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Too Big to Fail

Capitalism Is Dead, Long Live the Billionaire Bailout Society

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Is it still capitalism when bankers can "earn" a record $150 billion in bonuses during the worst financial year since the Great Depression, even though they caused the crash in the first place?

Elizabeth Warren: It's Bank Lobbyists vs. American Families In Fight For Financial Reform

Posted 05.25.2011 | Business

Elizabeth Warren appeared on "Real Time With Bill Maher" Friday evening to discuss financial reform. Warren, the chair of the Congressional Oversight...

Move Your Money Update: More Americans Considering Community Banks

NPR | 6:07 a.m. | | Posted 05.25.2011 | Business

Bailouts and bonuses have many Americans frustrated with big banks. Some consumers think these giant institutions have lost touch with customers and b...

Too Big To Lose

Daniel Lubetzky | Posted 05.25.2011 | Business
Daniel Lubetzky

Big firms wield so much influence that they can manipulate the outcome of their trades.

In The Public Interest: A Senator Stands Up To A Deceptive TV Ad

Ed Mierzwinski | Posted 05.25.2011 | Business
Ed Mierzwinski

Kudos to U.S. Senator Jon Tester (D-MT) for criticizing TV ads running in Montana and around the country which claim that Congressional efforts to rei...

BankBreakUp.Org: Valentine's Day Themed Bank Campaign Launched

anewwayforward.org | Posted 05.25.2011 | Business

"This Valentine's Day, it's time to break up with the big banks." Click below to see the full campaign....

Arthur Delaney

Bill To Move New Mexico's Money 'Has Legs'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

A bill to move New Mexico's money out of big national banks and into local banks and credit unions has some serious legs in the state's legislature. ...

Grayson Explains Capitalism To Banks (VIDEO)

Posted 05.25.2011 | Politics

"In capitalism, winners have to win and losers have to lose." Representative Alan Grayson (D-Fla.) laid out one of the most basic principles of capi...

Big Bank Customers Move Their Money And Explain Why

Posted 05.25.2011 | Business

Americans fed up with the lack of financial reform and the behavior of big Wall Street banks are moving their money to smaller community banks and cre...

Shahien Nasiripour

No Longer Too Big To Fail? Credit Rating Agency Thinks So

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The giant credit rating agency Standard & Poor's issued a stark warning Tuesday to creditors of Citigroup and Bank of America, two firms that up until...

Let's Call It "Pocketbook Populism"

Mark Green | Posted 05.25.2011 | Politics
Mark Green

Time to take back "populism" from Teabaggers and Palinites who've kidnapped it to only mean less government and taxes. Democrats need to define a phrase and philosophy that tells Independents we're on your side.

Citi Derivatives

Risk.net | Laurie Carver | Posted 05.25.2011 | Business

Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn ...

Congress, Not the Regulators, Must Draw Hard Lines

Ted Kaufman | Posted 05.25.2011 | Business
Ted Kaufman

Risk taking is a fundamental part of finance. Without risks, markets don't work. But the balancing act between safety on one side, and growth and innovation on the other, cannot tilt too far in the wrong direction.

New Import: "Too Big To Fail"

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Ranking the largest banks in the world, it's not until the number seven slot that we find a US bank: JP Morgan Chase. What's this mean? We can't solve the issues of derivatives, leverage, and short-sighted financiers until we talk to the rest of the world.

Big Banks: 18 Ways to Break Them Up

nytimes.com | HENRY ALFORD | Posted 05.25.2011 | Business

MANY economists say the nation's banks are too big. Here are some ways to break them up: Have the bank marry Larry King or Elizabeth Taylor....

Fed Governor Kevin Warsh: 'No Bank Should Be Too Big To Fail'

The Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

The debate over Ben Bernanke's reappointment, and his approach to the financial system, may after all have had some impact. In a speech yesterday, Ke...

"Golden Throne" Award for Securities and Bank Lobbyist

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

This year's award goes to SIFMA (the lobbying group for banks like Citigroup and B of A) who created a multinational "cashroots" campaign to portray its clients as "part of the solution" to the financial crisis.

Crash Test Ratings for Banks: Move Your Money Somewhere Safe

Ray Brescia | Posted 05.25.2011 | Business
Ray Brescia

Regulators or non-profit groups should create a bank safety rating system to allow customers to make informed decisions about where to move their money.

Citi Plans To Sell Private Equity Group

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Citigroup Inc (C.N) plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg repor...

Henry Paulson Defends Bailouts, Talks Economic Recovery In New Book "On The Brink" (VIDEO)

abcnews.com | Posted 05.25.2011 | Books

Henry Paulson, former Treasury Secretary and former CEO of Goldman Sachs, was on "Good Morning America" this morning to discuss his new book, "On the ...

Brian Moynihan: Bank Of America's CEO Says Bank 'Is Not Too Big' (VIDEO)

Posted 05.25.2011 | Business

The CEO of the nation's largest bank insists that his bank is actually not excessively large. According to Brian Moynihan, who took over for Ken Lew...

Bankers Support Global Bank Tax: Barclays, Deutsche Bank Execs Back 'Too-Big-To-Fail' Insurance Fund

Financial Times | Posted 05.25.2011 | Business

Some of the world's most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of figh...

Barney Frank: Bank Reforms Proposed By Obama Could Become Law Within Months

ft.com | Patrick Jenkins and Gillian Tett | Posted 05.25.2011 | Business

President Barack Obama's proposals to rein in the US banking sector and its practices could be enacted into law within six months, according to a key ...

George Soros: Obama Acted 'Too Quick' On Bank Regulation

AP | By EDITH M. LEDERER | Posted 05.25.2011 | Business

...

Arthur Delaney

Calif. Man Moves His Money The Wrong Way, Gets Burned By Bank

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Mike Iacuessa learned two things from his recent experience with a Wells Fargo checking account. First thing: It's expensive to be poor. Iacuessa s...