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Tom Hayden
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 . '/' . substr('9780812977288',-6,3) . '/' . '9780812977288' . '.jpg'; ?>)
By Gay Talese
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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.
Posted on May 22, 2013
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peasap (CC BY 2.0)
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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 billion since 2009.
Posted on May 10, 2013
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peasap (CC BY 2.0)
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By Ellen Brown, Web of Debt —
The new rules for keeping the too-big-to-fail banks alive allow for the use of creditor funds, including uninsured deposits, to recapitalize failing banks. In the event of another crisis, access to your money would depend on the security of the FDIC. The question, then, is how reliable is the FDIC?
Posted on Apr 30, 2013
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ShironekoEuro (CC BY 2.0)
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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.
Posted on Apr 25, 2013
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AP/Rich Pedroncelli
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Wall Street sees no need for more regulations of course, but unfortunately for Main Street Americans still reeling from the last financial crisis, President Obama may turn out to be the banking industry’s biggest ally.
Posted on Apr 10, 2013
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mahalie (CC BY-SA 2.0)
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By Ellen Brown, Web of Debt —
With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.
Posted on Apr 10, 2013
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Expressing concerns that “too big too fail” banks have also become “too big to jail,” Sen. Bernie Sanders, I-Vt., said Wednesday that he will introduce legislation to break up the nation’s biggest financial institutions.
Posted on Mar 28, 2013
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AP/Alex Brandon
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If Bernanke’s stance is any indication, Sen. Warren, who was just sworn in this January, is already having a positive impact on Washington.
Posted on Mar 21, 2013
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A look at the day’s political happenings, including the House votes to avoid a government shutdown and Gabrielle Giffords makes a plea for gun control at the place where she was shot two years ago.
Posted on Mar 6, 2013
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Sen. Elizabeth Warren, D-Mass., a two-time Truthdigger of the Week, demonstrated once again why big banks and Wall Street want to keep their distance from her when she took on Ben Bernanke during his semiannual appearance before the Senate Banking Committee on Tuesday.
Posted on Feb 26, 2013
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david_shankbone (CC BY 2.0)
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Sanford Weill—the former Citigroup CEO who led the charge to repeal Glass–Steagall and bring about the era of “too-big-to-fail” banks—is stunning critics by calling for the breakup of behemoth financial institutions.
Posted on Jul 25, 2012
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jpellgen
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The financial meltdown and subsequent bailout have dampened Americans’ faith in government and stirred widespread outrage. Neil Barofsky, who once served as special inspector general in charge of oversight of the Troubled Asset Relief Program, says that anger may point the way toward reform.
Posted on Jul 23, 2012
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Sasha Y. Kimel (CC-BY)
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Saturday is the day 80,000 people have pledged to punish “too big to fail” banks by moving their money to credit unions and local community institutions. How does it work? Will banks feel the hurt? How can it be done quickly and conveniently? Josh Harkinson at Mother Jones answers these questions and more.
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Flickr / Wonderlane (CC-BY)
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Moody’s downgraded the credit ratings of three major U.S. banks Wednesday, and so far it appears that Bank of America was the hardest hit by the move.
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Flickr / stevendamron
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Essayist, Yale English professor and TomDispatch contributor David Bromwich takes a careful accounting of the “sacked” and “saved” members of the Obama administration in an attempt to reveal the similarities between his presidency and George W. Bush’s. (more)
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Pat Bagley, Cagle Cartoons, Salt Lake Tribune —
Posted on Aug 14, 2011
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imdb.com
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By Robert Scheer — It is not true, as a Wall Street Journal reviewer claimed, that the HBO movie version of Andrew Sorkin’s book “Too Big to Fail” was “Too Boring to Watch.” On the contrary, the problem with the film, as with the richly anecdotal book, is that it is all too effectively misleading.
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Flickr / eflon
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Coming only a year too late to the party, Fed Chair Ben Bernanke has asserted that regulators must be “significantly tougher” on the large financial firms, arguing that the perception of those institutions as “too big to fail” threatens competition in the financial markets.
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