"Too Big to Fail"
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Derivatives - The Unregulated Global Casino for Banks
Note the little man standing in front of white house. The little worm next to last football field is a truck with $2 billion dollars.GAO: Almost Half of Bailed Banks Repaid the Government With Money “From Other Federal Programs” « naked capitalism
By Matt Stoller, former Senior Policy Advisor to Rep. Alan Grayson and a fellow at the Roosevelt Institute.
What GAO Found
U.S. GAO - Capital Purchase Program: Revenues Have Exceeded Investments, but Concerns about Outstanding Investments Remain
Andrew Haldane · The Doom Loop: Equity and Banking · LRB 23 February 2012
In 1989, the CEOs of the seven largest banks in the US earned an average of $2.8 million, almost a hundred times the annual income of the average US household. In the same year, the CEOs of the largest four UK banks earned £453,000, fifty times average UK household income. These are striking inequalities.Citigroup
Public Citizen, a consumer advocacy group, is calling for the breakup of Bank of America .
Activists Call for Breakup of Bank of America - NYTimes.com
Bank of America
“Summer” Rerun: Why Big Capital Markets Players Are Unmanageable « naked capitalism
This post first appeared on July 8, 2009
JPMorgan
Secret Fed Loans Gave Banks Undisclosed $13B - Bloomberg
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day.So what to do? The revelations of the secret loan program may provide the opportunity for Occupy Wall Street to suggest a few concrete steps that would be difficult to oppose.
The $7 trillion secret loan program: The government and big banks should be punished for deceiving the public about their hush-hush bailout scheme. - Slate Magazine
7.77 trillion in secret Federal Reserve loans to banks?
« Consumption: Distinguishing between Keynesian and Permanent Income Motivations, and Deleveraging | Main | Supply Chains and the Future of Globalization in the Wake of the Tōhoku Earthquake and Tsunami » I have been looking into the claim recently made by any number of internet sites (for example, here's one of the many hundreds , if you insist on a link) that the Federal Reserve made $7.77 trillion in secret loans to banks. The claim is outrageously inaccurate, as I explain below.Taming the Too-Big-to-Fails: Will DoddâFrank Be the Ticket or Is Lap-Band Surgery Required?, Nov. 15, 2011 - Richard Fisher Speeches - News & Events - FRB Dallas
It is bracing to be with bright, young students here at the Politics and Business Club of Columbia University.Guest Post: Giant Banks Now 30% Bigger than When Dodd-Frank Financial “Reform” Law Was Passed « naked capitalism
For years, many high-level economists and financial experts have said that – unless we break up the giant banks – our economy will never recover, real reform will be blocked, and democracy and the rule of law will be corrupted. As Bloomberg notes , the five banks that held assets equal to 43% of the US economy in 2007 before the financial crisis and the bank bailout now control assets that equal 56% of the US economy:Find below “Act 2: Crunching capital”, the second installment of Deep T’s new play “Too big to fail”.
Too big to fail. Act 2 - macrobusiness.com.au | macrobusiness.com.au
Simon Johnson , the former chief economist at the International Monetary Fund , is the co-author of “ 13 Bankers .” The idea that big banks damage the broader economy has considerable resonance on the intellectual right.
Simon Johnson: Huntsman's Warning on 'Too Big to Fail' - NYTimes.com
Here we go again. Major shocks potentially threaten the solvency of some of the world’s largest financial institutions. Concerns grow over the ability of European leaders to shore up their banks, which are reeling from a sovereign-debt crisis.
Too Big to Fail Not Fixed, Despite Dodd-Frank: Simon Johnson - Bloomberg
Future Regulation TBTF Hedging Volcker Vickers