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Too Big to Fail

JP Morgan Chase, Bernie Madoff's $64.8 Billion Ponzi Scheme and Crime on Wall Street

Dennis M. Kelleher | Posted 12.19.2014 | Business
Dennis M. Kelleher

Despite a deep, close and extremely lucrative relationship that lasted decades, JP Morgan Chase wasn't even required to publicly disclose the information that detailed its complicity in Madoff's scheme, including how much money it made and how.

The Speech That Could Make Elizabeth Warren the Next President of the United States

Miles Mogulescu | Posted 12.15.2014 | Politics
Miles Mogulescu

Elizabeth Warren represents a new politics in which, by challenging the power of the oligarchy, she has the potential of reclaiming the white working class for Democrats and uniting them with the coalition of professionals, single women, gays and minorities who elected Obama.

A New 'Too Big to Fail' Bank for the 1 Percent

Preeti Vissa | Posted 12.09.2014 | Business
Preeti Vissa

The Federal Reserve should reject the CIT/OneWest merger application. At the very least, regulators should stop the clock, hold public hearings and get some real community input before allowing this dangerous deal to proceed.

Zach Carter

The Fed Just Acknowledged Its Too Big To Jail Policy

HuffingtonPost.com | Zach Carter | Posted 11.22.2014 | Politics

WASHINGTON -- The federal government until recently shielded big banks from criminal prosecution out of concern that convictions may damage the financ...

Too Big Fails

Frank A. Weil | Posted 11.19.2014 | Business
Frank A. Weil

Left behind from that intense period of TOO BIG TO FAIL were the questions of why institutions were allowed in the first place to get too big and what could/should have been done to prevent them from getting that big. The questions then that drew the most attention were more regulations about balance sheet management and regulation, not the many other serious questions of problems with gigantism.

Big Banks Must Dare to Think the Unthinkable

Spiros Margaris | Posted 11.12.2014 | Business
Spiros Margaris

My proposal is a business model for big banks that will ensure a truly independent and conflict-free asset management, free from the influence of the bank's House View.

With Economic Justice For All

The Alternative Banking Group of OWS | Posted 11.11.2014 | New York
The Alternative Banking Group of OWS

With the nomination of Lorretta Lynch for attorney general, it is a crucial time to learn from past mistakes and oversights. We call on Lynch to learn from the past and work towards true accountability and fairness for all.

Credit Suisse: Crime Without Punishment

Bartlett Naylor | Posted 12.14.2014 | Business
Bartlett Naylor

If punishment is meant to deter crime, then perhaps the reason Wall Street seems undeterred from committing crimes is the fact that it doesn't face punishment.

Watch: Too Big to Jail?

Bill Moyers | Posted 12.06.2014 | Politics
Bill Moyers

Attorney General Eric Holder's resignation last week reminds us of an infuriating fact: No banking executives have been criminally prosecuted for their role in causing the biggest financial disaster since the Great Depression.

Shadee Ashtari

Attorney General Calls For Bigger Rewards For Wall Street Whistleblowers

HuffingtonPost.com | Shadee Ashtari | Posted 09.17.2014 | Politics

Attorney General Eric Holder is urging Congress to increase the amount of cash rewards federal prosecutors can pay whistleblowers that turn over evide...

A Main Street Way to Help Obese People

Don McNay | Posted 10.24.2014 | Business
Don McNay

"Don't you know things can change Things'll go your way If you can hold on for one more day" -Wilson Phillips I'm 55 years old and morbidly obese. ...

Bank Of America Agrees To Pay $16.65 Billion To Settle Mortgage Charges

Reuters | Posted 08.21.2014 | Business

WASHINGTON, Aug 21 (Reuters) - Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled inve...

Breaking Up (the Banks) May Not Be Quite So Hard to Do

Bartlett Naylor | Posted 10.20.2014 | Business
Bartlett Naylor

Six years after the financial crisis demonstrated that the mega-banks are too big to fail, regulators have now officially determined that more must be done before one can fail without triggering a bailout.

