News stories by Raymond Baker

My first encounter with the "shadow" financial system was half a century ago in Nigeria. Fresh out of Harvard Business School, I was starry-eyed with hope that the free-market economy would help this newly independent country thrive. Instead, in only a matter of months, I became witness to a system of financial manipulations so incredible that I still have trouble believing it is real, writes Raymond Baker, director of the Task Force on Financial Integrity and Economic Development.