Truthdigger of the Week: Judge Jed Rakoff

BLANK Dec 22, 2013 In The New York Review of Books last week, Judge Jed Rakoff stepped off the judicial bench and blamed the Justice Department for enabling "too big to jail" banks. Dig deeper ( 5 Min. Read )

Volcker Rule Made Meaningless by Abundant Exemptions

Nomi Prins / Truthdig Dec 19, 2013 The Volcker Rule has finally been approved by regulators, but with hundreds of pages of exemptions, too-big-to-fail banks have little to fear. Dig deeper ( 7 Min. Read )

Can the FDIC Protect Your Money From Another Crash?

Alexander Reed Kelly / Truthdig Aug 31, 2013 The first of a planned three-part series on the dangers of private banking highlights government documents describing plans to confiscate the deposits of individuals as well as cities, universities, counties and pension funds when another banking crash occurs. Dig deeper ( 2 Min. Read )

Not Too Big to Jail: Eliot Spitzer Is Wall Street’s Worst Nightmare

By Ellen Brown, Web of Debt Aug 20, 2013 Before his infamous resignation as governor of New York in March 2008, Eliot Spitzer was one of our fiercest champions against Wall Street corruption in a state that had some of the toughest legislation for controlling the banks -- and by extension, an advocate for women. Dig deeper ( 6 Min. Read )

Four Questions for Fed Chair Candidates

By Sens. Bernie Sanders and Elizabeth Warren Aug 12, 2013 In our view, the president’s nominee for Fed chair must be committed to improving the lives of working Americans who are still struggling through the worst economic crisis since the Great Depression. To that end, we have four questions. The president’s nominee for Fed chair must be committed to improving the lives of working Americans who are still struggling through the worst economic crisis since the Great Depression. Dig deeper ( 3 Min. Read )

JPMorgan Chase Examined for Mortgage Wrongdoing

Alexander Reed Kelly / Truthdig Aug 8, 2013 In a quarterly regulatory filing Wednesday, the nation's biggest bank revealed that it faces a criminal and civil investigation into "whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis" between 2005 and 2007. Dig deeper ( 2 Min. Read )

Watch: Sen. Warren Grills Jack Lew on Too Big to Fail Banks

Tracy Bloom / Truthdig May 23, 2013 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. Dig deeper ( 1 Min. Read )

More Than $100 Billion in Subsidies for Too Big to Fail Banks

Alexander Reed Kelly / Truthdig May 10, 2013 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. Dig deeper ( 1 Min. Read )

Bail-Out Is Out, Bail-In Is In

By Ellen Brown, Web of Debt Apr 30, 2013 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? Dig deeper ( 7 Min. Read )

Is the Press Too Big to Fail?

By Todd Gitlin, TomDispatch Apr 25, 2013 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. Dig deeper ( 12 Min. Read )

Sanders, Sherman Introduce Legislation to Break Up ‘Too Big to Fail’ Banks

Tracy Bloom / Truthdig Apr 10, 2013 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. Dig deeper ( 2 Min. Read )

Winner Takes All: The Super Priority Status of Derivatives

By Ellen Brown, Web of Debt Apr 10, 2013 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. Dig deeper ( 8 Min. Read )