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Bank Crisis

The 'Bankization' of America

Richard (RJ) Eskow | Posted 10.15.2013 | Politics
Richard (RJ) Eskow

We're becoming a financialized economy. Never before has the manipulation of money counted for so much and the real-world economy of people and consumer goods counted for so little. And none of it is an accident.

Senator Targets 'Too Big To Jail' Banks

The Huffington Post | Chelsea Kiene | Posted 03.28.2013 | Politics

Sen. Bernie Sanders (I-Vt.) is preparing to introduce legislation that would break up the notorious “too big to fail” banks, The Hill reported Wed...

Central Bank Fireworks

Michael Pento | Posted 09.04.2012 | Business
Michael Pento

It is clear that governments need to allow the deflationary deleveraging process to finally run its course, rather than continue to artificially prop up the economy by expanding public debt and having the central bank buy it all up.

FDIC Ends April 2012 Closing Five More Banks

Dennis Santiago | Posted 06.27.2012 | Money
Dennis Santiago

Like a wave of tornadoes touching down, the FDIC struck across the country on Friday shuttering five banks from coast to coast.

More Smoke and Mirrors From the Bank of America Pilot Program

D. Sidney Potter | Posted 06.03.2012 | Business
D. Sidney Potter

Three and a half years into this mess many banks are still resistance to "change." Why are most banks resistant? Because it's difficult, primarily.

The Rabid Dogs of Hypocrisy

Jim Worth | Posted 05.13.2012 | Politics
Jim Worth

Discontent is high on both sides of the political spectrum. These are the best of times and the worst of times -- a clash between the tea party and o...

Analyst Warns Of 2015 Bank Crisis

Bloomberg | Christine Harper | Posted 05.25.2011 | Business

As politicians, executives and financiers networked at parties and panels last week in Davos, Switzerland, Barrie Wilkinson was in a nearby hotel, war...

How The Financial Crisis Made Big Banks Bigger

The Atlantic | Daniel Indiviglio | Posted 05.25.2011 | Business

Banks are finally beginning to lend, the big ones that is. Commercial and industrial lending is up this quarter 0.2% from the third quarter, according...

FDIC Launches Criminal Investigations Of 50 Failed Banks

Wall Street Journal | Posted 05.25.2011 | Business

The Federal Deposit Insurance Corp. is conducting about 50 criminal investigations of former executives, directors and employees at U.S. banks that ha...

PHOTOS: 9 Killer Brands Launched During Downturns

The Huffington Post | Nathaniel Cahners Hindman and Nicole Hardesty | Posted 05.25.2011 | Business

History shows that it's often during dips in the business cycle, when companies are failing in droves and the economy is rife with uncertainty, that b...

Canadian Banking Is Not The Answer

New York Times | PETER BOONE AND SIMON JOHNSON | Posted 05.25.2011 | Business

...

My Big Fat Greek Bailout

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Will the rich nations of the EU live up to their vows and come to the rescue of troubled Greece? Will the EU allow a new suitor, the IMF, to come to the rescue?

Recovery? Try End of 2011

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The bottom line is we're at the end of the beginning, not the beginning of the end.

Obama To Roll Out Vast Overhaul Of System That Governs Wall Street, Banks

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial...

Plan B On The Big Banks

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Obama has clearly chosen a path for the economy, and those of us with a different idea about how to work on these issues have to live with the fact that we have lost the debate, for now, inside the administration.

Bernanke, Paulson should be charged with securities violations

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The Wall Street Journal story today reveals that the Bank of America's CEO claims he was told by Bernanke and Paulson to remain silent about the disas...

Confidence Game

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

The same Treasury department that did not hesitate to fire GM's CEO seems determined to keep zombie banks and their zombie managers intact at all cost. And all cost, in this case, could be trillions.

Big Bank Stress Tests To Begin Soon

CNBC | Posted 05.25.2011 | Business

U.S. financial regulators will soon launch a series of "stress tests" to determine which of the largest U.S. banks may need additional capital cushion...

Herbert Hoover Copycat: How the Current Financial Rescue Schemes are Following Hoover's Failed Model

Ismael Hossein-zadeh | Posted 05.25.2011 | Politics
Ismael Hossein-zadeh

The deepening and protraction of the crisis is largely due to policy makers' subservience to the interests of Wall Street gamblers -- shirking their responsibility to protect people's interests.

Obama's Big Bang Could Do the Trick

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

What appears to be looming is a massive pre-emptive devaluation of the U.S. dollar as Team Obama readies itself to announce the "Big Bang."

Depression Economics Explained, Part 2: The Credit Crunch

Zack Exley | Posted 05.25.2011 | Business
Zack Exley

People are desperate for an explanation of the economy that actually makes sense and they're not getting it from the experts.

Bank Regulation Isn't Enough, We Need Parasite Repellent

Philip Slater | Posted 05.25.2011 | Politics
Philip Slater

Sure, it's always a good idea to lock your door when the crime rate is high, but it doesn't reduce the crime rate. The current crisis suggests we nee...

Cost of Forest Loss Exceeds Current Banking Crisis

Janet Ritz | Posted 05.25.2011 | Green
Janet Ritz

The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study.

Europeans Scramble To Save Failing Banks

AP | MATT MOORE | Posted 05.25.2011 | Business

STOCKHOLM, Sweden — Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real...

Foreign Banks May Be Included In Bailout

Politico | Mike Allen | Posted 05.25.2011 | Business

In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department's ...