Six years after the financial crisis demonstrated that the mega-banks are too big to fail, regulators have now officially determined that more must be done before one can fail without triggering a bailout.
Speaking slowly and clearly, and especially speaking slowly and clearly in a monotone, is the best way to throw someone's concentration off. That's the technique Janet Yellen used this week in an attempt to throw Senator Elizabeth Warren off-balance during a financial hearing.
There are many who want the government to play a rule in reducing inequality. That might be a desirable goal. However a higher priority would be to have the government stop playing a role in increasing inequality as it does with its support for the financial industry.
How do I, as a victimized consumer, apply for said relief? You see, many of us used-to-haves out here in the real world are still trying to claw and scrape our way out of the hole these financial institutions dug for us to live inside.
Barack Obama's Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy.
Germany's respected Handelsblatt, that country's parallel to the Wall Street Journal, recently devoted an entire section and a featured interview to the deliberate and ongoing crushing of American Michael Winston's finances and spirit by one of our country's largest banks.
Elizabeth Warren and John McCain aren't often on the same side of a debate in Washington. But the freshman Democratic senator and the veteran Republican lawmaker do agree that banking should be simpler and safer.
The public's mood, despite years of attempts by most Republicans and many Democrats to placate them, is distinctly populist. And much of that populist sentiment is directed toward the financial institutions which have so badly damaged our economy.
Judith Rodin is president of The Rockefeller Foundation, which held $3.7 billion in assets as of its 2012 annual report. That year, the foundation distributed $130 million in grants and charitable activities while taking in a net investment income of $283 million.