iOS app Android app

Too Big to Fail

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.

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...

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. ...

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?

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.

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...

Solving "Too Big to Fail": The Pursuit of Clarity

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

As much as Main Street needs strong community, regional, and national banks, we also need a central banking system to assert our national interests in the global economy.

Eugene Fama: 'Too Big To Fail' Perverts Activities And Incentives

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

In our continuing financial debate, one of the central myths - put about by big banks and also not seriously disputed by the administration - is that ...

Simon Johnson Talks '13 Bankers,' Why Banks Should Be Small Enough To Fail (VIDEO)

Posted 05.25.2011 | Books

Simon Johnson, HuffPost blogger, MIT professor, and author of the new book, "13 Bankers," explained on the "Today Show" this morning why nothing reall...

Shahien Nasiripour

Top Fed Official Wants To Break Up Megabanks, Stop The Fed From Guaranteeing Wall Street's Profits [EXCLUSIVE]

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Click on the next page and scroll down for audio of the interview The U.S. should bust up its megabanks and impose strict laws curbing the size and c...

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...

Jamie Dimon Blasts 'Demonization' Of Big Banks In Annual Shareholder Letter

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

In his annual letter to shareholders, Jamie Dimon, the CEO of JPMorgan Chase, criticized the "demonization" of big banks and argued for the economic b...

Simon Johnson Explains 'Too Big To Fail' On The 'Colbert Report'

Posted 05.25.2011 | Books

Failure is good? Stephen Colbert pressed Simon Johnson incredulously on Tuesday night during the "Colbert Report." "Yes, that's the essence of a mar...

Focus Financial Reform on the "Too Big" Part: That's What Will Prevent Economic Collapse

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

It is the devastating "collateral" damage to the rest of the economy -- you and me -- that a big bank failure causes that should be absolutely prevented.

Paul Volcker, Elizabeth Warren, Ted Kaufman: We Need New Law

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

(From the author of the book 13 Bankers, out tomorrow) Some people at the top of the administration begin to understand that it makes both economic ...

Is Paul Volcker Barack Obama's Potted Plant?

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

If after all the fanfare, photo ops, and promises to fight, the Obama administration shamefully doesn't manage to get the Volcker rules into an already weak financial reform bill, I hope Volcker doesn't wait until the next life to speak out.