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Big Banks

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.

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

Shahien Nasiripour

Big Banks Dominate U.S. Banking System: Study | 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...

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.

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

Who's Afraid of the Bark? We Need Some Bite!

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

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.

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.

Elizabeth Warren: 'Socratic With A Machine Gun'

New York Times | JODI KANTOR | Posted 05.25.2011 | Business

Ask Elizabeth Warren, scourge of Wall Street bankers, how they treat consumers, and her no-nonsense bob will shake with indignation....

How The Dodd Bill Could Affect Big Banks

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

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 ...

Too Big to Fail? Amidst Fiscal Crisis, Governments Must Take Dramatic Actions

Steve Rohleder | Posted 05.25.2011 | Business
Steve Rohleder

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.

Five Reasons the Carper Amendment Must Be Defeated

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

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.

American Women to Dodd: Size Matters

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

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.

Wall Street Reform Ends 'Too Big to Fail'

Sen. Jon Tester | Posted 05.25.2011 | Business
Sen. Jon Tester

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.

Massachusetts Voters Take Over Sen. Scott Brown's Office

Sally Kohn | Posted 05.25.2011 | Politics
Sally Kohn

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.

Are Big Banks Safer Than Small Banks?

Richard Barrington | Posted 05.25.2011 | Business
Richard Barrington

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?

Ryan Grim

Dodd's New Bill Holds On To A Big Gift For Big Banks | Ryan Grim | Posted 05.25.2011 | Business

When Banking Committee Chairman Chris Dodd (D-Conn.) unveiled his initial financial regulatory reform bill in November, it included language the admin...

Community Banks and Credit Unions Respond to Customers Faster Than Big Banks

Rob Rubin | Posted 05.25.2011 | Business
Rob Rubin

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.

Congress Must Regulate 'Fed Window' to Halt the Perverse Money Flow from the People to the Bankers

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

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.

Report Card: Banksters Winning in the Senate

Kevin Zeese | Posted 05.25.2011 | Politics
Kevin Zeese

We are building a movement for an economy that shrinks the wealth divide, democratizes the economy and breaks-up the financial oligarchy. Join us.

The Big Bank Lobby: Too Big to Bear?

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

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.

Big Banks Want You Back

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

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.

Hank Paulson's Memoir: The Inside Job

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Paulson honestly believes that the financial sector as constructed is productive, makes sense, and should continue to operate in roughly its current form.

The $6200 Insult: How Chase Manhattan Convinced Me to Finally Move My Money

Ernest Nitzberg | Posted 05.25.2011 | Business
Ernest Nitzberg

For those too lazy to change banks, I too say now is the time. It cost $6200 from my retirement fund for me to realize it's time to move my money.