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Banking Crisis

Define "Extraordinary"

George Goehl | Posted 07.07.2012 | Business
George Goehl

We believe protest at the Bank of America meeting this year is not just normal -- it's the only response that makes sense. We don't want to protest Bank of America's shareholder meeting, but we have to, to protect our country from more unchecked corporate greed and abuse.

The Financial Horror Story Still Needs Telling

Mark Gongloff | Posted 06.24.2012 | Business
Mark Gongloff

Watch Money, Power and Wall Street: Part One on PBS. See more from FRONTLINE. Frontline's new documentary about the financial crisis probably do...

Ex-Iceland Prime Minister Faces No Punishment For Role In Financial Crisis

AP | ANNA ANDERSEN | Posted 06.23.2012 | Business

REYKJAVIK, Iceland — The leader of Iceland's government when the nation's banking system collapsed was convicted Monday of one criminal charge, ...

You've Come a Long Way, Ben

Robert Kuttner | Posted 06.15.2012 | Business
Robert Kuttner

Does Ben Bernanke deserve the accolade bestowed in the April Atlantic magazine cover profile, "The Hero?" Not entirely. But if you look at Bernanke over the past ten years, what you see more than anything else is a learning curve on matters of regulation.

Banks Were Too Big To Fail 200 Years Ago, Too

The Huffington Post | Mark Gongloff | Posted 04.11.2012 | Business

If you think American banks are too big to fail now, you should have seen them 200 years ago. Banks dominated the American corporate landscape in 1...

Getting Clear About Voting Independent

Mitchell J. Rabin | Posted 06.01.2012 | Politics
Mitchell J. Rabin

What matters is having a leader, not a politician, assume political office. And so I suggest that people look to break out of the two-party trance and take on a pro-active role in taking your government back to serve You, your family, your friends, your community.

Backpage Not Complying With Requests to Help Stop Sex Trafficking

Conchita Sarnoff | Posted 06.02.2012 | Impact
Conchita Sarnoff

Nicholas Kristof reported in Sunday's New York Times Magazine that Goldman Sachs owns a 16% stake of Village Voice Media.

Buddhist Economic Wisdom For Falling Back In Love With Mother Earth

John Stanley | Posted 05.30.2012 | Religion
John Stanley

Zen master Thich Nhat Hanh believes that putting an economic value on nature is not enough. Fundamental change can happen only if we fall back in love with our planet.

Too Smart To Fail

Thomas Frank | Posted 05.26.2012 | Books
Thomas Frank

In the twelve hapless years of the present millennium, we have looked on as three great bubbles of consensus vanity have inflated and burst, each with consequences more dire than the last. But what rankles now is our failure to come to terms with how we were played.

Spring Cleaning: U.S. Treasury Announces Dutch Auction; FDIC Closes Two More Ailing Banks

Dennis Santiago | Posted 05.26.2012 | Business
Dennis Santiago

The FDIC closed two banks last Friday. Covenant Bank & Trust in Rock Spring, Georgia and Premier Bank in Wilmette, Illinois succumbed to long-time stresses.

It May Be Just Dirt to Some, but to Small Business Owners, It's the Essence of Our Lives

D.J. Wilson | Posted 05.22.2012 | Small Business
D.J. Wilson

Small business made this country great and we can do it again. We can, better than anyone, insure people will stay in their homes by hiring back our talented workforce that has and will continue to be our nation's greatest asset.

Banks Could Learn a Thing or Two

James Perry | Posted 05.20.2012 | Business
James Perry

The principled belief that a stronger local, state and national community results in a stronger more consistent bottom line for lending institutions is not just feel good chatter. In fact, their existence relies upon this business principle.

The Fed's No Stress Stress Test

Laurence J. Kotlikoff | Posted 05.14.2012 | Business
Laurence J. Kotlikoff

Today's Wall Street Journal carried a cover story, "Stress Tests Buoy U.S. Banks." In fact, the stress tests showed exactly the opposite. Of the 19 ...

Big Bank Settlement Offers Cities Opportunity to Address Foreclosure Devastation - If They Take It

Dan Kildee | Posted 04.17.2012 | Business
Dan Kildee

The $26 billion settlement between state attorneys general, the federal government and five of the nation's largest banks offers a cautionary tale and some real opportunities for communities grappling with the foreclosure crisis.

Financial Regulators Don't Reflect America's Diversity

Preeti Vissa | Posted 04.16.2012 | Business
Preeti Vissa

Could the crisis have been averted if our financial regulators were more plugged into the communities that were hit first and hardest?

'Not So': Volcker Responds To Critics Who Say His Rule Will Wreak Havoc On Banks

The Huffington Post | Mark Gongloff | Posted 02.13.2012 | Business

Paul Volcker has two words for the people who say the new banking-sector rule that bears his name is going to wreak havoc on the financial system: "No...

The Mortgage Settlement's Huge Missing Piece: Do Detailed Enforcement Provisions Exist?

Bruce Judson | Posted 04.14.2012 | Business
Bruce Judson

Banks agreed to change their behavior as part of the robo-mortgage settlement announced last week. The announcement, however, left open critical quest...

The Real Estate Supertanker Is Turning

Rob Taub | Posted 04.14.2012 | Business
Rob Taub

For the last two years I've described the housing market as glacial, however, the ice is beginning a slow but steady thaw for the following reasons.

Is the Robo-Mortgage Scandal the Back-End of Tax Evasion and Fraud?

Bruce Judson | Posted 04.07.2012 | Business
Bruce Judson

The terms for the settlement of the robo-mortgage scandal and the states participating in the settlement are expected to be resolved soon. Unfortunat...

Four More Bank Closures Mark the Week of January 27, 2012

Dennis Santiago | Posted 03.28.2012 | Business
Dennis Santiago

The general pattern of the FDIC closing banks with weak operating characteristics and deepening asset quality troubles continues. The FDIC shuttered four additional banks today bringing the 2012 count to seven.

Sam Stein

Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability | Sam Stein | Posted 01.28.2012 | Politics

WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years...

Is Banking Immoral? Wrong Question.

Jedediah Purdy | Posted 03.21.2012 | Business
Jedediah Purdy

This is how we've learned to talk about our economy: as a matter of personal virtue and vice, from the overdrawn consumer to the one-percenter with the fifteen percent tax rate and some senators' private numbers in his iPhone.

Latin America: What's Ahead In 2012?

Nicolás Eyzaguirre | Posted 03.07.2012 | Business
Nicolás Eyzaguirre

A few days after the first sunrise of 2012 kissed the shores of Latin America, it is natural to ask: What does the New Year hold for the region's economies, especially with Europe still under stress?

Regulators Have Missed Three-Fourths Of Dodd-Frank Deadlines So Far

The Huffington Post | Alexander Eichler | Posted 01.04.2012 | Business

When the Dodd-Frank financial reform law became official in 2010, supporters hoped it would herald in a new era of sobriety and transparency for the f...

In Choosing a Bank, 'Be Careful Out There'

Russell Goldsmith | Posted 03.04.2012 | Business
Russell Goldsmith

While Occupy protesters have been criticized for failing to propose many real solutions, one thing they have proposed is that consumers "vote with their feet" by moving money out of the larger financial institutions.