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Too Big to Fail

Join a World-Wide Bank Run in December -- Move Your Money

Robert E. Prasch | Posted 05.25.2011 | World
Robert E. Prasch

"A spectre is haunting Europe." No, its not the revolution that Karl Marx supposed would come about. It is the simple act of removing all of our money from the big banks, and doing so en masse on the same day -- December 7th.

All the Devils Are Here: Best Business Book of the Year

Don McNay | Posted 05.25.2011 | Business
Don McNay

McLean and Nocera don't give us an idea as to where to look for angels. But the book is comprehensive, and I feel certain that all the devils are here.

North Dakota -- A Template For Our Economic Recovery

Pearl Korn | Posted 05.25.2011 | Business
Pearl Korn

The Bank of North Dakota has garnered attention for its continued profitability. Momentum is building for a sane kind of banking system that works for the people and state instead of the bottom line of banks and shareholders.

Hell With Congress -- We Need a Movement!

Bill Moyer | Posted 05.25.2011 | Politics
Bill Moyer

Change was never going to originate in Washington, D.C. Change is always catalyzed by social movements. The legitimate anger that animates the Tea Partiers may be misplaced, but most of us share their outrage at the system.

Consumers Should Be "Too Big to Fail"

Dr. Jim Taylor | Posted 05.25.2011 | Politics
Dr. Jim Taylor

As distasteful as it was to see the financial, insurance, and automotive industries bailed out for their greedy and reckless behavior, it seems clear ...

William Alden

Top Economist: Dodd-Frank Does Not Solve Too Big To Fail Problem | William Alden | Posted 05.25.2011 | Business

The Dodd-Frank financial reform law does not solve the problem of "too big to fail," the implicit government protection of large financial institution...

WATCH Joseph Stiglitz On Bailouts: 'Families Are As Important As Corporations'

DailyFinance | SAM GUSTIN | Posted 05.25.2011 | Business

During a wide-ranging interview with DailyFinance at AOL headquarters in New York City this week, Stiglitz, who served as chief economist of the World...

'Too Big To Fail' Plan Delayed Until 2011

Posted 05.25.2011 | Business

(SEOUL/BRUSSELS By Rachel Armstrong and John O'Donnell) - Steps to avoid "too big to fail" banks from destabilising markets and the world economy will...

Jason Linkins

John Thune Begins Potential 2012 Bid By Skirting TARP Vote | Jason Linkins | Posted 05.25.2011 | Politics

In a calmer climate, Senator John Thune (R-S.D.) makes for a credible presidential candidate. However, he carries with him what has turned out to be, in this election cycle, a black mark: He voted for the Troubled Asset Relief Program.

HuffPost Review: Freakonomics

Marshall Fine | Posted 05.25.2011 | Entertainment
Marshall Fine

As anthology films go, Freakonomics is an entertaining -- if occasionally scattershot -- documentary. But then, that was the nature of the book by Steven Levitt and Stephen Dubner, upon which the film was based.

Regulators Delay Vote On 'Too Big To Fail' Reform

Huffington Post | William Alden | Posted 05.25.2011 | Business

Regulators delayed Monday their vote on how to resolve the "too big to fail" problem, saying they needed at least another week to discuss their plan, ...

Summers Down, Fifty Odd More to Go

Charles Ferguson | Posted 05.25.2011 | Business
Charles Ferguson

The appointment of Elizabeth Warren and the departure of Larry Summers will not solve our problems, or even indicate that President Obama is interested in solving them.

Bailouts Don't Work: The Lotto Winners Study

Don McNay | Posted 05.25.2011 | Business
Don McNay

You can see why bailouts fail. Wall Street and lottery winners have a common bond. They have access to easy money without restraints.

The Hangover From America's Bailout Party (VIDEO)

Don McNay | Posted 05.25.2011 | Business
Don McNay

For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.

Shahien Nasiripour

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

Bernanke Tells FCIC: 'Too Big To Fail' Problem Must Be Solved

Posted 05.25.2011 | Business

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the ...

Lakeside Bank Is The One New Bank In 2010

The New York Times | ANDREW MARTIN | Posted 05.25.2011 | Business

The only new start-up bank to open in the United States this year operates out of a secondhand double-wide trailer, on a bare lot in front of the cave...

Bill Hurt To Star In HBO Financial Crisis Pic

Deadline | Posted 05.25.2011 | Business

HBO has set William Hurt to play Treasury Secretary Henry Paulson and Curtis Hanson to direct Too Big To Fail, a dissection of the 2008 financial cris...

Gretchen Morgenson: Financial Reform Bill FAILS To End 'Too Big To Fail'

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

After President Obama signs it into law, the nation's financial industry will still be dominated by a handful of institutions that are too large, too ...

America's Hangover From the Bailout Party

Don McNay | Posted 05.25.2011 | Books
Don McNay

I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.

Thomas Hoenig: 'Too Big To Fail' Threatens Small Banks

Posted 05.25.2011 | Business

America's "Too Big To Fail" banking institutions threaten the viability of community banks, a top Federal Reserve official said Monday. In prepare...

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Shahien Nasiripour

Federal Reserve's Low Rate Policy Is A 'Dangerous Gamble,' Says Top Central Bank Official | Shahien Nasiripour | Posted 05.25.2011 | Business

A top regional Federal Reserve official sharply criticized Friday the Fed's ongoing policy of keeping interest rates near zero -- and at record lows -...

Andrew Ross Sorkin Pays More Than Asking Price For New Apartment

Posted 05.25.2011 | New York

Hopefully Andrew Ross Sorkin did his research before buying his new apartment. The New York Times reporter recently paid $2.315 million for an apa...

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Business
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.