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Glass Steagall

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 07.24.2012 | Business
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.

Glass-Steagall and Private Equity: Fact and Fiction

Robert Teitelman | Posted 07.24.2012 | Business
Robert Teitelman

The "success" of private equity must mean that everyone must be an entrepreneur, an engineer or an M.B.A. "Change" that worked in the conditions of the '70s must be the solution in times that even Brooks admits are "radically different."

Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 07.21.2012 | Business
Phil Angelides

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.

Both Sides Now: Spitzer-Matalin on Chase Chastened & Bain Targeted

HuffPost Radio | Posted 05.20.2012 | Politics
HuffPost Radio

2011-11-29-20111107bothsidesnow.jpgEliot & Mary debate how a bad bet in London -- shades of AIG! -- produced "told you sos" from those wanting a strong Volcker Rule. Is Regulation still evil? Then: the two debate opening partisan attacks on Bain and Debt.

Wall Street to Obama: Thanks for Saving Our Jobs and Bonuses, Now F*** Off

Miles Mogulescu | Posted 07.18.2012 | Politics
Miles Mogulescu

Now that President Obama's views on gay marriage have "evolved," it's time for his views on Wall Street to likewise "evolve" and for Obama to forcefully campaign to break the stranglehold of Too Big To Fail banks on the economy.

This Is Our Best Chance to Fix Wall Street

Sen. Jeff Merkley | Posted 07.18.2012 | Politics
Sen. Jeff Merkley

Let's be clear: There's nothing wrong with high-risk trading, but if the bets go bad, only the people who made the bets should have to pay. This sort of gambling should happen in hedge funds, not in the federally-insured banks that families and small businesses depend on.

Don't Know Much About History

Marty Kaplan | Posted 07.05.2012 | Politics
Marty Kaplan

If more people were paying even a modicum of attention to the past, the economic debate in the 2012 presidential campaign wouldn't be between one political party beholden to big money that dreamily depicts investment bankers and oligarchs as jobs creators, and another political party, also beholden to big money, that wants applause for fixing the problem. If more people remembered which policies worked and which failed during the Depression then the jobs debate in this election wouldn't be about austerity and deficits, it would be about stimulating short-term demand and making long-term investments in education, research and infrastructure.

Michael Lewis: The Volcker Rule Should Push Even Harder

The Huffington Post | Khadeeja Safdar | Posted 05.03.2012 | Business

The Volker rule should push even harder to curb banks' bets with their own money than it would do as presently constructed, according to Michael Lewis...

Will Occupy Make a Comeback?

Tom Allon | Posted 06.23.2012 | New York
Tom Allon

I don't know about you, but I kind of miss the Occupy Wall Street movement of last fall and wonder whether the advent of warm weather will bring back this politically-charged protest.

Which Golden Rule?

Mike Lux | Posted 06.23.2012 | Business
Mike Lux

The notion of a business completely unconnected in its ethos from its workers and customers, along with the community and country in which it operates, is in fact a recipe for disaster.

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012 | Business

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

The Wild, Off the Mark Arguments Against the Volcker Rule

Sen. Jeff Merkley | Posted 06.03.2012 | Business
Sen. Jeff Merkley

Big banks are formulating a host of arguments -- wild, off the mark arguments -- aimed at dismantling the Volcker Rule firewall between loan-making, customer-serving banks and high-risk hedge funds.

Doomed (There's A Study)

The Huffington Post | Mark Gongloff | Posted 04.02.2012 | Business

We may yet see the end of Too Big To Fail. That's the message of a research note on Monday by Frederick Cannon and other bank-stock analysts at the...

Occupy Wall Street Meets Doctor Doom

Richard Brodsky | Posted 05.30.2012 | Business
Richard Brodsky

The concentration of wealth and power in the hands of the top 1% (of banks) was a danger to the other 99% (of banks), to our economy, our liberty and our democratic values. I expected to hear this at Zuccotti Park. It was a genuine surprise to hear it on 5th Avenue.

Goldman & Friends

Mitch Feierstein | Posted 05.29.2012 | Business
Mitch Feierstein

Greg Smith's recent wail of resignation made it clear that Goldman Sachs has long lost touch with these simple truths. The thing is, though, you don't have to be a client of Goldman's to lose out, you just have to be, well, a human.

The Difference Between Private and Public Morality

Robert Reich | Posted 05.14.2012 | Politics
Robert Reich

There is moral rot in America but it's not found in the private behavior of ordinary people. It's located in the public behavior of people who control our economy and are turning our democracy into a financial slush pump.

Too Big to Fail and the Volcker Rule

Ted Kaufman | Posted 05.05.2012 | Politics
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.

The Volcker Rule: Return to Sender

Robert Kuttner | Posted 04.27.2012 | Business
Robert Kuttner

Paul Volcker deserves better. In the hands of Tim Geithner's Treasury, the Rule named for Volcker supposedly limiting speculative mischief by government-guaranteed banks is fast becoming a cumbersome parody of itself.

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

David Paul | Posted 04.20.2012 | Business
David Paul

Our finance industry is on the attack again. The industry target now is the Volcker rule -- the proposed rule that would limit the ability of banks to trade for their own account. Leading the attack has been JPMorgan CEO Jamie Dimon.

Tyler Cowen Tackles the Big-bank Problem

Robert Teitelman | Posted 04.17.2012 | Business
Robert Teitelman

Over the weekend, Tyler Cowen put up a column in The New York Times arguing a) that financial institutions should not be broken up and b) that shareho...

Mark Gongloff

Wall Street Fears Volcker Rule Will Force Testosterone Monitoring | Mark Gongloff | Posted 02.13.2012 | Business

It will hurt big banks and small banks, foreign banks and domestic banks, state and local governments, big corporations and the poor. It may well make...

Alexander Eichler

Why Does Wall Street Make So Much Money? | Alexander Eichler | Posted 01.21.2012 | Business

Payouts declined on Wall Street this year, as the major financial firms tried to steer through several quarters of lawsuits, layoffs, jittery markets,...

5 Ways You Can Occupy Wall Street

Edward Murray | Posted 02.14.2012 | Politics
Edward Murray

Thousands of people across the world are actively maintaining the front line of the Occupy movement; this article is not for those people.

An Offer to the President

Robert Reich | Posted 02.13.2012 | Politics
Robert Reich

We heard what you said last week about the dangers of the increasing concentration of income and wealth at the top. We agree. And many of us are prepared to work our hearts out to get you reelected -- as long as you commit to doing what needs to be done in your second term.

How Did We Get Here?

Paul J. Stockinger | Posted 02.13.2012 | Business
Paul J. Stockinger

How did this happen? What caused this giant Wall Street calamity? What can be done to put things right, so it doesn't happen again?