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Too Big to Fail

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 ...

Too Big to Fail and Too Big to Jail Continues

Ed Koch | Posted 09.15.2012 | New York
Ed Koch

I am incensed that no CEO of a major corporation who is alleged to have contributed to the Great Recession has been pursued criminally. All of us have read and heard the phrase, "Too big to fail." I have suggested an add-on: "Too big to jail."

Buffett: Banks Aren't Too Big

AP | JOSH FUNK | Posted 09.12.2012 | Business

OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Friday he believes JPMorgan Chase is doing the right things to deal with its multibillio...

WATCH: Behind The Scenes Of 'Too Big To Fail'

The Huffington Post | Khadeeja Safdar | Posted 07.12.2012 | Business

The events leading up to the financial crisis certainly had all the ingredients of a dramatic blockbuster. And nearly three years after the econom...

Too Big to Fail Banks Are Stopping You From Getting 5 Percent on Your Savings

Max Keiser | Posted 09.08.2012 | Business
Max Keiser

The banking lobby misrepresents the situation in two ways. First, they foster the belief that the economy needs lower rates to 'get going.' Second, the banking lobby likes to pretend that there is no alternative.

Simon Johnson: Banks' Living Wills Aren't Cure For Systemic Risk

Bloomberg View | Simon Johnson | Posted 07.09.2012 | Business

Bloomberg View On July 3, the Federal Deposit Insurance Corp. and the Federal Reserve made public portions of the “living wills” developed rece...

The One Possible Bank Defense In The Libor Scandal, And Why It's Bogus

Mark Gongloff | Posted 09.08.2012 | Business
Mark Gongloff

Here's a free PR campaign idea for the banking sector: Big banks helped the economy, maybe saved your job, with some of their blatant Libor-market che...

Big Banks Say They Can Be Broken Up Without Bailouts

Reuters | Posted 09.02.2012 | Business

* Fed, FDIC release public portions of living wills * Banks express confidence they can be resolved smoothly * Documents...

What a Bank Is Supposed to Do?

Bruce Judson | Posted 08.28.2012 | Business
Bruce Judson

As reports that the JPMorgan Chase trading debacle may lead to losses of $9 billion, it's critical that our nation understand what is, and is not, acceptable behavior for a bank in our capitalist economy.

Banks Submit Living Wills

Reuters | Posted 08.26.2012 | Business

* Plans must show how to close bank safely * Public goal: Stop too-big-to-fail bailouts * Possible resul...

Report: Big Banks Take Risks Expecting Taxpayers To Cover Losses

AP | DAVID MCHUGH | Posted 08.24.2012 | Business

FRANKFURT, Germany — Governments, banks and households struggling with too much debt are dragging down the world's economy and more needs to be ...

Dave Jamieson

Janitor Confronts JPMorgan Chief At Hill Hearing (VIDEO) | Dave Jamieson | Posted 06.19.2012 | Politics

WASHINGTON -- A janitor from Texas confronted JPMorgan Chase CEO Jamie Dimon after a congressional hearing on Tuesday, asking the finance executive wh...

Banking Committee Members Embarrass Themselves and America

Erica Payne | Posted 08.18.2012 | Business
Erica Payne

Tomorrow morning, Dimon will again face questioning, this time from the House Financial Services Committee. Whether we hear as much praise and kowtowing remains to be seen, but given last week's sham, I wouldn't hold my breath.

Capitalism Fail: Financial Services on the Brink

Dave Lauer | Posted 08.18.2012 | Business
Dave Lauer

As institutions have grown "too big to fail", the financial services industry itself has taken on a much larger and more concentrated (and therefore more problematic) share of GDP.

Crowd-Source the Federal Reserve Bank Boards

Jonathan Reiss | Posted 08.14.2012 | Business
Jonathan Reiss

It's time for the Federal Reserve Banks to replace the old boy networks with computer networks. Their boards are supposed to have representatives of the public and specifically of consumers and labor but they complain they can't find many. Crowd-sourcing can address this problem.

If We Can't Understand Them, We Should Just Break Them Up

Brad Miller | Posted 07.24.2012 | Politics
Brad Miller

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

A Danger Lurking in the Shadows

Micah Hauptman | Posted 07.23.2012 | Business
Micah Hauptman

An unaddressed cause of the 2008 financial crisis was banks' reliance on elaborate schemes called repurchase agreements, or "repos," to fund their operations. Four years later, the usual suspects remain heavily dependent on them, endangering the financial system.

Big Bank Time Bomb Ticking

Ted Kaufman | Posted 05.20.2012 | Politics
Ted Kaufman

What is so abundantly clear is that the lack of transparency in derivatives trading, and the sheer complexity that is a by-product of that lack of transparency, really can make them "financial weapons of mass destruction."

Romney: Big Banks Can Fail

The Huffington Post | Luke Johnson | Posted 05.17.2012 | Politics

Mitt Romney said Wednesday that he believes a big bank should be allowed to fail if it runs into financial difficulty. "My own view is that if a la...