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Too Big to Fail

Bury Our Banks in Style!

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

How can we bury the Too Small To Bailout banks in style? Here are a few suggestions.

Casting 'Too Big To Fail': Which Celebs Should Appear In The Movie Of The Financial Crisis? (PHOTOS)

Huffington Post | Ryan McCarthy and Grace Kiser | Posted 05.25.2011 | Business

It was just a matter of time before Hollywood got its hooks into the financial crisis. HBO recently announced that it had bought the rights to And...

Finally, a Bill to Reinstate Limits on Bank Size

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

A new Senate proposal calls for reinstating strict caps on the size of banks. It would mean breaking up at least five big banks.

The Ruse of Too Big to Fail

Sam Zamarripa | Posted 05.25.2011 | Business
Sam Zamarripa

Yes, systemic risks exist and interconnectivity extends risk into the fabric of our lives and businesses, but how did that risk get transferred to the federal government, then to you and me?

Canadian Banking Is Not The Answer

New York Times | PETER BOONE AND SIMON JOHNSON | Posted 05.25.2011 | Business

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Financial Reform: "Too Small to Succeed"

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

We need to understand that "regulatory capture" has become a way of life in Washington. The current reforms don't go nearly far enough.

Why the Finance Bill Won't Save Us

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The White House has jettisoned all measures in the finance bill that would change the industry's structure -- opting instead for more regulations. But regulations don't work if it's the underlying structure that got us into trouble in the first place.

Obama And Geithner Have A 'Man-Crush' On Each Other: New York Magazine

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Embattled Treasury Secretary Tim Geithner looms large in John Heilemann's New York magazine piece detailing the Obama administration's increasingly st...

Shahien Nasiripour

Key Senate Republicans Split On Financial Reform Plan

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Two Republicans on the Senate Banking Committee presented starkly different messages Wednesday on a key provision in the financial reform bill making ...

What Would You Ask Tim Geithner If You Had the Chance?

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

Whatever the reasons, the Geithner Treasury Department has suddenly come out swinging. They're pugilists in pinstripes now. But while the rhetoric's encouraging, Geithner's record is cloudy at best.

Shahien Nasiripour

Top Fed Official Says Megabanks Need To Shrink Or Crises Will Keep Occurring

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The U.S. financial system is tilted in favor of the biggest banks, compromising the "very foundation of the economic system" and putting the nation at...

Simon Johnson: 'Too Big To Fail' Banks Will Precipitate Another Meltdown

bloomberg.com | James Pressley | Posted 05.25.2011 | Business

[Alan] Greenspan the bank buster crops up near the end of "13 Bankers," Simon Johnson and James Kwak's reasoned look at how Wall Street became what th...

Bye-Bye to Bernanke's 'Insidious Banks': End 'Too Big to Fail' in Two Easy Steps

L. Randall Wray | Posted 05.25.2011 | Business
L. Randall Wray

If government had allowed markets to operate as Bear and Lehman went down, all of the big financial institutions would also have collapsed. As Bernanke now apparently realizes, that would have been a good thing.

How The Dodd Bill Could Affect Big Banks

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The Dodd bill raced out of the Senate Banking Committee last night but, even in its current incarnation, it's a bit unclear how it might affect large ...

Financial Reform Proposals By The Obama Administration Ignore 'Too Big To Fail': Simon Johnson

baselinescenario.com | Simon Johnson | Posted 05.25.2011 | Business

We agree completely with the administration's approach -- actually, with Elizabeth Warren's approach -- to consumer protection. (We make this clear i...

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

This week, after months of intense lobbying from corporate interests, the Senate passed a financial reform bill that is that D.C. specialty: "reform" that's been watered down within an inch of its life. Yes, it will create a much-needed Consumer Financial Protection Agency and requires an audit of the Fed. But it doesn't end "too big to fail" banks, doesn't create a 21st century Glass-Steagall firewall, and leaves open dangerous loopholes in the regulation of derivatives. And we can expect more loopholes to be inserted as the bill heads to conference committee. In public, the big banks groused. In private, they counted their record profits, watched their stocks go up after the Senate vote, and agreed that the $1.4 million a day the finance industry spent lobbying Congress -- including putting 70 former members of Congress and 940 former federal employees on its lobbying payroll -- was money well spent.

Too Big to Fail? Amidst Fiscal Crisis, Governments Must Take Dramatic Actions

Steve Rohleder | Posted 05.25.2011 | Business
Steve Rohleder

When recovery does come lawmakers must avoid the temptation to slip back into the old ways of doing business. They must focus on building an operation that can be sustained in any economic environment.

Six Key Fights for Wall Street Reform's Next Phase

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Thursday night's passage of Wall Street reform is an event to be celebrated, but several key issues remain in play as the House and Senate iron out differences between their respective versions of the legislation.

Confronting the Politics of Rage

Bob Burnett | Posted 05.25.2011 | Politics
Bob Burnett

The Tea Party movement has emerged as a "party" of platitudes rather than of policies, a group united by fury rather than a unifying philosophy. So how should Liberals communicate with them?

Celebrating Sen. Ted Kaufman, Accidental Leader

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Sen. Ted Kaufman has emerged as one of the Senate's fiercest critics of Wall Street and a champion of the need to push for a serious rebooting of our financial system.

Wall Street Reform Ends 'Too Big to Fail'

Sen. Jon Tester | Posted 05.25.2011 | Business
Sen. Jon Tester

Our entire economy almost collapsed a year-and-a-half ago because there were no referees on Wall Street. And sadly, hardworking, honest taxpayers paid the price. Our bill will prevent that from happening again.

In The Public Interest: Wall Street reform ain't over 'til it's over

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

The baseball philosopher Yogi Berra said "it ain't over 'til it's over." Anyone watching the Senate battle over Wall Street reform knows that. And d...

Shahien Nasiripour

Volcker: Regulators Can't Be Trusted To Act

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Former Federal Reserve Chairman Paul A. Volcker criticized bank regulators Wednesday, saying Congress needs to specifically act to rein in Wall Street...

SEC Snags the Understudy But Ignores the Big Players

Dan Solin | Posted 05.25.2011 | Business
Dan Solin

Given a self-styled stock market "psychic"'s track record, shouldn't the SEC place some constraints on members of the securities industry who purport to be able to predict the future?

Dodd's Wall Street Reform: READ THE BILL

Huffington Post | Adam Clark Estes | Posted 05.25.2011 | Business

Today, Sen. Christopher Dodd will unveil his financial regulatory reform legislation to the Senate Banking Committee. Based on some predictions, the b...