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Financial Meltdown

Bernanke Under Fire: 3 Reasons Why an Early Tuesday Turkey Could Roil the Markets

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

Could Tuesday be Turkey Day for the financial markets? I think there's a good chance we see some serious "dirty laundry" aired from the Fed which could increase volatility in what normally should be a quiet holiday shortened week.

The Best Movie You Haven't Heard of: Inside Job

Charles H. Green | Posted 05.25.2011 | Business
Charles H. Green


How to Live on $0 a Day: Making the Most of Your Halloween Harvest

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

In the current economy, Halloween isn't just a holiday for children, it's also a source of free food for adults trying to feed themselves and their families.

Wall Street Hopes to Use Republicans to Re-Purchase Congress

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The same people whose recklessness caused so many everyday working class families to lose their jobs are now stoking the anger caused by their own actions and directing it toward Democrats who have brought them to account.

In The Public Interest : The More You Know, The More You Know We Need A Strong CFPB

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

This month's story, dear reader, is about sloppy bank servicing of mortgages, starting with the infamous robo-signers and now escalating to every elem...

America's Media Mayhem

Diane Francis | Posted 05.25.2011 | Media
Diane Francis

The roiling blogosphere, blowhards on Fox and news that stalks everyone anywhere, now appears to be driving politics and enhancing corporate risk.

'Sorry Seems to Be the Hardest Word'

Saly A. Glassman | Posted 05.25.2011 | Business
Saly A. Glassman

In the eyes of the investor, financial institutions lost their connection with compassion, understanding, and commitment, and jeopardized their long-term relationships with clients.

DK Matai | Posted 05.25.2011 | Business
DK Matai

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

Wall Street Is Suicidal. It's Time to Focus on Those Who Aren't

Steven G. Brant | Posted 05.25.2011 | Business
Steven G. Brant

Part of what will make reforming Wall Street possible is to move Wall Street out of the center of our focus... to take away the celebrity element that has been part of its culture for the last 30 years.

Sen. Feingold & Cantwell: Stay Principled and Vote Against Weak Financial Reform Bill -- But Don't Let Republicans Filibuster

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

The Democrats' financial reform bill is weak tea that doesn't fix the problem of too big to fail megabanks or prevent the next cycle of boom, bust and bailout.

Wall Street, Repent!

Jim Wallis | Posted 05.25.2011 | Religion
Jim Wallis

The principles of clarity, transparency, accountability, and protecting the common good against private greed are not just economic policy matters. On a more transcendent level, they provide the metrics of real repentance.

After Health Care: Now the Harder Part

Jay Mandle | Posted 05.25.2011 | Politics
Jay Mandle

Radical change is required in at least three areas: the financial system; the military; and energy policy. The first two have to be downsized, and our dependency on fossil fuels has to be minimized.

Product Warranty Proposal for the Ratings Agencies

Kim Davis | Posted 05.25.2011 | Business
Kim Davis

An enduring mystery of the debate about regulatory reform is the extent to which the ratings agencies are a second order issue of concern.

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

Jerry Chautin | Posted 05.25.2011 | Politics
Jerry Chautin

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

It's Time to Cut Goldman Sachs and the Rest of Them Down to Size

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.

Financial Meltdown: Who Should Pay?

Robert Guttman | Posted 05.25.2011 | Business
Robert Guttman

America has been brought to its knees financially and no one has accepted responsibility and no one has been charged for any illegal activity in bringing on this meltdown. It is a disgrace and needs to be remedied soon.

James Kwak: The Problem is Bank-o-cracy (AUDIO)

Christopher Lydon | Posted 05.25.2011 | Politics
Christopher Lydon

James Kwak extends Michael Lewis's point and feeds my fascination with apocalyptic hysteria and helpless torpor as the twin markers of American politi...

Does Size Matter? Simon Johnson vs. Paul Krugman on Whether to Break Up "Too Big to Fail" Banks

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

Paul Krugman and Simon Johnson are two of my favorite economic commentators, but when it comes to the issue of breaking up mega-banks, they take dramatically opposing positions.

Congress's FCIC Nearly Nailed Former Citigroup Executives to the Wall -- Then Blew It

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Chairman Angelides was apparently unaware that Citigroup had reason to be deeply alarmed by the events that caused the Bear Stearns hedge funds to implode.

DK Matai | Posted 05.25.2011 | Business
DK Matai

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

DK Matai | Posted 05.25.2011 | Business
DK Matai

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

Why Human Rights are Indispensable to Financial Regulation

Radhika Balakrishnan | Posted 05.25.2011 | Business
Radhika Balakrishnan

The biggest economic meltdown in the US since the Great Depression continues to erode fundamental human rights. The collateral damage of the financial crisis is stupendous.

The Economic "Do Over"

Jorge Hernandez | Posted 05.25.2011 | Business
Jorge Hernandez

We all remember the "Do Over." As children whenever a game went awry, someone would yell out, "Do Over!" What we need in this country is an economic "Do Over."

DK Matai | Posted 05.25.2011 | Business
DK Matai

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

Inadvertently, CNBC's Larry Kudlow Makes Strong Case for Breaking Up the Big Banks

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

A firm's failure should not matter to anyone but its management, employees, shareholders and creditors. But better regulation will not suffice for us to fix this. Only breaking up the big banks will work.