Josh Rosner of Graham Fisher testifies before a subcommittee of the House Financial Services committee today on why Dodd Frank has not ended too big to fail, but also has managed to entrench the megafirms' advantaged position.
Apparently it never occurred to Attorney General Eric Holder that the Associated Press might be "too big to fail." If it had,then his Justice Department...
During the 2012 election we heard about "Julia," the woman who benefited from government programs or more specifically from President Obama being in office. What we didn't hear (because Republicans failed to make the case) was the harm that big government does to women. Show More Summary
Well, the Vancouver Canucks' season is over and now it's time to reflect on their playoff performance. There's no sugar coating this one, as the Canucks' report card reads a big F. The team failed on all cylinders this time around, and a result, there may be big changes coming in the offseason. Show More Summary
The growing problem of too big to fail.
Why did the New York Islanders fail to advance? Well, we know the big reason is they were playing the Pittsburgh Penguins, without question a vastly superior team. But specifically, what was the problem and how can the Isles continue their growth next year? John Kreiser, writing at NHL.com, offers five reasons and I won’t [...]
Robo-signing is in the news again, and in a big way. For one thing, the New York Attorney General’s office is suing Bank of America Corp (NYSE:BAC) and Wells Fargo & Co (NYSE:WFC) for allegedly failing to follow the conditions of the $26 billion settlement over shabby foreclosure practices, which featured the mindless signing of [...]
Andrew Green says that the pro wresting company should have known an attack upon him wasn't staged and that it failed to supervise the Big Show. read more
Robo-signing is in the news again, and in a big way. For one thing, the New York Attorney General's office is suing Bank of America and Wells Fargo for allegedly failing to follow the conditions of the $26 billion settlement over shabby...Show More Summary
I’ve increasingly become a big fan of Led Zeppelin. In fact, in the months since Celebration Day was released, I’ve managed to get all their albums (except for the live ones), and now that I’ve finally gotten around to listening to Celebration Day, I (and I’m sure that most of the people who’ve listened to [...]Show More Summary
Breaking up the biggest banks because they are perceived as "too big to fail" is unrealistic. What is needed, however, are improvements in the transparency and the accountability of governance in these institutions.
Can banks twist their ratios to look safer than they really are? Can banks really be too big to fail? Has it worked elsewhere? The Fool's Matt Koppenheffer answers these questions in the following video. Many investors are scared about investing in big banking stocks after the crash, but the sector has one notable standout. Show More Summary
> My Sunday Washington Post Business Section column is out. This morning, we look at the question: Can two senators end ‘too big to fail’? Here’s an excerpt from the column: “Just how much of a subsidy are the banks receiving? An International Montetary Fund Working Paper quantified it as creating an 80 percent...Read More
Clues had been coming in for the past couple of weeks. After last fall failed to produce a single breakout new comedy series, the networks stepped up their comedy development efforts. That resulted in a glut of hot comedy pilots that made network executives giddy. Show More Summary
A commenter asked me to do a post on what would have happened if NGDP targeting had been put into effect in mid-2008. The immediate effect would have been a boom in asset prices, and most likely Lehman would not have failed. The big financial crisis of October 2008 would not have happened. In other [...]
A Bloomberg Markets magazine study estimates that dirt-cheap borrowing programs and other benefits have saved the nation’s six largest banks—JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley—$102...Show More Summary
A small handful of huge Wall Street banks are quite literally Too Big to Fail: the failure of any one of these institutions would rip such a large hole in the global economy that we'd all fall in and break our necks. In times of trouble,...Show More Summary
Source: Bloomberg Markets Magazine
America is increasingly aware that banks that are too big to fail, trust, regulate, prosecute, and jail are thus — duh — TOO BIG TO EXIST!! This basic principle espoused by anybody with even a modicum of “sense on cents” is gaining momentum in Washington given the growing bipartisan support for the Brown-Vitter Bill to [...]
The stock market pulled back Thursday as investors became harder to please. Even a decline in the number of Americans applying for unemployment benefits failed to give stock prices a big boost. Markets drifted lower in early trading, then ticked higher in the early afternoon. Show More Summary