A new phrase has emerged that should strike fear in the hearts of bank CEO’s, Too Big to be Rescued.
|By: TheMediaConsortium Tuesday July 20, 2010 9:54 am|
With the Wall Street reform bill finally cleared through Congress, activists and intellectuals are pushing hard to make sure that this bill isn’t the last word Congress utters about Big Finance. We need deeper and more robust reforms, but it’s also critical to ensure that the new bill is implemented as effectively as possible. Part of that means appointing officials with a proven record as robust reformers—people like Elizabeth Warren.
|By: Tony Collings Friday June 25, 2010 11:10 am|
Some news media portray the financial reform deal as “sweeping” but is it?
|By: GregoriusU Monday May 24, 2010 7:04 am|
Financial Reform is like a piece of old underwear–so full of holes, the skidmarks stay on your pants.
|By: marinara Friday May 21, 2010 3:04 pm|
Debt that isn’t restructured is oppressive. Bad debt can destroy economic activity as the struggle to pay debts becomes harder and harder as the economy shrinks.
|By: tiffiniycheng Thursday May 6, 2010 8:40 am|
The Brown-Kaufman SAFE Banking amendment has become the single most important amendment to the financial reform bill to end bailouts. It is the most transformative bill because it addresses the problem that too big to fail banks are too big to regulate properly and are able to capture votes in Congress like nobody’s business. Our data crunching shows that Senators who are currently opposed to breaking up the banks receive twice as much in campaign contributions from the finance sector than those who are for “SAFE Banking”
|By: TheMediaConsortium Tuesday April 27, 2010 10:11 am|
Last night, Senate Republicans proved beyond any doubt that when it comes to the economy, they stand with Wall Street and against everybody else. Joined by lone Democrat Sen. Ben Nelson (D-NE), Republicans successfully filibustered the procedural technicality of opening debate on Wall Street reform. It’s an unmistakable ploy to kill the bill and collect campaign cash from bigwig bankers. The coming weeks won’t be pretty.
|By: tiffiniycheng Friday April 23, 2010 11:45 am|
Watch as the most corrupt “Too Big To Fail” bank CEOs play a spirited game of “Taxpayer Hold ‘Em” … Not with their money … but with yours! And sign our petition to send the message to Congress that it is time to put an end to taxpayer bailouts once and for all by breaking up the big banks and putting an end to “Too Big to Fail.”
|By: Leo W. Gerard Friday April 23, 2010 8:38 am|
The SEC accuses Goldman Sachs of fraud in a civil suit. An audit of Lehman Brothers reveals it used a shady accounting practice to conceal $50 billion in debts. An investigation of Wa-Mu shows it was rife with fraud, including fabricated loan documents. Clearly, these bankers can’t stop themselves from engaging in deceit to make money. And the “free market” has failed to moderate their reckless gambling. Strict regulation is crucial to prevent them from crashing the world economy again.
|By: tiffiniycheng Friday April 23, 2010 7:23 am|
Senate Republicans say they’re against both the bailouts and the Democrats’ proposed legislation to end them. They say that Sen. Dodd’s bill would “actually guarantees future bailouts.” It’s time for the Republicans to put up or shut up. Will they make Dodd’s bill better by breaking up the too big to fail banks and putting new rules in place that never let them get so big and systemically risky, or will they shill for Wall Street?