Banking Regulation

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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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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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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Stephen Bainbridge's Corporate Governance After the Financial Crisis

Robert Teitelman | Posted 04.24.2012

Read More: Stephen Bainbridge, Glass Steagall Banks, Sarbanes Oxley Act, Banking Regulation, Stephen Bainbridge Banking, Bainbridge Book Reviews, Volker Rule Banks, Dodd Frank, Stephen Bainbridge Book, Books News
Robert Teitelman

In his new book, Corporate Governance after the Financial Crisis, UCLA law professor and popular blogger Stephen Bainbridge provides a longer historical perspective on one aspect of this choking proliferation of rulemaking.

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Davos: Goldman's Cohn Does Not Get It

Georges Ugeux | Posted 05.25.2011

Read More: Goldman Sachs, Davos 2011, Dodd Frank Act, Hedge Funds, Banking Regulation, Basel III, Taxpayer Money, Shadow Banking, World Economic Forum, Business News
Georges Ugeux

Gary Cohn's position is obviously self-interested: nothing else should be expected from the Honorable firm. He and his peers recently increased their salary from $600,000 to $2,000,000!

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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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Brown-Kaufman Amendment: The State Of Play

Simon Johnson | Posted 05.25.2011

Read More: Banking Regulation, Wall Street Reform, Brown/Kaufman SAFE Act, 13 Bankers, Brown-Kaufman Bill, Financial Reform, Business News
Simon Johnson

The supporters of big banks will go down hard in November and in 2012; there are no secrets over this kind of time frame. But by then it will be too late for this cycle of financial reform.

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Overhauling the Banking and Financial Institutions

Warren Ballentine | Posted 05.25.2011

Read More: Banking Regulation, Fdic, Wall Street, Lehman Brothers, Financial Reform, Citibank, Bank of America, Cds, Financial Crisis, Aig, Sec, Bear Stearns, Glass-Steagall, Politics News
Warren Ballentine

Given Congress' need to find a scapegoat for the financial meltdown of the Great recession other than itself, it will no doubt make a least a cosmetic effort at financial reform.

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Cartoon: Tea Party Puppets

Shan Wells | Posted 05.25.2011

Read More: Tea Party Movement, Financial Reform, Banking Regulation, Banking Crisis, Banking Reform, FDIC Chairman Sheila Bair, Tea Party, Republican Party, Denver News
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.

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Bank Regulation, Need for Transparency, and Politics as Usual Makes the Outcome Uncertain

Jerry Chautin | Posted 05.25.2011

Read More: Depression Era, Squam Lake, Gse, Government Sponsored Enterprise, Federal Reserve Bank of Atlanta, Paul Volcker, Banking Regulation, Fdic, Investment Banks, Plain English, Financial Meltdown, Ncua, Great Recession, Financial Institutions, President Barack Obama, National Credit Union Administration, Dennis Lockhart, Chairman Ben Bernanke, Financial Debacle, Mortgage Banks, Federal Deposit Insurance Corporation, Taxpayers Money, Politics News
Jerry Chautin

Bank regulation is caught up in political maneuvering. Pro and con lobbying groups are spinning legislators. We need reform.

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The Vitter Amendment Breaches the Banking/Commerce Barrier

SAFER | Posted 05.25.2011

Read More: Banking Regulation, Banking Reform, Senate Banking Committee, Financial Reform, David Vitter, Glass-Steagall, Business News
SAFER

Jane D'Arista SAFER (Economists' Committee for Stable, Accountable, Fair and Efficient Financial Reform) & Political Economy Research Institute, Unive...

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Goldman Accused of Rigging "Robin Hood Tax" Vote

Mary Bottari | Posted 05.25.2011

Read More: Banking Regulation, Taxes, Goldman Sachs, Banking Crisis, G20 Summit, Bank Bailout, Bank Reform, Economic Crisis, Business News
Mary Bottari

Not satisfied with bringing the global economy to the brink, Goldman now appears to be devoting time and energy to cyber attacks on bank reform campaigners.

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Feb. 22 Marks A Brand New Day for Banking

Patrice Peyret | Posted 05.25.2011

Read More: Banking Regulation, Banking, Consumers, Innovation, Financial Innovation, Technology, Bank Fees, Home News
Patrice Peyret

On Feb. 22, new first of many new financial regulations to protect consumers takes effect. It's not a moment too soon. Banking, especially retail bank...

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Congress: The Banks Own the Place. Do They Own Obama Too?

Miles Mogulescu | Posted 05.25.2011

Read More: Banking Bailout, Supreme Court Campaign Finance, Consumer Financial Protection Agency, Financial Reform, President Obama, Banking Regulation, Glass-Steagall Act, Banks, Banking Crisis, Financial Crisis, Banking Reform, Citizens United, Barack Obama, Financial Regulation, Campaign Finance, Glass-Steagall, Politics News
Miles Mogulescu

If "no brainer" reforms like bankruptcy reform and student loan reform can't make it through a Democratic controlled Congress, how will more fundamental reforms of the financial system fare?

