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Too Big to Fail

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.

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 | 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 06.29.2015 | 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 06.26.2015 | 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 | 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 | 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 | 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 ...