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Big Banks

Chris Kirkham

U.S. Settles With Two Firms Over Improper Military Foreclosures

HuffingtonPost.com | Chris Kirkham | Posted 07.26.2011 | Business

Amid blistering heat and thunderous bombing in central Iraq during summer 2005, U.S. Army Sgt. James Hurley suddenly found it difficult to reach his w...

Did Washington Connections Help Big Banks Get Bailouts?

Posted 07.25.2011 | Business

Did connections in Washington help major financial institutions get bailed out after the crisis? A new study from the National Bureau of Economic R...

Matt Taibbi: Wall St. Has No Incentive Not To Commit Crimes

Posted 07.23.2011 | Business

In a video interview with RT America, Rolling Stone's Matt Taibbi, the author of Griftopia, says that as of now, and until the government more aggress...

Simon Johnson: When Regulators Side With The Regulated

The New York Times | Simon Johnson | Posted 07.19.2011 | Business

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Trea...

What Kind of God Do Wall Street Bankers Believe In?

Mike Lux | Posted 07.19.2011 | Business
Mike Lux

There was a pretty amazing moment Tuesday when a JPMorgan shareholder said to CEO Jamie Dimon: "As a person of faith, my God believes you shouldn't take advantage of people when they are down. Do you believe in the same God I believe in?"

NY AG Investigating Big Banks' Mortgage Operations

Posted 07.17.2011 | Business

New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp, Morgan Stanley and Goldman Sachs related to pack...

Matt Sledge

Payback: Could New York City Squeeze Big Banks For $120 Million?

HuffingtonPost.com | Matt Sledge | Posted 07.11.2011 | New York

A coalition of groups planning a coming rally against Wall Street bankers has hit upon an straightforward, if perhaps overly optimistic, solution for ...

Democrats and Wall Street

Mike Lux | Posted 07.06.2011 | Politics
Mike Lux

The Republicans in the Senate have thrown down the gauntlet: 44 Republican senators have signed a letter saying they won't confirm anyone to be the director of the new Consumer Financial Protection Bureau unless the new agency is made toothless.

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.