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Glass Steagall

Conservatives and Libertarians Should Support the Return of Glass-Steagall

William K. Black | Posted 09.20.2013 | Politics
William K. Black

Absent Glass-Steagall, banks could purchase anything from an aluminum company to a fast food franchise and (indirectly) fund its acquisitions and operations with federally-subsidized deposits. If you run an independent aluminum company or fast food franchise do you want to have to compete with a federally-subsidized rival?

WATCH: Elizabeth Warren Schools CNBC Anchors

The Huffington Post | Posted 07.18.2013 | Business

Elizabeth Warren has a message for any television personalities questioning the merits of increased financial regulation: You’re wrong. During a...

Senator Warren-Wall Street

Jeff Danziger | Posted 09.16.2013 | Politics
Jeff Danziger


Shahien Nasiripour

Metal Market Mayhem: Brewers Blast Banks | Shahien Nasiripour | Posted 07.17.2013 | Politics

WASHINGTON -- A loose coalition of beer brewers, automakers, Boeing and Coca-Cola is accusing big banks, including Goldman Sachs and JPMorgan Chase, o...

The Return of Lawrence Summers, Mr. Spectacular Failure

Robert Scheer | Posted 09.14.2013 | Business
Robert Scheer

Tell me it's a sick joke: Former U.S. Treasury Secretary Lawrence Summers, the guy who tops the list of those responsible for sabotaging the world's economy, is lobbying to be the next chairman of the Federal Reserve.

Remember Citigroup

Simon Johnson | Posted 07.15.2013 | Business
Simon Johnson

Even Sandy Weil, former CEO of Citigroup who led the charge against the remnants of Glass-Steagall in the 1990s, concedes that this was a regrettable mistake -- and argues for all of the biggest banks to be broken up.

Sunday Roundup

Arianna Huffington | Posted 09.12.2013 | Politics
Arianna Huffington

This week was a week of comebacks, some welcome, some less so. At the U.N., Malala Yousafzai, the Pakistani teen who was shot by the Taliban for promoting girls' education, marked her 16th birthday by giving an inspiring speech. Less welcome was the comeback by the Texas anti-choice bill, which passed on Friday. In Moscow, accused NSA leaker Edward Snowden emerged at Moscow's Sheremetyevo airport to ask Russia for asylum. Closer to home, former governor Eliot Spitzer announced his bid for New York City comptroller, and former New Jersey governor Jim McGreevey joined the Jersey City cabinet. And that's a good thing -- further restricting our pool of leaders to flawless robots won't help us meet our challenges. Speaking of challenges, the unlikely Senate duo of Elizabeth Warren and John McCain introduced a bill pushing for Glass-Steagall to make a comeback. Passage is considered unlikely, but, then, so was the unlikely pairing of sharks and tornadoes. Until now.

Mark Gongloff

JPMorgan Chase Fires Back At Elizabeth Warren | Mark Gongloff | Posted 07.12.2013 | Business

Shocking news: JPMorgan Chase is not exactly jazzed about some recent plans to regulate banks, including Elizabeth Warren and John McCain's bill to re...

Zach Carter

Senators Attempt To Revive Bank Rule | Zach Carter | Posted 07.11.2013 | Politics

WASHINGTON -- A bipartisan group of four senators that includes Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) introduced an updated version of ...

Zach Carter

House Dems Press Ben Bernanke On Risks Of Bank Expansion | Zach Carter | Posted 07.02.2013 | Politics

WASHINGTON -- Four House Democrats sent a letter to Federal Reserve Chairman Ben Bernanke on Friday, pressing him on the risks of the market manipulat...

Crackpot Realism and the Education of David Stockman

Michael S. Lofgren | Posted 06.07.2013 | Politics
Michael S. Lofgren

The cultural hegemony of the moneyed classes enables them to use the mass media and elite institutions as a transmission belt for these economic ideas.

