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Big Banks

Blanche Lincoln Rambos Wall Street

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Sen. Blanche Lincoln decided to Rambo Wall Street. As Chair of the Senate Agriculture Committee, she put forward a stunning improvement to the Senate financial reform bill over the hysterical cries of big bank lobbyists.

Chicagoans Must Rally Around ShoreBank

Karen K. Harris | Posted 05.25.2011 | Chicago
Karen K. Harris

ShoreBank, a staple of the Chicago community, may be in jeopardy of seizure if it does not receive TARP funds from the Federal Reserve Bank.

Wall Street Reform Bill Could Be a Big Win for the Farm Belt

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

In a big win for American farmers, consumers and even import-reliant African nations, the Wall Street reform bill winding its way though Congress has unique provisions that apply to food and energy speculation.

Big Banks: Worry About Customers, Not Regulations

Rob Rubin | Posted 05.25.2011 | Business
Rob Rubin

Big banks might win some of the regulation battles and figure out how to protect their fee revenue in the short-term, but they're losing the war for customers. Eventually, customer-attrition will force them to change or perish.

USAA Members Can Support Financial Reform

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

As a consumer advocate and a military brat, I have long been a huge fan and a lifelong member of USAA. USAA is an insurance company that was set up to...

Regulation Takes Its Place: Second Place

The 14th Banker | Posted 05.25.2011 | Business
The 14th Banker

The past months have provided moments of despair and hope. At the end of the day, more than nothing was achieved with the financial reform bill. I'm not sure how else to put it.

Setting the Record Straight: Why Auto Dealers Do Not Need Carve-Outs

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

The auto dealers are urging senators to avoid over-regulating their dealerships, burdening them with redundant laws, and ultimately limiting consumers' credit options. These concerns are unfounded.

Relying on the Big Banks to Save the Economy

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

What Summers, Dodd, and apparently the president continue to not get is that massive concentrations of wealth and power do equally massive amounts of damage over time to both a democracy and to the markets.

'Chuck Prince' Is Going To Run This Bank (Into The Ground)

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The following is also posted on Johnson's blog, BaselineScenario.com. "Breaking up big banks would actually increase system risk" is a refrain heard f...

Credit Unions Hang Tough, See Surge in Deposits

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Data from the last 18 months show that the country's 7,600 credit unions are in fact outperforming big banks and rapidly expanding their market share. Since the start of 2009, credit unions have added more than 1.5 million new members.

Fraud in Banking, Fraud in Message

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

The banking wars are in full scale battle mode. We are going to see a lot more of this faux populism paid for by bailed out bankers before the year is through, and progressives have to be quick to expose it.

The Big Mo'

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Big change does not come from legislative fights alone. As important as passing a good financial reform bill is, we are going to have to keep organizing and keep the heat on Wall Street.

Golden Bull

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Republicans are threatening to filibuster a bill to regulate the big banks and hedge funds that trashed our economy and that would be the greatest gift they could possibly give Democrats.

Goldman Accused of Cutting the Brakes

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

One of the most salient analogies of the financial meltdown was offered by Financial Crisis Inquiry Commission chair Phil Angelides when he grilled Go...

Bank Local: Indie Businesses Embrace Move Your Money

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Independent business groups that have been urging people to "buy local" are now making "bank local" an increasingly prominent part of their message, bringing new grassroots visibility to the Move Your Money movement.

'Move Those Dollars': Anti-Usury Campaign Shares Principles With Move Your Money (VIDEO)

Posted 05.25.2011 | Business

It may have sounded like music to the ears of Move Your Money proponents. Chants of "move those dollars" and "move that money" rang out last week i...

Shahien Nasiripour

EXCLUSIVE: Two Leading House Dems Will Close $50 Trillion Loophole In Derivatives Reform Bills

HuffingtonPost.com | Shahien Nasiripour | Posted 11.18.2009 | Business

The two House Democrats shepherding derivatives reform proposals through Congress will close an existing $50 trillion loophole for foreign currency co...

Ryan Grim

Revealed: See Who Was Paid Off In The AIG Bailout

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

This story has been updated. A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal ...

Foreclosing on America: Edda Lopez vs. Bank of America

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

When I first arrived at Edda Lopez's house, I wondered how this elderly woman lives on the second floor of her elevator-less home despite being wheel...

Disappointing Finance Bill Still Has Issues Worth Fighting For

Kevin Zeese | Posted 05.25.2011 | Politics
Kevin Zeese

There is no question that the concentrated corporate power of Wall Street is working to weaken the already disappointing financial reform bill. There is only one antidote to their power and that is our power.

Big Fight Over Financial Reform

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

What Paul Krugman and other smart economists who don't prioritize breaking up these big banks don't seem to get is that anytime anyone gets too much power, good policy and sound economic theories and formulas all get trumped.

The Little Guy

Jonathan Richards | Posted 05.25.2011 | Politics
Jonathan Richards

Someone's got to look out for the little guy. Fortunately, we have the Republican Party, ready to go to the mat to defend the beleaguered financial in...

Why I Moved My Money

Alan Cumming | Posted 05.25.2011 | Business
Alan Cumming

Goldman Sachs emailed me to remind me of the amount of cash I made whilst my money was with them. This of course just reminds me of why I moved my money in the first place: it was the only way I could show that I did not approve of them.

Is it Time to Pull the Plug on the Financial Crisis Inquiry Commission?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Last week, in the middle of former Federal Reserve Chairman Alan Greenspan's testimony in front of the Financial Crisis Inquiry Commission (FCIC), the lights went out. But electrical snafus are just the beginning of the FCIC's problems.

Titanic: Too Big to Fail

Michael Kaplan | Posted 05.25.2011 | Business
Michael Kaplan

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.