Bank Reform

JPMorgan Losses Do Not Make the Case for Regulation

Mark A. Calabria | Posted 05.15.2012

Read More: Bank Regulation, JPMorgan Chase, Bank Reform, Financial Reform, Jpmorgan, Banking, Banks, Banking Crisis, Financial Crisis, Jamie Dimon, Financial Regulation, Business News
Mark A. Calabria

President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should -- and does -- work.

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The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

Micah Hauptman | Posted 05.10.2012

Read More: Congress, Dodd-Frank, Public Citizen, Financial Reform, Too Big to Fail, Federal Reserve, Shirley Sherrod, Banks, Financial Crisis, Big Banks, Bank Reform, SAFE Banking Act, Wall Street Reform, Bankers, Banking, Wall Street, Business News
Micah Hauptman

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

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Paul Ryan: Paul Ryan Is Totally Wrong About Bank Reform

The Huffington Post | Mark Gongloff | Posted 05.10.2012

Read More: Bank Regulation, Paul-Ryan, Video, Bank Reform, Dodd Frank Act, Paul Ryan Volcker Rule, Financial Reform, Too Big to Fail, Banking, Banks, Volcker Rule, Paul Volcker, Paul Ryan, Dodd Frank, Business News

Who is that handsome socialist from Wisconsin, and what has he done with Rep. Paul Ryan? A Bloomberg View piece on Wednesday in support of the Volc...

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Heroic Banker Defends Other Heroic Bankers

Mark Gongloff | Posted 05.04.2012

Read More: Global Financial Crisis, Jpmorgan Chase Ceo Jamie Dimon, Bank Reform, Financial Reform, Banking, JPMorgan Chase, Banks, Regulation, Too Big to Fail, Financial Regulation, Jamie Dimon, Business News
Mark Gongloff

Jamie Dimon would like you all to stop discriminating against banks now. The golden sun-god CEO of America's greatest bank, JPMorgan Chase, has becom...

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Too Big to Fail and the Volcker Rule

Ted Kaufman | Posted 05.05.2012

Read More: Wall Street Reform, Dodd-Frank Act, Securities Exchange Commission, Volcker Rule, Glass Steagall, Bank Reform, Banking Reform, Too Big to Fail, Politics News
Ted Kaufman

Universal agreement on a goal -- no possibility of a future bank bailout -- doesn't necessarily mean that goal will be achieved. Our major banks are still too big to fail.

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The Volcker Rule: Return to Sender

Robert Kuttner | Posted 04.27.2012

Read More: Bank Reform, Tim Geithner, Volcker Rule, Larry Summers, Financial Crisis, Paul Volcker, Barack Obama, Glass-Steagall, Business News
Robert Kuttner

Paul Volcker deserves better. In the hands of Tim Geithner's Treasury, the Rule named for Volcker supposedly limiting speculative mischief by government-guaranteed banks is fast becoming a cumbersome parody of itself.

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Ben Hallman

With Obama Appointment, Jeopardy Champ Takes On Payday Lenders

HuffingtonPost.com | Ben Hallman | Posted 01.04.2012

Read More: Richard Cordray, Dodd-Frank, Payday Lenders, Bank Reform, Richard Cordray Recess Appointment, President Barack Obama, Financial Reform, Recess Appointment, Banks, Financial Crisis, Consumer Finance Protection Agency, Barack Obama, Financial Regulation, Business News

The new government agency tasked with looking after the best financial interests of ordinary consumers finally has a leader. President Barack Obam...

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OWS: Where the Rubber Meets the Road

Jon Stein | Posted 12.28.2011

Read More: Money, Bank Reform, Occupy Wall Street, Better, Business Model, Slashdeclare, Products, Ows, Change, Movement, Startup, Financial Services, Bank, Finserve, Banks, Startups, Declare, Wall Street, Exchange, Business News
Jon Stein

As consumers of financial services products, start to demand that your bank, investment advisor and brokerage join this movement. If they aren't willing to publicly declare what you deserve, you deserve a better company.

