iOS app Android app

Too Big to Fail Banks

'Too Big To Fail' Plan Delayed Until 2011

Posted 05.25.2011 | Business

(SEOUL/BRUSSELS By Rachel Armstrong and John O'Donnell) - Steps to avoid "too big to fail" banks from destabilising markets and the world economy will...

Time to Break Up the Too-Big-to-Fail Banks?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

Looming losses from ForeclosureGate qualify as the sort of systemic risk warranting the breakup of the too-big-to-fail banks under the Financial Reform Bill.

Money and the Magic Pill

Don McNay | Posted 05.25.2011 | Business
Don McNay

Right now, the top six "too big to fail" banks control about 70% of the wealth in America. Here's how we can all change that.

Wall Street Dodged Financial Regulation, Says Banking Exec

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

I asked him about how seriously Wall Street takes the upcoming financial regulation. "It's taken seriously only how it could impact profits, not taken...

You Can Help Break up Too Big to Fail Mega-Banks: Here's How

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

Representatives Sherrod Brown and Ted Kaufman have introduced the "Safe Banking Act" which would put a hard cap of 3% of Gross Domestic Product on the assets of all bank holding companies.

Wall Street Wants Its Name Changed to Casino Canyon?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Under the rules governing high finance, bankers can win every time. They're essentially serving as "the house" within a vast global casino. That yields a lot more cash than moving the nation's savings into productive investments.

Don't Forget the Kanjorski Amendment

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The Kanjorski amendment is important for the next time a major bank gets into serious trouble. Judging from their current swagger and the slogans you hear from top bankers, we only have to wait a few years for the next bailout cycle.

Does Size Matter? Simon Johnson vs. Paul Krugman on Whether to Break Up "Too Big to Fail" Banks

Miles Mogulescu | Posted 05.25.2011 | Business
Miles Mogulescu

Paul Krugman and Simon Johnson are two of my favorite economic commentators, but when it comes to the issue of breaking up mega-banks, they take dramatically opposing positions.

Why We Must Break Up the Big Banks

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Breaking up the banks does not guarantee good regulation. However, a break-up of the big banks will at least give the country some hope that things can change.

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.

Banks Want Public Relations Makeover

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

The efforts of the big banks to make over their images is a big shift from a year ago. After Washington's huge bailout of their industry, many financi...

Even Capitalist Pigs Should Love Bank Regulation

Vitaliy N. Katsenelson | Posted 05.25.2011 | Business
Vitaliy N. Katsenelson

Greater government involvement in the financial sector is not something I thought I'd ever ask for, but it has turned into a necessity in order to preserve, not destroy, capitalism. At the risk of been kicked out of the Capitalistic Pig Party, I am in support of tighter regulation of too-big-to-fail (TBTF) institutions.

Stopping Too Big to Fail is Vital to a Healthy Economy

Sam Zamarripa | Posted 05.25.2011 | Business
Sam Zamarripa

Despite assurances from federal regulators and lawmakers large financial institutions with concentrated positions in risky assets continue to pose a significant threat to our still fragile financial markets.

Big Banks: 18 Ways to Break Them Up

nytimes.com | HENRY ALFORD | Posted 05.25.2011 | Business

MANY economists say the nation's banks are too big. Here are some ways to break them up: Have the bank marry Larry King or Elizabeth Taylor....

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.

HuffPost Editor Roy Sekoff Talks About Obama's Bank Tax: 'It's A Start' (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

HuffPost Editor Roy Sekoff appeared on The Ed Show Thursday night to weigh in on the new bank tax put forward by President Obama. While Sekoff called...

GTS, Massive Citigroup Unit, Continues To Grow

wsj.com | DAVID ENRICH | Posted 05.25.2011 | Business

Even as federal officials move to rein in the nation's biggest banks, one chunk of giant Citigroup Inc. keeps expanding -- with the help of the U.S. g...

Shahien Nasiripour

Too Big To Fail: House Proposal Would Allow Feds To Break Up Biggest Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A key House Democrat released on Wednesday his much-awaited proposal to end "too big to fail": Let the federal government break them apart. Paul Kanj...

Newsweek: Geithner Needs To Put Failing Banks Out Of Their Misery

Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

It was a classic populist spectacle, reminiscent of William Jennings Bryan's "Cross of Gold" speech or Huey Long's mid-Depression campaign to "Share t...