Shahien Nasiripour

'Too Big To Fail' Lives

HuffingtonPost.com | Shahien Nasiripour | Posted 08.06.2014 | Business

Eleven of the nation's largest banks have failed to convince federal regulators they could safely be wound down if they neared failure, government aut...

Shahien Nasiripour

Big Banks Remind Us Why We Should Be Scared

HuffingtonPost.com | Shahien Nasiripour | Posted 07.31.2014 | Politics

Three separate events in Washington Thursday served as reminders that America’s big banks continue to pose risks to college students, consumers, and...

Revealing Janet Yellen's 'Double Bluff' Strategy

Peter Paskale | Posted 09.30.2014 | Politics
Peter Paskale

Speaking slowly and clearly, and especially speaking slowly and clearly in a monotone, is the best way to throw someone's concentration off. That's the technique Janet Yellen used this week in an attempt to throw Senator Elizabeth Warren off-balance during a financial hearing.

Finance in America: Promoting Inequality and Waste

Dean Baker | Posted 09.27.2014 | Business
Dean Baker

There are many who want the government to play a rule in reducing inequality. That might be a desirable goal. However a higher priority would be to have the government stop playing a role in increasing inequality as it does with its support for the financial industry.

An Open Letter to Eric Holder and the Department of Justice

Carla Shutak | Posted 09.24.2014 | Politics
Carla Shutak

How do I, as a victimized consumer, apply for said relief? You see, many of us used-to-haves out here in the real world are still trying to claw and scrape our way out of the hole these financial institutions dug for us to live inside.

Michael McAuliff

Elizabeth Warren To Yellen: You Can Break Up The Big Banks

HuffingtonPost.com | Michael McAuliff | Posted 07.15.2014 | Politics

WASHINGTON -- Sen. Elizabeth Warren (D-Mass.) raised concerns Tuesday in a hearing about whether financial behemoths targeted by "too-big-to-fail" law...

Citigroup: The Original Gangsta

Robert Scheer | Posted 09.13.2014 | Business
Robert Scheer

Barack Obama's Justice Department on Monday announced that Citigroup would pay $7 billion in fines, a move that will avoid a humiliating trial dealing with the seamy financial products the bank had marketed to an unsuspecting public, causing vast damage to the economy.

Big Press on Bank of America Treatment of Whistleblower Michael Winston -- But, You'll Have to Read German!

Jerry Ashton | Posted 09.07.2014 | Business
Jerry Ashton

Germany's respected Handelsblatt, that country's parallel to the Wall Street Journal, recently devoted an entire section and a featured interview to the deliberate and ongoing crushing of American Michael Winston's finances and spirit by one of our country's largest banks.

Time to End the Era of 'Too Big to Fail'

Chris Meyer | Posted 08.25.2014 | Politics
Chris Meyer

Elizabeth Warren and John McCain aren't often on the same side of a debate in Washington. But the freshman Democratic senator and the veteran Republican lawmaker do agree that banking should be simpler and safer.

Watch: Wall Street's Secret Weapon: Congress

Bill Moyers | Posted 08.16.2014 | Politics
Bill Moyers

Why haven't any big bankers been prosecuted for their role in the housing crisis that led to the Great Recession?

Jon Ward

A Day With The New Populists

HuffingtonPost.com | Jon Ward | Posted 05.23.2014 | Politics

WASHINGTON -- Populism is fashionable in Washington these days. That's for good reason. Strong currents of dissatisfaction with the nation's capit...

Report: Big Bank Expected To Plead Guilty To End Tax-Evasion Probe

Reuters | Posted 05.15.2014 | Business

(Reuters) - Credit Suisse Group AG is expected to plead guilty and pay nearly $2.5 billion to U.S. authorities to end a probe of potential tax evasion...