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Too Big to Fail

Timothy Geithner: How To Prevent America's Next Financial Crisis

Timothy Geithner | Timothy Geithner | Posted 05.25.2011 | Business

The Senate bill is strong. It would create an independent agency to better protect American families across the financial marketplace. It would protec...

Ryan McCarthy

'The Fourteenth Banker,' Anonymous Bank Insider, Describes His Moral Crisis: 'The System Is Built To Be Gamed'

HuffingtonPost.com | Ryan McCarthy | Posted 05.25.2011 | Business

"The system is built to be gamed." "The voices of dissent are not being heard." These are the words of an anonymous executive at one of Americ...

Credit Unions Begin To Promote Their Strengths

New York Times | ANDREW MARTIN and RON LIEBER | Posted 05.25.2011 | Business

Credit unions have a reputation for being rather dull and conservative, and for decades, America's First Federal Credit Union in Birmingham, Ala., was...

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.

Citigroup: Still A Member Of The 'Too Big To Fail' Club, Says Moody's

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Citigroup still maintains full membership in the 'Too Big To Fail' club, according to a report released today by Moody's. (Hat tip to WSJ's Real Time ...

New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011 | Media
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

Shahien Nasiripour

ANOTHER Fed Official Says Senate Bill Doesn't End 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Senate financial reform bill serving as the base text for Congressional negotiations doesn't end the perception that the nation's largest financia...

Shahien Nasiripour

Regional Fed Chiefs Lining Up To Support Tough Derivatives Provision, Obama Admin. Still Opposed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Another top Federal Reserve official offered his support this week to a Senate provision that would force megabanks to spin off their lucrative and ri...

Big Banks Make Desperate Last Ditch Effort to Weaken Wall Street Reform

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

Big Bank lobbyists would love to stick a shiv in important provisions of the financial bill as quietly as possible. Unfortunately for them, the Democratic leadership has done everything it can to make quiet back room dealing difficult.

Is there a Global War Between Financial Theocracy and Democracy?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The financial reform bill is virtually designed to institutionalize "too big to fail." And when it's reconciled we'll lose another battle in the ongoing war between global financial markets and democratic nation-states.

Shahien Nasiripour

Top Hawk On Fed Supports Restricting Banks' Derivatives Bets, Goes FURTHER Than Obama

HuffingtonPost.com | Shahien Nasiripour | Posted 06.10.2010 | Business

The top fiscal hawk and longest-serving policy maker in the Federal Reserve supports limiting banks' derivatives activities, a potential blow to Wall ...

A Tax Day Protest We Can All Get Behind

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Big bankers know how to dodge taxes on their earnings and bonuses leaving middle class Americans holding the bag. The solution? It's time to take it back.

An Economy Not Worth Saving

Dale Pendell | Posted 05.25.2011 | Business
Dale Pendell

Let the recession come. The earth needs a recession, badly, globally.

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.

Senior Fed Official: White House Is Dead Wrong

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

If the legislation currently being debated by the legislature is not real financial reform (and it is not, according to Fisher), then our current policy trajectory amounts to facilitating further rounds of financial dementia.

In The Public Interest: A Stroll Down Main Street Finds Fans of Financial Reform

Shannon Nelson | Posted 05.25.2011 | Politics
Shannon Nelson

Main Street in Wisconsin is just like Main Street everywhere else, and we're wondering if the U.S. Senate back East will stand up for us this spring. ...

Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...

Break Up the Banks

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The only way to make sure no bank it 'too big to fail' is to make sure no bank is too big. If our current leaders fail to do this, you have every reason to believe it's because Wall Street has paid them not to.

Shahien Nasiripour

Big Banks Dominate U.S. Banking System: Study

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Just 16 banks account for more than half of the assets in the nation's banking system, new data show. The banks -- all of which have more than $100 b...

Greenspan's Testimony: Will the 'Maestro' Face the Music?

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

Greenspan will attempt to obfuscate. He will condescend, lecture, and distract. For the sake of the country, and to understand how we arrived here, the Angelides Commission must not allow that to happen.

Larry Summers: 'Senator Kaufman Is Exactly Right'

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The coming legislative debate will clearly divide people into "for" and "against" our massive global banks that have so manifestly gone bad. For the last time: Which side does the president really want to be on?

Let's Break Up the Big Banks -- We Have the Power

Levana Layendecker | Posted 05.25.2011 | Politics
Levana Layendecker

Wall Street may own Washington politicians, but they don't own us. It's time to take matters into our own hands. It's time for us to put our money where our mouth is and leave these corrupt banks behind.

Shahien Nasiripour

Richard Fisher, Top Fed Official: Too Big To Fail Lives On, Only Way Out Is To Shrink Megabanks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Federal Reserve official blasted the Senate's financial reform bill Thursday night, arguing that it does little to end the perception that megab...

Shahien Nasiripour

Senate Financial Reform Bill DOESN'T End Too Big To Fail, Major Credit Rating Agency Says

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

So much for ending Too Big To Fail. The financial reform bill championed by the Obama administration and Senate Democrats as permanently ending the i...

Nouriel Roubini

Huffington Post | Nathaniel Cahners Hindman | Posted 05.25.2011 | Business

The world's largest financial institutions are not only too big too fail, says Nouriel Roubini, an economics professor at NYU's Stern School Of Busine...