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Glass Steagall

The Housing Crisis And Wall Street Shame (Or Lack Thereof)

Robert Reich | Posted 11.29.2009 | Business

Read More: Goldman Sachs, JP Morgan, Unemployment, Robert Reich, Wall Street, Aig, Financial Crisis, Timothy Geithner, Wall Street Bonuses, Housing Crisis, Glass-Steagall, Business News
Robert Reich

Shaming Wall Street won't work. Only political muscle and courage will. Congress and the Obama administration should give homeowners the right to go to a bankruptcy judge and have their mortgages modified.

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Shahien Nasiripour

Wall Street Journal Supports Break-Up Of Big Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 11.23.2009 | Business

Read More: John S. Reed, Mervyn King, Larry Summers, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Journal, Paul Volcker, Glass-Steagall, Business News

Add the Wall Street Journal editorial board -- of all people -- to the growing ranks of those calling for a restoration of barriers between commercial...

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Shahien Nasiripour

Fed Chairman Blames Banks For Continued High Unemployment

HuffingtonPost.com | Shahien Nasiripour | Posted 11.16.2009 | Business

Read More: Ben Bernake, Too Big to Fail, John Reed, Paul Volcker, Mervyn King, Bank Lending, Tbtf, Paul Kanjorski, Bailout, Banks, Financial Crisis, Ben Bernanke, Glass-Steagall, Business News

Federal Reserve Chairman Ben Bernanke on Monday blamed banks for slowing the recovery and keeping unemployment high. Despite hundreds of billions i...

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My Financial Plan

Sen. Byron Dorgan | Posted 11.13.2009 | Politics

Read More: Financial Crisis, Senator Byron Dorgan, Byron Dorgan, Glass-Steagall, Politics News
Sen. Byron Dorgan

Ten years ago, our country made the fateful decision to repeal Glass-Steagall. I predicted then what is happening now in the economy. But unfortunately, only seven other Senators stood with me.

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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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Wall Street Bank Lobby Faces 'Live Ammo' As Lawmakers Ponder Breaking Up Big Banks

bloomberg.com | Alison Vekshin and Robert Schmidt | Posted 11.12.2009 | Business

Read More: Bank Lobby, Bank of America, Citigroup, Wall Street, Lobbying, Financial Services Forum, Lobbyists, Paul Kanjorski, Glass-Steagall, Too Big to Fail. Financial Reform, Business News

Nov. 12 (Bloomberg) -- Seven Wall Street lobbyists trooped to Capitol Hill on Nov. 9, hoping to convince Representative Paul Kanjorski's staff that hi...

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Robert Rubin: The Man at the Nexus of Big Business and Big Government

Charles Gasparino | Posted 11.11.2009 | Business

Read More: Goldman Sachs, Robert Rubin, Wall Street, Financial Crisis, Citigroup, Glass-Steagall, Business News
Charles Gasparino

There are plenty of media types who blame last year's implosion and the bailout on greedy bankers, but that's only part of the story. Wall Street needed a co-conspirator; namely, the government.

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Absolute Corruption Is the Rule in America

David A. Love | Posted 11.09.2009 | Politics

Read More: Treasury Department, Capitalism, Wall Street, Blue Dogs, Health Care Reform, Max Baucus, Bernard Madoff, Joe Lieberman, Health Care, Healthcare, Blue Dog Democrats, Corruption, Citibank, Bank Bailout, Stock Market, Corporations, Banking Crisis, Sec, Corporate Greed, Citigroup, Regulation, Madoff Ponzi Scheme, Ponzi Scheme, Deregulation, New York, Criminal Justice System, Glass-Steagall, Politics News
David A. Love

Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.

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Europe, the U.S. and breaking up the banks

Robert Teitelman | Posted 11.06.2009 | Business

Read More: Royal Bank of Scotland (NYSE:RBS), Neelie Kroes', Citigroup Inc. (NYSE:C), Lloyds Bank ( NYSE:LYG), Simon Johnson, Adair Turner, Glass-Steagall, Too Big to Fail, Business News
Robert Teitelman

Now it gets interesting. With the recovery at least beginning, European and now British regulators are clearly leaning toward a more competitive banki...

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Shahien Nasiripour

10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business

Read More: John S. Reed, Robert Reich, Brad Miller, Larry Summers, Paul Volcker, Lawrence Summers, Ed Perlmutter, Barney Frank, Paul Wellstone, Tbtf, Paul Kanjorski, Financial Crisis, Banks, Gramm Leach Bliley Act, Byron Dorgan, Too Big to Fail, Wall Street, Citigroup, Glass-Steagall, Business News

On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...

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Nouriel Roubini: 'Too Big To Fail' Revisited

forbes.com | Nouriel Roubini | Posted 11.05.2009 | Business

Read More: Mervyn King, Nouriel Roubini, Financial Reform, Too Big to Fail, Banks, Financial Crisis, Alan Greenspan, Paul Volcker, g20, Financial Regulation, Glass-Steagall, Business News

Although the G-20 finance ministers pledged stronger prudential regulation and financial oversight of systemically important firms at their September ...

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A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 11.03.2009 | Business

Read More: Tarp, Fdic, Wells Fargo, Bank of America, Larry Summers, Brooksley Born, Goldman Sachs, JP Morgan, Morgan Stanley, Bailout, Hedge Funds, CFTC Derivatives, Banking Crisis, Financial Crisis, Ben Bernanke, Timothy Geithner, Wall Street Bonuses, Citigroup, Glass-Steagall, Paul Volcker, Business News
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

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Bust Up the Banks Before it's Too Late

Diane Francis | Posted 10.27.2009 | Business

Read More: Goldman Sachs, Goldman Sachs Bonuses, Banks, Banking Crisis, Bonuses, Bank Bailout, Bank Bonuses, Wall Street Bonuses, Glass-Steagall, Banking-Crisis, Business News
Diane Francis

The world's concentrated financial sector has been grabbing more than its fair share of wealth. We desperately needs Glass-Steagall on steroids.

