Glass Steagall Act

Some Institutions Are Too Big to Succeed

Harlan Green | Posted 05.24.2012

Read More: Dodd-Frank Act, JP Morgan Chase, Glass-Steagall Act, Paul Krugman, Jamie Dimon, Income Inequality, Jp Morgan Collapse, Business News
Harlan Green

Whether out of ignorance or not understanding the ramifications of such high risk derivative hedges, CEOs such as JP Morgan Chase's Jamie Dimond apparently have little control over the trades such as caused the $2 billion loss.

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Glass-Steagall and Private Equity: Fact and Fiction

Robert Teitelman | Posted 05.24.2012

Read More: New York Times, Robert Teitelman, Bain Capital, Private Equity, Glass-Steagall, Andrew Ross Sorkin, Mitt Romney, Glass-Steagall Act, Business News
Robert Teitelman

The "success" of private equity must mean that everyone must be an entrepreneur, an engineer or an M.B.A. "Change" that worked in the conditions of the '70s must be the solution in times that even Brooks admits are "radically different."

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What Will a Greek Default Mean for You?

Jeffrey Rubin | Posted 05.16.2012

Read More: Glass-Steagall Act, Eurozone Debt Crisis, Greece Default, Volcker Rule, Business News
Jeffrey Rubin

A Greek default would start in Athens, but it wouldn't be long before it's felt in Paris, Berlin, New York and Toronto. In today's intertwined financial markets, everyone has exposure to everyone else's problems.

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Jamie Dimon: JPMorgan's Chief is the World's Funniest Financier (Update)

Janet Tavakoli | Posted 05.20.2012

Read More: Glass-Steagall Act, JPMorgan Chase, Jamie Dimon, President Obama, Financial Reform, Satire, Business News
Janet Tavakoli

Sure the economy is still a mess, unemployment is high, civil services and pensions are being slashed, a record number of people are on food stamps and families are losing homes. But Jamie Dimon does his best to distract the United States from these unpleasant realities.

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How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall

Robert Reich | Posted 05.11.2012

Read More: JP Morgan Chase, JP Morgan, Wall Street, Financial Reform, Derivatives, Wall Street Reform, Glass-Steagall Act, Financial Crisis, Jamie Dimon, Jpm, Business News
Robert Reich

What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.

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Thoughts on Tax Day 2012

Robert Reich | Posted 04.17.2012

Read More: U.S. Recovery, U.S. Economy, 2012 Tax Day, Trickle Down, Tax Day 2012, Glass-Steagall Act, Republicans Tax Cuts, Tax 2012, American Economy, Income Inequality, Politics News
Robert Reich

As Justice Oliver Wendell Holmes, Jr., wrote in 1904, "taxes are the price we pay for a civilized society." But the wealthiest Americans, who haven't raked in as much of America's income and wealth since the 1920s, are today paying a lower tax rate than they have in over 30 years.

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Stories From the Frontline: Why Is Mortgage Aid, Hater-Aid?

D. Sidney Potter | Posted 04.16.2012

Read More: Robo Signers, Mortgage, Wells Fargo, Occupy Wall Street, Banking, Real Estate, Glass Steagall Act, Big Banks, Mortgage Default, JPMorgan Chase, Citibank, Foreclosures, Business News, New York Times, Loan Modifications, Whistleblower, Business News
D. Sidney Potter

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

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Stories From the Frontline: Robo Signers vs. The Silent Enemy

D. Sidney Potter | Posted 04.10.2012

Read More: Foreclosures, Citigroup, Whistleblower, Glass Steagall Act, Wells Fargo, Greg Smith, Big Banks, Goldman Sachs, JPMorgan Chase, Mortgage, Loan Modifications, Robo Signers, Occupy Wall Street, Banking, Bruce Marks, Mortgage Default, Real Estate, Greg Smith New York Times, Business News
D. Sidney Potter

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

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The Difference Between Private and Public Morality

Robert Reich | Posted 05.14.2012

Read More: Glass-Steagall Act, Mitt Romney Economy, Romney Stock Market, Rick Santorum for President, Wall Street Corruption, Glass-Steagall, Politics News
Robert Reich

There is moral rot in America but it's not found in the private behavior of ordinary people. It's located in the public behavior of people who control our economy and are turning our democracy into a financial slush pump.

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Giving Voice to the Great Oz

Byron Williams | Posted 03.06.2012

Read More: Banking, Banks, Glass-Steagall Act, Government Regulation, Politics News
Byron Williams

While the anger and fear that dominate our discourse is justified, it cannot be allowed to blind the electorate to certain realties. Who is the one standing behind the curtain giving voice to the Great Oz?

