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Banking 2012: Maneuvering to Survive the Desert Landscape of Zero Interest Rates

Dennis Santiago | Posted 04.07.2012 | Business
Dennis Santiago

Simply put, with zero interest rates pushing operating margins down to nothing, the only thing starving bankers have left to do to survive the drought is cannibalize the industry.

Zach Carter

President Obama's New Financial Crimes Team Has Bank Ties

HuffingtonPost.com | Zach Carter | Posted 01.30.2012 | Politics

WASHINGTON -- President Barack Obama vowed during Tuesday's State of the Union Address to establish a new financial crimes unit dedicated to investiga...

Zach Carter

Former Lawmaker Decries Corporate Control Of Government

HuffingtonPost.com | Zach Carter | Posted 10.24.2011 | Politics

WASHINGTON -- Lawmakers rarely speak candidly about the relationship between large corporations and government, avoiding the ugly realities surroundin...

Shahien Nasiripour

A Year After Dodd-Frank, Too Big To Fail Remains Bigger Problem Than Ever

HuffingtonPost.com | Shahien Nasiripour | Posted 09.19.2011 | Business

WASHINGTON -- A year after Congress passed a landmark law intended to tame the excesses that produced the financial crisis, some experts contend that ...

Wall Street Will Soon Learn Real Effects Of Financial Reform

Posted 09.17.2011 | Business

WASHINGTON (Dave Clarke) - Wall Street will soon get an idea of just how far the regulatory pendulum will swing. A year after passage of the Do...

Marcus Baram

Army Probes Big Pharma Payments To Military Doctors

HuffingtonPost.com | Marcus Baram | Posted 08.20.2011 | Business

The U.S. Army is probing payments by pharmaceutical companies to military physicians in the wake of a recent settlement between Novo Nordisk and the J...

Too Big To Fail, Or Too Trifling For Oversight?

New York Times | Posted 08.12.2011 | Business

It is not very often that business people head to Washington to explain how unimportant they are. But over the last several months, executives from...

FDIC Chair: Divide Banks Into High-Risk, Low-Risk Sections

The Huffington Post | Maxwell Strachan | Posted 06.18.2011 | Business

With her time winding down as head of the Federal Deposit Insurance Corporation, Sheila Bair has suggested the U.S. follow a British proposal that cou...

Zach Carter

Liberal Think Tank Parrots Bank Lobby

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Business

The following is produced in partnership with The Dylan Ratigan Show's weeklong "No Way To Live" series on the financial crisis and its impact on ordi...

Fed Governor: Too Big To Fail Is Worse Than Ever

New York Times | Thomas M. Hoenig | Posted 05.25.2011 | Business

THE world has experienced a severe financial crisis and economic recession. The Treasury and the Federal Reserve took actions that saved businesses an...

Zach Carter

Community Banks Win By Losing: Inside The K Street Hustle

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON - During the fight over Wall Street reform, community banks were most often pitted against their behemoth rivals. Small banks, which hold g...

Shahien Nasiripour

Megabanks Will Shrink, Bernanke Tells Financial Crisis Commission, Yet Doubts Over Too Big To Fail Remain

HuffingtonPost.com | Shahien Nasiripour | Posted 09.02.2010 | Business

In one of his most definitive statements on the subject to date, the nation's central banker said Thursday that he expects some of the nation's megaba...

Wall Street Reform: Five Key Fights After the Bill Is Signed

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

The Wall Street bill has much to be said for it, but the unfortunate truth is that it ducks several of the most critical reforms needed to protect our economy from banker abuse.

Weekly Audit: Why Elizabeth Warren Should Head New Consumer Financial Protection Bureau

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger With the Wall Street reform bill finally cleared through Congress, activists and intellectuals are pushin...

Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

Shahien Nasiripour

Mutual Fund To No Longer Invest In 'Too Big To Fail' Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top-ranked mutual fund will no longer invest in "Too Big To Fail" banks, announcing Thursday it would extend a prohibition already in place against ...

Congress Goes to Bat for Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

No matter what else is ultimately enacted in the name of Wall Street reform, Congress decided last night that it will not confront the single greatest problem in the U.S. economy: Too Big To Fail.

Shahien Nasiripour

Geithner Admits Regulatory Failures, Reiterates Support For Empowering Regulators

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner and the Federal Reserve's longest-serving top official reiterated their calls Thursday to rein in the nation's fin...

J.P. Morgan Still Hates the Economy

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

J.P. Morgan's Chief Economist James Glassman recently indulged in a vaguely worded assault on financial reform, arguing that Congress is about to ruin the economy by cracking down on Wall Street. Don't believe a word of it.

Ryan Grim

Durbin, Number Two Senate Democrat, Backs Breaking Up Banks

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Dick Durbin (D-Ill.), the Senate's number two Democrat, took to the floor Tuesday to back an amendment to Wall Street reform that would break up big b...

Too Big To Jail? Executives Unscathed As Regulators Let Banks Report Criminal fraud

Huffington Post Investigative Fund | David Heath | Posted 05.25.2011 | Business

Republished from the Huffington Post Investigative Fund. The financial crisis has spawned hundreds of criminal prosecutions for alleged fraud. Yet ...

Republicans Filibuster Our Financial Future

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

With two-thirds of the nation supporting reform, any political party that throws in its lot with Wall Street will pay a major price come November. No amount of Wall Street campaign cash can counter voter outrage.

After Bastille Day: Is There a Future for Big Banking?

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

As bank reform continues to grind through Congress something sorely lacking so far is concentration on safely managing down "points of risk" from Too Big Too Fail business models.

Larry Summers Is Lying About Big Banks

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Today's megabanks aren't just too-big-to-fail, they're too-big-to-regulate. If Democrats want to salvage their political credibility, they now have no choice now but to push to break up the banks.

Too Big to Fail and the Real World

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

If we want regulators who stand a chance against the institutions they are regulating, we should not want institutions that are as large and politically powerful as the too big to fail banks.