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Too Big to Fail

Alexander Eichler

Fed's $1.2 Trillion In Loans 'A Classic Case Of Moral Hazard'

HuffingtonPost.com | Alexander Eichler | Posted 10.22.2011 | Business

During the 2008 financial crisis, when the nation's banking system seemed on the verge of collapse, President George W. Bush authorized a $700 billion...

From "Too Big to Fail" Banks to "Too Big to Default" Nations to What's Next?

Lydia Fisher | Posted 10.19.2011 | Business
Lydia Fisher

We've had financial bubbles before. This one's got a twist though. It's fraught with complexity, scope, depth, widespread fraud and bad underwriting practices making coming out of it, all the more difficult.

Jason Linkins

This Day In TARP Triumphalism

HuffingtonPost.com | Jason Linkins | Posted 10.18.2011 | Politics

It's been a while since we've heard that trumpet voluntary from the Treasury Department, signaling the sending of another press release celebrating the fact that "TARP worked!" But this week, the horns sounded.

The Case for Moving Your Money

Don McNay | Posted 10.04.2011 | Business
Don McNay

I want to send Wall Street a wake-up call, as they don't seem to be getting it. The best way is with my dollars. My resources don't add up to what a chairman of a Wall Street bank gets in an annual bonus, but keeping those dollars away is a start.

Simon Johnson: Low Bank Capital Is Next U.S. Fiscal Crisis

Bloomberg | Simon Johnson | Posted 10.01.2011 | Business

The summer debate that has dominated Washington seems straightforward. Under what conditions should the U.S. government be allowed to borrow more mone...

How Banks Are Using Bulldozers To Minimize The Foreclosure Glut

TIME | Stephen Gandel | Posted 10.01.2011 | Business

Banks have a new remedy to America's ailing housing market: Bulldozers. There are nearly 1.7 million homes in the U.S. in some state of foreclosure...

Legalized Loan Sharks

Don McNay | Posted 09.28.2011 | Business
Don McNay

"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.

Goldman Sachs Wins Dismissal Of Lawsuit Alleging It Misled Investors

Posted 09.20.2011 | Business

NEW YORK (Jonathan Stempel) - Goldman Sachs Group Inc won the dismissal of a lawsuit accusing it of causing an investor to become insolvent by fra...

Majority Of Americans Support Strong Consumer Protection Agency: Poll

The Huffington Post | James Sunshine | Posted 09.20.2011 | Business

As of Thursday, the Consumer Financial Protection Bureau is open for business. And many Americans have already expressed their support. The agency,...

Dodd-Frank's First Birthday: One Year Under Constant Assault

Ted Kaufman | Posted 09.20.2011 | Politics
Ted Kaufman

To say that the year-old Dodd-Frank Wall Street Reform and Consumer Protection Act is under attack in Washington is like describing Little Big Horn as an engagement between the cavalry and the Indians.

Jon Ward

Newt Gingrich: The Lone 2012 GOP Hopeful To Get Specific With Dodd-Frank Criticisms

HuffingtonPost.com | Jon Ward | Posted 09.20.2011 | Politics

WASHINGTON – All the 2012 Republican presidential candidates have said they disagree with the Dodd-Frank legislation, and that sentiment has only ha...

Shahien Nasiripour

A Year After Dodd-Frank, Too Big To Fail Remains Bigger Problem Than Ever

HuffingtonPost.com | Shahien Nasiripour | Posted 09.19.2011 | Business

WASHINGTON -- A year after Congress passed a landmark law intended to tame the excesses that produced the financial crisis, some experts contend that ...

Elizabeth Warren, Accountability, Debt Ceiling and: "No More Phonies" Reads America's Want Ad!

Lydia Fisher | Posted 09.19.2011 | Business
Lydia Fisher

Good for Elizabeth Warren for taking a stand. Coming from Wall Street, I know exactly what that means. You take the heat when you come up against the ...

Tim Geithner: Banks' Interests 'Not Aligned' With Those Of American Economy

The Huffington Post | James Sunshine | Posted 09.17.2011 | Business

Despite warnings from JPMorgan Chase CEO Jamie Dimon that the U.S. government may be suffocating the American economy recovery through over-regulation...

Citigroup Turns Profit For Sixth Consecutive Quarter

AP | PALLAVI GOGOI | Posted 09.14.2011 | Business

NEW YORK — Citigroup Inc. has long boasted of its international scope. It has a presence in 140 countries, more than any other U.S. bank. Now, ...

Simon Johnson: Are Bank Examiners To Blame For Slow Job Growth?

New York Times | Simon Johnson | Posted 09.13.2011 | Business

With unemployment back up to 9.2 percent, as reported last week, the hunt is on for an explanation of why job creation has been so slow since the fina...

'Blaming Fannie for Crash Gives Banks Free Pass'

Bloomberg | William D. Cohan | Posted 09.12.2011 | Business

As should be abundantly clear by now to anyone who has taken the time to study things carefully, there were many factors that contributed to the calam...

BofA Gives $30K Worth Of Social Security Payments To Wrong Person

The Huffington Post | James Sunshine | Posted 09.11.2011 | Business

Bank errors with serious consequences continue to pile up, and not only because of the "robo-signing" that has become so closely associated with alleg...

What Is Truth?

Lydia Fisher | Posted 09.10.2011 | Business
Lydia Fisher

Falsehood creates a convoluted mess, a sense of disorder. Hold that thought and think "cause and effect" -- the financial crisis largely created our fiscal crisis leading now to the US national debt ceiling problem.

Goldman Staff Under Pressure To Keep Low Profile

New York Times | Kevin Roose | Posted 09.07.2011 | Business

When Matt Levine, a vice president at Goldman Sachs, announced in May that he was leaving his job to become a full-time writer for Dealbreaker, a sati...

Lessons From the Crisis

Neil Barofsky | Posted 09.06.2011 | Business
Neil Barofsky

The most striking lessons from the financial crisis and its aftermath already appear either to have been forgotten or to have never been learned. The American financial system can still be brought to its knees by the poor decisions of a small group of executives.

Telling the Truth About Planetary-Scale Socialsm

Gernot Wagner | Posted 09.04.2011 | Green
Gernot Wagner

One of the more powerful quotes about the importance of taking nature seriously goes back to Oystein Dahle: "Socialism collapsed because it did not allow the market to tell the economic truth. Capitalism may collapse because it does not allow the market to tell the ecological truth."

Newly-Approved Rule Claws Back Pay Of Those Responsible For Financial Collapse

Posted 09.05.2011 | Business

WASHINGTON (Dave Clarke) - U.S. regulators will be able to snatch back up to two years of Wall Street executives' pay if they are found responsibl...

Morgenson and Rosner's "Reckless Endangerment"

Robert Teitelman | Posted 08.30.2011 | Business
Robert Teitelman

There are roughly two kinds of books written about the financial crisis, much as there are two broad reactions to events that culminated in the implos...

Bank of America: Too Big to Follow the Law

Don McNay | Posted 08.29.2011 | Business
Don McNay

Take from your money from places like Bank of America and move them banks and credit unions in your community. To my knowledge, none of them have paid a $8.5 billion settlement.