Nothing is too big to fail; instead, the bigger it is, the more insidious and devastating its modes of failure must be. Engineers, at least, know this: it seems someone forgot to tell the bankers.
13 Bankers is the rare book than can actually have an impact on the vital debate happening right now in Washington. READ MORE Why the Fight for Financial Reform Needs to Get Much More Personal When it comes to the fight over financial reform, Democrats are making the same mistake they did with health care: failing to put the effect reform would have on the lives of real Americans front and center. READ MORE Announcing HuffPost's Twitter Editions We are launching Twitter editions for each of our 19 sections -- a mash-up of breaking tweets and HuffPost stories that are attracting interest on Twitter. READ MORE WATCH: Arianna Discusses RNC's "Bondage-Gate" with Joy Behar WATCH: Arianna Spars with Rudy Giuliani Over Rubio, Kerik, and Waterboarding on Morning Joe
At stake in the financial reform debate is an issue that has received far less attention than the CFPA, but is at least as important: Whether Congress will restore the authority of states to oversee national banks.
The only way to make sure no bank it 'too big to fail' is to make sure no bank is too big. If our current leaders fail to do this, you have every reason to believe it's because Wall Street has paid them not to.
Just 16 banks account for more than half of the assets in the nation's banking system, new data show. The banks -- all of which have more than $100 b...
Breaking up big banks wouldn't really solve our problems, because it's perfectly possible to have a financial crisis that mainly takes the form of a r...
It is the devastating "collateral" damage to the rest of the economy -- you and me -- that a big bank failure causes that should be absolutely prevented.
As banks have gotten bigger and badder there's been an increasing urge to go elsewhere, to send business to community banks and local credit unions, s...
One of the reasons why last Sunday's vote was so significant is that it is likely to set up the kind of cascading series of fundamental changes that only comes once every few decades.
We had rules of the road during the bubble years, but there was no reliable enforcer. Regulators sat on their hands while consumers were put through the wringer.
Ask Elizabeth Warren, scourge of Wall Street bankers, how they treat consumers, and her no-nonsense bob will shake with indignation....
The Dodd bill raced out of the Senate Banking Committee last night but, even in its current incarnation, it's a bit unclear how it might affect large ...
When recovery does come lawmakers must avoid the temptation to slip back into the old ways of doing business. They must focus on building an operation that can be sustained in any economic environment.
The Carper amendment to financial reform would hamstring states and prevent them from catching and stopping dangerous consumer lending practices before they metastasize into another crisis.
As women and as taxpayers, we are writing to tell Senator Dodd that size matters. As he gets ready to take up bank reform in committee next week, we need to talk.
Our entire economy almost collapsed a year-and-a-half ago because there were no referees on Wall Street. And sadly, hardworking, honest taxpayers paid the price. Our bill will prevent that from happening again.
A hundred-plus everyday folks from Massachusetts paid a visit to their newly-elected Senator to ask him to live up to his "big tent" promises.
The financial crisis and its string of bank failures has led many to question the safety of their banking institutions. If you're choosing a bank, are you better off looking for a big bank, or a smaller one?
The difference between some banks and bad plumbers is that instead of taking our business elsewhere, we lower our expectations and stay put. That's pretty dysfunctional.
When Banking Committee Chairman Chris Dodd (D-Conn.) unveiled his initial financial regulatory reform bill in November, it included language the admin...
Banks qualifying to borrow at the "Fed Window" are receiving money at virtually zero interest rates -- and they're taking advantage of it. Money is literally going from the Fed to top banking executives' pockets.
We are building a movement for an economy that shrinks the wealth divide, democratizes the economy and breaks-up the financial oligarchy. Join us.
Bailed out by taxpayers, the big banks are emerging from the financial crisis larger and more concentrated than ever. Their very size offends market competition. Entities that are too big to fail cannot be disciplined by the market. Worse, their size and wealth also undermine democratic accountability. That's why changing the industry's business model and breaking up the banks that are too big to fail are vital steps towards the new economy that we build out of the ruins of the old. This fight must go on.
Those who wonder whether public anger at big banks and the Move Your Money sentiment sweeping the country is substantial enough to impact these giants need only look at their new marketing approach.
Paulson honestly believes that the financial sector as constructed is productive, makes sense, and should continue to operate in roughly its current form.
