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Too Big to Fail

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, ...

Shahien Nasiripour

Too-Big-To-Jail Dogs Obama's Justice Department

HuffingtonPost.com | Shahien Nasiripour | Posted 05.23.2013 | Politics

The U.S. Department of Justice appears to have neither conducted nor received any analyses that would show whether criminal charges against large fina...

Elizabeth Warren Wants To Know If The New Treasury Secretary Will Be As Bad As The Old One

The Huffington Post | Nick Wing | Posted 05.22.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew at a Senate Banking, Housing and Urban Affairs Committee hearing on Tuesday, press...

Will Wrigley

Arrests In Occupy Protest Against 'Too Big To Jail' Banks

HuffingtonPost.com | Will Wrigley | Posted 05.21.2013 | Politics

WASHINGTON -- Owners of foreclosed homes were arrested Monday during a protest outside Justice Department headquarters, where they demonstrated agains...

SUED

Reuters | Posted 07.20.2013 | Business

* Bank accused of steering 401(k) business to win extra fees * Morgan Stanley declines comment; ING denies wrongdoing Ma...

Will Main Street ever trust Washington again?

Don McNay | Posted 07.20.2013 | Business
Don McNay

"You know you cannot trust them They know they can't trust you." -Steve Goodman (Jimmy Buffett) "Now Watergate does not bother me Does your conscien...

A Letter From Senator Warren

Richard (RJ) Eskow | Posted 07.19.2013 | Politics
Richard (RJ) Eskow

For five years we've watched the Justice Department ignore overwhelming evidence of bank crime. That's what makes this letter from Sen. Elizabeth Warren so important.

Which Side Is the Government On?

Mike Lux | Posted 07.17.2013 | Politics
Mike Lux

Senators Warren and Brown are making a huge difference, showing us that if we get a real live two-fisted fighter for working families in the ring on our behalf, it matters. That is why I decided to get involved in helping Rick Weiland run in South Dakota.

Shahien Nasiripour

Influential Banker Supports Ending 'Too Big To Fail'

HuffingtonPost.com | Shahien Nasiripour | Posted 05.17.2013 | Business

A senior Bank of England official influential in global policy debates has praised proposed U.S. legislation that would forever end the perception tha...

Mark Gongloff

Eric Holder: Actually, I Meant To Say No Banks Are Too Big To Jail

HuffingtonPost.com | Mark Gongloff | Posted 05.15.2013 | Business

Attorney General Eric Holder wants to clear up something he said months ago: We only thought he said that some U.S. banks are too big to jail. What he...