On his last day on the Supreme Court, Justice David Souter swore in Julius Genachowski as new chairman of the Federal Communications Commission.

After telling a federal judge that he had no excuse for his actions, Bernard Madoff was sentenced Monday to 150 years in prison.

Management shifts bring new instability to the U.S. Olympics Committee.

Dick Cheney has signed a book deal with Threshold Editions, the Simon & Schuster imprint edited by his close friend Mary Matalin.

The SEC filed suit Monday against a New York company and four individuals, accusing them of feeding billions to Bernard Madoff’s Ponzi scheme.

Where do financial regulators wind up when they leave their government jobs? A good number go to Davis Polk & Wardwell.

When the economy nosedives, the scams - a la Madoff and Stanford Financial - rise to the surface.

Texas financier R. Allen Stanford, under investigation in an alleged $8 billion fraud, is expected to be arraigned today on federal charges.

Household finances continue to dog Sen. Christopher Dodd of Connecticut.

Readers following the tribulations of The New York Times are likely to know the names of Mexican billionaire Carlos Slim Helu, a big shareholder in the company, and David Geffen, a big would-be shareholder.

One company’s downfall is another company’s opportunity, particularly if the other company is a law firm.

President Obama is following the long-established political tradition of rewarding major supporters with plum diplomatic posts.

Chapter 11 proceedings for General Motors won’t go nearly as smoothly as they have for smaller, privately held Chrysler.

New FDA Commissioner Margaret Hamburg, one of the wealthiest and most connected appointees of the Obama administration, is having to dispose of some major assets.

From a networking perspective (and that is, after all, the Muckety world view), these are fascinating times.

The Carlyle Group is under scrutiny for its role in the pay-for-play scheme involving the New York State pension fund.

Economist Paul Krugman, who describes John Maynard Keynes as his “economic idol,” may be the right man at the right time. But supporters of Barack Obama certainly hope not.

Members of the G-20 announced a $1.1 trillion economic stimulus plan, including $500 billion for the International Monetary Fund to provide funds to countries hardest hit by the financial crisis.

Buyout king Henry Kravis has been humbled, if only slightly.

Amidst the ongoing furor over its multi-million-dollar bonus plan, American International Group has released a list of financial institutions it paid with proceeds from the federal bailout.