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Too Big to Fail

In Defense of Nepotism and Classism at the New York Times

Keli Goff | Posted 08.21.2013 | Business
Keli Goff

I've been hard pressed to identify mainstream news outlets that qualify as bastions of true liberalism, actively devoted to advancing basic liberal principles such as racial and economic equality. I was reminded of this upon reading a recent column by Andrew Ross Sorkin.

Fed: Too Big To Fail Banks 'Have More Work To Do'

Reuters | Posted 10.19.2013 | Business

WASHINGTON, Aug 19 (Reuters) - Big banks must improve the way they determine how much capital they need to withstand any future crisis, the U.S. Fed...

7 Things About Prosecuting Wall Street You Wanted to Know (But Were Too Depressed to Ask)

Richard (RJ) Eskow | Posted 10.07.2013 | Politics
Richard (RJ) Eskow

Why haven't any bankers gone to jail? What's going on in this country? Here are seven things about Wall Street crime and Washington "justice" you might have wanted to know, but were probably too depressed to ask.

Why Is Obama Enabling a Fox to Guard the Fed Henhouse?

Jane White | Posted 10.06.2013 | Politics
Jane White

Is Larry Summers smart? Maybe, given that he became one of the youngest tenured professors at Harvard at age 28. But so what?

Commodities Are Different (in a "Full World"): Part 3

John Fullerton | Posted 09.29.2013 | Business
John Fullerton

Commodity market manipulation is fundamentally different and far more dangerous than the garden-variety manipulation of financial markets such as in single stock pump and dump schemes, or even the brazen manipulation of LIBOR. Nobody eats LIBOR.

Summers: The Courage to Say Yes to Wall Street?

Mike Lux | Posted 09.24.2013 | Politics
Mike Lux

Larry Summers is the wrong guy for the wrong job at the wrong time. This pick is terrible politics and worse substance.

After Costing Americans Billions, Federal Reserve Reexamines Banks' Commodity Speculation

Raymond J. Learsy | Posted 09.23.2013 | Business
Raymond J. Learsy

It is one of the grossest miscarriages of Wall Street power and government obeisance resulting in billions of consumer dollars going into the pockets of banks, hedge funds and traders producing and adding nothing to the economic wellbeing of the nation, other than lining their own pockets.

Want to Revive Glass-Steagall? Try This Wall of Separation Instead

Bill Frezza | Posted 09.22.2013 | Politics
Bill Frezza

A debate is raging on the left, the right, and even in libertarian circles on the best way to escape from the Too-Big-To-Fail quagmire. These days it ...

An Economy Working Only for a Few

Mike Lux | Posted 09.21.2013 | Politics
Mike Lux

Detroit's bondholder-friendly, worker/retiree-unfriendly bankruptcy tells the story of an economy -- and a society -- where the priorities are completely screwed up. This is not how you build a healthy sustainable economy.

Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities

Joseph A. Palermo | Posted 09.20.2013 | Business
Joseph A. Palermo

Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.

Happy Birthday to Dodd-Frank, a Law That Isn't Working

Ted Kaufman | Posted 09.20.2013 | Politics
Ted Kaufman

Failure was built into Dodd-Frank from the beginning. Instead of writing laws that addressed the abuses that led to the crisis, it nearly always kicked the can down to agencies, instructing them to write new regulations.

Shahien Nasiripour

Treasury Secretary Says Too-Big-To-Fail Dead By Year's End ... Or Else

HuffingtonPost.com | Shahien Nasiripour | Posted 07.18.2013 | Politics

The threat posed by too-big-to-fail banks should be eradicated by year's end, and if not, more restrictive measures targeting large financial groups m...

Bravo, Elizabeth Warren -- American Hero

Miles Mogulescu | Posted 09.16.2013 | Politics
Miles Mogulescu

Elizabeth Warren -- the mother of the Consumer Financial Protection Bureau -- deserves a big round of applause from the American people.

Shahien Nasiripour

Metal Market Mayhem: Brewers Blast Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 07.17.2013 | Politics

WASHINGTON -- A loose coalition of beer brewers, automakers, Boeing and Coca-Cola is accusing big banks, including Goldman Sachs and JPMorgan Chase, o...

Shahien Nasiripour

Obama Treasury Department Targeted Over Too-Big-To-Fail

HuffingtonPost.com | Shahien Nasiripour | Posted 07.12.2013 | Politics

WASHINGTON -- A rift has emerged over “too-big-to-fail” between the Treasury Department and the regulators who oversee financial groups, a top Dem...

Financial Risk Council Deems Two Firms Too Big To Fail

Reuters | Emily Stephenson | Posted 07.09.2013 | Business

WASHINGTON, July 9 (Reuters) - The U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as system...

Shahien Nasiripour

8 Largest U.S. Banks May Be Forced To Stump Up Billions

HuffingtonPost.com | Shahien Nasiripour | Posted 07.09.2013 | Politics

WASHINGTON -- Top policymakers and lawmakers have increasingly acknowledged over the past year that despite a new law and numerous regulations enacted...

Where the Hell Is the Outrage?

Richard (RJ) Eskow | Posted 09.08.2013 | Politics
Richard (RJ) Eskow

Bankers break the law with impunity, are bailed out, and go on breaking the law, richer than they were before. And yet, bizarrely, the only Americans who seem to be seething with anger are the beneficiaries of this economic injustice -- the wealthiest and most privileged among us.

Big Lie: America Doesn't Have #1 Richest Middle-Class in the World... We're Ranked 27th!

Les Leopold | Posted 08.28.2013 | Business
Les Leopold

America is the richest country on Earth. We have the most millionaires and the most billionaire. This opulence is supposed to trickle down to the rest of us, improving the lives of everyday Americans. Unfortunately, it's a lie.

On Too Big to Fail, All the Warning Lights Are Flashing Red [VIDEO]

Richard (RJ) Eskow | Posted 08.24.2013 | Business
Richard (RJ) Eskow

"Too Big to Fail" banks played a key role in causing the last financial crisis. Not a single executive has been prosecuted, despite their rampant lawbreaking, which means that there's been no effective deterrent against reckless and illegal behavior.

Regulators Push For Big Move Against Too Big To Fail

Reuters | Posted 08.21.2013 | Business

By Douwe Miedema WASHINGTON, June 21 (Reuters) - Two top U.S. bank regulators are pushing to double capital requirements for the count...

Bank CEO Pay Jumps Again

AP | By CHRISTINA REXRODE | Posted 08.05.2013 | Business

NEW YORK (AP) — Top bankers keep getting bigger paydays. The median pay for bank CEOs jumped 22 percent in 2012, according to a repor...

Jillian Berman

Decade-Old Holder Memo Helped Pave The Way For 'Too Big To Jail'

HuffingtonPost.com | Jillian Berman | Posted 06.04.2013 | Business

In a 1999 memo entitled “Bringing Criminal Charges Against Corporations,” written when he was deputy U.S. attorney general, Eric Holder argued tha...

Shahien Nasiripour

Financial Regulator Finally Stirs

HuffingtonPost.com | Shahien Nasiripour | Posted 06.04.2013 | Business

WASHINGTON -- The U.S. government on Monday preliminarily designated at least three financial companies as having the potential to pose a grave threat...

Occupy Arrests Near 8,000 As Wall Street Eludes Prosecution

The Huffington Post | Posted 05.23.2013 | Business

Here's a fact that may make your blood boil: Nearly 8,000 Occupy Wall Street protesters have been arrested in association with the activist movement, ...