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Let Wall Street Beware a Risen People

Tom Hayden | Posted 12.02.2011

Read More: October 6, Bank Reform, Wall Street, Government Reform, Occupy Wall Street, Politics News
Tom Hayden

No one can know where the wind will blow. The protests which are spreading are so far thin in numbers, organization and outreach. But sometimes the wind blows sparks.

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A Manifesto For Better Banking

Carne Ross | Posted 11.27.2011

Read More: Bank Regulation, Wall Street Protests, Wall Street, Bank Reform, Financial Reform, Occupy Wall Street, Banking, Banks, Wall Street Banks, Business News
Carne Ross

The banking system is both a cause and an intrinsic part of our current economic and political crisis. Here are some suggestions for a manifesto for the Occupy Wall Street protests currently taking place.

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Colorado Banks Shut Down By Regulators

AP | Posted 09.08.2011

Read More: Signature Bank, Fdic, Colorado Capital Bank, Bank Reform, Federal Deposit Insurance Corp, Denver News, Banking Industry, Colorado Banks, Banks Shut Down, Denver News

WASHINGTON (AP) -- Regulators shut down a bank in Illinois and two in Colorado on Friday, boosting to 51 the number of U.S. bank failures this year. ...

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The New War of Independence -- Against Corporate Politics

Richard (RJ) Eskow | Posted 09.02.2011

Read More: Social Security, 4th of July, Kicks, American Revolution, Bill Clinton, Tea Party, Austerity Economics, Bank Reform, Paul Revere, Corporate Politics, Keith Olbermann, Barack Obama, Corporate Corruption, Election Reform, Goldman Sachs, American Politics, Ortega Y Gasset, John Lennon, Wall Street, Independence Day, Paul Revere and the Raiders, Political Corruption, Medicare, John Stossel, Jon Weiner, Chris Hedges, Politics News
Richard (RJ) Eskow

This July 4, politics is too important to be left to the politicians. The stakes are too high and the system is too broken. Citizen action is everyone's job now.

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Banks Still Need To Become Less Risky, Industry Survey Says

Posted 06.12.2011

Read More: CEO Pay, Topmanagement, Bank Reform, Ernst & Young, Lehman Brothers, Banks Risk, Iif, Executive Pay, Bank Pay Structures, Business News

Banks need to do more to shift away from a culture of risk and the excessive pay structures that prevailed before the financial crisis, an industry ...

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The Volcker Rule After The Midterm Elections

New York Times | Posted 05.25.2011

Read More: Bank Regulation, Big Banks, Bank Reform, Wall Street, Midterm Elections, Wall Street Reform, Dodd-Frank, Volcker Rule, Megabanks, Business News

The Obama administration saved the deeply troubled megabanks in the United States in early 2009 with a bundle of rescue measures that, compared with s...

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Keep a Watchful Eye on Banks From Your Mobile Phone

Dennis Santiago | Posted 05.25.2011

Read More: Iphone, Dennis Santiago, Blackberry, Bank Reform, Android, Third World America, Mobile Phones, Move Your Money, Systemic Risk, Institutional Risk Analytics, Technology News
Dennis Santiago

There is need for independent ways to find banks and -- more important -- ask consumer choice questions about how they rate compared to their neighbors. Now you can do it on a handheld.

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What Kind of Capitalism?

Peter Dreier | Posted 05.25.2011

Read More: Credit Card Reform, Unemployment, Wall Street, Good Jobs, Rush Limbaugh, Bank Reform, President Barack Obama, Employee Free Choice Act, Shared Prosperity, Glenn Beck, Socialism, Capitalism, Health Care, Unions, American Prospect, Politics News
Peter Dreier

We are surely at a crossroads. Like the choices facing America during the Great Depression, we need to rescue capitalism again. But what kind of capitalism will best serve the most people?