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Wall Street Follies: The Next Act

New York Times | GRETCHEN MORGENSON | Posted 10.25.2009 | Politics

Read More: House Financial Services Committee, Bailout, House Agriculture Committee, Obama Adminstration, Financial Reforms, Federal Reserve, Wall Street, Ag Committee, Derivatives, Economy, Financial Reform, Obama, Reform, The Fed, Consumer Protection Bill, White House, Financial Services Committee, Glass-Steagall, Politics News

It certainly sounded good. Hoping, perhaps, to persuade a dubious public that curbing reckless business practices is indeed a Washington priority, t...

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Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 10.23.2009 | Business

Read More: John S. Reed, John Reed Citi, Gramm-Leach-Biley Act, Too Big to Fail, Paul Volcker, Barack Obama, Paul A. Volcker, Sanford Weill, Bailout Bandits, Citibank, Financial Crisis, Glass-Steagall Act, Sandy Weill, Glass-Steagall, Citigroup, Business News

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

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Obama Administration Determined to Usher in New Great Depression

Allison Kilkenny | Posted 10.21.2009 | Business

Read More: Investment Banks, Commercial Banks, Gramm-Leach-Biley Act, Economy, President Obama, New York Times, Timothy Geithner, Paul Volcker, Lawrence Summers, Glass-Steagall, Business News
Allison Kilkenny

Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.

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Reading The Pictures: Volcker and the White House: Not Too Big To Flail

Michael Shaw | Posted 10.21.2009 | Politics

Read More: Christine Roemer, Larry Summers, Paul Volker White House, Glass-Steagall, Paul Volker White House Economic Advisory Board, Chair of the Council of Economic Advisors, Larry Summers Paul Volcker, Paul Volcker Obama, Paul Volcker, Politics News
Michael Shaw

2009-10-21-1.jpgBeyond the pure shame of it, this photo of the Obama economic team is almost too painful to look at.

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Citigroup is Well Run: Why The Treasury's Plan Will Fail

Bruce Judson | Posted 10.12.2009 | Business

Read More: Bruce Judson, Financial Bailout, Bailout, Glass-Steagall, Citigroup, Treasury Department, Citigroup Bailout, Remaking Fiscal Policy, Treasury Department Stress Tests, Citigroup Management Good Review, Business News
Bruce Judson

The modern history of finance, combined with ever advancing technology, shows that the locus of the next crisis is not predictable. We will always be regulating to prevent the causes of yesterday's failure.

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Restoring Trust in Our Economic System and the Institutions of Our Democracy

Bruce Judson | Posted 11.21.2009 | Business

Read More: Fcic, Wall Street, Pecora Commission, Bailouts, Tarp, Sec, Glass-Steagall, Business News
Bruce Judson

America is becoming an angry nation, with diminished faith in its institutions. There is a growing sense among all but the wealthiest Americans that "the game is rigged" against them.

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The Continuing Disaster of Wall Street, One Year Later

Robert Reich | Posted 11.14.2009 | Business

Read More: Tarp, Goldman Sachs, Wall Street Bailout, JP Morgan, Bailout, Wall Street, TARP Money, Lehman Brothers, Economy, Economic Crisis, Financial Crisis, Obama TARP, Barack Obama, Glass-Steagall, Business News
Robert Reich

Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.

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'Government Sachs' Strikes Gold ... Again

Robert Scheer | Posted 08.14.2009 | Business

Read More: Robert Scheer, Henry Paulson, Bailout, Goldman Sachs, Economy, Lehman Brothers, Aig, Timothy Geithner, Obama, Treasury Secretary, Glass-Steagall, Business News
Robert Scheer

The federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.

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Madoff Inquiries "Pale" In Comparison To Financial Crisis

Reuters | Matthew Goldstein | Posted 07.31.2009 | Business

Read More: Pecora Commission, Pelosi Investigation, Financial Probe, Madoff, Bernard Madoff, Pelosi, Financial Crisis, Financial Inquiry, Speaker Nancy Pelosi, Glass-Steagall, Business News

Even as Ponzi king Bernard Madoff goes away to prison for the rest of his life and then some, there are still so many unanswered questions -- both big...

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The Good, the Bad, the Ugly: Financial Sector Regulation

Robert Weissman | Posted 07.18.2009 | Business

Read More: Derivative, Executive Compensation, Mortgage, Wall Street, Predatory Lending, Financial Crisis, Leverage, Consumer Protection, Executive Pay, Cramdown, Financial Regulation, Campaign Finance, Glass-Steagall, Foreclosure News, Business News
Robert Weissman

There's no question that Wall Street is going to mobilize -- is already mobilized -- to defeat the administration's positive proposals.

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The Babble Over Regulatory Reform, Cont'd

Robert Teitelman | Posted 07.17.2009 | Business

Read More: Politics, Wall Street, Obama Policies, Economic Policy, Tim Geithner, Regulation, Larry Summers, Monetary Policy, Robert Teitelman, Business, Glass-Steagall, Paul Volcker, Obama Administration, Business News
Robert Teitelman

Nobody just announces anything anymore. Before anyone in Washington can get lunch, it has to be leaked, briefed, previewed in speeches, summarized in ...

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Sex, Spitzer, Derivatives: Using Our Outrage

Ari Melber | Posted 04.25.2009 | Politics

Read More: Gramm, Dorgan, Derivatives, Bank, Spitzer, Deregulation, 2008 Campaign, Bank Regulation, Glass-Steagall Act, Gao, Glass-Steagall, New York-New York, Politics News
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.

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