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Too Big to Fail

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?

Too Big to Jail: We Should Take Our Own Advice

Brad Miller | Posted 02.15.2013 | Politics
Brad Miller

Last week the Dept. of Justice decided against indicting British bank HSBC, despite clear evidence of crimes, including laundering billions of dollars for repugnant governments, including state sponsors of terrorism. Instead, the DOJ settled for about five weeks of HSBC's profits.

Mark Gongloff

Obama Administration's Terrible Message To Big Banks

HuffingtonPost.com | Mark Gongloff | Posted 12.12.2012 | Business

One of the great things about being too big to fail is that you're also too big to jail, apparently. So saith the Obama administration, via the New...

He's Only Stuck If He Lets Himself Be

Mike Lux | Posted 02.09.2013 | Politics
Mike Lux

In the eyes of Republicans, the Washington Post, and all the other "Serious" people inside the Beltway, deficits, debt, and the control thereof are all that matters. At the end of the day, though, it is Obama who will determine whether deficits will define his second term.

The Best Films About The Financial Crisis

AP | CHRISTY LEMIRE | Posted 01.30.2013 | Entertainment

LOS ANGELES — "Killing Them Softly" is a stylish and violent dark comedy about low-level gangsters and thugs, set squarely within the U.S. econo...

The 'Fiscal Cliff' Deal Is Wall Street's Latest Scam

Richard (RJ) Eskow | Posted 01.28.2013 | Politics
Richard (RJ) Eskow

It's like a Woodstock for plutocrats, or an Avengers for the avaricious: The CEOs of America's largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can't get enough of them.

Too Big To Fail Banks Benefit Society, Says Too Big To Fail Bank

The Huffington Post | Mark Gongloff | Posted 11.27.2012 | Business

Wow, guys, you'll never guess who thinks too-big-to-fail banks are super great for society! OK, you'll guess: It's a too-big-to-fail bank. In a res...

Jamie Dimon's Decision Time: Statesman or Continued Shill?

Dennis M. Kelleher | Posted 01.07.2013 | Business
Dennis M. Kelleher

Will Jamie see how self-defeating such an approach and attitude ultimately is? Will Wall Street move even lower in the opinion of the American people? Those are the questions confronting Jamie and Wall Street at this electoral cross roads.

Wall Street Accountability and the Election

Mike Lux | Posted 12.26.2012 | Politics
Mike Lux

There is finally, finally, finally some momentum starting to build toward accountability for the biggest banks. The results of the election will determine whether it continues to build or completely fades away.