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Too Big to Fail

'13 Bankers': How Big Are The Biggest Banks? If Derivatives Aren't Counted We Won't Know

James Kwak | Posted 05.25.2011 | Home
James Kwak

We need to have a more accurate grip on just how big our largest financial institutions already are, in order to show how much damage could be caused to the financial system in a crisis.

In The Public Interest: My Top Ten List of Things to Watch For at Today's Wall Street Reform Conference

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

The good news is that both the House and Senate passed Wall Street reform bills including a strong, new, independent consumer agency.

Stop Talking About "Breaking Up The Banks" -- Size Is Not the Problem

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The right way to eliminate "Too Big To Fail" is to create a mechanism by which any financial institution can fail without taking the system down with it.

The Best Solution to Vampire Squid? Calamari

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

The financial services reform bill will be debated in the Senate next week. The great test for the bill will be what it does to rein in Goldman Sachs,...

The President Has Spoken. Now Let's Help Him Act.

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Obama's speech walked a line between vision and reality. At times it seemed an internal dialog between the technocrat who sees the problems and how to fix them, and the pragmatist who wants to reap the rewards from whatever bill gets passed.

Fraud in Banking, Fraud in Message

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

The banking wars are in full scale battle mode. We are going to see a lot more of this faux populism paid for by bailed out bankers before the year is through, and progressives have to be quick to expose it.

Will the Real Obama Please Stand Up for Reform? Six Ways to Know if the Financial Reforms Are for Real

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

Obama's working from a flawed theory: "There is no dividing line between Main Street and Wall Street. We are all in this together as one nation." Really? The entire story of this crisis is about how we are not in this together.

How to Fix the Wall Street Reform Bill

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Washington has tied itself in knots trying to find a way to thwart "too big to fail" without cutting megabanks down to size. It can't be done. When something is too big, the solution is to make it smaller.

Shahien Nasiripour

Obama Cooper Union Speech: Financial Reform Speech To Keep Pressure On Wall Street | Shahien Nasiripour | Posted 05.25.2011 | Business

With Goldman Sachs's top leaders in attendance, President Barack Obama urged financial executives to work with him in passing the financial reform bil...

The Speech: The Good, The Bad and The Missing

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

The revolving door between government regulators and the high-paying banks they supposedly regulate remains as fluid as ever. None of what Obama said today matters while our cops still work for the crooks.

Make the Call or Get Out of the Booth: After the President's "Wall Street" Speech

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The president's rhetoric today at Cooper Union was commendable. But there is still the awkward question of legislation that would actually reduce the political power of big banks.

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.

Financial Reform: What Should The President Say On Thursday?

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

On Thursday, President Obama will give one of the defining speeches of his presidency. Most presidents are remembered for only 2 or 3 policies or eve...

Is Being Anti-Goldman Sachs Being Anti-American?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The real scandal of the entire bailout mess was how money was funneled through AIG to pay "counterparties" like Goldman Sachs 100 cents on the dollar.

Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

Financial Debate Renews Scrutiny On Size Of Banks

New York Times | Posted 05.25.2011 | Business

As the debate over the regulatory overhaul heated up this week, a populist minority in both Congress and the Fed requested a revisit to the size issue...

Time To Declare War on Big: Killing America's Giants

Rob Kall | Posted 05.25.2011 | Business
Rob Kall

Big corporations destroy cultures.

You Think The Government Doesn't Want Big Banks? Think Again

Tyler Cowen | Posted 05.25.2011 | Home
Tyler Cowen

How much political power do the big banks have? I'd like to air a skeptical note and ask whether they're really running the show. To most people t...

George Carlin Was Right, About the Death Penalty and Bankers

Richard Greener | Posted 05.25.2011 | Business
Richard Greener

George Carlin didn't quite live long enough to see the Great Wall Street Heist of 2008. But it doesn't take much to imagine his reaction to "Too Big To Fail."

Golden Bull

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Republicans are threatening to filibuster a bill to regulate the big banks and hedge funds that trashed our economy and that would be the greatest gift they could possibly give Democrats.

It's Time to Cut Goldman Sachs and the Rest of Them Down to Size

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.

Goldman Sachs: Too Big For Jail?

Don McNay | Posted 05.25.2011 | Business
Don McNay

Just because the SEC filed a lawsuit, it doesn't mean they will win. Goldman Sachs could easily prevail. Before we start breaking out the champagne, let's look at what is actually going on.

'Move Those Dollars': Anti-Usury Campaign Shares Principles With Move Your Money (VIDEO)

Posted 05.25.2011 | Business

It may have sounded like music to the ears of Move Your Money proponents. Chants of "move those dollars" and "move that money" rang out last week i...

Thomas Hoenig: Top Fed Official Says Financial Reform Favors Wall Street Over Main Street

New York Times | Posted 05.25.2011 | Business

Unfortunately, the proposal for regulatory reform now before the Senate does not eliminate the concept of too-big-to-fail, and it deliberately narrows...

Ryan Grim

Senate Votes For Wall Street; Megabanks To Remain Behemoths | Ryan Grim | Posted 05.25.2011 | Business

A move to break up major Wall Street banks failed Thursday night by a vote of 61 to 33. Three Republicans, Richard Shelby of Alabama, Tom Coburn of O...