iOS app Android app

Bank Reform

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 | 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...

Showdown on Wall Street and K Street

Peter Dreier | Posted 05.25.2011 | Politics
Peter Dreier

Organizers believe that the recent victory on health care reform will help propel a similar movement to take on banking giants.

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?

Swap Till You Drop: Will Frank Protect Munis from Wall Street's Ticking Time Bombs?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

As the fight for financial reform on Capitol Hill enters its final stages, it is worth reviewing what is being done to protect states and localities from the Wall Street con.

The Best Solution to Vampire Squid? Calamari

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

The financial services reform bill will be debated in the Senate next week. The great test for the bill will be what it does to rein in Goldman Sachs,...

Financial Reform: What Should The President Say On Thursday?

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

On Thursday, President Obama will give one of the defining speeches of his presidency. Most presidents are remembered for only 2 or 3 policies or eve...

Wall Street's Faith In Schumer Slips

Roll Call | Posted 05.25.2011 | Business

Sen. Charles Schumer has worked quietly but vigorously to shape financial regulatory reform legislation, a delicate exercise that has the New York Cit...

Financial Debate Renews Scrutiny On Size Of Banks

New York Times | Posted 05.25.2011 | Business

As the debate over the regulatory overhaul heated up this week, a populist minority in both Congress and the Fed requested a revisit to the size issue...

The Obama Administration is Discouraging Entrepreneurship by Preaching That Taking Risk is Evil

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

President Barack Obama and his risk-aversive legislators are sending the wrong message to America's entrepreneurs. They equate risk taking with wanton greed and evildoing.

Blanche Lincoln's "Cross of Gold" Moment

Mary Bottari | Posted 05.25.2011 | Politics
Mary Bottari

To the surprise of many, Blanche Lincoln won her Arkansas Senate runoff. She did so as a modern-day William Jennings Bryan, standing up for farmers and pushing a strong Wall Street reform proposal to protect taxpayers.

A Tax Day Protest We Can All Get Behind

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Big bankers know how to dodge taxes on their earnings and bonuses leaving middle class Americans holding the bag. The solution? It's time to take it back.

Bank Reform Bait and Switch

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

When the Senate bank reform legislation passed in May, Senate Majority Leader Harry Reid said it sent the message to Wall Street "no longer can you re...

Just Say: "Wall Street Reform"

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

If necessary, Democratic officeholders and candidates should practice in front of a mirror. Say "Wall Street reform" one hundred times, and when you're speaking in public, it'll leap to your lips.

Eugene Fama: 'Too Big To Fail' Perverts Activities And Incentives

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

In our continuing financial debate, one of the central myths - put about by big banks and also not seriously disputed by the administration - is that ...

Banks Want Public Relations Makeover | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

The efforts of the big banks to make over their images is a big shift from a year ago. After Washington's huge bailout of their industry, many financi...

Corporate Executive Pay Still Doesn't Follow Feinberg's Push To Limit Huge Cash Payouts | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

The Treasury Department said it is not looking to limit the total pay executives receive. Kenneth R. Feinberg, President Obama's special master for co...

Prosecuting Financial Crimes: Will Anyone Bunk with Bernie?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Madoff is lonely. I am sure the federal penitentiary can squeeze in more bunk beds to accommodate his friends from Wall Street. But it's not going to happen until the FBI and the DOJ are given the resources they need.

Simon Johnson: The Consensus On Big Banks Shifts Around The World, But Not At Treasury

Baseline Scenario | Posted 05.25.2011 | Business

Attitudes towards big banks are changing around the world and across the political spectrum. ... Yet top Obama administration officials refuse to chan...

Simon Johnson: Bailed Out Banks Are Even Bigger, More Powerful Than They Were Before The Crisis (VIDEO)

Huff TV | Posted 05.25.2011 | Business
Huff TV

The nation's largest banks still pose a dire threat to the economy, according to MIT professor Simon Johnson, who appeared on MSNBC's "Morning Joe" on...

Is The SEC Still Working For Wall Street?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The Securities and Exchange Commission is trying to escape a difficult legacy of being effectively captured by the very Wall Street firms it was supposed to regulate.

Who's Afraid of the Bark? We Need Some Bite!

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

We had rules of the road during the bubble years, but there was no reliable enforcer. Regulators sat on their hands while consumers were put through the wringer.

The Latest Case of Big Banks Betting Against the Customers

Rob Rubin | Posted 05.25.2011 | Business
Rob Rubin

Casinos bet against their customers. Should banks? It seems like some do by encouraging us to use our debit cards so they can then hammer us with fees when we overdraw our accounts.

Dodd Move Blocks Progressive Reforms

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Sen. Dodd's decision to vote his own version of the financial reform package out of committee moves the real debate to the Senate floor and worsens progressive's chance of improving the bill.