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Too Big to Fail

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...

Jason Linkins

Byron Dorgan Slams Fellow Dems On FinReg Reform (VIDEO)

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

Yesterday, Senator Byron Dorgan (D-N.D.) took to the well of the Senate to introduce his amendment banning naked credit-default swaps. Along the way...

Banksters (A Poem)

Patricia O'Connor | Posted 05.25.2011 | Business
Patricia O'Connor

Where are the emails from Fed and Treasury/ To Goldman, Lehman and AIG?/ Until we know who knew what and when/ How can we trust a single one of them?

The Big Bank Lobby: Too Big to Bear?

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Bailed out by taxpayers, the big banks are emerging from the financial crisis larger and more concentrated than ever. Their very size offends market competition. Entities that are too big to fail cannot be disciplined by the market. Worse, their size and wealth also undermine democratic accountability. That's why changing the industry's business model and breaking up the banks that are too big to fail are vital steps towards the new economy that we build out of the ruins of the old. This fight must go on.

Arthur Delaney

Big Bank Takeover: Report Blames Revolving Door For 'Too Big To Fail'

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

How have big banks preserved their "Too Big To Fail" status? With giant bags of money and an army of lobbyists who used to work in government, says a ...

Shahien Nasiripour

Senator Calls For Aggressive Financial Reform, Deplores Current 'Incremental' Steps

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A senator is calling for the break-up of megabanks and a firmer separation between Main Street banking and Wall Street trading, joining the ranks of l...

What's Still Worth Fighting for on Wall Street Reform?

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

The most important fight from here on out is protecting the surviving elements of the derivatives bill crafted by Sen. Blanche Lincoln. Lincoln's bill would force big banks who deal derivatives to spin off those operations into separate companies.

Shahien Nasiripour

Fed's Kocherlakota: Financial Reform Bill Can't End Bailouts Or 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Despite declarations from President Obama, his top aides and Democratic leadership that the pending financial reform bill in the Senate will forever e...

The White House Should Stop Pandering to the Street and Support Three Critical Banking Reforms

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The White House is dismissing the three financial regulatory reform amendments that are necessary to restore trust in our financial system. Will there be a course correct before it's too late?

Move Our Money: Why Universities Should Join the Movement

Dan Apfel | Posted 05.25.2011 | College
Dan Apfel

You know where you keep your money, but where do the institutions where you go to school, work and live keep their money? Most of them have accounts with one or more of the major banks.

Stopping Too Big to Fail is Vital to a Healthy Economy

Sam Zamarripa | Posted 05.25.2011 | Business
Sam Zamarripa

Despite assurances from federal regulators and lawmakers large financial institutions with concentrated positions in risky assets continue to pose a significant threat to our still fragile financial markets.

Way Too Big to Save

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Big banks have a funding advantage -- the implicit government guarantee makes it easier for them to raise capital and cheaper for them to borrow money. They will always only become larger.

Maryland Legislature Considers Move Your Money Approach To State Business

Baltimore Sun | Eileen Ambrose Personal Finance | Posted 05.25.2011 | Business

The Maryland General Assembly is considering legislation that would essentially give state-chartered banks an edge when bidding to serve state agencie...

Shahien Nasiripour

Wall Street Vet Involved In 1998 Long-Term Capital Management Bailout Says Nothing Has Changed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Ten years before this latest crisis, the U.S. government engineered the bailout of a financial firm that had borrowed billions of dollars to make big ...

Hank Paulson: 'A Young Paul Newman' Would Best Portray Me On Film

Postcards | Patricia Sellers | Posted 05.25.2011 | Business

In an interview with John Mack at NYU's Stern School last night, Patricia Sellers writes, "...Mack truly flustered the former Treasury boss when he as...

HBO's 'Too Big To Fail' Movie: Andrew Ross Sorkin's Book Acquired By HBO

Deadline.com | Posted 05.25.2011 | Media

An HBO movie about the 2008 financial meltdown is finally moving. HBO has acquired rights to Too Big to Fail, the bestselling book by New York Times r...

Dallas Fed President: Break Up Big Banks

James Kwak | Posted 05.25.2011 | Business
James Kwak

Seen in an abstract light, we can have no assurance that any new regulations will actually work to prevent a financial crisis or defuse one, so the safer option is to break up the big banks.

Richard Fisher, Dallas Fed President, Urges New Pact To Break Up Big Banks

bloomberg.com | Scott Lanman and Michael McKee | Posted 05.25.2011 | Business

March 3 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher called for an international pact to break up banks whose collapse would...

Shahien Nasiripour

Fresh Ideas From Leading Thinkers For True Financial Reform

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

What will it take to fix the nation's broken financial system? If anyone really knows for sure, it's the great minds gathering in New York for a confe...

Credit Default Swaps Are Dangerous, US Taxpayers Are Still On The Hook

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Derivatives are responsible for much of the interconnectedness between banks and other institutions that made the financial collapse accelerate in the...

Peter Boone and Simon Johnson:

Shooting Banks | Peter Boone and Simon Johnson | Posted 05.25.2011 | Business

Rahm Emanuel famously said, "You never want to let a serious crisis go to waste." But, as the White House begins to campaign for the November midterms...

Dodd & Corker's Financial Deal: "Bipartisan"? Sure. "Creative"? Maybe. Effective? No.

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

It's bad enough that consumers are likely to get the short end of the stick with the Dodd-Corker financial regulation deal. What may be even worse is that it's a recipe for bureaucratic gridlock and regulatory impotence.

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?

Deceptive Big Bank Ads Will be Key to Election 2010

Mary Bottari | Posted 05.25.2011 | Politics
Mary Bottari

Groups for and against the current financial reform bills have already conducted their polls, polished their messages and are starting to engage in ad-war skirmishes.