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Wall Street Bailout

'Too Big To Fail' Is Still Alive And Well

Reuters | Mike Dolan | Posted 04.02.2014 | Business

LONDON (Reuters) - Five years after Lehman Brothers' seismic bust and just two years after euro member Greece defaulted, the concept of being too big ...

Wall Street Should Disclose Its Think Tank Contributions

Sen. Elizabeth Warren | Posted 04.01.2014 | Politics
Sen. Elizabeth Warren

Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.

Reflections on Too Big to Fail

Douglas Holtz-Eakin | Posted 03.26.2014 | Business
Douglas Holtz-Eakin

Too big to fail may be a problem. But it is no larger or smaller than the problem of good policy itself.

Oscar React: The Real 'Wolfs of Wall Street' Are Still Roaming Free

Dennis M. Kelleher | Posted 03.03.2014 | Business
Dennis M. Kelleher

To the extent that the movie implies that this relatively small time hustler was Wall Street's biggest, worst, most notorious or even a representative wolf of Wall Street, Leonardo DiCaprio and Martin Scorcese are howling up the wrong tree.

Shahien Nasiripour

Federal Reserve Transcripts Show Fretting About Inflation As Economy Collapsed

HuffingtonPost.com | Shahien Nasiripour | Posted 02.21.2014 | Politics

Top Federal Reserve officials were haunted by an imaginary inflation epidemic during eight months preceding the cataclysmic 2008 Lehman Brothers bankr...

Zach Carter

Key Republican Rips Income Inequality, Calls For New Stimulus

HuffingtonPost.com | Zach Carter | Posted 01.25.2014 | Politics

WASHINGTON -- Former FDIC Chair Sheila Bair sharply criticized Congress for failing to approve economic stimulus measures, saying elected lawmakers wh...

Head Of Nation's Bank Bailout Running For California Governor

AP | JULIET WILLIAMS | Posted 03.23.2014 | Politics

SACRAMENTO, Calif. (AP) — Neel Kashkari, a former U.S. Treasury official who was the architect of the nation's bank bailout at the height of the rec...

Wall Street's All-Out War Against Financial Regulation Continues Unabated

Dennis M. Kelleher | Posted 03.18.2014 | Business
Dennis M. Kelleher

Only in the warped, distorted, Alice-in-Wonderland world of Wall Street would one think "Washington went to war against big Wall Street banks" or that "Washington won [the war] in a blowout," as said today in a Politico article.

Ten Examples of Welfare for the Rich and Corporations

Bill Quigley | Posted 03.16.2014 | Politics
Bill Quigley

Here are the top 10 examples of corporate welfare and welfare for the rich. There are actually thousands of tax breaks and subsidies for the rich and corporations provided by federal, state and local governments, but these 10 will give a taste.

2014: Investing in a World of Hyperaggressive Monetary Policy

Janet Tavakoli | Posted 03.09.2014 | Business
Janet Tavakoli

The growth of the U.S.'s bigger and broader productive economy has been stunted by bad policies and bank bailouts benefiting rent-seeking financiers siphoning off an outsized percentage of the nation's gross domestic product (GDP).

Our Most Powerful Weapon Against Wall Street? The Reverse Eminent Domain Movement

Les Leopold | Posted 02.22.2014 | Business
Les Leopold

All of us have spent a great deal of time complaining about Wall Street and how hard it is to take them on given all their money and political power. But here we have several cities with more in the wings actually doing something about it. Wouldn't it be something if progressives all over the country spread this campaign to their own town councils?

Today's Bank Bailout Risk: Why Didn't We Stop This?

Janet Tavakoli | Posted 02.21.2014 | Business
Janet Tavakoli

The U.S. did not enforce existing securities laws, so no one should have confidence that new Dodd-Frank rules will have any meaningful impact. The U.S. banking system seems to have captured its regulators, Congress and the Treasury.

We Have Met the Enemy and She Is Old

Richard (RJ) Eskow | Posted 02.12.2014 | Politics
Richard (RJ) Eskow

When did older people become the enemy? Last week a judge ruled that Detroit could move forward with its plan to cut pensions for retired city workers. This week Washington is celebrating a budget deal which harms older people economically in several ways.

Your Opportunity to Stop Big Bank Bailouts

Rep. Alan Grayson | Posted 10.22.2013 | Politics
Rep. Alan Grayson

I've found an interesting and novel way to end Wall Street bailouts, and prove once and for all that no bank is "too big to fail." And I need your he...

Prince Harry Responds to Goldman Sachs

Janet Tavakoli | Posted 02.23.2014 | Business
Janet Tavakoli

I understand Goldman Sachs is prepared to make me a much bigger monetary offer with princely status and perks. I also understand that you exert influence over international trade, country treasurers, and central bankers. You enjoy perks and tax advantages beyond members of the royal family.

How Wall Street Devoured the Recovery

Les Leopold | Posted 11.20.2013 | Business
Les Leopold

Our new economic era is characterized by the supremacy of financial capital which vacuums up the productive wealth of the nation, and then uses the nation's wealth as an insurance policy to pay for its inevitable losses.

Why POTUS Allowed Bailouts Without Indictments

Janet Tavakoli | Posted 02.23.2014 | Business
Janet Tavakoli

The president was elected in part on his promise to effect change on the really tough issues, and there was no better time than when the crisis was fresh. I believe that went right out the window when he realized during his first campaign that corporations would throw money at him.

Occupy's Birthday #2 at Zuccotti Park -- Will It Require Party Hats or Helmets?

Jerry Ashton | Posted 11.13.2013 | New York
Jerry Ashton

For a movement largely pronounced moribund by the mainstream media, there is a menu of activism that suggests otherwise. It will be a busy day.

Bernanke's Deposition: AIG, Goldman, Merrill and Bailouts

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

The SEC has lost steam in its already very weak push against mortgage lenders and the investment banks that supplied them with money for alleged fraudulent lending.

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars

HuffingtonPost.com | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...

Why the Anger?

Robert Reich | Posted 10.12.2013 | Politics
Robert Reich

Why is there more anger, vituperation, and political polarization now than even during Joe McCarthy's anti-communist witch hunts of the 1950s, the tempestuous struggle for civil rights in the 1960s, the divisive Vietnam war, or the Watergate scandal?

Zach Carter

House Dems Press Ben Bernanke On Risks Of Bank Expansion

HuffingtonPost.com | Zach Carter | Posted 07.02.2013 | Politics

WASHINGTON -- Four House Democrats sent a letter to Federal Reserve Chairman Ben Bernanke on Friday, pressing him on the risks of the market manipulat...

Zach Carter

House Dems Embrace Wall Street Deregulation

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- Just one day after Treasury Secretary Jack Lew wrote a letter urging lawmakers to reject a slate of Wall Street deregulation measures, n...

Zach Carter

Dem Senator: Obama Is 'Wrong' On Big Banks

HuffingtonPost.com | Zach Carter | Posted 04.26.2013 | Politics

WASHINGTON -- Sen. Sherrod Brown (D-Ohio) said Thursday that President Barack Obama and the U.S. Treasury Department were "wrong" to claim that the 20...

Why Hank Greenberg Owes the American Taxpayer Money

Sanjay Sanghoee | Posted 06.01.2013 | Business
Sanjay Sanghoee

I don't care if Greenberg wants to sue God. It is a free country and he can do what he wants. But I do care when someone tries to reverse the consequences of their own bad decisions by using up the resources of my government.