Obama plan could trim back financial powerhouses

They are the biggest of the big — the Citigroups, the Goldman Sachses, the AIGs and other financial behemoths. The Obama administration doesn't want so many around anymore.

3

4

FDIC's Bair calls for 'systemic risk council'

The head of the Federal Deposit Insurance Corp. says new powers are needed to oversee companies that pose financial risks to the economy, an authority that could be shared by the FDIC and other regulators.

1

0

If you are Sick & Tired of the TBTF banks that got bailed out and their increasing fees, change to a local bank or credit union. I did. If you pay with cash instead of using your credit cards that will slow the cash flow of the TBTF banks. Are you Sick & Tired?

5

9

It is way past time that we break up all major corporations that are "too big to fail", or just too big. We the people need to call on our congressional leaders and insist upon change. There is no better time than now.

8

9

Economic Oppression

By David J. Hudson

11

10

First Commercial Bank President Norman Harty lets people know what he thinks. "They're penalizing the smaller banks because of the reckless spending of the insurance companies and the banks that were combined," Harty said.

4

3

Too Big To Fail or Answer - Politics of 2009 applied to Serena Williams and Tiger Woods

During 2009, the dominant theme in politics has been "too big to fail." A concept of enormous portent and impact on the world stage, there has rarely been any form of protection of the large against or as opposed to the small in the United States and none in the economic sense.

5

40

Senator Byron Dorgan, Democrat of North Dakota, was one of eight senators who stood up to oppose the repeal of the Glass-Steagall act in 1999.

0

0

Has everyone been following the intense debate in the media over how best to break up those "too big to fail" banks? No? That's because the debate isn't happening in the US, but in the UK.

3

2

Tell them to go to hell! Good bye banks - hello credit unions!

Not much detail here folks. There is another thread going on regarding the article in the NY Times entitled, "Credit card issuers share their pain with users." Reading through the multitude of responses it made me quite angry.

2

1

So, it's business as usual, then, regardless of whether it makes most people howl at the moon with rage? Goldman Sachs, this pillar of the free market, breeder of super-citizens, object of envy and awe will go on raking it in, getting richer than God? An impish grin spreads acr …

2

2

The act is straightforward. It would require that 90 days after its passage, Treasury Secretary Tim Geithner "submit to Congress a list of all commercial banks, investment banks, hedge funds and insurance companies that the Secretary believes are too big to fail."

34

73

In such a situation, even good imperial gamblers would normally cut their losses. Unfortunately, in Washington terms, what's happened in Afghanistan is not the definition of failure.

0

0

A view of yesterday's financial reform debate from across the pond gives a troubling perspective on just how divergent our lawmaker's positions are on such an important issue.

0

0

A hair-raising account of the searing events of fall 2008, and the frantic efforts to save Morgan Stanley, Goldman Sachs, et al. The book is titled Too Big to Fail, due out from Viking later this month, and the author is Andrew Ross Sorkin.

1

1

The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the "too big to fail" doctrine and shrink the shadow banking system that operates outside the reach of regulators.

4

18

The Obama administration, which has spent much of the past year bailing out banks and protecting the markets, has done shockingly little to help the middle class that has borne the brunt of the financial meltdown. Two acts are particularly revealing.

2

6

President Obama's economic advisers are struggling to sell their financial reform plan to . . . an Obama economic adviser.

14

5

WASHINGTON — A top White House economic adviser says the Obama administration's proposed overhaul of financial rules preserves the policy of "too big to fail," and could lead to future bailouts.

1

0

NEW YORK (AP) -- A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.

2

3

J.P. Morgan Chase, an amalgam of some of Wall Street's most storied institutions, now holds more than $1 of every $10 on deposit in this country.

1

1

Too big to fail means to big to live.

4

3

The Too Big To Fail Doctrine is cited today as the reason for bailing out our financial system and our auto industry. Hundreds of billions of public dollars have been sunk in this endeavor so far, with little sign that it has done more than just postpone the inevitable.

4

8

WASHINGTON – The Federal Reserve on Friday said the government is prepared to rescue any of the banks that underwent "stress tests" and were deemed vulnerable if the recession worsened sharply.

1

1

You hear a lot of people claiming that a major transformation in the American ideological landscape is underway. Gallup has just published new data suggesting that the shifts are modest, and this country remains pretty conservative.

1

0

The Teabaggers Aren't All Wet

Somebody needs to elevate the discussion about the teabaggers rebellion of 2009 above the level of snickering over their accidental adoption of a kinky sexual activity as a nickname. It seems that it is going to have to be me.

3

1

Shortly after the PPIP was announced, the press started running stories in which they "uncovered" what I would have thought was obvious - that many of the major institutions currently receiving billions of TARP funds were preparing plans for how to take advantage of the PPIP - an …

1

0