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Lawmakers Confront 'Lobbying Tempest' As Reform Bill Takes Shape

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: The Financial Fix, Lobbying, Bank Reform, Derivatives, Financial Reform, Regulation, Financial Reform Senate, Volcker Rule, Debit Card Fees, Business News

WASHINGTON — Congress' final tinkering with Wall Street overhaul this month offers lobbyists a last-ditch shot to reshape the package on behalf of c...

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New Bank Rules Mean Higher Fees For Customers: Bank Chiefs

Bloomberg | Dakin Campbell | Posted 05.25.2011

Read More: Ed Gilligan, Bank Reform, Wells Fargo, Derivatives, Bank of America, Jamie Dimon, John Stumpf, Barack Obama, Bank Regulation, Berkshire Hathaway, JP Morgan, Visa, Banks, Warren Buffett, Bank Customers, Business News

Wells Fargo & Co. Chief Executive Officer John Stumpf said customers, not just the bank, will bear the financial burden for U.S. regulations that cove...

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Can The U.S. And Europe Agree On Financial Reform Details?

AP | GEIR MOULSON | Posted 05.25.2011

Read More: Dodd Bill, The Financial Fix, Bank Reform, Derivatives, Tim Geithner, Financial Reform, Wall Street Reform, Banks, Wolfgan Schaeuble, Financial Regulation, Treasury Secretary, Senate Bill, Business News

BERLIN — The United States and Europe broadly agree on the need for reform of the financial system, but global cooperation is needed, U.S. Treas...

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Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over

rortybomb.wordpress.com | Mike Konczal | Posted 05.25.2011

Read More: Dodd Bill, Bank Reform, Derivatives, Financial Reform, Maria Cantwell, Over-the-Counter Derivatives, Derivatives Reform, Derivatives Regulation, Financial Regulation, Mike Konczal, Business News

We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...

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SIMON JOHNSON The Kanjorski Surprise - Now It Gets Interesting

Simon Johnson | Posted 05.25.2011

Read More: Big Banks, Bank Reform, Grave Risk, Financial Reform, Wall Street Reform, Kanjorski, Megabanks, Kanjorski Amendment, Business News
Simon Johnson

The bank lobbyists, it turns out, missed one. They and their congressional allies were able to gut the Volcker Rule, the Lincoln Amendment, and almost everything else that could have had an effect on the industry.

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Shelby: Fannie Mae, Freddie Mac Should Be Included In Financial Reform

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: Shelby, Richard Shelby, Freddie Mac, Fannie Mae, Financial Reform, Wall Street Reform, Financial Crisis, Wall Street Crisis, Economic Crisis, Bank Reform, Mortgages, Mortgage Lenders, Business News

WASHINGTON — A Democratic plan to rein in the financial industry is flawed because it fails to tighten control over two large government-sponsor...

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Fake Debate: The Senate Will Not Vote On Big Banks

The Baseline Scenario | Simon Johnson | Posted 05.25.2011

Read More: Bank Reform, Financial Reform, Bank Debate, Too Big to Fail, Wall Street Reform, Financial Reform Debate, Simon Johnson, Megabanks, Business News

A real debate, in the modern American system, needs a vote on something specific - in this case, an amendment to the main legislation. And Senator Ka...

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Scott Brown STILL Won't Say If He'll Vote For Financial Reform Bill

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: The Financial Fix, State Street Corp., Bank Tax, Bank Reform, Financial Reform, Wall Street Reform, Harry Reid, Scott Brow, Dodd-Frank Bill, Business News

WASHINGTON — Nearly two years after a Wall Street meltdown left the economy reeling, the House on Wednesday passed a massive overhaul of financi...

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Wall Street Reform Bill Could Be a Big Win for the Farm Belt

Mary Bottari | Posted 05.25.2011

Read More: Goldman Sachs, Farming, JP Morgan, Wall Street, Bank Reform, Financial Crisis, Gary Gensler, Big Banks, Cftc, Business News
Mary Bottari

In a big win for American farmers, consumers and even import-reliant African nations, the Wall Street reform bill winding its way though Congress has unique provisions that apply to food and energy speculation.

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