Is justice deferred justice denied? The big news of the day is federal authorities are preparing to lower the boom on JPMorgan Chase for failing to alert U.S. authorities about Bernie Madoff’s Ponzi scheme, even though executives within the bank sensed something was amiss and went to so as to warn regulators in Europe. Show More Summary
Gone are the days of being a Golden Globes favorite: "Homeland" failed to pick up any nominations for the 2014 Golden Globes. The Showtime series won big in the past two years, with Claire Danes and Damian Lewis taking home awards for Best Actress and Actor in a Drama Series, respectively. Show More Summary
The final draft of the Volcker Rule has stricter definitions and rules meant to reign in risk-taking at Too Big To Fail banks. The post The Final Volcker Rule Gets Tough On The Risk-Taking Culture Of Wall Street appeared first on ThinkProgress.
“That's, I think, our best hope for getting out of the ‘too big to fail’ box."
Although proponents of the Volcker Rule say it will help end the era of "Too Big to Fail, some experts question whether the new financial regulation will do much good
Failure shouldn't be scary for entrepreneurs because it's the best way to learn, said Michael Skok, partner at Waltham, Massachusetts-based venture capital firm North Bridge, at a business event in Boston on Wednesday. "Fear of failure...Show More Summary
TMZ, IRS to MC Hammer: We're 2 Legit 2 Quit... Pay Your $800k in Back Taxes: MC Hammer just got touched in a big way by Uncle Sam... for failing to pay almost $800K in back taxes... according to court documents obtained by TMZ. The Feds sued...
Failing to fill up all its bowl slots is one way the Big 12 can follow up on Oklahoma coach Bob Stoops' offseason comments about conference depth. Ending the postseason with a losing record is another. That could very well be the case for the Big 12 when all is said and done. The Big 12's official bowl lineup was announced Sunday night. Show More Summary
Jason Momoa’s first attempt to break out as a blockbuster star didn’t exactly go as planned, with the Marcus Nispel-directed Conan The Barbarian remake failing to do big business at the box office, but now it appears as though Momoa may be getting a big second chance. Show More Summary
An Amtrak train struck a semitrailer truck that failed to stop at a crossing in central Minnesota, leaving the big rig's driver dead and several on the passenger train injured, authorities said.
It's not quite a victory lap, but Treasury Secretary Jack Lew is arguing that the battle against too-big-to-fail financial institutions is largely won. Yes, there remain enormous banks with multitrillion-dollar balance sheets and operations in all corners of the financial … Continue reading ?
Since regulators published a list of systemic institutions in 2011, the banks concerned have boosted capital and tamped down their balance sheets. But smaller lenders, particularly in Europe, have done the same. The “too big to fail” club turns out not to be too harsh after all.
Post by Ericka Sóuter. During an interview on Ellen, Britney Spears revealed the details of her first big fight with boyfriend David Lucado. The "tiffy," which the singer called it, started after he failed to call her back for six hours. Show More Summary
You know what they say — if you owe the bank $1,000 the bank owns you. If you owe the bank a million dollars your own the bank. Now turn that million dollars into billions, and make that bank thousands of investors, at least one very...Show More Summary
By The Gold Report: Mining stocks may have moved from a bear market to a place where they are becoming contrarian plays, says Mike Niehuser, founder of Beacon Rock Research, opening opportunities for value investing. With the concept...Show More Summary
Most understand the "too big to fail" banks have gotten bigger and bigger over time as they swallow up smaller banks bit by bit.
Goedemorgen, here is what I found interesting this a.m.: • Too Bullish for Comfort (Barron’s) • Sheila Bair: Is BlackRock too big to fail? (Fortune) • Ultra-Low Interest Rates: Who Wins? Who Loses? (Conversable Economist) Continues here
Submitted by Michael Snyder of The Economic Collapse blog, The too big to fail banks have a larger share of the U.S. banking industry than they have ever had before. So if having banks that were too big to fail was a "problem" back in...Show More Summary
``... as a result of a broken system that ever since the LTCM bailout has encouraged banks to become take on so much risk they become systematically important, and thus Too Big To Fail, there has been an unprecedented roll-up of existing...Show More Summary
Senator Elizabeth Warren is not taking the attack on her by Third Way lying down. In an open letter to the CEOs of the Too Big To Fail Wall Street banks responsible for the financial crisis of 2008, Senator Warren asks that they disclose their connections to think tanks like Third Way. Show More Summary