Banking Reform

Too Complex To Regulate: JPMorgan's Losses Highlight Need For Simplicity

Peter S. Goodman | Posted 05.28.2012

Read More: Jpmorgan, JPMorgan Chase, Banking Regulation, Volcker Rule, Banking Crisis, Banking Reform, Sheila Bair, Jamie Dimon, Business News
Peter S. Goodman

You can parse the stories about how the bank's risk-management people loaded up on risk, or digest the accounts of how JPMorgan's financial wizards engineered mind-bendingly complex means of limiting their vulnerability to troubles in Europe. But the simplest answer is the most pertinent: It's extraordinarily complicated.

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Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 05.24.2012

Read More: Congress, Securities and Exchange Commission, Financial Reform, Commodity Futures Trading Commission, Elections 2012, Enron, Wall Street Reform, Jamie Dimon, Volcker Rule, Cftc, Financial Watchdog, JPMorgan Chase, Wall Street, Wall Street Regulation, Barack Obama, Mary Schapiro, Sarbanes-Oxley Act, Sec, Banking Reform, Gary Gensler, Glass-Steagall, Gary Gensler Chairman CFTC, Lobbyists, SEC Chairman Mary Schapiro, Appropriations, Banking Lobby, Banking Industry, Obama 2012, Dodd Frank, Special Interests, Business News
Sanjay Sanghoee

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

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If We Can't Understand Them, We Should Just Break Them Up

Rep. Brad Miller | Posted 05.24.2012

Read More: Financial Crisis, Banks, Financial Regulation, Financial Reform, Jpmorgan, Banking Regulation, JPMorgan Chase, Banking Reform, Too Big to Fail, Jamie Dimon, Politics News
Rep. Brad Miller

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

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Obama Speaks Out On Bank's Massive Loss

The Huffington Post | Mollie Reilly | Posted 05.14.2012

Read More: Jpmorgan Chase Loss, JPMorgan Chase, Video, Wall Street, 2012 Election, Mitt Romney 2012, Wall Street Reform, Elections 2012, Mitt Romney, Banks, The View, Jamie Dimon, Banking Reform, Barack Obama 2012, Barack Obama, Politics News

President Barack Obama discussed JPMorgan Chase's $2 billion loss on Monday, saying the bank's massive failure proves why Wall Street reform is necess...

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Backpage Not Complying With Requests to Help Stop Sex Trafficking

Conchita Sarnoff | Posted 04.03.2012

Read More: Politics, Goldman Sachs, Senator Leahy, Craigslist Sex Ads, Child Sex Trafficking, Financiers, Sex, Banking Regulation, Senator Rubio, Banking Crisis, Senator Boxer, Banking Reform, Backpage.com, Senator Durbin, Impact News
Conchita Sarnoff

Nicholas Kristof reported in Sunday's New York Times Magazine that Goldman Sachs owns a 16% stake of Village Voice Media.

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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 Joke That Isn't Funny: Campaign 2012

Peter Block | Posted 04.03.2012

Read More: Helen Hodgson Brown, National Debt, Common Good, Peter Block, Republican Primary Campaign 2012, Mitt Romney, The Web of Debt, Banking Reform, Newt Gingrich, 2012 Election, Republican Presidential Candidates, Elections 2012, Republican Presidential Primary, Politics News
Peter Block

We have the two leading candidates running against the government. Their marketing strategists have decided that their best chance of winning is to ride a real or imagined wave of contempt that people have for the competence of their own government.

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Mark Gongloff

The Incredible Shrinking Bank Of America

HuffingtonPost.com | Mark Gongloff | Posted 02.02.2012

Read More: Subprime Crisis, Subprime Mortgages, Wells Fargo, Countrywide Financial, Subprime Mortgage Crisis, Bank of America, Bank of America Countrywide, Banking Reform, Subprime Loans, Banking Industry, Business News

Once the biggest bank in the country, Bank of America is shrinking before our very eyes. After more than three years at the top, Bank of America is...