The Regulatory Nullification and the Cruelty of Big Business

Ralph Nader | Posted 06.05.2013 | Business
Ralph Nader

Despite negative public sentiment and the rise of the Occupy movement, the avarice on Wall Street arrogantly continues on. The big banks are now even bigger and more powerful than they were in 2008 when they were bailed out by the U.S. taxpayers.

Are We Heading Towards Cyprus or Socialism?

Les Leopold | Posted 06.04.2013 | Business
Les Leopold

What will happen the next time the largest banks in America gamble their way into chaos? Will taxpayers bail them out again or will the "stakeholders" be forced to make up the losses?

What Would Jesus Do? Jail the Bankers!

Carl Gibson | Posted 03.27.2013 | Politics
Carl Gibson

As Elizabeth Warren showed the world, the government officials trusted with the job of arresting bankers and bringing them to trial haven't done it and won't do it. So if you ask yourself, "What Would Jesus Do?", the answer is clear.

Zach Carter

Dem On New Derivative Rules: 'This Could Come Back And Haunt You' | Zach Carter | Posted 03.20.2013 | Politics

WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...

Jon Ward

Rand Paul Cool To Idea Of Breaking Up Big Banks, Open To Starving Them | Jon Ward | Posted 03.12.2013 | Politics

WASHINGTON -- Following on the breakout success of his anti-drone filibuster, expect Sen. Rand Paul (R-Ky.) to be on the lookout for other populist-th...

Reward Investors in Banks That Break Up

Brent Budowsky | Posted 05.07.2013 | Business
Brent Budowsky

I agree with George Will about as often as the Boston Red Sox agree with the New York Yankees, but as the law of broken clocks suggests, we must both be right at least twice a day.

Financial Regulation: Oops, We Did It Again

Wladimir Nikoluk | Posted 04.22.2013 | Impact
Wladimir Nikoluk

As some of the most capable minds of the world convene to tackle this issue, the debate should drop its exclusive focus on efficiency and explore the possibility of an economy that is less efficient but more stable and resilient.

How Jamie Dimon Shows Us Exactly What Is Wrong With Our Banks

Sanjay Sanghoee | Posted 03.30.2013 | Business
Sanjay Sanghoee

Banks today have become self-serving profit machines whose primary goals are misaligned with our nation's larger interests, and are a far cry from the friendly neighborhood institutions that once made the American dream possible.

Should Obama Pull a 'W' on the Obstructionist Assault?

Adam Levin | Posted 03.30.2013 | Politics
Adam Levin

I hate to say it, because I wasn't a fan, but this never would have happened under George W. Bush. There was a president who got what he wanted.

A Living Room Conversation to Reinstate Glass-Steagall

Joan Blades | Posted 03.16.2013 | Politics
Joan Blades

Tea Party and MoveOn activists joining voices to reinstate Glass-Steagall? That's not far-fetched... this is common ground.

Zach Carter

New Senator Takes Cue From Elizabeth Warren | Zach Carter | Posted 01.23.2014 | Politics

WASHINGTON -- Freshman Sen. Angus King (I-Maine) joined Sen. Elizabeth Warren (D-Mass.) this week in the fight to rein in the financial establishment....

The Dodd-Frank Act Paved the Way for Effective Gun Laws

Adam Levin | Posted 02.18.2013 | Politics
Adam Levin

When it comes to firearms, the promise is total power, and it is no illusion. The problem is that they give that power indiscriminately to anyone who holds them. It is more power than anyone should have.

Too Big To Fail Banks Benefit Society, Says Too Big To Fail Bank

The Huffington Post | Mark Gongloff | Posted 11.27.2012 | Business

Wow, guys, you'll never guess who thinks too-big-to-fail banks are super great for society! OK, you'll guess: It's a too-big-to-fail bank. In a res...

Elizabeth Warren: Break Up The Banks

The Huffington Post | Bonnie Kavoussi | Posted 11.07.2012 | Business

Breaking up the big banks is a Wall Street reform that Elizabeth Warren may work to implement if she's elected to the U.S. Senate Tuesday. "They ha...