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Banking Reform

Debt Ceiling (Foolishness in Action)

Asher Edelman | Posted 11.27.2013 | Business
Asher Edelman

Perhaps just the threat of this equitable solution will move the small thinking destructive clique, who would ransom the world economy to further political goals, to move on and deal with politics in a more reasoned manner.

Calling All Baby Boomers

Susan Rhea | Posted 10.23.2013 | Fifty
Susan Rhea

They didn't stop that war and invent new religion just to end up watching "The Simpsons," reading "Doonesbury" and blogging on Facebook. Is that what the boomer generation is going to be remembered for? Just a single burst of youthful idealism, then a quick fade to the back?

Why Senator Warren's '21st Century Glass-Steagall Act' Is Never Going to Happen

Casey Bond | Posted 10.20.2013 | Business
Casey Bond

Reinstating the act wouldn't instantly fix everything that's wrong with our system, but it sure would be a much-needed start -- just don't count on it ever happening.

Remember Citigroup

Simon Johnson | Posted 07.15.2013 | Business
Simon Johnson

Even Sandy Weil, former CEO of Citigroup who led the charge against the remnants of Glass-Steagall in the 1990s, concedes that this was a regrettable mistake -- and argues for all of the biggest banks to be broken up.

The Crime of Alleviating Poverty -- A Local Community Currency Battles the Central Bank of Kenya

Ellen Brown | Posted 08.31.2013 | Business
Ellen Brown

Complementary currencies can help eradicate poverty. Proving that may be difficult in complex economies, due to the high number of factors influencin...

The Federal Government's Ongoing Struggle to Enforce Banking Reforms

Susie J. Pak | Posted 08.11.2013 | Business
Susie J. Pak

As the regulations created by Dodd-Frank are chipped away, many are asking why the federal government is unable to enforce banking reforms even after the worst financial crisis since the Great Depression.

"I Regard the [Wall Street] Moral Environment as Pathological"

Janet Tavakoli | Posted 06.18.2013 | Business
Janet Tavakoli

I've posted many commentaries about widespread fraud in the financial system, ineffective regulation, moral hazard, and why, without reform, we are doomed to repeat this pattern. This time let's hear from someone else who shares his views with eloquence.

Cyprus -- The Nightmare Scenario

Laurence J. Kotlikoff | Posted 05.24.2013 | World
Laurence J. Kotlikoff

The Cypriot banks did what all banks do. They gambled. They borrowed money by taking in deposits as well as selling bonds, promised to repay, and then invested in assets they were sure would pay off. These assets included lots and lots of Greek government bonds.

Banks, Food, and Telecom: Break Them Up

Zephyr Teachout | Posted 05.01.2013 | Politics
Zephyr Teachout

There was a lot of typical surface chatter yesterday -- the sequester, the Pope, BW (Bob Woodward), BW (Business Week), Groupon -- but under the surface something far more important was happening.

Eleazar David Melendez

Fed President Blasts Dodd-Frank

HuffingtonPost.com | Eleazar David Melendez | Posted 01.22.2013 | Business

After spending the last few years taking a wait-and-see approach to financial reform, several banking regulators in the U.S. and Europe kicked off 201...

A Christmas Carol for Bankers

Brandon L. Garrett | Posted 02.23.2013 | Business
Brandon L. Garrett

With the help of three ghosts, Scrooge finally reached redemption by learning to give to others. As events of the past two weeks have shown, modern bankers have their own ghosts to face: federal prosecutors.

Look What Market Is Getting Manipulated Now

The Huffington Post | Mark Gongloff | Posted 12.10.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Arbitraging Catastrophe: We're All in Danger -- And It Could Get a Lot Worse

Richard (RJ) Eskow | Posted 01.23.2014 | Politics
Richard (RJ) Eskow

It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets.

Can the Private Sector's Large Depositors Revive the Economy?

Dennis Santiago | Posted 12.29.2012 | Business
Dennis Santiago

What if $2 trillion dollars of corporate, brokerage and fund money began to migrate back to Main Street using the full 7,800+ population of banks instead of hyper-concentrating in under 100 too big to fail institutions?

Study: Banks Will Always Suck At Trading

The Huffington Post | Mark Gongloff | Posted 10.08.2012 | Business

Science has spoken: Banks are doomed to suck at trading forever and should be stopped before they crash the global economy again. A new study by e...

Is Honesty a New Paradigm in Banking?

Jon Stein | Posted 09.19.2012 | Business
Jon Stein

"Honesty" and "banking" are rarely mentioned in the same breath these days, but here's a reason companies should act in their customers' best interests: if they don't, it's likely their former employees will tell on them.

'People Get It': Most Americans Big Fans Of Wall Street Regulation

The Huffington Post | Alexander Eichler | Posted 07.18.2012 | Business

The people have spoken. And they seem to like banking reform. Americans appear to support government efforts to rein in Wall Street by an unambiguo...

How the Big Banks Lost and Homeowners Won in California

Rick Jacobs | Posted 09.02.2012 | Business
Rick Jacobs

Bills that looked very much like the Homeowner Bill of Rights had been introduced for four years. They died in committee or on the floor at various times, until now. The difference?

Finance Writers Reflect on Dodd-Frank, Wall Street

David Vognar | Posted 08.27.2012 | Business
David Vognar

If safeguards like Dodd-Frank fail to prevent another crisis, there will have to be a serious reexamination of the system. Yet people in the future will be able to point to our regulatory structure as either preventing or permitting another collapse.

Obama vs. The Robber Baron: The Gloves Must Come Off

Sanjay Sanghoee | Posted 07.31.2012 | Politics
Sanjay Sanghoee

The business model that Romney oversaw at Bain, especially the Leveraged Buyout, was questionable at best and destructive at worst, and he cannot pretend that the dangers of Bain's investment methods were unknown to him.

Too Complex To Regulate: JPMorgan's Losses Highlight Need For Simplicity

Peter S. Goodman | Posted 07.27.2012 | Business
Peter S. Goodman

You can parse the stories about how the bank's risk-management people loaded up on risk, or digest the accounts of how JPMorgan's financial wizards engineered mind-bendingly complex means of limiting their vulnerability to troubles in Europe. But the simplest answer is the most pertinent: It's extraordinarily complicated.

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 07.24.2012 | Business
Sanjay Sanghoee

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

If We Can't Understand Them, We Should Just Break Them Up

Brad Miller | Posted 07.24.2012 | Politics
Brad Miller

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

Obama Speaks Out On Bank's Massive Loss

The Huffington Post | Mollie Reilly | Posted 05.14.2012 | Politics

President Barack Obama discussed JPMorgan Chase's $2 billion loss on Monday, saying the bank's massive failure proves why Wall Street reform is necess...

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.