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Too Big to Fail

Education Dept. Sent Corinthian Students to Westwood, Now Westwood Is Closing

David Halperin | Posted 02.09.2016 | Business
David Halperin

Last spring, when for-profit Corinthian Colleges abruptly shut down under the weight of allegations of deceptive acts, Corinthian students had a choice under U.S. Department of Education rules. Now what?

Beyond Wall Street: Transforming the Way We Use Capital

Don Shaffer | Posted 02.03.2016 | Impact
Don Shaffer

By Don Shaffer I've been talking to a lot of people lately about RSF Social Finance's decision to walk off Wall Street, and urging others to consid...

Elizabeth Warren: American Justice Is 'Rigged' In Favor Of The Rich

The Huffington Post | Zach Carter | Posted 02.03.2016 | Politics

WASHINGTON -- In a scorching speech from the Senate floor on Wednesday, Sen. Elizabeth Warren (D-Mass.) said the American criminal justice system is ...

The Clinton Team Is Writing 'Too Big To Fail' Out Of The Financial Crisis

The Huffington Post | Zach Carter | Posted 01.21.2016 | Politics

Here’s a term you may remember from 2008: "too big to fail." It was the title of a best-selling book and an Emmy-nominated movie,&nbs...

We Need a Revolution

Walker Bragman | Posted 01.19.2016 | Politics
Walker Bragman

...

Bigger Isn't Always Better and Relationships Are Key

John Burnett | Posted 01.12.2016 | Business
John Burnett

Now that I have your attention, we can talk about the financial service needs of the working poor comprised of the financially disenfranchised, immigrants and lower tier of the middle class and which type of banking institution is positioned to best meet their needs.

On Wall Street Reform, Bernie Sanders Is the Democrat and Clinton is the Republican

H. A. Goodman | Posted 01.06.2016 | Politics
H. A. Goodman

In 2016, only Bernie Sanders wants to address the structural issues leading to the financial crisis, while POLITICO once referred to Hillary Clinton as "Wall Street Republicans' dark secret."

Bernie Sanders References Gordon Gekko: 'Greed Is Not Good'

The Huffington Post | Zach Carter | Posted 01.05.2016 | Politics

WASHINGTON -- Presidential hopeful Bernie Sanders on Tuesday sharply criticized Democratic front-runner Hillary Clinton during a fiery Manhattan spee...

The Need for Transparency and Consistency in the Designation Process Of Global Insurers

Douglas Holtz-Eakin | Posted 12.07.2015 | Business
Douglas Holtz-Eakin

The average American couldn't pick the Financial Stability Board (FSB) out of a lineup. But every fall this shadowy group of international regulators ...

Why We Decided to Walk Off Wall Street

Don Shaffer | Posted 11.18.2015 | Impact
Don Shaffer

The only solution is for each of us to pull our money from publicly traded stocks and bonds. It's not that the companies or the people who work for them are bad, but that the trading system is being manipulated by a few people who are driven to make as much money as they can in the shortest time possible.

How a Twitter Campaign Can Help #DownSizeBigBanks

John Tuttle | Posted 11.05.2015 | Politics
John Tuttle

Hillary and her #WallStreetDemocrats apparently believe that it is okay to continue to have financial institutions that are Too Big To Fail. Her plan is to always have enough complex rules and regulations in place to control their increasingly complex investment schemes.  

Elizabeth Warren Warns Democrats Against Wall Street Defections

The Huffington Post | Zach Carter | Posted 11.02.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) on Monday warned House Democrats to oppose a series of GOP-backed bills designed to roll back the 2010 ...

Glass-Steagall's Political Firewall

Adam Levitin | Posted 10.27.2015 | Politics
Adam Levitin

Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.

Elizabeth Warren Won The First Democratic Debate

The Huffington Post | Zach Carter | Posted 10.16.2015 | Politics

So, that happened. Pundits say Hillary Clinton won the first Democratic presidential debate. Online polls and focus groups say Bernie S...

Hillary Clinton's Wall Street Reform Plan Is A Rebuke To The Obama Administration

The Huffington Post | Zach Carter | Posted 10.08.2015 | Politics

WASHINGTON -- Hillary Clinton on Thursday detailed her plans to crack down on risky Wall Street behavior, delivering a sharp rebuke to the Obama admi...

Bernie Sanders: 'Not Acceptable' To Jail Young Pot Smokers And Let Big Bank CEOs Walk

The Huffington Post | Zach Carter | Posted 09.11.2015 | Politics

WASHINGTON -- Democratic presidential hopeful Bernie Sanders isn't terribly impressed with a new Department of Justice pledge to get serious about wh...

DOJ Swears It Will Get Tough On The Next Wall Street Crash

The Huffington Post | Zach Carter | Posted 09.11.2015 | Politics

WASHINGTON -- The Department of Justice is finally drawing the curtain on what may be its defining project of the Obama era: the refusal to prosecute...

Obama Administration Helps Wall Street Criminals Dodge Accountability

The Huffington Post | Shahien Nasiripour | Posted 09.01.2015 | Politics

Citigroup and JPMorgan Chase appeared to score a significant victory Tuesday after the Department of Housing and Urban Development suggested it won't ...

How The Obama Administration Is Helping Big Bank Felons

The Huffington Post | Shahien Nasiripour | Posted 08.11.2015 | Politics

With the blessing of the White House and the Justice Department, the Department of Housing and Urban Development is attempting to sneak through a...

The American People Deserve to Know Where Candidates Stand on Glass-Steagall

Dennis M. Kelleher | Posted 07.30.2015 | Politics
Dennis M. Kelleher

As the campaign continues, voters deserve to know whether each candidate supports reinstating a Glass-Steagall-like law or other concrete proposals that will protect America's hardworking families and take them off the hook for future bailouts.

Financial Reform Helping Protect Families From Another Devastating Crash

Dennis M. Kelleher | Posted 07.22.2015 | Politics
Dennis M. Kelleher

The facts of the crisis also make clear that the impacts did not know partisan boundaries. In fact, the economic wreckage from the 2008 financial crash hit every state in the country, regardless of whether the state voted for the Republican or Democratic candidate for President.

Financial Reform 5 Years Later: Promise Unfulfilled

Preeti Vissa | Posted 07.19.2015 | Politics
Preeti Vissa

It's been five years since President Obama signed the Dodd-Frank financial reform act on July 21, 2010, saying the law would "lead all of us to a stronger, more prosperous future." Despite some positive steps, that promise remains largely unfulfilled.

Dodd-Frank Turns Five

Douglas Holtz-Eakin | Posted 07.15.2015 | Business
Douglas Holtz-Eakin

Dodd-Frank turns five years old next week and the occasion merits a review of its success.

How Is Jamie Dimon Like a Smoker on an Airplane?

Lynn Parramore | Posted 06.18.2015 | Business
Lynn Parramore

Smokers selfishly pursued their own pleasure without facing up to the harm they were visiting on others. The rules offering a no-smoking section resemble the ineffective capital requirements that the industry lobbyists persuade regulators to adopt.

Why Presidential Candidates Are Talking About the Unique Threat Posed by Wall Street's Megabanks

Dennis M. Kelleher | Posted 06.16.2015 | Politics
Dennis M. Kelleher

The handful of Wall Street's sprawling too-big-to-fail "banks" pose a unique, dangerous threat to America's families, workers, financial system and economy, which their "hide and disguise" strategy tries to conceal.