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Better Banking

Jurriaan Kamp | Posted 03.24.2012

Read More: Investment Banks, Finance, ING Direct, Economy, Economic Development, Banks, Capitalism, Better Banking, Banking Reform, Business News
Jurriaan Kamp

Banks are making money with money rather than providing the services to society that they were originally established for: collecting and rewarding savings and using these funds for investments that would enrich society.

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10 Lessons the U.S. Can Learn From China

Ann Lee | Posted 02.12.2012

Read More: Political Reform, 2012 Elections, Global Economy, Foreign Affairs, Economic Reform, Soft Power, Political Economy, Banking Reform, Education Reform, Job Creation, China Economy, Culture, Foreign Policy, World News
Ann Lee

Education is the most important foundation that the U.S. can invest in, and test scores across the country are rapidly falling behind the rest of the world. Instead of having children aspire to become reality television stars.

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Bank Of America Retreating From Debit Card Fee, Reformer Keeps Pressure On

The Huffington Post | Luke Johnson | Posted 12.31.2011

Read More: Consumer Banking, Checking Account, Swipe Fee, Chase, Wells Fargo, Move Your Money, Bank of America, Bofa, Brad Miller Bank of America, Bank of America Debit Card Fee, Video, Move Your Money Campaign, Swipe Fees, Banking Reform, Debit Cards, Bank of America Debit Card, Brad Miller Banks, Debit Card Fees, Brad Miller, Politics News

Bank of America is reportedly scaling back its plans to charge a $5 debit card fee to its customers, but Rep. Brad Miller (D-N.C.) is still pushing le...

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Wall Street: From Protest to Politics

Robert Kuttner | Posted 12.02.2011

Read More: Civil Unrest, Elections 2012, Banking Reform, Tea Party, Government Reform, Occupy Wall Street, Politics News
Robert Kuttner

The Wall Street protests are heartening -- but also a measure of the utter failure of the usual machinery of democracy to remedy the worst pillaging of regular Americans by financial elites since the 1920s.

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Can the UK go it Alone on Banking Reform? I just Don’t Think so

Iain Anderson | Posted 01.14.2012

Read More: Chancellor of the Exchequer, Banking Reform, Vickers Report, George Osborne, Icb, Treasury, Cicero Group, UK Politics News
Iain Anderson

This is perhaps the most momentous day for British financial services since the de-regulation of "big bang" in the late 1980s.

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World's Governments Need To Do More To Regulate Banks, Says Committee

The Huffington Post | Alexander Eichler | Posted 09.05.2011

Read More: India, Bank for International Settlements, Basel Committee on Banking Supervision, Dodd-Frank, Financial Reform, Banking, International Banking, Imf, Timothy Geithner, Spain, Banking Reform, China, Business News

Global banking reform isn’t coming fast enough for the Basel Committee on Banking Supervision. On Wednesday, the Basel Committee, a Swiss-based o...

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Moody's Considering Downgrading Major U.S. Banks

Posted 08.02.2011

Read More: 2008 Financial Crisis, Wells Fargo, Barney Frank, Bank of America, Federal Reserve, Chris Dodd, Banking Reform, Dodd-Frank Bill, Moody's, Citigroup, Business News

NEW YORK (Maria Aspan) - Moody's Investors Service said it may downgrade the debt ratings of Bank of America Corp, Citigroup Inc and Wells Fargo &...

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A Public Comment on the Durbin Amendment to Limit Bank Interchange Fees

Aaron Greenspan | Posted 05.25.2011

Read More: Congress, Banking Reform, Finance, Credit Card Fees, Dick Durbin, Business News
Aaron Greenspan

The following comment on Regulation II - Debit Card Interchange Fees and Routing [R-1404] was submitted by the author to the Federal Reserve on Januar...