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Corzine's Saga As Cautionary Tale of the Demise of Wall Street

Raymond J. Learsy | Posted 02.15.2012

Read More: Goldman Sachs, Politics, Banks, MF Global, Glass-Steagall Act, Financial Crisis, Congressional Hearings, Thomas G. BaxterJr, Commodity Futures Trading Commission, Securities and Exchange Commission, John Corzine, Dodd-Frank Bill, New York Federal Reserve Bank, New York Times, Business News
Raymond J. Learsy

The core lesson of the Corzine imbroglio and his "Who me?" testimony before various congressional committees has not been instinctively overlooked, but certainly not emblazoned into our consciousness, as well it should be.

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What's the Best Outcome for Occupy Wall Street?

Deepak Chopra | Posted 02.04.2012

Read More: Glass-Steagall Act, Michael Moore, Occupy Wall Street Movement, Economic Inequality, Occupy Wall Street, OWS Movement, Occupy Wall Street Protests, Occupy Protests, Ows, Occupy Movement, Politics News
Deepak Chopra

That the Occupiers lack leaders, legislation, and political candidates is irrelevant. What they have on their side is truth and a sense of justice. A society that cannot pay attention to those things is by definition an unjust society.

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Fairness and the Occupy Movement Revisited

Jeffrey Sachs | Posted 01.28.2012

Read More: Glass-Steagall Act, Crony Capitalism, Arthur Brooks, Ayn Rand, Occupy Wall Street, Politics News
Jeffrey Sachs

Across the ideological spectrum, we all agree on the need to end crony capitalism. But let us also work together not to cripple government but to make it work for all Americans.

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My Latest Preoccupation

Marian Salzman | Posted 01.10.2012

Read More: U.S. Economy, Bankruptcy, State Pensions, Main Street, Rhode Island, Bernie Madoff, Harrisburg, Investing, Wall Street, New Jersey, Occupy Wall Street, Greece Debt Crisis, Detroit, Banking, Glass-Steagall Act, Pension Funds, Politics News
Marian Salzman

Ladies and gentlemen of the Preoccupied movement, allow me to redirect your attention to another location, because Wall Street is getting stale (word ...

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An Insider's View of Occupy Wall Street

Frank A. Weil | Posted 12.27.2011

Read More: Occupy Wall Street, Financial System Protests, Glass-Steagall Act, Wall Street Protests, Dodd Frank Protests, Dodd Frank Finance, Economy Protests, Executive Compensation Protests, Business News
Frank A. Weil

Credit Obama, Volcker and the sponsors of Dodd-Frank for setting out to rein in and correct much of the obvious Wall Street excesses, despite that they did it with kid gloves to avoid killing the whole octopus.

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Wall Street Is Still Out of Control -- Obama Should Call for Glass-Steagall and a Breakup of Big Banks

Robert Reich | Posted 12.26.2011

Read More: Wall Street Crisis, Wall Street, Financial Reform, Mitt Romney, Glass-Steagall Act, Financial Crisis, Volcker Rule, Financial Regulation, Glass-Steagall, Business News
Robert Reich

Next week President Obama travels to Wall Street where he'll demand that financial regulations be strengthened and big banks be broken up. I'm kidding. But that would be a smart move -- politically and economically.

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Why Dumb Down Our Government?

Harlan Green | Posted 12.24.2011

Read More: Glass Steagall Act, #Occupywallstreet, Buffet Rule, Occupy Wall Street Beginnings, Occupy Wall Street Movement, Occupy Wall Street Protests, Occupy Wall Street, Politics News
Harlan Green

Should it surprise us that we, the people, are smarter than the politicians we've elected? Maybe the money machine it takes to get elected these days has discouraged more Mr. Smiths from going to Washington.

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Jason Linkins

Jon Huntsman Says Something Interesting Once The Televised Debate Is Safely Over

HuffingtonPost.com | Jason Linkins | Posted 12.12.2011

Read More: 2012 Speculation, 2012 Speculatron, Video, Jon Huntsman, 2012 Election, Jon Huntsman Banks, Elections 2012, Glass-Steagall Act, Jon Huntsman 2012, 2012, Politics News

My favorite highlight of last night's GOP contest comes via my colleague Alex Becker, who caught Jon Huntsman saying something interesting immediately...

