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Too Big to Fail

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 ...

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...

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...

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...

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.

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...

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.

Chris Dodd Gives Ground On Financial Reform Bill After Tough Criticism: Simon Johnson

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

Senator Chris Dodd has good political antennae. He knows that his financial reform bill will come under severe pressure because it has a weak heart -...

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Senator Shelby: Dodd Bill Doesn't Fix 'Too Big To Fail'

Posted 05.25.2011 | Business

Alabama Senator Richard Shelby, the ranking Republican on the Senate Banking Committee, has written a letter to Treasury Secretary Tim Geithner voicin...

Senator: Which Part Of 'Too Big To Fail' Do You Not Understand?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

If a megabank shut-down under pressure was impossible for our policymakers last year, how exactly will the situation change after the Dodd bill passes?

Even Capitalist Pigs Should Love Bank Regulation

Vitaliy N. Katsenelson | Posted 05.25.2011 | Business
Vitaliy N. Katsenelson

Greater government involvement in the financial sector is not something I thought I'd ever ask for, but it has turned into a necessity in order to preserve, not destroy, capitalism. At the risk of been kicked out of the Capitalistic Pig Party, I am in support of tighter regulation of too-big-to-fail (TBTF) institutions.

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.

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

...

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...

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

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...