iOS app Android app

Too Big to Fail

Big Banks Big In All The Wrong Places

The Huffington Post | Mark Gongloff | Posted 03.07.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

It's Official: Too Big to Fail Banks Are Too Big to Jail

Robert L. Borosage | Posted 05.07.2013 | Politics
Robert L. Borosage

Congress has only two choices. The big banks can be nationalized and treated as public utilities. The public would pocket their profits and cover their losses. Or the big banks can be broken up, and be accountable to both the law and the market.

Warren Takes On Holder's 'Too Big To Jail' Claim

The Huffington Post | Mollie Reilly | Posted 03.07.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) took on Attorney General Eric Holder's admission that some banks are too big for the Justice Department to prosecute, ...

Mark Gongloff

Holder: Banks Too Big To Prosecute

HuffingtonPost.com | Mark Gongloff | Posted 03.06.2013 | Business

When the Attorney General of the United States admits some banks are simply too big to prosecute, it might be time to admit we have a problem -- and t...

Three Solutions to the Oligarchy Problem

Zephyr Teachout | Posted 05.06.2013 | Politics
Zephyr Teachout

If we want a society of smaller and medium-sized firms, we can have it -- there are no constitutional constraints. We need a strong antitrust regime and stronger antitrust laws, and the capacity to enforce those laws located in people who aren't tied into the oligopoly.

Banks, Food, and Telecom: Break Them Up

Zephyr Teachout | Posted 05.01.2013 | Politics
Zephyr Teachout

There was a lot of typical surface chatter yesterday -- the sequester, the Pope, BW (Bob Woodward), BW (Business Week), Groupon -- but under the surface something far more important was happening.

The Mission of Government

Mike Lux | Posted 04.30.2013 | Politics
Mike Lux

Right wing forces in this country are obsessed with the size of government, but the fundamental debate we should be having is not the size of government but what the goal of government should be: What should government's central mission be?

Mark Gongloff

Warren vs. Bernanke Over 'Too Big To Fail'

HuffingtonPost.com | Mark Gongloff | Posted 02.27.2013 | Business

Newly minted Sen. Elizabeth Warren on Tuesday showed why big banks are not her biggest fans, grilling Federal Reserve Chairman Ben Bernanke about the ...

Report: U.S. Banks Actually Bigger Than Entire U.S. Economy

The Huffington Post | Mark Gongloff | Posted 02.20.2013 | Business

Perhaps you know about U.S. banks being too big to fail, or to jail, or to take to trial. But quite literally, you may not know the half of it. Th...

Zach Carter

Top Fed Official Endorses Breaking Up 'Too Big To Fail' Banks

HuffingtonPost.com | Zach Carter | Posted 02.19.2013 | Politics

WASHINGTON -- A top Federal Reserve official is having second thoughts about his 2009 declaration that breaking up the biggest Wall Street banks is "m...

Is Wall Street's Business Model Corrupt?

Les Leopold | Posted 04.14.2013 | Business
Les Leopold

When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?

Zach Carter

Republicans Offer Wall Street Reform Deal

HuffingtonPost.com | Zach Carter | Posted 02.12.2013 | Politics

WASHINGTON -- After more than four years of blanket opposition to Wall Street reform, House Republicans are finally offering Democrats a deal. But the...

Zach Carter

Former Government Regulators Help Keep Banks Too Big To Fail

HuffingtonPost.com | Zach Carter | Posted 02.11.2013 | Politics

WASHINGTON -- The steady flow of officials from the Securities and Exchange Commission into top corporate jobs feeds a regulatory culture of weak law ...

TBTF, TBTJ: Too Big to Exist

Mike Lux | Posted 04.10.2013 | Politics
Mike Lux

I remain troubled by the fact that fundamental economic issues seem to be the last thing on anybody's minds in D.C. And looming over these economic problems is the elephant in the room: these Too Big To Fail, and apparently Too Big To Jail, Wall Street financial conglomerates.

What JPMorgan's Recently Released Internal Reports Unintentionally Say

John Fullerton | Posted 04.08.2013 | Business
John Fullerton

That regulators condone the continued use of VAR models and get pushed around on tougher capital and liquidity limits can only mean one thing: they have concluded that it's simply too dangerous to the system to reveal that the emperor has no clothes.

Sherrod Brown, Chuck Grassley Turn Up Heat On Banks

Reuters | Posted 03.31.2013 | Politics

WASHINGTON, Jan 29 (Reuters) - Two U.S. senators on Tuesday questioned whether the Justice Department has been aggressive enough in prosecuting misc...

Tim Geithner's Biggest Problem

The New Republic | NOAM SCHEIBER | Posted 01.28.2013 | Politics

What are we to make of Tim Geithner on his last day as Treasury Secretary? For my money, the story that best gets at his essential Geithner-ness took ...

Ryan Grim

Top Republican's Bank Tax Bill Would Punish Grand Bargain-Backing CEOs

HuffingtonPost.com | Ryan Grim | Posted 01.29.2013 | Politics

WASHINGTON -- House Ways and Means Committee Chairman Dave Camp (R-Mich.) is considering legislation that would significantly increase taxes for the n...

Eleazar David Melendez

Fed President Blasts Dodd-Frank

HuffingtonPost.com | Eleazar David Melendez | Posted 01.22.2013 | Business

After spending the last few years taking a wait-and-see approach to financial reform, several banking regulators in the U.S. and Europe kicked off 201...

"Too Big" Is Hollowing the Middle Class, Killing the American Dream

Rob Kall | Posted 03.11.2013 | Business
Rob Kall

He's looking for a job with a big company that operates chain stores, or a property management company (who do you think bought up all those foreclosed homes?)

'Fiscal Drift' and the Need for a Rising 'C-Level'

G. Benjamin Bingham | Posted 03.09.2013 | Impact
G. Benjamin Bingham

It is time we un-blurred the lines between government and business. If human rights and the ideal of equality and justice for all is the chief mandate of good government, it cannot allow the influence of industrial chiefs to favor their economic interests.

Too-Big-To-Fail Banks Gamble With Bernanke Bucks

Bill Frezza | Posted 03.09.2013 | Business
Bill Frezza

We have learned nothing. The Dodd-Frank bill enacted to make sure "this never happens again" has accomplished nothing. The Sarbanes-Oxley bill enacted after the last crisis to make sure "this never happens again" accomplished nothing.

A Christmas Carol for Bankers

Brandon L. Garrett | Posted 02.23.2013 | Business
Brandon L. Garrett

With the help of three ghosts, Scrooge finally reached redemption by learning to give to others. As events of the past two weeks have shown, modern bankers have their own ghosts to face: federal prosecutors.

Wake-Up Call on Financial Reform

Jonathan Reiss | Posted 02.19.2013 | Business
Jonathan Reiss

The HSBC money-laundering settlement demonstrates conclusively that the Dodd-Frank reforms have not ended so-called "Too-Big-to-Fail" problem. The outrage about HSBC getting off so lightly has been too narrowly focused.

Justice: Washington, D.C.-style

Joe Sestak | Posted 02.17.2013 | Politics
Joe Sestak

How then does our government weigh justice for the warrior fighting terrorism compared to justice for the bank officials abetting terrorism? Or determine fairness for the veteran carrying thousands in drug money with the bank executives' laundering of $1.5 billion as accomplices of drug and terror cartels?