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Too Big to Fail

Will the Real Obama Please Stand Up for Reform? Six Ways to Know if the Financial Reforms Are for Real

Les Leopold | Posted 05.25.2011 | Politics
Les Leopold

Obama's working from a flawed theory: "There is no dividing line between Main Street and Wall Street. We are all in this together as one nation." Really? The entire story of this crisis is about how we are not in this together.

How to Fix the Wall Street Reform Bill

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Washington has tied itself in knots trying to find a way to thwart "too big to fail" without cutting megabanks down to size. It can't be done. When something is too big, the solution is to make it smaller.

Shahien Nasiripour

Obama Cooper Union Speech: Financial Reform Speech To Keep Pressure On Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

With Goldman Sachs's top leaders in attendance, President Barack Obama urged financial executives to work with him in passing the financial reform bil...

Financial Reform: What Should The President Say On Thursday?

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

On Thursday, President Obama will give one of the defining speeches of his presidency. Most presidents are remembered for only 2 or 3 policies or eve...

Is Being Anti-Goldman Sachs Being Anti-American?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The real scandal of the entire bailout mess was how money was funneled through AIG to pay "counterparties" like Goldman Sachs 100 cents on the dollar.

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.

Time To Declare War on Big: Killing America's Giants

Rob Kall | Posted 05.25.2011 | Business
Rob Kall

Big corporations destroy cultures.

Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

Financial Debate Renews Scrutiny On Size Of Banks

New York Times | Posted 05.25.2011 | Business

As the debate over the regulatory overhaul heated up this week, a populist minority in both Congress and the Fed requested a revisit to the size issue...

Golden Bull

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Republicans are threatening to filibuster a bill to regulate the big banks and hedge funds that trashed our economy and that would be the greatest gift they could possibly give Democrats.

You Think The Government Doesn't Want Big Banks? Think Again

Tyler Cowen | Posted 05.25.2011 | Books
Tyler Cowen

How much political power do the big banks have? I'd like to air a skeptical note and ask whether they're really running the show. To most people t...

George Carlin Was Right, About the Death Penalty and Bankers

Richard Greener | Posted 05.25.2011 | Business
Richard Greener

George Carlin didn't quite live long enough to see the Great Wall Street Heist of 2008. But it doesn't take much to imagine his reaction to "Too Big To Fail."

'Move Those Dollars': Anti-Usury Campaign Shares Principles With Move Your Money (VIDEO)

Posted 05.25.2011 | Business

It may have sounded like music to the ears of Move Your Money proponents. Chants of "move those dollars" and "move that money" rang out last week i...

Thomas Hoenig: Top Fed Official Says Financial Reform Favors Wall Street Over Main Street

New York Times | Posted 05.25.2011 | Business

Unfortunately, the proposal for regulatory reform now before the Senate does not eliminate the concept of too-big-to-fail, and it deliberately narrows...

It's Time to Cut Goldman Sachs and the Rest of Them Down to Size

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.

Goldman Sachs: Too Big For Jail?

Don McNay | Posted 05.25.2011 | Business
Don McNay

Just because the SEC filed a lawsuit, it doesn't mean they will win. Goldman Sachs could easily prevail. Before we start breaking out the champagne, let's look at what is actually going on.

Ryan Grim

Senate Votes For Wall Street; Megabanks To Remain Behemoths

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

A move to break up major Wall Street banks failed Thursday night by a vote of 61 to 33. Three Republicans, Richard Shelby of Alabama, Tom Coburn of O...

SIMON JOHNSON Gulf Oil Spill Shows Why Living Wills Fail In Finance

New York Times | Simon Johnson | Posted 05.25.2011 | Business

A central idea in the financial regulations undergoing final negotiation in the United States -- and in similar initiatives in Europe -- is that large...

The Only Way to Prevent Another Bailout of Wall Street is to Cap the Size of Wall Street's Big Banks

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The so-called "resolution" mechanism the Democrats are pushing to wind down any big bank that gets into trouble is a step in the right direction. But it won't work if two or more giant banks are simultaneously endangered.

Shahien Nasiripour

Bernanke: Financial Reform Could Limit Megabank Growth, But Won't End Too Big To Fail

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke said Wednesday that the pending financial reform legislation before Congress could have the effect of simplifyin...

Shahien Nasiripour

Charles Plosser, Philadelphia Fed Chief, Criticizes Financial Reform Bills, Says They Don't End 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Federal Reserve official reiterated his call Wednesday for a tougher approach to ending Too Big To Fail, arguing that the current pending legisl...

Friday Talking Points [119] -- Democrats, Sell Yourselves!

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Democrats won't succeed in getting public opinion behind their Wall Street reform if they let their opponents define the bill. So far, they've been doing an excellent job defining it themselves, for once.

The Case Against Jamie Dimon: Oligopoly, Pain, and Systemic Risk in Five Slides

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Here's the danger: the centralization of risk and power is leading us right into another disaster. We need to get the banking oligopoly under control. But Jamie Dimon is fighting back tooth and nail. And that's why we must fight Jamie Dimon.

Does Dow 11,000 Mean Total Victory for Wall Street?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Now that the Dow is shooting past 11,000, Congress has the perfect excuse to pass a pathetic set of watered down financial reforms. Arguments between Democrats and Republicans are for political show. The bankers already have won.

Shahien Nasiripour

Volcker: New Government Powers Won't Be Able To Dismantle Megabanks; Too Big To Fail Lives Despite Reform Bill

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Updated at 5:45 p.m. ET. Former Federal Reserve Chairman Paul Volcker believes the centerpiece of the administration's effort to end Too Big To Fail ...