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Simon Johnson: Why Banks Are Becoming 'Too Global To Fail'

The New Republic | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

This June, Dimon returned from a two-week visit to China, India, and Russia, and announced an even more aggressive expansion. Senior executives were o...

A Plea to the Courts: Stop the Quiet Death of a Critical Consumer Protection

Lisa Gilbert | Posted 05.25.2011 | Politics
Lisa Gilbert

The right of consumers to band together to take action against corporate rip-offs is something that is enshrined in case law, enforced by the state co...

Wall Street Lobbyist To Regulator: 'Are You Trying To Scare Me?'

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Regulators charged with fleshing out the Dodd-Frank financial reform are receiving intense pressure from Wall Street lawyers and lobbyists, the Wall S...

The Car In The Ditch: A Fond Look Back (WATCH)

The Huffington Post | William Alden | Posted 05.25.2011 | Business

President Obama's endlessly entertaining analogy about the economy, in which Democrats rescue a car that Republicans have driven into a ditch, died a ...

'Foreclosure Department Supervisor,' No Experience Necessary

Pro Publica | Marian Wang | Posted 05.25.2011 | Business

For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures. At JPMorgan Chase...

Banks Face $31 Billion Loss On Mortgage Buybacks: Report

Reuters | Maria Aspan and David Zimmerman | Posted 05.25.2011 | Business

NEW YORK (Reuters) - The top U.S. banks could face up to $31 billion in losses from buying back bad mortgages, Standard & Poor's said in a report on T...

PHOTOS: The Economy In Metaphor

The Huffington Post | William Alden | Posted 05.25.2011 | Business

At a press conference Wednesday, President Obama said the economy is still in a "ditch." It was a somber revision of a metaphor he's been developing f...

Don't Do It Yourself: 8 Jobs You Should Leave To The Pros

Wallet Pop | Martha C. White | Posted 05.25.2011 | Business

You're thrifty, you're self-sufficient, you don't waste money paying for services you can do yourself. Here at WalletPop, we understand that, and we t...

William Alden

Public Pension Funds 'Borrowing In Disguise,' Projecting HUGE Returns

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Public pension funds could be in a much bigger hole than they're admitting. And facing up to more realistic numbers won't be easy. Across the count...

Wall Street Traders May Get A Pay Cut This Year -- Including At Goldman

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

Wall Street traders, who typically receive the fattest year-end bonuses among bank employees, are poised to suffer the biggest pay cuts as revenue at ...

The Biggest Mistakes For First-Time Home Buyers

The New York Times | jennifer saranow schultz | Posted 05.25.2011 | Business

My husband and I are in the market to buy our first home. After looking for months, we were convinced last week that we had finally found a property t...

What Exactly Can Fix The Economy? Pundits Offer Few Solutions

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Pundits seem to agree that the anticipated Congressional deadlock won't help the economy. And yet they insist on proposing legislative solutions to th...

Mortgage Banker's Forecast: More Regulation Will Cost Consumers and Taxpayers

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Washington, D. C. is hot, but the rest of the nation is not when comparing our unemployment rates to the nation's capitol. "The largest over-the-month...

America's 10 Biggest Real Estate Deals: Manhattan Dominates

Daily Finance | Douglas | Posted 05.25.2011 | Business

As Google (GOOG) reportedly ponders buying its New York City headquarters for a cool $2 billion -- which would make it one of the largest real estate ...

Mohamed El-Erian: Why Political Gridlock Could Be Seriously Damaging To The Economy

Washington Post | Mohamed A. El-Erian | Posted 05.25.2011 | Business

With the two chambers of Congress split between Democrats and Republicans, the conventional wisdom likely to be repeated over the next few weeks is th...

Businesses Make 'Wish Lists' For Republicans, But Uncertainty Remains

The Huffington Post | William Alden | Posted 05.25.2011 | Business

This post has been updated. Big businesses have made "wish lists" for legislation they hope the now even more divided Congress will consider, the Wal...

California's Prop 19: The First Step Toward A National Marijuana Industry?

Daily Finance | Bruce Kennedy | Posted 05.25.2011 | Business

Will California's Proposition 19 get passed or go up in smoke? If approved, the controversial ballot measure would legalize most marijuana-related act...

Election Prediction Roundup: How The Gridlock Will Affect Business

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Depending on whom you ask, tonight's election will or will not affect the stock market. And depending on whom you ask, it will or will not help busine...

SEC Investigating Deal Between JPMorgan And Hedge Fund Magnetar

Pro Publica | Jesse Eisinger and Jake Bernstein | Posted 05.25.2011 | Business

The Securities and Exchange Commission is investigating whether JPMorgan Chase allowed a hedge fund to improperly select assets for a $1.1 billion dea...

Who's Leading The Probe Into The Foreclosure Crisis? The States

The New York Times | Joe Nocera | Posted 05.25.2011 | Business

Have you noticed that the lead dogs investigating the mortgage foreclosure mess are not any federal prosecutors or national bank regulators, but rathe...

Minimum Wage Increases Actually HELP Employment, Study Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Increasing the minimum wage does not aggravate unemployment, despite conventional wisdom to the contrary, a new study shows (hat tip to Economix). Ev...

Twitter Fight: Roubini Attacks Business Insider Over GDP Prediction

The Huffington Post | William Alden | Posted 05.25.2011 | Business

A wonkish spat erupted Friday between economist Nouriel Roubini and blogger Joe Weisenthal, all in 140 characters or fewer. It started Friday morning...

Will The Unemployed Sit Out The 2010 Election?

Bloomberg | Brian Faler | Posted 05.25.2011 | Business

Jackson, Michigan, is home to one of this year's most closely contested U.S. House races, with both candidates promising to bring jobs back to an area...

Aspen Dispatch: Measuring for Success

Steve Rohleder | Posted 05.25.2011 | Business
Steve Rohleder

I recently did a session at the Aspen Institute's Business and Society forum in NYC, with David Walker, former head of the GAO who is now leading a ne...

WATCH Banks Could Lose $97 BILLION From Mortgage Crisis

The Huffington Post | William Alden | Posted 05.25.2011 | Business

As investors try to get refunds for shoddily documented mortgage securities, banks could lose nearly $100 billion, according to one company's estimate...