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Big Banks

Goldman 'Totally Freaked Out' About Volcker Rule

Posted 07.04.2011 | Business

This post has been corrected. (Lauren Tara LaCapra) - Goldman Sachs Group Inc has just a few more months to put its stamp on the Volcker rule, ...

Bullies

Mike Lux | Posted 06.18.2011 | Politics
Mike Lux

Congressional Republicans and the big banks are classic bullies, used to getting their way on all issues all of the time. When you stand up to them and ask for something as foreign to them as fairness and decency, they lose it and lash out in return.

Simon Johnson: Could Goldman Sachs Fail?

baselinescenario.com | Posted 06.14.2011 | Business

If Goldman Sachs were to hit a hypothetical financial rock, would they be allowed to fail -- to go bankrupt as did Lehman -- or would they and their c...

Banks Still Acting Badly

Pat Choate | Posted 06.13.2011 | Business
Pat Choate

The big banks are still mugging America. They do so because they can, and they can because they pour tens of millions of dollars into our Presidentia...

Banking Industry Now Breaks Down To 'Have' And 'Have-Nots'

nytimes.com | ERIC DASH | Posted 06.13.2011 | Business

Investors will get their best glimpse yet of the new financial landscape -- known as the New Normal in banker-speak -- when JPMorgan Chase begins the ...

Pulling the Plug on Working Families to Give Tax Cuts to Millionaires

Mike Lux | Posted 06.08.2011 | Politics
Mike Lux

Paul Ryan's tax breaks total more than $4.1 trillion. What does that mean for you? 90 percent of Americans will see their taxes go up under the Ryan budget.

Simon Johnson: Big Banks Have a Powerful New Opponent

nytimes.com | SIMON JOHNSON | Posted 06.07.2011 | Business

As a lobbying group, the largest American banks have been dominant throughout the latest boom-bust-bailout cycle -- capturing the hearts and minds of ...

Sounds of Resistance Are Growing Join Americans Fed Up With Big Finance

Kevin Zeese | Posted 05.31.2011 | Politics
Kevin Zeese

Are you tired of big banks making record profits, paying giant executive salaries and bonuses and then cooking the books so they avoid paying taxes? We are.

What Passes for Scandal Among Republicans

Mike Lux | Posted 05.30.2011 | Politics
Mike Lux

You would think that the Republicans in the House would have better things to do than erupt in outrage over whether something is "advice" or a "recommendation." You would be wrong.

Wall Street Banks: Making Enemies Everywhere

Mike Lux | Posted 05.29.2011 | Business
Mike Lux

In a post a few days back, I observed that the big Wall Street banks were in for a fall because they had become so arrogant in their power and wealth....

Bernanke: Dodd-Frank Should 'Level Playing Field' For Small Banks

Reuters | Dave Clark | Posted 05.25.2011 | Business

SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support f...

Why Republicans Hate Warren's CFPB But Love Another Bank Regulator

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

What's really at issue in the fight over the CFPB is not how the agency is structured or how much power it will have, but whose interests it serves.

Enough Is Enough: Why I Closed My Chase Account

Patricia Malcolm | Posted 05.25.2011 | New York
Patricia Malcolm

We sacrifice, sacrifice, and sacrifice some more for the banks, and we are told it's for the common good. Well, I think we've given up enough.

The Bankers' New Goat

David Balto | Posted 05.25.2011 | Business
David Balto

Eventually, our ancestors gave up the practice of sending away a goat to atone for their sins. We can only hope the bankers reach a similar enlightened age and stop blaming others for their own business decisions.

Root Causes of Financial Crisis Remain Unaddressed

Stijn Claessens | Posted 05.25.2011 | Business
Stijn Claessens

Without restructuring financial institutions' balance sheets and their operations, as well as their assets the economic recovery will suffer, and the seeds will be sown for the next crisis.

Bankers' Holiday

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

The ideologues who want no check whatsoever on the power of big business have declared war on the middle class. But these attacks on the things we hold dear are putting the "movement" back in the labor movement.

The Broken Covenant Between Rich and Middle Class

Nicholas Carroll | Posted 05.25.2011 | Business
Nicholas Carroll

Regardless of individual politics, middle class Americans who want to remain middle class should accept -- or insist -- that Big Finance once again be closely regulated at the Federal level.

The Big Banks' Battle Against Consumers and Homeowners

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Trying to build a new agency whose actual mission is to act on behalf of consumers in times like these is a treacherous undertaking, and Elizabeth Warren is battling on two major fronts of her own.

Ryan Grim

Underwater Homeowners Gathering Tuesday Evening Across The Country

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

On Tuesday evening in Boynton Beach, Fla., underwater homeowners are gathering for happy hour at Ralph and Rosie's Restaurant, an independently owned ...

Obama's Chamber Speech: The Debates About Regulation and the Social Contract

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

The president didn't challenge the Chamber, or the American business community, enough in his speech. But it was good to see him make a strong case for the role of regulation, and for the importance of the social contract.

Entrepreneurial Populism

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

If we want to make any progress in the legislative or regulatory arena, progressives will need to frame their ideas in new ways and look for alliances that go beyond the usual suspects.

Simon Johnson: The Ruinous Fiscal Impact Of Big Banks

New York Times | SIMON JOHNSON | Posted 05.25.2011 | Business

The newly standard line from big global banks has two components -- as seen clearly in the statements of Jamie Dimon of JPMorgan Chase and Robert E. D...

Fraudclosure: Will State AGs Step Up to Their Moment in History?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Rumor has it that the 50-state attorneys general investigation into the Fraudclosure scandal is wrapping up. It's time for a backbone check.

William Alden

Banks Ease Credit To Big Companies, But Leave Out Small Business

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

In a sign that life may be getting easier for big U.S. corporations, large banks are beginning to make loans more available. Citing increased competi...

Big Banks Have 'Already Seen Their Glory Days,' Analysts Say

washingtonpost.com | Jia Lynn Yang | Posted 05.25.2011 | Business

Revenues at big financial firms are down across the board and could continue stalling for years as new regulations kick in and consumers borrow vastly...