Carmen is a 23 year-old fighting to keep her family's home. Yesterday she was electrocuted by a taser at the Department of Justice while peacefully protesting with Occupy Our Homes and the Home Defenders League for her rights as a homeowner. Call...Show More Summary
At a Senate Banking Committee hearing Tuesday, the Massachusetts senator got the best of the Treasury secretary as she pressed him on whether the government should cap the size of big banks or break them up.
I feel like I’m on the “the too-big-to-fail subsidy is negative!” beat, even though I only kind of believe it, so in that spirit here is a fun paper from Goldman Sachs’ Global Markets Institute1 that finds that the too-big-to-fail subsidy is negative. Show More Summary
This morning's earnings release from Target contained a few surprises -- and not the good kind. The retailer failed to hit the bar analysts had set up, and the stock had fallen 3.5% by midday. The biggest issue for Target is the slowdown in foot traffic. Show More Summary
The biggest banks were already huge before the financial crisis, and concentration in the banking industry was in fact one of the causes of the crash. Yet they have gotten even bigger since then. Just 12 banks, 0.2 percent, control nearly 70 percent of total bank assets, and the 20 biggest hold assets equal to [...]
How big is "too big to fail"? In the great state of New York, it's pretty darn big. In fact, in some places "2B2F" is pretty darn near to "too big to compete with." Meet your banker -- whether you like it or not A recent report out of...Show More Summary
At a Senate banking committee hearing Tuesday, Sen. Elizabeth Warren (D-Mass.) grilled Treasury Secretary Jack Lew on too-big-to-fail banks—financial institutions that are so large that their failure would endanger the entire financial...Show More Summary
Last month, an unlikely pair of senators – Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican – introduced a non-binding resolution calling for the end of the implicit subsidies that “too big to fail” (TBTF) banks enjoy.
Most controversial issues have people on both sides and we know more or less why they disagree. People who want more gun control think it will reduce violence and fear. People who don't want more gun control think it will lead to more crime and government disrespect for citizens. Show More Summary
It would be horrific if 2014-- the 100th anniversary of the Fed-- was the occasion of another run on the giant banks-- and panicky selling in the stock and bond markets. I was scared enough from July, 2007 until late in 2009. Weren't you?
Will only shield taxpayers from bailing out troubled banks if there's a global framework. ||| A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Show More Summary
LONDON/STRASBOURG, France (Reuters) - A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday.
There is always something quietly devastating about a pronouncement from Lord Mandelson. Today more polls reveal the Labour party is failing to make headway when the Tories are in an… Continue reading The post Lord Mandelson gives Miliband two big tasks appeared first on Spectator Blogs.
Can two senators end ‘too big to fail’? Barry Ritholtz Washington Post, May 10 2013 Last month, an unlikely pair of senators — Sherrod Brown, an Ohio Democrat, and David Vitter, a Louisiana Republican — introduced a non-binding resolution calling for the end of the implicit subsidies that “too big to fail” (TBTF)...Read More
ByUnbigoted Research: For several years, the mantra of "too big to fail" has referred to the famous theory asserting that certain large financial institutions are so big - and so intertwined with other similar giants - that their failure would cause substantial turmoil and disaster in the overall economy. Show More Summary
Jolene stepped up to try and be the mother she'd always failed to be for Juliette on "Nashville." But since she's kind of a mess,...
Despite numerous attempts throughout the years, smell-o-vision has failed to take off on the big or small screens. Japanese company Chaku Perfume Co. Ltd. is hoping to have better luck on the even smaller screen with its Chat Perf attachment...Show More Summary
Way, way back in 2001, David Fincher was set to direct an adaptation of Frank Miller and Geoff Darrow’s comic book Hard Boiled with Nicolas Cage in the lead role. (No relation to John Woo’s film of the same name.) Those plans failed to work out, but the project never completely went away. Every few years, [...]
School fail: My daughter was sent home to an empty house (Babble) Big Ang wants to double date with Angelina Jolie and Brad Pit (Your Tango) Does Sports Illustrated have a woman problem? (HuffPo Women) Michelle Bachmann urges “spiritual warfare” … More » Morning Feeding: School Fail: My Daughter Was Sent Home to an Empty House is a post from Mommyish - Parenting Imperfect.
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.