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Too Big to Fail

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.

Alan Greenspan: 'We've Got To Get Rid Of Too Big To Fail'

The Huffington Post | Bonnie Kavoussi | Posted 10.23.2012 | Business

Former Federal Reserve Chairman Alan Greenspan says that the government needs to stop implicitly guaranteeing big banks. "We've got to get rid of t...

Banks Are Too Big To Succeed

The Huffington Post | Mark Gongloff | Posted 10.11.2012 | Business

Thing One: Too Big To Succeed: Instead of cursing the too-big-to-fail banks like we do, maybe it's time we tried to sympathize with them. We're not...

The Biggest Kiss: How Neither Political Party Wants to Break Up the Biggest Banks

Jeff Connaughton | Posted 12.08.2012 | Business
Jeff Connaughton

Neither Mitt Romney and the Republicans nor President Obama and many Democrats favor breaking up the big banks, the best way to prevent another taxpayer bailout after a financial crisis.

Romney: Too Big To Fail 'The Biggest Kiss That's Being Given To New York Banks'

Reuters | Posted 12.03.2012 | Business

By By Lucia Mutikani WASHINGTON, Oct 4 (Reuters) - Republican Mitt Romney, seeking to counter his image as a billionaire friend of f...

14 Things Obama Doesn't Want You To Know About The Economy

Posted 09.05.2012 | Business

How is the U.S. economy doing nearly four years into President Obama’s presidency? Not so great by some measures. Despite promises to rein in Wa...

The Banks Are Bluffing -- They Aren't Moving Anywhere

Andrew Newton | Posted 11.04.2012 | Business
Andrew Newton

If the G20 nations not only spoke with one voice on financial reform but also acted as one then we wouldn't have to listen to the threat of banks moving any more.

Four Years Later, and a Million Miles From Safety

Lawrence G. McDonald | Posted 10.30.2012 | Business
Lawrence G. McDonald

Dodd-Frank is a lazy man's spray-gun approach at financial reform. There is simply a total lack of critical changes needed to fix the regulatory spinal cord of the financial markets -- and it's either the blind ignorance of systemic risk or an agenda as dark as you could imagine.

One Man Against The Wall Street Lobby

Simon Johnson | Posted 10.25.2012 | Business
Simon Johnson

There is a new powerful voice who knows how big banks really work and who is willing to tell the truth in great and convincing detail. Jeff Connaughton has just published a page-turning memoir that is also a damning critique of how Wall Street operates.

Taxpayers Still On The Hook For Too Big To Fail Banks

Reuters | Posted 10.17.2012 | Business

* "Too big to fail" banks still not reformed * Key global deadlines for new rules seen slipping By Huw Jones ...

Occupy Our Homes Launches Ad To Fight Foreclosures

AOL Real Estate | Teke Wiggin | Posted 08.16.2012 | Business

Occupy Our Homes, an offshoot of the Occupy Wall Street movement, launched a national ad campaign this week aimed at inspiring beleaguered homeowners ...

Jamie Dimon's Great New Slogan for Romney-Ryan

Mike Lux | Posted 10.14.2012 | Politics
Mike Lux

Given the massive bailouts the industry scored in 2008-9, and how easy policy-makers have been on them, the arrogance and hubris of talking about Soviet style government is pretty amazing. But then that fits quite well with Romney and Ryan, too.

Wells Fargo Rids Itself Of Charges Of Duping Non-Profits

Reuters | Posted 10.14.2012 | Business

* SEC says Wells Fargo sold products tied to risky mortgage securities * Former Wells Fargo vice president also settles SEC charges ...

Ex-Bailout Watchdog: U.S. 'Pretty F*cked'

The Huffington Post | James Sunshine | Posted 08.07.2012 | Business

Neil Barofsky, the former Inspector General of the Troubled Asset Relief Fund, can sum up the state of the nation in two words: "Pretty fucked." Th...

Sandy Weill's Bank Breakup Hindsight isn't 20-20

Carol Roth | Posted 10.07.2012 | Business
Carol Roth

While the repeal of Glass-Steagall was certainly a part of making our system fragile to the point where it is at today, thinking that a simple solution like breaking up the banks will be the panacea that we seek is incredibly naïve.

Emails Give Glimpse Into Deals That Helped Fueled Financial Meltdown

ProPublica | Jesse Eisinger and Jake Bernstein | Posted 08.06.2012 | Business

As ProPublica has been detailing for two years, Wall Street banks and the hedge fund Magnetar worked together to build mortgage-backed deals that the ...

Meet The Bankers Having Second Thoughts About Too-Big-To-Fail

The Huffington Post | James Sunshine | Posted 08.06.2012 | Business

Sandy Weill, the former CEO of Citigroup and father of the modern too-big-to-fail bank, last month shocked Wall Street when he said that he thought it...