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Too Big to Fail

Too Big to Fail and the Volcker Rule

Ted Kaufman | Posted 05.05.2012 | Politics
Ted Kaufman

Universal agreement on a goal -- no possibility of a future bank bailout -- doesn't necessarily mean that goal will be achieved. Our major banks are still too big to fail.

The Infuriating, Inexcusable AIG Tax Deal

Jacqueline Leo | Posted 05.02.2012 | Politics
Jacqueline Leo

So, this spring, when the Occupy Wall Street crowd comes out of hibernation, don't be surprised if the Tea Party joins them at a new location: 70 Pine Street, the N.Y. corporate headquarters of AIG.

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

David Paul | Posted 04.20.2012 | Business
David Paul

Our finance industry is on the attack again. The industry target now is the Volcker rule -- the proposed rule that would limit the ability of banks to trade for their own account. Leading the attack has been JPMorgan CEO Jamie Dimon.

Tyler Cowen Tackles the Big-bank Problem

Robert Teitelman | Posted 04.17.2012 | Business
Robert Teitelman

Over the weekend, Tyler Cowen put up a column in The New York Times arguing a) that financial institutions should not be broken up and b) that shareho...

The Real Komen Lesson: Charities Can Be 'Too Big to Fail,' Too

Richard (RJ) Eskow | Posted 04.08.2012 | Politics
Richard (RJ) Eskow

The real question is: Do we really want our charities to be marketing arms for the country's largest corporations?

Consumer Advocates: BofA Poses 'Grave Threat,' Should Be Broken Up

Reuters | Posted 03.26.2012 | Business

* Public Citizen, academics say BofA poses "grave threat" * Ask regulators to proactively reform Bank of America * Petit...

Break Up Bank of America Before It Breaks Us

Mary Bottari | Posted 02.20.2012 | Business
Mary Bottari

Most Americans have had it with bailouts of the big banks on Wall Street when so little has been done for Main Street.
 
Banks that are "too big to fail" are too big to exist.

A Lesson From the Brits on Bank Bailouts

Ted Kaufman | Posted 02.18.2012 | Business
Ted Kaufman

I have never quite been able to understand how the decision was made to fire Richard Wagoner at GM but not Vikram Pandit at Citibank. Is running a huge bank really more complex than running a huge automobile manufacturer?

Former Regulator May Be Tapped To Monitor Foreclosure Settlement

The Huffington Post | Jillian Berman | Posted 12.12.2011 | Business

An outspoken critic of big banks and their mortgage practices leading up to the financial crisis may be tasked with making sure they comply with a lon...

It Was A Wonderful Life: My Odyssey with Bank of America

Janine R. Wedel | Posted 01.31.2012 | Business
Janine R. Wedel

This technology-driven, partly outsourced, too-big-to-fail bureaucracies of today are more difficult to maneuver than that of yesteryear. And the frustration and angst it breeds are one reason the Occupy Wall Street and Tea Party movements resonate with Americans.

Why Critics of Wall Street Exist Among Avowed Capitalists

Rabbi Shmuley Boteach | Posted 01.20.2012 | Business
Rabbi Shmuley Boteach

Since I am an avowed capitalist, why should there be any issue with banks or those who have legitimately found a means by which to produce staggering wealth? For two reasons.

Too Big

Carolita Johnson | Posted 01.08.2012 | Comedy
Carolita Johnson

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Eliot Spitzer Rides Again

Yvette Kantrow | Posted 01.03.2012 | Media
Yvette Kantrow

Note to media: Please stop referring to Eliot Spitzer as the Sheriff of Wall Street. The title certainly doesn't fit now, and arguably didn't fit a decade ago when he took Wall Street to task for putting out conflicted research on stocks.

Occupied America: Bridging the Divide

Annabel Park | Posted 12.28.2011 | Politics
Annabel Park

How do we define ourselves as a nation and how do we fix what isn't working in America today? This is what has motivated so many Americans to occupy Wall Street and Main Street from coast to coast.

The Bank Merger From Hell (or, What's Preying on Your Wallet?)

Preeti Vissa | Posted 12.25.2011 | Business
Preeti Vissa

As public anger at Wall Street greed boils over in the form of protests spreading across the nation, the Federal Reserve Board is poised to allow creation of yet another "too big to fail" bank.

Too Big to Jail

Glenn Greenwald | Posted 12.25.2011 | Books
Glenn Greenwald

In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.

Is the National Security Complex Too Big to Fail?

Tom Engelhardt | Posted 12.20.2011 | Politics
Tom Engelhardt

Think of Iraq as the AIG of wars -- the only difference being that the bailout there didn't involve just three payouts. More than eight years after the Bush administration invaded that country, the bailout is, unbelievably enough, still going.

The Volcker Rule -- What Does it Mean?

Kevin L. Petrasic | Posted 12.13.2011 | Business
Kevin L. Petrasic

The challenge is how to make our banks and our banking system stronger with the right dose of regulatory medicine. Too little will be ineffectual and too much may produce more complications than benefits.

Whose Side Are You On: The Moral Clarity of Occupy Wall Street

Robert L. Borosage | Posted 12.07.2011 | Politics
Robert L. Borosage

No one is confused about the message. Wall Street got bailed out; Main Street was abandoned. The top 1% rigs the rules and pockets the rewards. And 99% get sent the bill for the party they weren't even invited to.

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

Too Big to Fail: Timing Is (Still) Everything

Kevin L. Petrasic | Posted 11.27.2011 | Business
Kevin L. Petrasic

In implementing regulatory reforms, whether to resolve "too big to fail," minimize systemic risk, or address the multitude of other issues raised in Dodd- Frank, balance and perspective are critical.

Bonnie Kavoussi

Paul Volcker Says Too-Big-To-Fail Still Hangs Over Us

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.20.2011 | Business

Too-big-to-fail may be here to stay, according to one former Fed chairman. Speaking at a public event on Monday, former Federal Reserve Chairman P...

Capital One Merger Presents Federal Reserve With 'Too Big To Fail' Test

Posted 11.18.2011 | Business

(ALEXANDRA ALPER, Reuters) - Consumer groups will try to convince the Federal Reserve this week that rubber stamping the Capital One Financial Cor...

On Lehman Day, Elizabeth Warren Runs Against "Wall Street's Favorite"

Mary Bottari | Posted 11.15.2011 | Business
Mary Bottari

Elizabeth Warren announced that she was running against Scott Brown for a U.S. Senate seat on the eve of the anniversary of the Lehman Brothers collapse. For many, Lehman's bankruptcy marks the day the wheels came off the bus and the U.S. economy went over a cliff.

Best Films and More About Work, for Labor Day

Wyatt Closs | Posted 11.01.2011 | Entertainment
Wyatt Closs

This Labor Day week, we take a look at a listing of nominees for best films, tv shows, and other artistic expressions in what are called the "2011 Workers' Voice Awards" from PopWork USA.