iOS app Android app

Banking Crisis

The Cheapness That Is Not: Thoughts on the BP Spill

Laura Penny | Posted 05.25.2011 | Books
Laura Penny

Why did BP build a well it cannot fix? Because it was "cheaper" for them to do so.

Goldman Sachs Robbed the EU By Way of Greece

Stephen Herrington | Posted 05.25.2011 | Business
Stephen Herrington

Someone will make money off of Greece's bailout or default, and you can bet that Goldman Sachs has shorted the Euro.

The Folly of the Financial Regulation Bills

Marty Robins | Posted 05.25.2011 | Business
Marty Robins

One hopes that before our economy can be further damaged from ill-advised measures, the proverbial cooler heads will prevail and reflect on what is really necessary.

The Banking Crisis: New York Review On What History Tells Us To Expect

The New York Review of Books | Paul Krugman, Robin Wells | Posted 05.25.2011 | Books

From an economist's point of view, there are two striking aspects of This Time Is Different. The first is the sheer range of evidence brought to bear....

The Financial Crisis: We Know Enough; Now Let's Do Enough

SAFER | Posted 05.25.2011 | Business

William Black, University of Missouri, Kansas City James Crotty, Department of Economics, University of Massachusetts, Amherst Jane D'Arista, SAFER & ...

'13 Bankers,' Financialization and the Real Economy

Mike Konczal | Posted 05.25.2011 | Books
Mike Konczal

What is the impact on the real economy of keeping this financial sector going? I want to lay out four broad points as we enter into a potential recovery.

Are European Banks on the Verge of Destruction?

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

A chillingly realistic forecast of what may very soon be the next great global banking crisis.

Protesters Heat To San Francisco To Target Wells Fargo's Lending Policies

Huff Post Citizen Reporting | Heidi Pickman | Posted 05.25.2011 | Business

"Hey, hey, ho, ho - corporate greed has got to go" "We Want Justice, We Want Justice" "Wells Fargo, you can't hide, we can see your gree...

DK Matai | Posted 05.25.2011 | Business
DK Matai

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

Profit Maximization - Ethics = The 'Goldman Standard'

Bill Donius | Posted 05.25.2011 | Business
Bill Donius

The government's fraud charge against Goldman Sachs brings 'ethics versus profits' under the spotlight providing a great opportunity for public education. This case will no doubt be one for the ages in business schools.

Help Report The March on Wall Street

HuffPost Citizen Reporting | HuffPost Citizen Reporting | Posted 05.25.2011 | Business

National People's Action, the organizers of Showdown in Chicago, last summer's impressive bank-busting protests, are planning a 10,000 person march o...

Will The Next Crisis Bankrupt America?

Lawrence G. McDonald | Posted 05.25.2011 | Business
Lawrence G. McDonald

From the Continental Illinois Bank failure in 1984, to Long Term Capital Management in 1998, to the fall of Lehman Brothers, these financial disasters are going from big to bigger to exponentially more deadly.

Cartoon: Tea Party Puppets

Shan Wells | Posted 05.25.2011 | Denver
Shan Wells

The upcoming battle over banking regulations promises to have every bit of the nutty gasbagging we witnessed last summer as the health care debate raged.

Wall Street and the Reform Bandwagon in Congress: Watch Them

Jennifer Brunner | Posted 05.25.2011 | Home
Jennifer Brunner

Ever since I began my campaign for the U.S. Senate, there's been one subject that raises my ire more than any other--banks and financial institutions ...

Ending Wall Street's Vise: It's Prevention, Stupid

SAFER | Posted 05.25.2011 | Business

Jane D'Arista, Gerald Epstein, and Jennifer Taub University of Massachusetts, Amherst SAFER April 23, 2010 Wall Street has ...

The Next Financial Crisis: Coming to Your Neighborhood Soon?

SAFER | Posted 05.25.2011 | Business

Jane D'Arista SAFER & Political Economy Research Institute, University of Massachusetts, Amherst One of the fiercest debates during the Wall Street R...

Goldman Accused of Cutting the Brakes

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

One of the most salient analogies of the financial meltdown was offered by Financial Crisis Inquiry Commission chair Phil Angelides when he grilled Go...

Anatomy of a Foreclosure: A Second Look

Matthew Anderson | Posted 05.25.2011 | Business
Matthew Anderson

Many American homes are now at risk of some level of foreclosure. Federal government intervention on the behalf of these citizens is falling short of actually addressing their needs.

Does a Kosher Butcher's Fraud Mandate a Life Sentence?

Rabbi Shmuley Boteach | Posted 05.25.2011 | Politics
Rabbi Shmuley Boteach

Rubashkin is no hero. Whatever the nobility of his intentions, he is a poor example to religious youth. His behavior must and should be condemned. But he is no monster either.

Will the Senate Clear the Financial Market Minefield?

SAFER | Posted 05.25.2011 | Home

Jennifer Taub As early as next week, we will learn whether the United States Senate has the courage to clear the financial market minefield. If so, o...

Was Bernie Madoff the Exception or the Rule?

Robert L. Borosage | Posted 05.25.2011 | Business
Robert L. Borosage

Were the big banks all knowingly running Ponzi schemes? That's the question that arises from the stunning hearings held this week by the Senate Permanent Committee on Investigations, chaired by Senator Carl Levin, on the collapse of Washington Mutual, the largest thrift failure in the U.S. Faced with looking like fools or knaves, the barons of the big banks -- from Robert Rubin to Lloyd Blankfein to WaMu's Kerry Killinger -- have chosen, not surprisingly, the fool.

After Hobnobbing With Bankers, McConnell Attacks Wall Street Reform

Chris Harris | Posted 05.25.2011 | Politics
Chris Harris

In return for obstructing Democratic legislation to hold Wall Street CEOs accountable, Republican lawmakers are pressing bankers for financial help heading into the November elections.

Why We Must Break Up the Big Banks

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Breaking up the banks does not guarantee good regulation. However, a break-up of the big banks will at least give the country some hope that things can change.

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...

The Unspoken Macro of the Citibank Saga

Warren Mosler | Posted 05.25.2011 | Business
Warren Mosler

Many of the same people who were involved in the bailouts, who still don't have a fundamental understanding of banking, are now designing a regulatory reform bill. Good luck to us.