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Too Big to Fail

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)

HuffingtonPost.com | 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...

Is JPMorgan's Loss a Canary in a Coal Mine?

Bill Moyers | Posted 07.16.2012 | Business
Bill Moyers

"The fact that JPMorgan Chase lost so much money in a relatively benign moment compared to what we've seen in the past and what we're likely to see in the future suggests that we are absolutely on the path towards another financial crisis of the same order of magnitude as the last one."

How JPMorgan's Loss Will Affect Four Key Parts Of Financial Reform

AP | DANIEL WAGNER | Posted 07.15.2012 | Business

WASHINGTON — The $2 billion trading loss at JPMorgan Chase has renewed calls for stricter oversight of Wall Street banks. Two years after Congre...

The SAFE Banking Act Will Do What Financial Regulators Thus Far Have Not

Micah Hauptman | Posted 07.10.2012 | Business
Micah Hauptman

Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.

Mark Gongloff

Regulator Outlines Strategy To Avoid Future Wall Street Bailouts

HuffingtonPost.com | Mark Gongloff | Posted 07.10.2012 | Business

The problem with banks being too big to fail is not necessarily their bigness, but their failure. Like a runaway train plowing through a city block, a...

Paul Ryan: Paul Ryan Is Totally Wrong About Bank Reform

The Huffington Post | Mark Gongloff | Posted 05.10.2012 | Business

Who is that handsome socialist from Wisconsin, and what has he done with Rep. Paul Ryan? A Bloomberg View piece on Wednesday in support of the Volc...

Too Big To Fail Architect: Don't Blame Me!

Mark Gongloff | Posted 07.07.2012 | Business
Mark Gongloff

The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...

Heroic Banker Defends Other Heroic Bankers

Mark Gongloff | Posted 07.04.2012 | Business
Mark Gongloff

Jamie Dimon would like you all to stop discriminating against banks now. The golden sun-god CEO of America's greatest bank, JPMorgan Chase, has becom...

Goldman: This Regulation Will Kill 300,000 Jobs

Mark Gongloff | Posted 07.02.2012 | Business
Mark Gongloff

By now, we're almost as sick of writing about Wall Street fighting new regulation as you are of reading it. It's always the same thing: Wah, we're big...

One Fed President's Radical Idea To Punish Banks

The Huffington Post | Mark Gongloff | Posted 05.01.2012 | Business

Dallas Federal Reserve President Richard Fisher delivered a May Day gift to Occupy Wall Street. Fisher, who has argued repeatedly for the end of to...

'Too Big to Fail' Banks Less Profitable and More Risky Than Sustainability-Focused Banks

R. Paul Herman | Posted 06.30.2012 | Business
R. Paul Herman

Successful banking in the 21st century will focus on these new fundamentals so that those banks following this approach can truly become "too sustainable to fail."

Tea Party Reps Reap Benefits Of Big Bank Bailouts

Bloomberg | Heidi Przybyla and Phil Mattingly | Posted 06.30.2012 | Politics

Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks. Now ...