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Glass Steagall Act

The Meltdown Men: Greenspan, Rubin, and Prince to Testify before Financial Crisis Commission

Jeff Madrick | Posted 05.25.2011 | Politics
Jeff Madrick

Greenspan bears more responsibility for the calamity than any single person. It is rare in the history of any major event one can make such a claim.

Glass-Steagall Fans Are Not Fools

David Serchuk | Posted 05.25.2011 | Business
David Serchuk

When people think of the financial reforms of the New Deal, often the creation of the FDIC is what comes to mind. In reality the FDIC came last. The first thing FDR signed into law was Glass-Steagall.

Bury Our Banks in Style!

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

How can we bury the Too Small To Bailout banks in style? Here are a few suggestions.

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.

Celebrating Sen. Ted Kaufman, Accidental Leader

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Sen. Ted Kaufman has emerged as one of the Senate's fiercest critics of Wall Street and a champion of the need to push for a serious rebooting of our financial system.

Lame Bill from a Lame Duck

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The Senate financial regulatory reform bill has only a nod in the direction of a return to the Glass-Steagall Act's separation of investment and banking firms, a regulation that Dodd helped kill a decade ago.

Congress: The Banks Own the Place. Do They Own Obama Too?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If "no brainer" reforms like bankruptcy reform and student loan reform can't make it through a Democratic controlled Congress, how will more fundamental reforms of the financial system fare?

Show Bernanke and Geithner the Door

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

What has the financial crisis taught us? Among other things, we should show Bernanke and Geithner, enablers from the previous administration, the door.

Andrew Ross Sorkin:

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

Can a bank be too big? That was one of the more interesting questions to come up during the Financial Crisis Inquiry Commission hearing last week, th...

Why Is Obama to the Right of the Wall Street Journal, Greenspan, and McCain on Breaking Up Banks and Restoring Glass Steagall?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If, a year after Obama's victory, the Senatorial race to replace Ted Kennedy is close, it can largely be attributed to public disillusionment that Obama and the Democrats have given away too much taxpayer money to Wall Street banks.

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...

Sandy Weill, Former Citi CEO, Has Trophy That Reads 'Glass-Steagall 'Shatterer'

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Don't confuse Sandy Weill for those Wall Street execs who fret over "optics." In a melancholy NYT profile of Sandy Weill over the weekend, the for...

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.

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.