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FCIC Set To Question Bank CEOs About Financial Meltdown

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Two blocks from the Treasury, where the government not long ago scrambled to save a collapsing financial system, a team of investig...

1 Out Of 4 Borrowers In Anti-Foreclosure Program Are Late Paying New Mortgage Bill

Washington Post | Renae Merle | Posted 05.25.2011 | Business

So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an a...

Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Politics

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

Arianna Discusses Public's Bailout Anger On BBC's Newsnight

Huff TV | Posted 05.25.2011 | Home
Huff TV

Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society an...

Dodd's Bill Protects Customers From Abusive Overdraft Fees

Mary Ann West | Posted 05.25.2011 | Business
Mary Ann West

Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.

Why Our Jobs Crisis From Hell Could Last Decades

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Remarkably, the America of 2010 is exporting raw materials and importing high tech renewable energy products. And this is happening less than 100 miles from Redmond, the home of Microsoft.

Rewarding Failure: The Bail-Out Bonuses on Wall Street Continue

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.

Haiti Credit Card and Bank Donations: Companies Must Use Their Consciences

Rep. Betsy Markey | Posted 05.25.2011 | Denver
Rep. Betsy Markey

We await word from Citigroup, JP Morgan Chase, Wells Fargo, and Bank of America. My hope is that they will make sure that every dollar donated to earthquake relief gets directly to the people of Haiti.

NY Post: Obama Was Nice To Bankers Despite 'Fat Cat' Remark

New York Post | Charles Gasparino | Posted 05.25.2011 | Business

In public, President Obama is on a tear against Wall Street. In private, not so much Over the weekend, Obama attacked fat-cat investment bankers, te...

Goldman Sachs does God's Will while 49 Million go Hungry

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The Department of Agriculture reports that 49 million Americans don't have enough food. That's up 13 million over the last year and is highest number ever recorded since the survey began 14 years ago.

Barney Frank Disagrees With Obama On Fund, May Face Fight With Some Firms

bloomberg.com | Alison Vekshin | Posted 05.25.2011 | Politics

Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...

Showdown in Chicago: Creating a "Which Side Are You On" Moment

George Goehl | Posted 05.25.2011 | Business
George Goehl

Until our elected officials know there is a price to pay for siding with big money over everyday people, the average American will continue be on the losing end.

Are You Making the Most of the First Six Months?

Jon Younger | Posted 05.25.2011 | Business
Jon Younger

How do you make the most of the opportunity to bind new employees to the organization through the ways you induct, orient and initially support an employee's cultural integration?

Why Growing Income Inequality Is Bad for America

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The CEO of the average company in the S&P Index makes $10.5 million. That means that on the first workday of the year, he (sometimes she) has made more than the minimum wage workers in his company will make all year.

Stop Socialism for the Rich: Nationalize Wall Street

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We should give strong consideration to nationalizing the largest banks in order to run them like public utilities. We also should consider placing banking employees into the civil service system to end the ridiculous wage distortions.

Bomb Appalachia (and Face the Music)

Michael Gould-Wartofsky | Posted 05.25.2011 | Green
Michael Gould-Wartofsky

Theirs is a coast-to-coast campaign to save Appalachia's mountains and streams -- and Appalachians' homes, jobs, and culture -- from the devastating coal mining practice known as mountaintop removal.

Why Billionaires Should Pay for the Jobless Recovery

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.

Government Aid Fueled Surge On Wall Street

New York Times | GRAHAM BOWLEY | Posted 05.25.2011 | Business

It may come as a surprise that one of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington. Many of the step...

Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 05.25.2011 | Politics

Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, B...

Question for the Fed and G-20: Why Are Our Banks Running Commodity Casinos?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is sheer madness, after recent history, to permit banks to become commodity traders, especially with our money. In the old days, commodity traders put their own money on the line.

Credit Card Nightmare: One Lost Check And A Lifetime of Bankruptcy

Posted 05.25.2011 | Business

This story is part of Bearing Witness 2.0. HuffPost has received hundreds of emails from people making tremendous sacrifices in order to weather ...

Bank of America Pushes Online Banking Over Local Branches

Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 05.25.2011 | Business

Bank of America Corp., a pioneer in banking online and through mobile phones, said Tuesday that it was considering closing up to 10% of its 6,100 offi...

Big Banks to American Public: "Screw You"

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Roosevelt Braintruster Marshall Auerback wonders why bailed-out banks are getting giddy with dangerous speculation and sky-high bonuses when the rest of us are still dealing with financial chaos.

Buyer Beware: Bankers Selling Administration on Watered-Down Financial Regulation

Louise Marie Roth | Posted 05.25.2011 | Business
Louise Marie Roth

It seems good that taxpayers aren't bankrolling the Wall Street giants anymore, but now they aren't accountable either. The only way to make them accountable is to regulate them effectively.

The Return of Gordon Gekko

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Wall Street speculation has it that some investors may have been privy to government actions involving a number of these banks at the outset of the financial crisis or to their financial results.