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Break Up the Banks

Ex-Wall Street Titan: Break Up The Banks

The Huffington Post | Posted 09.09.2013 | Business

Sen. Elizabeth Warren (D-Mass.) has a friend in former Wall Street CEO John Reed. The former CEO of Citicorp, which merged with Travelers Insuranc...

Zach Carter

Dem Senator: Obama Is 'Wrong' On Big Banks

HuffingtonPost.com | Zach Carter | Posted 04.26.2013 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...

Zach Carter

Senate 'Break Up The Banks' Bill Draws Wall Street Scorn

HuffingtonPost.com | Zach Carter | Posted 04.09.2013 | Politics

WASHINGTON -- Momentum to break up the nation's largest banks is building quickly on Capitol Hill, just weeks after a unanimous, symbolic vote in the ...

Jason Linkins

Brooksley Born Said A Bunch Of Stuff That Actually Made A Lot Of Sense

HuffingtonPost.com | Jason Linkins | Posted 04.08.2013 | Politics

In a landmark event that went largely unremarked upon by cable news providers and newspaper front pages, someone in Washington, D.C., spent time sayin...

7 Wall Street Bankers Pushing To End 'Too Big To Fail'

The Huffington Post | Harry Bradford | Posted 03.12.2013 | Business

It's troubling when some of the nation's top economists tell us Wall Street banks are too big. It's even more worrisome when bankers themselves have t...

Reward Investors in Banks That Break Up

Brent Budowsky | Posted 05.07.2013 | Business
Brent Budowsky

I agree with George Will about as often as the Boston Red Sox agree with the New York Yankees, but as the law of broken clocks suggests, we must both be right at least twice a day.

Amanda Terkel

Sherrod Brown, David Vitter Team Up To Break Up The Banks

HuffingtonPost.com | Amanda Terkel | Posted 03.28.2013 | Politics

WASHINGTON -- Multi-trillion dollar financial institutions continue to get richer, exerting more and more control over both America's economy and its ...

Zach Carter

Top Fed Official Endorses Breaking Up 'Too Big To Fail' Banks

HuffingtonPost.com | Zach Carter | Posted 02.19.2013 | Politics

WASHINGTON -- A top Federal Reserve official is having second thoughts about his 2009 declaration that breaking up the biggest Wall Street banks is "m...

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

David Paul | Posted 04.20.2012 | Business
David Paul

Our finance industry is on the attack again. The industry target now is the Volcker rule -- the proposed rule that would limit the ability of banks to trade for their own account. Leading the attack has been JPMorgan CEO Jamie Dimon.

Wall Street Reform: Five Key Fights After the Bill Is Signed

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

The Wall Street bill has much to be said for it, but the unfortunate truth is that it ducks several of the most critical reforms needed to protect our economy from banker abuse.

Congress Goes to Bat for Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

No matter what else is ultimately enacted in the name of Wall Street reform, Congress decided last night that it will not confront the single greatest problem in the U.S. economy: Too Big To Fail.

Those Opposed to Breaking Up the Banks Receive Double the Funds from Industry

Tiffiniy Cheng | Posted 05.25.2011 | Politics
Tiffiniy Cheng

We're conducting a whip count on the SAFE Banking Act amendment to the financial reform bill right now. You can help.

Republicans Filibuster Our Financial Future

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

With two-thirds of the nation supporting reform, any political party that throws in its lot with Wall Street will pay a major price come November. No amount of Wall Street campaign cash can counter voter outrage.

If Republicans Say No to Bailouts, Then They Can't Say No to Breaking Up the Banks

Tiffiniy Cheng | Posted 05.25.2011 | Politics
Tiffiniy Cheng

Senate Republicans say they're against both the bailouts and the Democrats' proposed legislation to end them. They say the Dodd bill would "actually guarantees future bailouts." It's time for the them to put up or shut up.

Why We Must Break Up the Big Banks

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Breaking up the banks does not guarantee good regulation. However, a break-up of the big banks will at least give the country some hope that things can change.

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.

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

Round I to the Banks, More to Come

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

Although the defeat of Brown-Kaufman was crushing, it was nonetheless an indicator of the strength of the populist call to break up the banks and reduce Wall Street power.

Dallas Fed President: Break Up Big Banks

James Kwak | Posted 05.25.2011 | Business
James Kwak

Seen in an abstract light, we can have no assurance that any new regulations will actually work to prevent a financial crisis or defuse one, so the safer option is to break up the big banks.

Join in the Effort to Break Up the Big Banks

Nathan Havey | Posted 05.25.2011 | Business
Nathan Havey

There is a movement afoot, and I'd like you to join us. Several organizations are cooking up a number of ways to make this change happen.

Larry Summers' Genius Clouds His Judgment: Regulating the Banks Will Not Work

James Boyce and Paul Abrams | Posted 05.25.2011 | Business
James Boyce and Paul Abrams

With the DNA of two Nobel Laureate economists in his genome, one might think Summers would have the best grasp of how to fix the broken financial system. One would be wrong.

There Is Nothing 'Collateral' About It When You Suffer the Damage

James Boyce and Paul Abrams | Posted 05.25.2011 | Business
James Boyce and Paul Abrams

It is not that the big banks themselves are "too big to fail." They are too big because they can cause all of us to fail.