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Bank Regulation

Zach Carter

Jeff Merkley Wants You To Know He Stood Up To Wall Street

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Sen. Jeff Merkley (D-Ore.) told HuffPost that he sees the finalization of regulation that banned Wall Street speculation with taxpayer m...

Zach Carter

Progressives Rally To Representatives' Call For Tougher Bank Rules

HuffingtonPost.com | Zach Carter | Posted 11.07.2013 | Politics

WASHINGTON -- Three members of Congress this week sent a letter to top federal regulators urging them to adopt tougher capital requirements for big ba...

Is the "Too Big to Fail" Problem Too Big to Solve? Part II

Jack M. Guttentag | Posted 11.11.2014 | Business
Jack M. Guttentag

Disaster myopia is reinforced by "herding." Any one firm that elects to play it safe will be less profitable than its peers, making its shareholders unhappy, and opening itself to a possible takeover.

Summers and the Banks

Jared Bernstein | Posted 10.29.2013 | Business
Jared Bernstein

In the interest of fairness, I also wanted to weigh in briefly on ways in which Larry Summers views on financial market oversight, a critical part of the job of Fed chair, have been misrepresented in some accounts.

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant

HuffingtonPost.com | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

Zach Carter

Obama: Larry Summers Would Make Excellent Fed Chair

HuffingtonPost.com | Zach Carter | Posted 08.09.2013 | Politics

WASHINGTON -- President Barack Obama on Friday pushed back against rumors that his former economic adviser Larry Summers has "the inside track" among ...

SHOCK! Bankers Are Getting Some Srsly Dubious Advice From Lawyers

The Huffington Post | Mark Gongloff | Posted 05.20.2013 | Business

From Saul Goodman of "Breaking Bad" to Harold Melvoin of "The Sopranos," sleazy lawyers on the teevee are always giving criminals career advice. This ...

Zach Carter

House Dems Embrace Wall Street Deregulation

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- Just one day after Treasury Secretary Jack Lew wrote a letter urging lawmakers to reject a slate of Wall Street deregulation measures, n...

Mark Gongloff

JPMorgan Chase Regulatory Troubles Now Even More Troubling

HuffingtonPost.com | Mark Gongloff | Posted 05.03.2013 | Business

JPMorgan Chase's many regulatory troubles are once again hurting the bank's stock. At some point you have to ask, when do they hurt management, too? ...

At Least the Big Banks Are Kickin' It...

Jared Bernstein | Posted 06.16.2013 | Business
Jared Bernstein

The disconnect between profitability and hiring or middle-income wage growth has been embedded in our economic system for decades -- this quarterly result is a mere microcosm.

Mark Gongloff

Spitzer: Throwing Bankers In Jail Wouldn't Hurt

HuffingtonPost.com | Mark Gongloff | Posted 04.16.2013 | Business

Maybe time has mellowed Eliot Spitzer. Spitzer, who built his political career as New York Attorney General more than a decade ago by crusading aga...

'Too Big To Fail' A Thing Of The Past, U.S. Regulators Tell Wall Street

Reuters | Posted 06.15.2013 | Business

* Federal Deposit Insurance Corp pushes bailout alternative * Analysts say bond investors starting to price in FDIC plan ...

Too Big to Jail?

Sen. Bernie Sanders | Posted 05.28.2013 | Politics
Sen. Bernie Sanders

No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation's economic wellbeing. And no institution in America should be above the law.

The Beginning of the End of Too-Big-to-Fail

Robert Weissman | Posted 05.28.2013 | Politics
Robert Weissman

A funny thing, wonderful in its own small way, happened last week. The Senate voted 99-0 in favor of an amendment to end subsidies to too-big-to-fail financial institutions. This vote is a harbinger of things to come -- if the public keeps ratcheting up pressure.

Zach Carter

Dem On New Derivative Rules: 'This Could Come Back And Haunt You'

HuffingtonPost.com | Zach Carter | Posted 03.20.2013 | Politics

WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...

Mark Gongloff

Regulator Gives JPMorgan Execs Bad Grades

HuffingtonPost.com | Mark Gongloff | Posted 03.20.2013 | Business

If you regularly insult and belittle your teacher, argue over whether to hand in homework and flunk the midterm exam, what grade do you expect to get?...

Bank Regulator Hid Settlements From Public: Report

The Huffington Post | Mark Gongloff | Posted 03.12.2013 | Business

At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators a...

Since When Did Megabanks Become Your Evil Step-Mother?

Adam Levin | Posted 05.11.2013 | Business
Adam Levin

Banks say transaction reordering is not simply a new way to squeeze profits from unsuspecting customers. They claim that by processing the largest transactions first, they're actually doing us a solid.

Mark Gongloff

Banks Have One Reason To Cheer The Sequester

HuffingtonPost.com | Mark Gongloff | Posted 02.25.2013 | Business

You have to hand it to the banks: No matter how bizarre or dire the crisis hitting the broader economy, they will find a way to take advantage. Tak...

Zach Carter

Former Government Regulators Help Keep Banks Too Big To Fail

HuffingtonPost.com | Zach Carter | Posted 02.11.2013 | Politics

WASHINGTON -- The steady flow of officials from the Securities and Exchange Commission into top corporate jobs feeds a regulatory culture of weak law ...

WATCH: Matt Taibbi on Our Blind Eye to Shockingly Bad Behavior

Bill Moyers | Posted 04.03.2013 | Politics
Bill Moyers

"The rule of law isn't really the rule of law if it doesn't apply equally to everybody. If you're going to put somebody in jail for having a joint in his pocket, you can't let higher ranking HSBC officials off for laundering $800 million for the worst drug dealers in the entire world."

Icesave Decision: Hard Case, Bad Law

Iris Erlingsdottir | Posted 03.31.2013 | World
Iris Erlingsdottir

The few bankers who have been prosecuted have only received slaps on the wrist with a wet noodle. The individuals who ransacked the banks and their enablers still have their ill-gotten gains, their mansions, their yachts and jets, and now their "honor."

Who's Behind the Latest Bank Giveaway?

Adam Levin | Posted 03.26.2013 | Business
Adam Levin

After raising hopes that some defrauded homeowners may finally see justice, the agency's bungled investigation and rushed settlement only managed to twist the knife deeper. Simply put, it's a travesty and still, no one goes to jail.

Mark Gongloff

Bank CEO Whines About Regulation After Paying Massive Fine

HuffingtonPost.com | Mark Gongloff | Posted 01.23.2013 | Business

We can only hope that the World Economic Forum in Davos keeps going on forever, because the thin Swiss air seems to be making bankers stay stupid thin...

Eleazar David Melendez

Fed President Blasts Dodd-Frank

HuffingtonPost.com | Eleazar David Melendez | Posted 01.22.2013 | Business

After spending the last few years taking a wait-and-see approach to financial reform, several banking regulators in the U.S. and Europe kicked off 201...