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The Most Important Report of the Next Two Years

Mike Lux | Posted 05.25.2011

Read More: Big Banks Bonus Bonanza, Northwest Federation of Community Organizations, Banking Reform, Wall Street, Pico, Alliance of Californians for Community Empowerment, Seiu, Politics News
Mike Lux

The Big Banks Bonus Bonanza report makes the case strongly for an economic play that would give the country a far bigger economic boost than anything Obama is going to be able to get out of Congress in the next two years.

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Get America Working: We Need a Movement to Solve a Crisis

Dylan Ratigan | Posted 05.25.2011

Read More: Health Care Reform, Free Trade, Banking Reform, Tax Reform, Steel on Wheels, Politics News
Dylan Ratigan

With our list of challenges ranging from overpriced health care to evaporating manufacturing, where can we start? Here are four steps our country must take now to get Americans back to work.

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Mervyn King Has It Right -- Our Financial System Is the Worst

Laurence J. Kotlikoff | Posted 05.25.2011

Read More: Mervyn King, Banking Reform, Bank of England, Global Financial Crisis, Limited Purpose Banking, Financial Reform, Business News
Laurence J. Kotlikoff

We have the worst possible banking system because it is built on two pillars of straw -- proprietary information and leverage.

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Basel III -- Tightening the Noose on Credit

Ellen Brown | Posted 05.25.2011

Read More: Banking Regulation, Basel III, Bank for International Settlements, Credit Crisis, Wall Street Bailout, Banking-Reform, Bank of North Dakota, Basel II, Basel Regulations, Business News
Ellen Brown

If the big banks that brought you the current credit crisis can already meet the new requirements, what exactly does Basel III achieve, beyond shaking down their smaller competitors?

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Bye Bye Big Banks ... We Want Choices

April Rudin | Posted 05.25.2011

Read More: Banking, Overdraft Fees, Banking Crisis, Overdraft Protection, Banking Reform, Bank Fees, Business News
April Rudin

Everyone should take a closer look and learn about more banking. Children should be educated from an early age to understand how saving money, lending money and commercial banks operate.

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Civil Rights Groups Issue Warning Against Hazardous Auto Dealer Amendment

Janis Bowdler | Posted 05.25.2011

Read More: Cars, Banking Reform, Interest Rates, The Recession, Capitol Hill, The Financial Fix, Auto Dealers, Fiscal Policy, Economy, Cfpa, Financial Crisis, Regulation, Personal Finance, Auto Industry, Transportation, Business News
Janis Bowdler

Capitol Hill has been teeming with auto dealers as the debate heats up on the proposed "Restoring American Financial Stability Act of 2010" (S. 3217)....

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As Senate Spars Over Reform, Banker Man Busts Loose

Pamela Banks | Posted 05.25.2011

Read More: Senate, Financial Reform, Consumer Financial Protection Agency, Banking, Consumer Protection Agency, Payday Loans, Dodd, Richard Shelby, Banking Reform, Business News
Pamela Banks

The U.S. Senate is debating a good reform bill now, and several senators are lined up to strengthen it even more. But banking lobbyists are working overtime to persuade senators to make the bill weaker.

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Frank Luntz Hasn't Read 13 Bankers (And That's A Good Thing)

Simon Johnson | Posted 05.25.2011

Read More: Bank Fraud, Fraud, Frank Luntz Huffpost, Banking Reform, Wall Street, Financial Reform, Frank Luntz, Business News
Simon Johnson

Mr. Luntz thinks this is about higher costs being passed on to consumers and wants to fight in November on "the Democrats are just about special interests." That would be terrific -- for the Democrats.

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

Huff Post Citizen Reporting | Heidi Pickman | Posted 05.25.2011

Read More: Wells Fargo Bank, Mortgages, Mortgage, Subprime Mortgages, Mortgage Modification, Wells Fargo, Mortgage Crisis, Banking Crisis, Banking Reform, Business News

"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...

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