Break Up the Big Banks

Goldman Sachs' Flubs Shielding JPMorgan From Public Vitriol: David Reilly

bloomberg.com | David Reilly | Posted 12.04.2009 | Business

Read More: Lloyd Blankfein, JPMorgan Chase, Goldman Sachs, Too Big to Fail, David Reilly, Timothy Geithner, Jamie Dimon, Break-Up-the-Big-Banks, Business News

JPMorgan Chase & Co. lists lots of assets, ranging from loans to securities to cash, on its $2 trillion balance sheet. Not to be found is one that mig...

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The Ghost of Glass-Steagall

Nathan Havey | Posted 11.12.2009 | Business

Read More: Senator Chris Dodd, Nathan Havey, Financial Crisis, Chris Dodd, Financial Reform, Glass-Steagall, Break-Up-the-Big-Banks, Business News
Nathan Havey

Many of the same people who are now creating proposals to reign in the financial industry were, 10 short years ago, the people eating cake as they destroyed the barn door of regulation and let the big banks run free.

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

James Boyce and Paul Abrams | Posted 11.05.2009 | Business

Read More: Financial-Crisis, Paul Abrams, Financial Reform, James Boyce, Break-Up-the-Big-Banks, Break Up the Banks, Business News
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.

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

James Boyce and Paul Abrams | Posted 11.03.2009 | Business

Read More: Financial Crisis, Break Up the Big Banks, Break Up the Banks, Financial Reform, Collateral Damage, James Boyce, Paul Abrams, Business News
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.

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