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Too Big to Fail

Is Dodd-Frank Really Under Attack?

Douglas Holtz-Eakin | Posted 05.21.2015 | Business
Douglas Holtz-Eakin

Dodd-Frank is a sweeping regulatory initiative and there is no reason to believe that Congress got it right the first time around. It did not. But it is equally unrealistic to equate any small attempt to improve it as a wholesale assault on the desirable goal of avoiding a future financial crisis.

Michael McAuliff

Bernie Sanders Tries Again To Break Up Too-Big-To-Fail Banks

HuffingtonPost.com | Michael McAuliff | Posted 05.12.2015 | Politics

WASHINGTON -- Sen. Bernie Sanders (I-Vt.) said Wednesday that Congress probably lacks the will to challenge Wall Street, but nevertheless vowed to try...

If We Don't Fix the Banking House of Cards, It Will Fall on Us Again

Lynn Parramore | Posted 04.29.2015 | Business
Lynn Parramore

Anat Admati, who teaches finance and economics at the Stanford Graduate School of Business, is co-author of The Bankers' New Clothes, a classic account of the problem of Too Big to Fail banks.

Is There an Actual 'Too Big to Fail' List?

Kevin Price | Posted 04.27.2015 | Business
Kevin Price

Recently I was visiting with a friend of mine who happened to discuss a "too big to fail" list that the federal government has created and sanctioned....

Zach Carter

Elizabeth Warren Hammers The Endless Failures Of Wall Street Regulators

HuffingtonPost.com | Zach Carter | Posted 04.15.2015 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) assailed the nation's top bank regulators on Wednesday for coddling Wall Street offenders and ducking th...

Zach Carter

General Electric Hands Dodd-Frank Its Biggest Victory Yet

HuffingtonPost.com | Zach Carter | Posted 04.10.2015 | Politics

WASHINGTON --General Electric said Friday it will sell off most of its banking operations, an acknowledgment that the company needs to transform itsel...

Big Banks Abuse Consumers and Shake It Off

Jorge Newbery | Posted 05.30.2015 | Business
Jorge Newbery

When the US Justice Department announced last August that it was levying a $17 billion penalty against Bank of America for its role in bringing on the mid-2000s housing crisis, pundits said the sheer size of the fine would make all banks take notice.

The Republican Budget Opens Taxpayers' Wallets to Bail Out Wall Street - Again

Dennis M. Kelleher | Posted 05.25.2015 | Politics
Dennis M. Kelleher

The effort to repeal Orderly Liquidation Authority would be such a gift to the biggest Wall Street banks. Without that authority, Wall Street would be assured that no matter how big the risks they take, the American taxpayer could be forced to bail them out.

Shahien Nasiripour

Here's The Biggest Big Bank Mystery

HuffingtonPost.com | Shahien Nasiripour | Posted 03.11.2015 | Politics

Some of the biggest U.S. banks think they’d fare much better in a severe economic downturn than the Federal Reserve forecasts. Their executives and ...

Davos & Disruption Done Right: In Praise of "Difficult Women" in Finance

Janine R. Wedel | Posted 04.07.2015 | Business
Janine R. Wedel

Women are still most definitely outsiders in places that matter, not least in finance. And we saw last fall what a Wall Street outsider can uncover, just the latest woman in finance to blow the whistle.

Meet the New HSBC ...

Andrew Perez | Posted 04.01.2015 | Politics
Andrew Perez

In her confirmation hearing this week to become the next U.S. attorney general, Loretta Lynch said that "no individual is too big to jail" and "no one is above the law." But, at least in one recent case in which Lynch was a key player, this may not be accurate.

Would an Attorney General Loretta Lynch End 'Too Big to Jail'?

Bartlett Naylor | Posted 03.29.2015 | Business
Bartlett Naylor

On Jan. 28, 2015, the Senate Judiciary Committee opens two days of hearings to consider President Obama's nomination of Loretta Lynch to be Attorney General of the United States. Here are some questions that senators should ask to make sure that size no longer shields a company from the rule of law.

Republicans and Wall Street Say, 'To Hell With Protecting the Public!'

