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Too Big to Fail

Break Up the Big Banks Before They Do Any More Harm

Allan Brawley | Posted 06.02.2013 | Business
Allan Brawley

Breaking up these huge banks that are too big to fail, jail, or be regulated seems to be the only option on the table right now and Senator Brown, along with Senator David Vitter, is leading the effort to do just that.

Obama Administration Faces Pressure On 'Too Big To Jail' Banks

The Huffington Post | Nick Wing | Posted 04.01.2013 | Politics

Activists will deliver petitions to Department of Justice offices around the country on Tuesday, calling on President Barack Obama to crack down on bi...

The Greatest Disappointment

Mike Lux | Posted 06.01.2013 | Politics
Mike Lux

There is a new report out once again reminding us of the greatest disappointment progressives have in the Obama administration: the lack of toughness in regards to Wall Street. Until the Obama administration fixes this problem, the rest of the economy is going to keep suffering.

Too Big to Jail Bank: I'm Sorry. Now Can I Go Back Out and Play?

Bartlett Naylor | Posted 05.29.2013 | Business
Bartlett Naylor

The Standard Chartered agreement with the Department of Justice actually anticipates dismissals of its crime. It states that if Standard Chartered denies its crimes, it must issue a new statement within five days after the government orders it.

Mark Gongloff

Bank Of America Best At Being The Worst

HuffingtonPost.com | Mark Gongloff | Posted 03.29.2013 | Business

This looks like it could finally be Bank of America's year. The No. 2 U.S. bank by assets has for the past four years finished in the top three of...

Senator Targets 'Too Big To Jail' Banks

The Huffington Post | Chelsea Kiene | Posted 03.28.2013 | Politics

Sen. Bernie Sanders (I-Vt.) is preparing to introduce legislation that would break up the notorious “too big to fail” banks, The Hill reported Wed...

Too Big to Jail?

Sen. Bernie Sanders | Posted 05.28.2013 | Politics
Sen. Bernie Sanders

No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation's economic wellbeing. And no institution in America should be above the law.

The Beginning of the End of Too-Big-to-Fail

Robert Weissman | Posted 05.28.2013 | Politics
Robert Weissman

A funny thing, wonderful in its own small way, happened last week. The Senate voted 99-0 in favor of an amendment to end subsidies to too-big-to-fail financial institutions. This vote is a harbinger of things to come -- if the public keeps ratcheting up pressure.

What Would Jesus Do? Jail the Bankers!

Carl Gibson | Posted 03.27.2013 | Politics
Carl Gibson

As Elizabeth Warren showed the world, the government officials trusted with the job of arresting bankers and bringing them to trial haven't done it and won't do it. So if you ask yourself, "What Would Jesus Do?", the answer is clear.

Big Banks Face $100 Billion Legal Tab (At Least)

The Huffington Post | Mark Gongloff | Posted 03.28.2013 | Business

You may think that being a too-big-to-fail bank is just one long, consequence-free romp, but it does come at some cost: an enormous and growing legal ...

Mark Gongloff

Senate Shows Unanimous Support For Ending Too-Big-To-Fail Subsidy

HuffingtonPost.com | Mark Gongloff | Posted 03.25.2013 | Business

In these hostile times, it's heartening to see there's still one thing able to bring Republicans and Democrats together: hating on banks. The U.S. ...

Bank on Being Bilked

Leo W. Gerard | Posted 05.25.2013 | Politics
Leo W. Gerard

Unless Americans step up the way Cypriots did and demand real regulation, as well as send the message that they don't trust Wall Street by moving their money to community banks and credit unions, they can bank on being bilked. Again.

Poll: Half Of Americans Want To Break Up Big Banks

The Huffington Post | Bonnie Kavoussi | Posted 03.23.2013 | Business

If the American people had their way, big banks may not stay so big much longer. According to a new poll by Rasmussen Reports, 50 percent of Americ...

Mark Gongloff

Bernanke Surrenders To Elizabeth Warren On Too Big To Fail

HuffingtonPost.com | Mark Gongloff | Posted 03.21.2013 | Business

Lest there was any doubt, Federal Reserve Chairman Ben Bernanke made it loud and clear on Wednesday: The problem of too-big-to-fail banks is still a m...

Jamie Dimon's Ultra-American Rise and Fall: The Great Gatsby Meets Moby Dick

Lynn Parramore | Posted 05.20.2013 | Business
Lynn Parramore

They called him a hero. The most esteemed banker of his time. The captain who could steer the ship while others foundered. Now the truth is out, and Wall Street's golden boy, Jamie Dimon, has fallen to earth with a thud. Why did it take so long?

Break Up Executive Pay, Not the Banks, to Fix Too-Big-to-Fail

Sanjay Sanghoee | Posted 05.19.2013 | Business
Sanjay Sanghoee

While in theory the system pays people for responsible decision-making, in practice it rewards executives for generating outsize returns even at the expense of the company's future.

When the Private Sector Goes Bad: Preying on Troops and Veterans

Hal Donahue | Posted 05.19.2013 | Politics
Hal Donahue

With President Reagan's election, the majority of the American people embraced an economic and political philosophy enshrining the private sector as the driver of US life and values. The results are in. Look around.

Cyprus Bank Panic: It Can't Happen Here -- Can It?

Richard (RJ) Eskow | Posted 05.18.2013 | Politics
Richard (RJ) Eskow

A Cyprus-like incursion on people's savings seems unlikely here.  But if the past several years have taught us anything, it's to "never say never."

Should Eric Holder Be Impeached for His Refusal to Prosecute Wall Street?

Matthew Filipowicz | Posted 05.18.2013 | Politics
Matthew Filipowicz

In a Senate Judiciary hearing last week, our nation's leading law enforcement officer, Attorney General Eric Holder said he believes that Wall Street ...

Too Big to Whale: Why JP Morgan Chase Should Be Shut Down

Les Leopold | Posted 05.17.2013 | Business
Les Leopold

Executives show utter contempt for regulators and for telling the truth. How dare those lowly public servants interfere with the banks primary mission, which is making as much money as possible, anyway possible, and damn the law!

Fed President: Too-Big-To-Fail Banks Need To Be Broken Up

Reuters | Posted 05.16.2013 | Business

(Adds details from speech) By Pedro Nicolaci da Costa NATIONAL HARBOR, Md., March 16 (Reuters) - The largest U.S. banks...

Eric Holder, "Too Big to Jail," and the Ghost of Arthur Andersen

Dan Petegorsky | Posted 05.14.2013 | Business
Dan Petegorsky

Let's not hold Arthur Andersen up as example of anything other than an enterprise brought down by corruption that started at the top and consumed a once honest firm.

Greenspan: Too Big To Fail Problem 'Is Getting Worse, Not Better'

The Huffington Post | Caroline Fairchild | Posted 03.15.2013 | Business

Alan Greenspan, a former Federal Reserve chairman, told CNBC on Thursday morning that “the too big to fail problem” is “getting worse, not bette...

How the Megabanks Just Played the SEC and Shut Out Their Shareholders

Micah Hauptman | Posted 05.14.2013 | Business
Micah Hauptman

The megabanks should welcome the opportunity to explain to their investors why they benefit from their megabank size and structure. And the SEC should permit investors an opportunity to let their voices be heard.

A Smart and Principled Plan to End 'Too Big to Fail'

Richard (RJ) Eskow | Posted 05.13.2013 | Politics
Richard (RJ) Eskow

Wall Street money and influence suffuses both our politics and our media, so the answer to that question remains to be seen. But the ideas presented by Fisher and Rosenblum should reshape our national conversation over the financial and moral failure of our current banking system.