iOS app Android app

Volker Rule

A Strong Dose of Mo Needed

Rev. Seamus P. Finn, OMI | Posted 10.23.2013 | Business
Rev. Seamus P. Finn, OMI

Slogans and promises alone will not be the solution. We need to get the rules and regulations that respond to real needs and to the needs of communities across the country.

Bravo, Elizabeth Warren -- American Hero

Miles Mogulescu | Posted 09.16.2013 | Politics
Miles Mogulescu

Elizabeth Warren -- the mother of the Consumer Financial Protection Bureau -- deserves a big round of applause from the American people.

The Wall Street Journal Rides to the Rescue of Jamie Dimon

Raymond J. Learsy | Posted 07.13.2013 | Business
Raymond J. Learsy

In a scolding editorial yesterday, "Targeting Jamie Dimon," the WSJ berates the "activist shareholders and the ususal media scolds pushing for JP Morgan to strip Mr. Dimon of his Chairman's role in the name of better corporate governance..."

Are We Heading Towards Cyprus or Socialism?

Les Leopold | Posted 06.04.2013 | Business
Les Leopold

What will happen the next time the largest banks in America gamble their way into chaos? Will taxpayers bail them out again or will the "stakeholders" be forced to make up the losses?

Too Big to Whale: Why JP Morgan Chase Should Be Shut Down

Les Leopold | Posted 05.17.2013 | Business
Les Leopold

Executives show utter contempt for regulators and for telling the truth. How dare those lowly public servants interfere with the banks primary mission, which is making as much money as possible, anyway possible, and damn the law!

Banks in Collusion With the Fed Shamelessly Spike Up Price of Oil/Gasoline

Raymond J. Learsy | Posted 09.16.2012 | Business
Raymond J. Learsy

Today, Federal Reserve Chairman Ben Bernanke will be testifying before a House Financial Services Committee. Would it not be timely if he were asked about the role the Fed plays in facilitating the bank holding companies to hold sway in the oil market?

Joseph Stiglitz: Wall Street's Lobbying Efforts Have 'Really Paid Off'

The Huffington Post | Khadeeja Safdar | Posted 07.02.2012 | Business

All that money banks have spent wielding influence in Washington has "really paid off," according to Joseph Stiglitz. "Not for shareholders and bo...

How Kennedy's Death Led to JP Morgan Losing $2 Billion

Jason Stanford | Posted 08.19.2012 | Politics
Jason Stanford

JP Morgan didn't lose $2 billion because of hubris, regulation, or market forces. It lost $2 billion because Ted Kennedy died.

Both Sides Now: Spitzer-Matalin on Chase Chastened & Bain Targeted

HuffPost Radio | Posted 05.20.2012 | Politics
HuffPost Radio

2011-11-29-20111107bothsidesnow.jpgEliot & Mary debate how a bad bet in London -- shades of AIG! -- produced "told you sos" from those wanting a strong Volcker Rule. Is Regulation still evil? Then: the two debate opening partisan attacks on Bain and Debt.

Too Big to Care

Leslie Hendry | Posted 07.14.2012 | Money
Leslie Hendry

No one wants to repeat another bailout, and politically speaking, it's hard to imagine one getting passed again within the next fifty years. But when financial leaders allow huge bets to be placed on unnatural, or synthetic securities, they simply haven't learned the lessons of the past crisis.

Jamie Dimon Volker Rule

Jeff Danziger | Posted 07.14.2012 | Politics
Jeff Danziger

2012-05-14-Screenshot20120514at8.09.15AM.jpg

Michael Lewis: The Volcker Rule Should Push Even Harder

The Huffington Post | Khadeeja Safdar | Posted 05.03.2012 | Business

The Volker rule should push even harder to curb banks' bets with their own money than it would do as presently constructed, according to Michael Lewis...

Bravo JP Morgan! Just What We Need, Another Wall Street Casino

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Hardly deterred by the events of 2008, JP Morgan has been assiduously buying commodities trading assets spending more than $2 billion sopping up the trading operations of other firms.

A Misguided Deficit Commission

Pearl Korn | Posted 05.25.2011 | Politics
Pearl Korn

The Obama Administration's Deficit Commission is at best errant in its mission and at worst a bait-and-switch ploy being run on the American people.

Sen. Feingold & Cantwell: Stay Principled and Vote Against Weak Financial Reform Bill -- But Don't Let Republicans Filibuster

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

The Democrats' financial reform bill is weak tea that doesn't fix the problem of too big to fail megabanks or prevent the next cycle of boom, bust and bailout.

Restricting Bank Funding for Hedge Funds: Paul Volcker Does Not Go Far Enough

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enough.

Why the Fight for Financial Reform Needs to Get Much More Personal

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

When it comes to the fight over financial reform, Democrats are making the same mistake they did with health care: failing to put the effect reform would have on the lives of real Americans front and center.

Finally, the Republicans Come Out to Fight: Where Is the President?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Paul Volcker made his determination long ago: the big banks are too big and must be broken up. The Republicans have made their answer clear: No way. Time for Obama to make the call.

Disastrous Performance by Treasury on Capitol Hill

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The campaign to convince people that Treasury is serious about banking reform -- led sometimes by President Obama -- suffered a major blow today on Capitol Hill.