Bill Moyers | Posted 03.22.2015 | Politics
Bill Moyers

[Banks] want to be able to do things their way, and that's very dangerous," MIT economist Simon Johnson tells me. "'Here we go again' -- I think that's the motto for this Congress."

How Wall Street Occupies America: Rising Debt and Runaway Inequality

Les Leopold | Posted 03.16.2015 | Business
Les Leopold

Between the New Deal and the 1970s, Wall Street was tightly controlled. Taxes on the wealthy were high, worker wages were rising, and debt levels on consumers, companies and government were low. After finance wriggled free from these regulations private and public debt exploded, wages stalled, taxes on the rich fell and inequality soared.

JP Morgan Chase, Bernie Madoff's $64.8 Billion Ponzi Scheme and Crime on Wall Street

Dennis M. Kelleher | Posted 02.18.2015 | Business
Dennis M. Kelleher

Despite a deep, close and extremely lucrative relationship that lasted decades, JP Morgan Chase wasn't even required to publicly disclose the information that detailed its complicity in Madoff's scheme, including how much money it made and how.

The Speech That Could Make Elizabeth Warren the Next President of the United States

Miles Mogulescu | Posted 02.11.2015 | Politics
Miles Mogulescu

Elizabeth Warren represents a new politics in which, by challenging the power of the oligarchy, she has the potential of reclaiming the white working class for Democrats and uniting them with the coalition of professionals, single women, gays and minorities who elected Obama.

A New 'Too Big to Fail' Bank for the 1 Percent

Preeti Vissa | Posted 02.08.2015 | Business
Preeti Vissa

The Federal Reserve should reject the CIT/OneWest merger application. At the very least, regulators should stop the clock, hold public hearings and get some real community input before allowing this dangerous deal to proceed.

Zach Carter

The Fed Just Acknowledged Its Too Big To Jail Policy

HuffingtonPost.com | Zach Carter | Posted 11.22.2014 | Politics

WASHINGTON -- The federal government until recently shielded big banks from criminal prosecution out of concern that convictions may damage the financ...

Too Big Fails

Frank A. Weil | Posted 01.19.2015 | Business
Frank A. Weil

Left behind from that intense period of TOO BIG TO FAIL were the questions of why institutions were allowed in the first place to get too big and what could/should have been done to prevent them from getting that big. The questions then that drew the most attention were more regulations about balance sheet management and regulation, not the many other serious questions of problems with gigantism.

Big Banks Must Dare to Think the Unthinkable

Spiros Margaris | Posted 01.10.2015 | Business
Spiros Margaris

My proposal is a business model for big banks that will ensure a truly independent and conflict-free asset management, free from the influence of the bank's House View.

With Economic Justice For All

The Alternative Banking Group of OWS | Posted 01.11.2015 | New York
The Alternative Banking Group of OWS

With the nomination of Lorretta Lynch for attorney general, it is a crucial time to learn from past mistakes and oversights. We call on Lynch to learn from the past and work towards true accountability and fairness for all.

Credit Suisse: Crime Without Punishment

Bartlett Naylor | Posted 12.14.2014 | Business
Bartlett Naylor

If punishment is meant to deter crime, then perhaps the reason Wall Street seems undeterred from committing crimes is the fact that it doesn't face punishment.

Watch: Too Big to Jail?

Bill Moyers | Posted 12.06.2014 | Politics
Bill Moyers

Attorney General Eric Holder's resignation last week reminds us of an infuriating fact: No banking executives have been criminally prosecuted for their role in causing the biggest financial disaster since the Great Depression.

Shadee Ashtari

Attorney General Calls For Bigger Rewards For Wall Street Whistleblowers

HuffingtonPost.com | Shadee Ashtari | Posted 09.17.2014 | Politics

Attorney General Eric Holder is urging Congress to increase the amount of cash rewards federal prosecutors can pay whistleblowers that turn over evide...

A Main Street Way to Help Obese People

Don McNay | Posted 10.24.2014 | Business
Don McNay

"Don't you know things can change Things'll go your way If you can hold on for one more day" -Wilson Phillips I'm 55 years old and morbidly obese. ...