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Trinity Church: Occupying Wall Street

Rev. Daniel Simons | Posted 12.06.2011

Read More: Christianity, Occupy Wall Street, Occupy Wall Street Protest, Wall Street, Trinity Church, Trinity Church Occupy Wall Street, Jesus, We Are the 99 Percent, Glass-Steagall Act, Religion News
Rev. Daniel Simons

I write and preach regularly that in God's economy there is only an "us," and whenever we fall back to us-and-them thinking, we are contributing to a powerful but failed system

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What Occupy Wall Street Should Ask For

Aaron Greenspan | Posted 12.02.2011

Read More: Global Financial Crisis, Financial Regulation, Occupy Wall Street, Bank Regulation, Glass-Steagall Act, Business News
Aaron Greenspan

There needs to be a clear message coming from the public regarding exactly which changes are being sought. Perhaps there are too many views for everyo...

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Reset Equity-Risk Formula for Banks

Mark J. Perry and Robert Dell | Posted 10.01.2011

Read More: Equity-Risk Formula, Bank Collapse, Bank-Equity, Toxic Assets, Glass-Steagall Act, Toxic Assets Bad Bank, Reits, Glass-Steagall, Equity-Risk Banks, Business News
Mark J. Perry and Robert Dell

A century or more ago, banks were capitalized more like REITs are today, holding equity of at least 30 percent of assets.

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Bill Clinton's Legacy of Denial

Robert Scheer | Posted 08.21.2011

Read More: Newsweek, Glass-Steagall Act, Robert Rubin, Commodity Futures Modernization Act, Economy, Citigroup, Bill Clinton, Politics News
Robert Scheer

Bill Clinton's Newsweek cover story shows that the man has long been convinced that there is no problem or contradiction of his that cannot be simply plastered over with blather. Sadly, he may be right.

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The Governor's Speech

Henry J. Stern | Posted 05.25.2011

Read More: Andrew Cuomo, Berger Commission, David Paterson, Eric Schneiderman, Stephen Berger, Glass-Steagall Act, Nelson Rockefeller, Betty Furness, Martin Van Buren, Charles Evans Hughes, Mario Cuomo, Bess Myerson, Eliot Spitzer, New York News
Henry J. Stern

The wrenching disappointments of the Spitzer and Paterson administrations are now behind us; the ever-mounting budget deficit is before us.

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DK Matai | Posted 05.25.2011

Read More: Financial Services, 1932 Depression, Stock Market, Economy, Financial Reform, Economic Crisis, New York City, New York, 1932, Dow Jones, Economic Stimulus Package, Great Recession, Stimulus Package, Financial Crisis, Global Financial Crisis, Financial Regulation, Great Depression, Fdic, European Union, Greek Debt Crisis, Euro, Greece, Europe, Federal Reserve, Federal Budget Deficit, Dow Jones Industrial Average, Federal Deposit Insurance Corp, Sec, Securities and Exchange Commission, Paul Volcker, Volcker Rule, Glass-Steagall Act, Glass-Steagall, UK, US, Portugal, Germany, France, European, Spain, Stock Trading, Stock Market Crash, Sell-in-May, Stocks, European Debt, Stock Market Drop, High-Frequency Trading, High Tide, Treasury Secretary, US President, Belgium, 1929 Stock Market Crash, 1929, Business News
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

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Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011

Read More: President Obama, Liqour Stores, Community Banks, Bailouts, Jamie Dimon, Robin Hood, What to Do When You Win the Lottery, Paul Volcker, Lawrence Summers, Wal-Mart, Reverse Robin Hood, Gary Rivlin, Harvard, Lexington KY, Broke USA, Richmond Ky, Citibank, Move Your Money Campaign, George Bailey, Wall Street, Dr Lawrene Summers, McNay Settlement Group, JP Morgan Chase, Msfs, Its a Wonderful Life, Payday Lending, Citigroup, Bill Clinton, Lottery, Mcnay, Chfc, Financial Reform, Move Your Money, Kentucky, Don McNay, Barack Obama, Checking Account Fees, Main Street, Clu, Structured Settlements, Financial Reform Bill, Credit Cards, Poverty Industry, Wall Street Bailouts, Vanderbilt University, Casino, Million Dollar Round Table, Eastern Kentucky University, Son of a Son of a Gambler, Banks, Gram Parsons, Glass-Steagall Act, Certified Structured Settlement Consultant, Arianna Huffington, Cssc, Huffington Post, Too Big to Fail, Credit Unions, Business News
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

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