A new bill moving through the Senate aims at restricting big banks’ ability to risk on the taxpayers’ dime. Image: JPMorgan Chase & Co. (NYSE:JPM) At least that’s what the bill’s sponsors say. Senators Sherrod Brown (D-OH) and David Vitter (R-LA) have proposed that large banks – those with more than $500 billion in assets [...]
``Obama's Treasury department is just as unfriendly to the idea of breaking up big banks, or limiting their destructive potential, under Jack Lew as it was under Timothy Geithner, Brown said. He was particularly unhappy with a recent...Show More Summary
Another one bites the dust for Cheick Kongo, who once again failed to win the big one at UFC 159. The burly French heavyweight fell victim to a massive overhand right by Roy "Big Country" Nelson at 2:03 of the first round. Despite aShow More Summary
There are two competing narratives about recent financial-reform efforts and the dangers that very large banks now pose around the world. One narrative is wrong; the other is scary.
By StockRiters: Even as the rules of the Frank Dodd Act are being negotiated and rewritten, there is another "too big to fail" legislation in draft. According to reports, Senators Brown and Vitter may introduce a bill that will require U.S. Show More Summary
Wal-Mart has been scraping and clawing for years to get a foothold in the NYC market—as recently as last fall, the company seemed on the verge of opening a big box store in Brooklyn, but their not-so-charmed offensive failed at the last minute. Show More Summary
By Mike Arnold: In this column, I want to provide some observations on overall market sentiment as the indices continue to move higher. Last night, I watched Too Big To Fail for the first time, which highlighted the euphoria emanating...Show More Summary
The regulation proposed by Senators David Vitter (R-LA) and Sherrod Brown (D-OH) intended to end 'Too Big To Fail' was obviously going to make Wall Street nervous — but we didn't expect Standard and Poor's to call it the end of the world. Show More Summary
The phrase “too big to fail” was originally coined during the mid-1980s but it gained popularity during the 2007 financial meltdown. The phrase ascertains the some institutions/corporations are so large and interconnected that it would be disastrous for the economy if they were to go bankrupt. During the 2007 financial crisis, many of the nation’s [...]
Stringent Capital Requirements for Too Big to Fail
Should 'Too Big to Fail' Be Done Away With?
Will it do for journalists and editors to remain thoroughly tangled up in their own remarkably unquestioned assumptions about what constitutes news? It's long past time to reconsider some journalistic conventions.
A new bill has "too big to fail" in its sights
By Todd Gitlin, TomDispatch When you think about the crisis of journalism, including the loss of advertising and the shriveled newsrooms—there were fewer newsroom employees in 2010 than in 1978, when records were first kept—also think of anesthetized watchdogs snoring on Wall Street while the Arctic ice cap melts.
Ohio Sen. Sherrod Brown (D) and Louisiana Sen. David Vitter (R) Wednesday introduced legislation aimed at reining in “too big to fail” megabanks by imposing strict capital requirements and preventing them from structuring themselves to elude existing regulations. The largest Wall Street banks are even bigger today than they were before the crisis, Brown noted [...]
Robert Williams of St. Andrew's research echoes our thinking when he observes that gold has made a strong bounce off the bottom and finds it significant. Basically the market has failed to "confirm" the initial action of the crash. This...Show More Summary
The following post is a guest contribution from Eric Mugnier, U.S. senior vice president at M&C Saatchi Mobile in New York. Until recently, Facebook faced a wall of criticism that that they had failed to sufficiently capitalize on their mobile users. The situation changed in January of this year when Facebook announced in its 2012 [...]
Who's to blame for banks becoming too big to fail? A good place to start would be your representatives in Washington.
When politicians express outrage toward too-big-to-fail banks, I can’t help but laugh a little on the inside. “Wall Street megabanks aren’t just too big to fail, they’re increasingly too big to jail,” vented Senators Sherrod Brown and Chuck Grassley after learning that the Justice Department had opted against prosecuting Wall Street banks for unscrupulous lending [...]
According to app developer Subhransu Behera, iOS email app Mailbox is a "security fail." We caught wind of this from 9to5Mac. Behera found out that anyone with physical access to the phone can connect it to a computer and use a free program called iExplorer to access the app's files. Show More Summary