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Banking System

Your Metaphor Is Misleading Me

Denise Cummins, Ph.D. | Posted 01.23.2014 | Impact
Denise Cummins, Ph.D.

When Federal Reserve Chief Ben Bernanke appeared on 60 Minutes to persuade us to bail out the banking system, he didn't bother with charts, figures or lengthy argument. Instead, he used something far more powerful: Analogy and metaphor.

Dimon Cutters

Michael Farr | Posted 06.14.2012 | Business
Michael Farr

No matter what anyone tells you, it stands to reason that this European crisis is significant and will be around for quite a while longer. What will markets do?

Fess Up! SEC Pushes Banks To Disclose Europe Exposure

The Huffington Post | Bonnie Kavoussi | Posted 01.09.2012 | Business

Regulators are asking American banks to stop glossing over their vulnerability to the crisis in Europe. The Securities and Exchange Commission issu...

Handcuffs and Prison Sentences for Bankers Next Time

Dennis M. Kelleher | Posted 03.07.2012 | Business
Dennis M. Kelleher

The backlash after the next financial calamity will make the Dodd-Frank Act look so mild that many will wonder if it was written by bankers themselves. Handcuffs and prison sentences will not likely be in short supply next time.

Avoiding Another Year of Living Dangerously: Time to Secure Financial Stability

José Viñals | Posted 06.13.2011 | Business
José Viñals

We've slipped well beyond a year and the financial system is still flirting with danger. Durable financial stability has, so far, proven elusive.

Government Bonds: No Longer a World Without Risk

José Viñals | Posted 05.25.2011 | Business
José Viñals

The risk free nature of government bonds, one of the cornerstones of the global financial system, has come into question as the global crisis unfolds.

Automated Greed Factories: How Soulless Banking Is Crushing the Economy

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

Financing has become a robotic form of mass production, designed to generate ever-increasing wealth within an artificial system by draining it from the real world. In a word, banks have lost their souls.

Financial System Fragilities - Achilles' Heel of Economic Recovery

José Viñals | Posted 05.25.2011 | Business
José Viñals

For emerging market policymakers, the main challenge will be to tackle the macroeconomic and financial challenges of sizable, and potentially volatile, capital inflows

The Broken Global Banking System

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

How many Americans understand how broken and defective the banking system as a whole has become? For the crazy facts are these: bankers now borrow from their customers and from taxpayers.

Johnson and Boone channel Yeltsin on the banks

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Simon Johnson and the London School of Economics' Peter Boone offer up a critique of the proposed Obama bank tax in the Financial Times Tuesday and --...

Peter Gerstenzang, Domestic Terrorist

Peter Gerstenzang | Posted 05.25.2011 | Comedy
Peter Gerstenzang

I mean, seriously, when was the last time you turned on your Tv and heard that Sheik Mohammed Somebody was arrested because the government was troubled by his unusual banking practices?

Why the Banks Still Aren't Fixed

US News | Rick Newman | Posted 05.25.2011 | Business

The stress tests are done. The results are better than feared. Bank stocks are up. A few large lenders, such as Capital One, US Bancorp, and BB&T, are...

Implications of the Bank Stress Tests

Douglas J. Elliott | Posted 05.25.2011 | Business
Douglas J. Elliott

The financial "stress tests" on the big banks gave us good news: they "only" need $75 billion of new capital. That's a lot of money, but much less than many of us feared.

Banking System Overhaul Coming: WSJ

Huffington Post via WSJ | Julie Satow | Posted 05.25.2011 | Business

As outrage over bonuses paid to top AIG executives and other executive pay scandals mount, the Obama administration has created a plan to revamp finan...