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Big Banks

'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.

Book Club Pick: Why 13 Bankers Is a Must-Read for Barack Obama, Chris Dodd, and Everyone Who Wants to Avoid Another Financial Crisis

Arianna Huffington | Posted 05.25.2011 | Books
Arianna Huffington

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

What Big Banks Fear More Than the CFPA

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

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.

Break Up the Banks

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

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.

Shahien Nasiripour

Big Banks Dominate U.S. Banking System: Study

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

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...

Paul Krugman: Why We DON'T Need To Break Up The Big Banks

nytimes.com | PAUL KRUGMAN | Posted 05.25.2011 | Business

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...

Focus Financial Reform on the "Too Big" Part: That's What Will Prevent Economic Collapse

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

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.

Tales Of A Pioneering Big Bank Refugee

Peter G. Miller | Posted 05.25.2011 | Comedy
Peter G. Miller

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...

The Drano Theory of History -- Extending the "Big Change Moment"

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

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.