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Bank Reform

Too Big to Fail and the Volcker Rule

Ted Kaufman | Posted 05.05.2012 | Politics
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.

The Volcker Rule: Return to Sender

Robert Kuttner | Posted 04.27.2012 | Business
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.

Ben Hallman

With Obama Appointment, Jeopardy Champ Takes On Payday Lenders

HuffingtonPost.com | Ben Hallman | Posted 01.04.2012 | Business

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

OWS: Where the Rubber Meets the Road

Jon Stein | Posted 12.28.2011 | Business
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.

Let Wall Street Beware a Risen People

Tom Hayden | Posted 12.02.2011 | Politics
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.

A Manifesto For Better Banking

Carne Ross | Posted 11.27.2011 | Business
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.

The New War of Independence -- Against Corporate Politics

Richard (RJ) Eskow | Posted 09.02.2011 | Politics
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.

Banks Still Need To Become Less Risky, Industry Survey Says

Posted 06.12.2011 | Business

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 re...

The Volcker Rule After The Midterm Elections

New York Times | Posted 05.25.2011 | Business

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...

Keep a Watchful Eye on Banks From Your Mobile Phone

Dennis Santiago | Posted 05.25.2011 | Technology
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.

What Kind of Capitalism?

Peter Dreier | Posted 05.25.2011 | Politics
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?

New Bank Rules Mean Higher Fees For Customers: Bank Chiefs

Bloomberg | Dakin Campbell | Posted 05.25.2011 | Business

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...

Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over

rortybomb.wordpress.com | Mike Konczal | Posted 05.25.2011 | Business

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

SIMON JOHNSON The Kanjorski Surprise - Now It Gets Interesting

Simon Johnson | Posted 05.25.2011 | Business
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.

Fake Debate: The Senate Will Not Vote On Big Banks

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

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...

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

Mary Bottari | Posted 05.25.2011 | Business
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.

Wall Street to Protestors: Get a Job! (PHOTOS: Bankers React to Thursday's March)

Michael Gould-Wartofsky | Posted 05.25.2011 | New York
Michael Gould-Wartofsky

Yesterday Wall Street, for perhaps the first time, answered directly to the people, as more than ten thousand union members and community members took the streets in the heart of New York's Financial District.

Scott Brown's Opposition To Bank Fee Throws Wrench In Wall Street Reform

AP/Huffington Post | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Top Democratic House and Senate negotiators who worked out a deal on a sweeping overhaul of financial regulations regrouped Tuesday...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

George Voinovich May SUPPORT Wall Street Reform Vote

Huffington Post | Nico Pitney | Posted 05.25.2011 | Politics

Sen. George Voinovich may switch his vote and help Democrats advance their Wall Street reform bill tomorrow, the Ohio Republican told CNN on Tuesday. ...

After Bastille Day: Is There a Future for Big Banking?

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

As bank reform continues to grind through Congress something sorely lacking so far is concentration on safely managing down "points of risk" from Too Big Too Fail business models.

How The Financial Reform Bill Affects Your Everyday Life (PHOTOS)

Posted 05.25.2011 | Business

NEW YORK (By Rachel Beck, AP) - The financial overhaul is about more than exotic derivatives and complex risk assessments. It will change how you inte...

Ripped Off by Your Bank? Tell Us About It!

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Have you ever been scammed or ripped off by your bank? If so, please tell us about it. Leave a comment about the creative tricks your bank has resorted to to nickel and dime you.

Ryan Grim

Final Derivatives Showdown Thursday: Read The House Offer

HuffingtonPost.com | Ryan Grim | Posted 06.23.2010 | Business

The long-awaited showdown between banks and Sen. Blanche Lincoln over her derivatives reform section of the Wall Street bill begins Thursday. The conf...

Off Balance Sheet Derivatives: Show Me the Money!

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

It's always good to have something to ruminate on over the weekend. With bank reform being the "trill thrill" of the week, what's this derivative thing? And more important, who's got how much in play at the casinos?