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Too Big to Fail

What Caused the Financial Collapse of America?

Francine Hardaway | Posted 05.25.2011 | Business
Francine Hardaway

I'm reading Andrew Ross Sorkin's Too Big to Fail, and it is making me sick.

Europe, the U.S. and breaking up the banks

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Now it gets interesting. With the recovery at least beginning, European and now British regulators are clearly leaning toward a more competitive banki...

Too Big To Fail: The Secret Hank Paulson-Goldman Sachs Meeting In Moscow

Felix Salmon | Posted 05.25.2011 | Business

Andrew Ross Sorkin's new book is out today, and breaks some pretty stunning news, dating from the end of June, 2008. At this point, we're still months...

Happiness in the Post-Shopping Economy

Don McNay | Posted 05.25.2011 | Business
Don McNay

My late mother used shopping as a hobby. If she were still alive, I wonder if she would be looking for something else to occupy her time. It seems many Americans are.

Chris Dodd's New Legislation Would Strip Power From Fed, FDIC

wsj.com | DAMIAN PALETTA | Posted 05.25.2011 | Business

WASHINGTON -- A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber ...

It's Time to Teach Children About Money

Don McNay | Posted 05.25.2011 | Business
Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

NYT: A Ban Of 'Too Big To Fail' Banks Is Missing In Financial Reform Bills

The New York Times | Editorial | Posted 05.25.2011 | Business

If we have learned anything over the last couple of years, it is that banks that are too big to fail pose too much of a risk to the economy. Any serio...

Notes on the FCIC Hearings

Mike Konczal | Posted 05.25.2011 | Business
Mike Konczal

So what did we learn from the FCIC hearings? Over the course of two days we learned that the largest bank CEOs don't feel a conflict between their underwriting and their trading process.

Are Some Wall Street Firms Too Big To Punish?

McClatchy | Chris Adams | Posted 05.25.2011 | Business

WASHINGTON -- Forget too big to fail. In the eyes of federal regulators, many Wall Street firms are too big to punish. During the past three years, s...

The House Financial Reform Bill: Don't Touch the Banks, Get a Smarter Fed

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The only people who seem to stand outside the consensus that too-big-to-fail banks are unacceptable are those who hold power and are steering the process of financial reform.

How Big Is Too Big? Two New Bills Try To Answer That Question

nytimes.com | PETER BOONE and SIMON JOHNSON | Posted 05.25.2011 | Business

As legislation on restructuring the banking industry moves forward, attention on Capitol Hill is increasingly drawn to the issue of bank size. Should ...

Too Big To Fail Government Policy: Government Subsidy, Gives Competitive Advantage To Mega Banks

zero hedge | Tyler Durden | Posted 05.25.2011 | Business

Even as Tim Geithner was boldly lying today on national TV, claiming that he abhors the concept of too big to fail, and condemns moral hazard, behind ...

FCIC: First Panel Report

Mike Konczal | Posted 05.25.2011 | Business
Mike Konczal

You'll be happy to note that all four bank CEOs understand that Too Big To Fail shouldn't exist, and that they've spent a lot of time re-examining their compensation packages.

Winning the 2010 Elections

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

If Democrats shed their caution and become fighters, for jobs and health care and the middle class, they can pull off the same kind of surprise in 2010 that we pulled off in 1998.

2010: The Year Main Street Sticks It to Wall Street and Washington

Don McNay | Posted 05.25.2011 | Business
Don McNay

If anyone has ever dreamed of being an office holder, 2010 is the year to do it. There are going to be several situations where voters elect a complete unknown, just to express their anger about the incumbent.

GTS, Massive Citigroup Unit, Continues To Grow

wsj.com | DAVID ENRICH | Posted 05.25.2011 | Business

Even as federal officials move to rein in the nation's biggest banks, one chunk of giant Citigroup Inc. keeps expanding -- with the help of the U.S. g...

Jamie Dimon, JPMorgan Chase CEO: Mega-Banks Should Be Allowed To Fail -- The Right Way

washingtonpost.com | Jamie Dimon | Posted 05.25.2011 | Business

Our company, J.P. Morgan Chase, employs more than 220,000 people, serves well over 100 million customers, lends hundreds of millions of dollars each d...

Source: "Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 05.25.2011 | Politics

A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

See? Bankruptcy Works -- Just Look At GM

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Bankruptcy works. Now we just need to find a way to convince Tim Geithner, Larry Summers, and Ben Bernanke that it's okay to let financial firms go bust, too.

Frank Rich: White House Doesn't Seem To Understand Public's Wall Street Rage

New York Times | FRANK RICH | Posted 05.25.2011 | Politics

The Obama administration does not seem to understand that this rage, left unaddressed, could consume it. It has pushed aside the entreaties of many --...

Book Gossip: Andrew Ross Sorkin's Book Party

New York Magazine | Moe Tkacik | Posted 05.25.2011 | Home

Much earlier in the current decade I was twice named one of the "30 under 30" business journalists, a list that also included Andrew Ross Sorkin, whos...

Too Compromised to Govern: the Top Conflicts Plaguing Corporate Governance

Jesse Strauss | Posted 05.25.2011 | Business
Jesse Strauss

Although Wall Street maybe too big to fail, corporate governance reform is just too important to fail.

Shahien Nasiripour

10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...

Major Loopholes In Derivatives Bill (For Now)

Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

Thanks to weeks of intense pressure from Wall Street banks and their customers in corporate America, the bill that was approved on Thursday by Rep. Ba...

Too Big To Fail: Market Says Bank Of America Only Slightly Less Likely To Default Than U.S. Treasury

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Has the government's implicit policy of rescuing "too big to fail" banks ended? Not according to the market. As Peter Boone and Simon Johnson slyl...