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Too Big to Fail

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...

Banks' Drug Money Problem

Bloomberg View | Jonathan Weil | Posted 08.04.2012 | Business

Bloomberg View: To grow up in South Florida during the 1970s and 1980s, as I did, wasn’t your typical American childhood experience. Back then th...

Complete Knightmare Averted For At Least One Day

Reuters | Posted 10.03.2012 | Business

Aug 3 (Reuters) - Knight Capital Group Inc has told brokers that it has obtained a line of credit, which will allow it to operate for the day, the W...

Taibbi Blasts NYT Writer: 'Most Credulously Slobbering Financial Reporter On The Planet'

Posted 08.01.2012 | Business

Matt Taibbi isn't letting CNBC host and New York Times columnist Andrew Ross Sorkin off the hook for letting Sandy Weill off the hook. Taibbi, the ...

Jamie Dimon Still Likes Being Too Big To Fail, But His Org-Chart Shuffle Hints Otherwise

Mark Gongloff | Posted 09.26.2012 | Business
Mark Gongloff

Jamie Dimon, famous lover of giant banks, doubled down on that love today, at least in word. But in deed he may be building an escape pod.

Banks May Just Break Themselves Up

Mark Gongloff | Posted 09.25.2012 | Business
Mark Gongloff

Open secret: Banks themselves, including the abomination Weill created, Citigroup, would be worth a lot more if they were broken into smaller pieces.

Senator Defends Controversial Move

The Huffington Post | Alexander Eichler | Posted 07.26.2012 | Business

Say this for Phil Gramm: the man sticks to his guns. Thirteen years after helping to repeal the Glass-Steagall Act and under widespread criticism, ...

Sandy Weill: Too Little, Too Late

Charles Gasparino | Posted 09.24.2012 | Business
Charles Gasparino

Sandy Weill's Citigroup engaged in fraud on a massive scale, unfettered risk taking and then needed a massive taxpayer bailout during the 2008 financial crisis because it was so big it couldn't be managed. Yet only now does Weill say it was all a mistake.

The Man Who Invented 'Too Big to Fail' Banks Finally Recants. Will Obama or Romney Follow?

Robert Reich | Posted 09.24.2012 | Business
Robert Reich

Sandy Weill has finally seen the light. It's a bit late in the day, but, hey, he's already cashed in. You and I and millions of others in the United States and elsewhere around the world are still paying the price.

Bailed-Out Banks Using Government Money To Pay Back Taxpayers

Reuters | Posted 09.23.2012 | Business

* 137 banks used other government program to repay bailout money * More than 200 bailed-out banks have missed dividend payments ...