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Glass Steagall Act

Shahien Nasiripour

Former Citigroup CEO Says Banks Shouldn't Mix With Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A former CEO of Citigroup says there should be "some kind of separation" between commercial banking and investment activities, joining a growing list ...

John Thain, Ex-Merrill Lynch CEO: Too-Big-To-Fail Banks Could Face Fees

Posted 05.25.2011 | Business

Ex-Merrill Lynch CEO John Thain today suggested that large Wall Street firms, not unlike the one he used to run, should be subject to new fees. Ah...

Breaking Up the Big Banks, and Why Congress Won't Do It

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.

Ride the Populist Wave: Restore Glass-Steagall!

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Populism is not so much a political stance (as "conservatism" is, for instance) as it is a political tactic. Meaning it can be used equally well by either side of our current American political divide.

How Green Are Our Bankers

Fortune's Stanley Bing | Posted 05.25.2011 | Business
<i>Fortune</i>'s Stanley Bing

It's easy to rail at Congress and the Fed and the President and all the bozos past, present and future who don't foresee the bubbles or simply drink too much of them. But what would you do? I'm seriously asking.

Bring Back the Glass-Steagall Act to Break Up the MegaBanks that Caused the Crisis

Rep. Maurice Hinchey | Posted 05.25.2011 | Business
Rep. Maurice Hinchey

The financial system in this country has been rigged and my new bill to re-establish Glass-Steagall will help undo the circumstances that led to this most recent collapse while helping to prevent future ones.

Banking Regulation Needs to Confront Real Risks Presented by Financial Derivatives

David Paul | Posted 05.25.2011 | Politics
David Paul

Our banking system is structurally flawed, and the changes instigated by the passage of the Financial Services Modernization Act of 1999 should be fundamentally reconsidered.

Arianna Discusses Public's Bailout Anger On BBC's Newsnight

Huff TV | Posted 05.25.2011 | Home
Huff TV

Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society an...

Bring Back Glass-Steagall

Thomas Frank | Posted 05.25.2011 | Business
Thomas Frank

Having government forbid everyday commercial banks to take gambles on high-risk schemes, why, that just didn't make sense to the enlightened minds of 1999. We had learned by then to trust the market. Besides, what could go wrong?

McCain, Cantwell Team Up To Renew Glass-Steagal Act, Depression-Era Banking Law

Posted 05.25.2011 | Politics

Senators John McCain and Maria Cantwell are joining forces to reinstate the Depression-era Glass-Steagal Act of 1933, which separated commercial banki...

Is the Opposite of Capitalism Democracy? A Review of Michael Moore's Capitalism: A Love Story

Anis Shivani | Posted 05.25.2011 | Business
Anis Shivani

Moore explicitly states that we ought to turn to democracy as the alternative to capitalism. But the opposite of capitalism is not democracy, it is socialism.

Common Sense 2009

Larry Flynt | Posted 05.25.2011 | Politics
Larry Flynt

The real war is not between the left and the right. It is between the average American and the ruling class. It's time we took back our government from those who would make us their slaves.

One Lesson from the 1930s: Financial Regulation Has to Be Bold

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Contrary to what John Boehner says, a big foot needs to be placed on the financial industry to make sure that last year's near collapse can never happen again.

Sex, Spitzer, Derivatives: Using Our Outrage

Ari Melber | Posted 05.25.2011 | Politics
Ari Melber

In a galling demonstration of Washington's tangled priorities, leaders in both parties still refuse to tap Eliot Spitzer's expertise for policymaking and enforcement in the current crisis.

Red Flags Fly High on Obama's Economic Team

Earl Ofari Hutchinson | Posted 05.25.2011 | Politics
Earl Ofari Hutchinson

Lawrence Summers should be hailed as the go-to guy for Obama to turn to for help in sorting out some of the economic mess. But his role in helping create some of that economic mess raises a red flag.

Paint McCain a Red-Baiter

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

The "small government" Bush and Republican Congress increased spending, thus replacing the budget surplus bequeathed them with deficits.