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Knife Military Spending: Kill the Deficit

Diane Francis | Posted 05.25.2011

Read More: Defense Costs, Taxes, Defense, Military, Deficits, Banking Regulation, Barney Frank, Health Care Reform, Banking Crisis, Iraq, Afghanistan, Defense Spending, Debts, Health Care, Financial Meltdown, Quality of Life, Business News
Diane Francis

If the U.S. had not waged two wars -- Afghanistan and Iraq -- and continued to keep unnecessary military commitments, the deficit and debt situation would not be an issue.

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A New Crossover Hit: "Break Up the Big Banks"

George Goehl | Posted 05.25.2011

Read More: Elizabeth Warren, Congress, Campaign Finance Reform, Wall Street, Showdown in Chicago, Michael Moore, Financial Reform, Too Big to Fail, Mortgage Crisis, Obama Administration, Financial Crisis, Alan Greenspan, Sheila Bair, Bankers, Banking Regulation, Banks, Banking Crisis, Business News
George Goehl

We've reached an incredible moment when Alan Greenspan, Michael Moore, FDIC head Sheila Bair and Elizabeth Warren are all singing the same tune: calling for breaking up the big banks.

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Financial Reform: Political Will For Change May Be Disappearing

ft.com | Norma Cohen | Posted 05.25.2011

Read More: Alistair Darling, Financial Reform, Economy, Tim Geithner, Banking Regulation, Imf, g20, Financial Regulation, Business News

As the world's banking system teetered on the brink of collapse just about a year ago, there were widespread, heartfelt, calls for reform. Politici...

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Obama Must Dump The Bums In Treasury, End The Wars And Start Leading

Dave Lindorff | Posted 05.25.2011

Read More: Banking Regulation, Banking Crisis, Obama, Afghanistan War, Politics News
Dave Lindorff

The problem with these stimulus programs is that they are inefficient ways to create and preserve jobs. This has to be the lamest economic thinking since Hoover started tightening the screws at the onset of the Great Depression.

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Regulation? They're Banking on the Status Quo

Rick Horowitz | Posted 05.25.2011

Read More: Plain Vanilla, Mortgages, Credit Cards, Hedge Funds, House Banking Committee, Senate Banking Committee, Financial Services Regulation, Barney Frank, Banking Regulation, Christopher Dodd, Richard Shelby, Financial Services Industry, Chris Dodd, Financial Regulation, Politics News
Rick Horowitz

There were those who expected the financial-services industry to slink away in embarrassment after the setbacks of the past year. These people misjudged us.

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Kenneth Rogoff: Opinion: Why We Need To Regulate Banks Sooner, Not Later

Financial Times | Keneth Rogoff | Posted 05.25.2011

Read More: Finance, Banks, Kenneth Rogoff, U.S. Treasury, Henry Paulson, Bear Stearns, Bailout, Banking Regulation, Business News

When in doubt, bail it out," is the policy mantra 11 months after the September 2008 collapse of Lehman Brothers. With the global economy tentatively ...

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Splits in Banking Industry Beginning to Surface

Mike Lux | Posted 05.25.2011

Read More: Banking Regulation, Goldman Sachs, Banking Reform, Consumer Financial Protection, Home News
Mike Lux

Two leaders in the banking industry came out strongly in favor of the Consumer Financial Protection Agency Act, the very strong centerpiece of Obama's financial regulatory reform.

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Restructure, Don't Revive, the Broken System

Mike Lux | Posted 05.25.2011

Read More: Morgan Stanley, Citibank, Financial Crisis, Goldman Sachs, Banking Reform, 2009 Obama Administration, Banking Regulation, Business News
Mike Lux

What is being recreated in front of our very eyes is the exact same system with the exact same problems that led to our financial collapse in the first place.

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Too Big to Fail: Breaking Up These Big Boys Is an Essential Battle for Our Time

Mike Lux | Posted 05.25.2011

Read More: 2009 Financial Crisis, Americans for Financial Reform, 2009 Obama Administration, Banking Regulation, Business News
Mike Lux

With the possible exception of the health care fight, there is no more important battle for the future of our economy and democracy than breaking up these too-big-to-fail financial institutions.

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Bad Bank Loans Hit Record High

nytimes.com | FLOYD NORRIS | Posted 05.25.2011

Read More: Fdic, Bank Loans, Federal Deposit Insurance Corp, Banking Regulation, Banking Crisis, Bank Bailout, Business News

Overall loan quality at American banks is the worst in at least a quarter century, and the quality of loans is deteriorating at the fastest pace ever,...

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Banks Lobby To Be Both Buyers and Sellers In Troubled Asset Program

wsj.com | DAVID ENRICH, LIZ RAPPAPORT and JENNY STRASBURG | Posted 05.25.2011

Read More: Investment Banks, Goldman Sachs, Fdic, Bank Lobby, Private Public Investment Program, Wells Fargo, Ppip, Banking Regulation, Bank of America, Banking Crisis, Citigroup, American Bankers Association, Business News

Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves. Banking trade groups are...

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