The End of 'Too Big to Fail'
The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.
The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.
Ellen Brown | Posted 11.09.2009 | Business
While Wall Street's welfare queens have been busy collecting generous government handouts, the 50 states have been left to fend for themselves.
Charles Gasparino | Posted 11.09.2009 | Business
The only thing worse than Goldman Sachs amassing billions in bonus money for its executives, based on various government subsidies and bailout measures, is listening to it try to explain it all away.
Dylan Ratigan | Posted 11.02.2009 | Business
The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.
HuffingtonPost.com | Shahien Nasiripour | Posted 10.30.2009 | Business
Democrats and Republicans ripped into Treasury Secretary Timothy Geithner during a Congressional hearing Thursday, as Geithner defended an administrat...
Washington Independent | Mike Lillis | Posted 10.28.2009 | Politics
In the wake of the recent financial meltdown, it sounds like a reasonable idea: A proposal granting the White House broad new authority to take over w...
HuffingtonPost.com | Jason Linkins | Posted 10.26.2009 | Business
On today's Morning Meeting, Dylan Ratigan took on the issue of bailouts for the few banks anointed as "too big to fail" with Mark Fisher, founder of M...
Jerome Halligan | Posted 10.23.2009 | Comedy
The Dow Jones Industrial Average soared above 10,000 again Tuesday, chiefly on the strength of a report that Wall Street executives can do "basically anything they f***ing want, whenever they f***ing want."
Stuart Whatley | Posted 10.24.2009 | Business
Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.
Allison Kilkenny | Posted 10.22.2009 | Politics
The Times shows its agenda when it refers to the not-yet-existing AIG bonuses slashes as "the humbling downfall of the once-proud giants" while all those pesky citizens won't stop with the "populist animosity."
AP | JIM KUHNHENN | Posted 10.21.2009 | Business
WASHINGTON — The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said ...
Jonathan Richards | Posted 10.21.2009 | Comedy
If we're ever going to develop real financial stability, perhaps its time to consider eliminating the pesky middle man.
Steven G. Brant | Posted 10.20.2009 | Politics
With all the interest in the damage Wall Street has done, activity that's the opposite should draw some attention. But coverage of the corporate social responsibility movement is not yet an idea whose time has come.
Eric Lotke | Posted 10.19.2009 | Politics
People didn't vote last November for laissez-faire capitalism and billion dollar bonuses. They didn't bail out banks that were too big to fail so they could take over banks that were smaller and did.
David A. Love | Posted 10.15.2009 | Politics
American-style capitalism is the system that gives you pilots buying groceries with food stamps and sheriffs throwing families out of their homes. President Obama, it's time for a "new" New Deal.
Garrett Johnson | Posted 10.13.2009 | Business
Hundreds of years ago the Incas would sacrifice virgins to appease their Volcano God. The Gods (the banks) and the methods (bailouts) may have changed, but the tradition remains.
Lawrence G. McDonald | Posted 10.12.2009 | Business
These 21st century banks have become deadly, systemically risky dominoes that can crush us all if they fail, or can bankrupt us all with debt if we have to bail them out.
Allison Kilkenny | Posted 10.11.2009 | Politics
Today, the New York Times announced the 100th small bank failure of 2009. Don't expect any mourning. The bank isn't named "JPMorgan Chase."
Diane Tucker | Posted 10.11.2009 | Business
Taibbi, Rolling Stone magazine's teen heartthrob, became a sensation last month after calling Goldman Sachs "a giant vampire squid wrapped around the face of humanity."
HuffingtonPost.com | Arthur Delaney | Posted 10.09.2009 | Business
A former Bank of America employee has joined the fledgling "debtors' revolt" movement. "I was an assistant branch manager for Bank of America for two...
Garrett Johnson | Posted 10.06.2009 | Business
How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?
Eddie Reeves | Posted 09.29.2009 | Business
For leaders who understand the value of well-executed strategic communications efforts, there are at least five key lessons to be learned from the bailout disaster one year ago.
The Yes Men | Posted 09.26.2009 | Media
We posed as Dow Chemical representatives at a big banking conference where we said that any number of human deaths is acceptable as long as a project is profitable. The bankers applauded.
Les Leopold | Posted 09.25.2009 | Business
The banks that were too big to fail have actually gotten bigger. The consumer financial protection agency is getting watered down by bank lobbyists funded indirectly by our bailout.
Sasha Abramsky | Posted 09.23.2009 | Politics
Barack Obama has always been at his best when the setting enables him to explain his vision for transformative change through the use of broad historical themes and holistic analyses.
Rep. Paul Kanjorski | Posted 11.13.2009 | Business