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Systemic Risk

How Big Is Too Big? Two New Bills Try To Answer That Question | PETER BOONE and SIMON JOHNSON | Posted 05.25.2011 | Business

As legislation on restructuring the banking industry moves forward, attention on Capitol Hill is increasingly drawn to the issue of bank size. Should ...

"Too Big Too Fail" Bill Unveiled - A "Financial Superfund" To Rein In Big Banks

The Huffington Post | Ryan MCCarthy | Posted 05.25.2011 | Business

The Treasury Department and the House Financial Services Committee chairman Barney Frank (D - Mass.) last night unveiled a sweeping new bill that atte...

Risky Lenders Did More Aggressive Lobbying: IMF Report

Posted 05.25.2011 | Business

Over the last few few decades, financial lobbying yielded an incredible return on investment for Wall Street -- albeit, in the form of taxpayer bailou...

Shahien Nasiripour

House Panel May Keep Public In The Dark About Emerging Threats To Financial System | Shahien Nasiripour | Posted 05.25.2011 | Business

Members of Congress and the general public may not be told of "potential emerging threats to the stability of the financial system," thanks to a Thurs...

Only a New Global System Can Handle a World of Explosive Risk

Ian Goldin | Posted 05.25.2011 | Business
Ian Goldin

One lesson from the financial crisis is inescapable -- that the world's governing bodies, from the UN to the World Bank, from the G20 to the IMF, can no longer cope with systemic risks of these kinds.

Shahien Nasiripour

Systemic Risk Panel Would Lack Independence; Treasury Secretary Would Call The Shots | Shahien Nasiripour | Posted 05.25.2011 | Business

If the White House and congressional leaders get their way, the vaunted new oversight council charged with overseeing systemic risk in the financial m...

All I Want for Christmas Is Reasonable Regulation of the Financial Industry

Rep. Jackie Speier | Posted 05.25.2011 | Politics
Rep. Jackie Speier

You wouldn't buy a Christmas present for a loved one without knowing if it was safe. Reasonable regulation of the financial industry will provide consumers with the same confidence in financial products.

Shahien Nasiripour

RT @huffbusiness New "Too Big To Fail" Bill Gives Feds Power To Undo Dangerous Derivatives Contracts | Shahien Nasiripour | Posted 05.25.2011 | Business

The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...

Banking Regulation Needs to Confront Real Risks Presented by Financial Derivatives

David Paul | Posted 05.25.2011 | Politics
David Paul

Our banking system is structurally flawed, and the changes instigated by the passage of the Financial Services Modernization Act of 1999 should be fundamentally reconsidered.

Shahien Nasiripour

Banks Get Small Win On Accounting Standards | Shahien Nasiripour | Posted 05.25.2011 | Business

A House panel approved a provision Thursday that calls for a new oversight body dominated by bank regulators to advise on accounting rules for banks, ...

Regulating Systemic Risk and Banker Compensation Will Not Fix What Is Broken on Wall Street

David Paul | Posted 05.25.2011 | Business
David Paul

The incentives to make big bets and take big risks has survived, but without the accountability. Today, the US Treasury and the Fed are trying to hold the pieces together. But why?

An Open Letter to Paul Krugman

David K. Levine | Posted 05.25.2011 | Business
David K. Levine

Crises have been ubiquitous throughout history. While we can't forecast them we do know how to learn from them. And we certainly have a good idea what not to do in response.

Returning to the Scene of the Crime

Andrew Reinbach | Posted 05.25.2011 | Business
Andrew Reinbach

We can expect a new wave of mortgage-backed bond defaults to hit the headlines any day now.

Stop the Financial Services "Super Czar" (Updated)

Don McNay | Posted 05.25.2011 | Business
Don McNay

There has been talk about appointing a new "Systemic Risk Regulator." This "Super Czar" would oversee all of the financial services industry. We had a "Super Czar" last year. His name was Henry Paulson.