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Too Big to Fail

JPMorgan Takes Big Hit

AP | By STEVE ROTHWELL | Posted 04.13.2014 | Business

NEW YORK (AP) — JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in inve...

Citi to Help Unemployed Youth? Oh, the Irony!

Richard (RJ) Eskow | Posted 04.11.2014 | Business
Richard (RJ) Eskow

Here's a story that resonates with so many layers of bitter irony that it's hard to know where to begin. So we'll start with the headline: "Citi Foundation to Help Teens Find 'Pathways to Progress.'"

Taibbi: U.S. Should Be Ashamed It Treats Pot Smokers Worse Than Wall St. Criminals

The Huffington Post | Alexander C. Kaufman | Posted 04.08.2014 | Business

A Wall Street bank accused of laundering money for drug cartels only had to pay a fine. Meanwhile, a man caught with a joint in his pocket had to spen...

How 'Too Big to Fail' Became 'Too Big to Manage'

Bob Swarup | Posted 04.07.2014 | Business
Bob Swarup

The recent spat between the Federal Reserve and Citigroup underscores the complexity of today's banking balance sheets. The episode is a warning shot across the bows of regulators.

'Too Big To Fail' Is Still Alive And Well

Reuters | Mike Dolan | Posted 04.02.2014 | Business

LONDON (Reuters) - Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big ...

Reflections on Too Big to Fail

Douglas Holtz-Eakin | Posted 03.26.2014 | Business
Douglas Holtz-Eakin

Too big to fail may be a problem. But it is no larger or smaller than the problem of good policy itself.

Fed Study Reveals Large Advantage Of Too Big To Fail

Reuters | Posted 03.25.2014 | Business

(Adds Fed's Fisher, bank group comment) By Emily Stephenson and Jonathan Spicer NEW YORK, March 25 (Reuters) - A landmark study by Federal Reser...

The War on Democracy: The Deep State

Bob Burnett | Posted 03.07.2014 | Politics
Bob Burnett

Over the course of the past decade, the doyens of the left, Peter Dale Scott and Noam Chomsky, began to use the term "deep state" to refer to the relatively small number of Washington and Wall Street player who actually control America.

Can We Escape Bank Regulation by Lawsuit?

John Fullerton | Posted 02.20.2014 | Business
John Fullerton

When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?

Hillary Clinton's Achilles Heel: 2016

Jeanne Zaino | Posted 04.17.2014 | Politics
Jeanne Zaino

Wall Street is to Clinton's chances in 2016 what the Iraq War was in 2008. The only question now is whether the far left can find another Obama to make this case to primary voters? While it seems unlikely at this point, it is still early enough that anything is possible.

Too Often, American Justice Is Injustice

Michael Shammas | Posted 04.14.2014 | College
Michael Shammas

Our state of affairs goes against a pinnacle of American justice, equality before law, facilitating everything from war crimes, to torture, to domestic spying, to a predatory, ravenous Wall Street that feeds on the middle class with impunity.

Loehmann's: Shopping With Benefits

Sybil Adelman Sage | Posted 04.02.2014 | Style
Sybil Adelman Sage

In the communal dressing room at Loehmann's, stripped down to our Spanx and cellulite, as we tried on up to eight garments, the maximum allowed, we tu...

Movie Review: Hank: Five Years From the Brink

Marshall Fine | Posted 03.30.2014 | Entertainment
Marshall Fine

Now, we get Hank: Five Years from the Brink, in which former U.S. Treasury Secretary Henry "Hank" Paulson gives us a play-by-play of how he, Fed Chairman Ben Bernanke and Federal Reserve chairman Timothy Geithner, kept everything from collapsing while alternately massaging and challenging the various egos that ran the nation's largest banks.

Holder: No Banks Are Too Big To Jail

Reuters | Posted 01.24.2014 | Business

WASHINGTON (Reuters) - No American financial institution is too large to indict and no bank executive immune from criminal prosecution, Attorney Gener...

Wall Street's War

Richard (RJ) Eskow | Posted 03.23.2014 | Politics
Richard (RJ) Eskow

Wall Street bankers made extraordinary sums of money through fraud, without being held accountable for the crimes that enriched them. Their values are polluted and their ethics are tainted. Justice has yet to be served, and the public has yet be adequately protected through regulation and oversight.

Wall Street's All-Out War Against Financial Regulation Continues Unabated

Dennis M. Kelleher | Posted 03.18.2014 | Business
Dennis M. Kelleher

Only in the warped, distorted, Alice-in-Wonderland world of Wall Street would one think "Washington went to war against big Wall Street banks" or that "Washington won [the war] in a blowout," as said today in a Politico article.

Shahien Nasiripour

Federal Reserve: Deepwater Horizon Oil Spill Is What Scares Us About Banks In Physical Commodities

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

The Federal Reserve took a potential step Tuesday to limit big banks’ activities in physical commodities, publicly outlining concerns with bank inve...

Shahien Nasiripour

Wall Street May Win As Federal Reserve Prepares To Punt On Physical Commodities

HuffingtonPost.com | Shahien Nasiripour | Posted 01.25.2014 | Politics

Big banks are poised to reap a significant victory in their fight to maintain lucrative businesses hoarding, selling and trading physical commodities ...

Zach Carter

Why This Democrat Thinks His Colleagues Are 'Cockroaches'

HuffingtonPost.com | Zach Carter | Posted 12.19.2013 | Politics

Rep. Peter DeFazio (D-Ore.) compared his Capitol Hill colleagues to "reverse cockroaches" on Thursday for stripping a major bipartisan budget deal of ...

Shahien Nasiripour

With The Lights On, 99 Senators Voted Against Wall Street. The Lights Went Off And They All Fled

HuffingtonPost.com | Shahien Nasiripour | Posted 01.23.2014 | Politics

WASHINGTON -- The nation’s biggest banks have quietly dodged a measure expressing Congress’s desire to eliminate the unfair advantages they may en...

JPMorgan Goes After Feds For More Than $1 Billion

Reuters | Posted 02.17.2014 | Business

By Bernard Vaughan NEW YORK, Dec 17 (Reuters) - JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court ...

Kindea Labs Animates Elizabeth Warren

Jonathan Ezer | Posted 01.25.2014 | Politics
Jonathan Ezer

Elizabeth Warren recently published an op-ed proposing a new law to address the root causes of the financial crisis. We liked it, so we animated it, using some of our latest techniques.

Clinton and Warren

Jeff Danziger | Posted 01.13.2014 | Politics
Jeff Danziger

2013-11-13-danzigclintonwarren1113.jpg

Luke Johnson

Warren Sounds BIG Warning About Financial System

HuffingtonPost.com | Luke Johnson | Posted 11.12.2013 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) warned in a speech Tuesday that the problem of banks considered "too big to fail" has only gotten worse ...

Shahien Nasiripour

New York Fed Chief Levels Explosive Charge Against Big Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 11.08.2013 | Business

The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the ...