit card is swiped failed to win enough votes to move forward Wednesday. The bill was banks’ last hope for relief before the law takes effect next month, and they unleashed hundreds of thousands of dollars in political donations and dozens of lobbyists to drum up support. Read full article > >

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Banks’ bid to delay debit card swipe-fee rules fails as Senate vote falls short

Goldman Sachs executives say they expect U.S. prosecutors to serve them with

An investigation which cleared Royal Bank of Scotland of any wrongdoing in the run-up to the financial crisis is to be reviewed.

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RBS failure report to be reviewed

The U.S. government has pulled out all the stops to try to get the economy back on track following the Great Recession: It is running a huge budget deficit, the financial sector has been bailed out, and the Federal Reserve is keeping interest rates ultra-low.

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Recovery efforts could speed dollar’s decline

Several years after the financial crisis, no senior executives of major financial institutions have been charged, and a collective government effort has not emerged.

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In Financial Crisis, No Prosecutions of Top Figures