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Tag Archives: Dodd-Frank
Special Inspector General: Too Big to Fail Banks Caused the TARP Bailout and Continues to be a Threat
The Office of the Special Inspector General for the Troubled Asset Relief Program Quarterly Report to Congress concludes “too big to fail banks” caused the TARP bailout and continues to remain a threat. “In this report, we discuss “too big to … Continue reading
Posted in Economy, Government
Tagged bailout, banks, Dodd-Frank, economy, government, HAMP, TARP, too big to fail
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Resources on “Too Big to Fail” Banks
Banks are an important asset for our capitalist economy. In fact it can be argued that a healthy and thriving banking system is at the core of a robust, growing economy. On the other hand, the Great Recession has taught … Continue reading
Posted in Economy, Government
Tagged banks, Basel III, capitalism., consumer protection agency, deregulation, derivatives, Dodd-Frank, economic growth, economy, FBI, Federal Reserve System, financial firms, foreclosure, fraud, Glass-Steagall, housing, investment banking, LIBOR, mortgages, offshore, recession, regulations, TARP, taxes, too big to fail, Wall Street
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Yardeni: Banks are the Achilles’ Heel of Capitalism
Noted economist, Edward Yardeni, President and Chief Investment Strategist of Yardeni Research, is not supportive of the ‘too big to fail’ banks. As he explains in Barron’s, “banks are the Achilles’ heel of capitalism.” “The problem with banks is that … Continue reading
Posted in Economy, Government
Tagged banks, capitalism., deregulation, Dodd-Frank, economy, finance, recession, regulation, risk, too big to fail
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Titans of Banking, Economics and Finance Call for Breakup of ‘Too Big to Fail’ Banks
The Big Picture compiled an impressive list of noted titans in banking, economics and finance calling for the break up of ‘Too Big to Fail’ banks. “The following bankers are calling for the big banks to be broken up: -Former … Continue reading
Posted in Economy, Government
Tagged banks, deregulation, Dodd-Frank, economy, government, recession, regulation, risk, too big to fail
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‘Too Big to Fail Banks’ are Much Bigger
Neil M. Barofsky, the special inspector general of the Troubled Asset Relief Program (TARP), observes, “The top banks are 23 percent larger than they were before the crisis. They now hold more than $8.5 trillion in assets, the equivalent of … Continue reading
Posted in Economy, Government
Tagged banks, deregulation, Dodd-Frank, economy, government, recession, regulation, risk, TARP, too big to fail
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A Must Read: “Failing to Break Up the Big Banks is Destroying America”
Barry Ritholtz has written a very compelling and scary article on the “Too Big to Fail” banks. I highly recommend it. I place the article in the “must read” category. His article has six major, well-documented, sections: The Size of … Continue reading
Posted in Economy, Government
Tagged banks, crime, depression, Dodd-Frank, economy, financial crisis, financial stability, fraud, recesstion, regulations, regulatory reform, risk, too big to fail
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Top GOP Appontee Worried about Banks
I’ll tell you about Sheila Bair in a minute but, most importantly, this is what she has to say about the alleged corruption in the banking system: “I worry that the public is getting cynical. One of the reasons I … Continue reading
Posted in Economy, Government
Tagged banks, Bradley, crime, Dodd-Frank, economy, financial crisis, financial stability, fraud, Reed, regulations, regulatory reform, risk, Sheila Bair, Simpson, Systemic Risk Council, too big to fail, Volcker
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Are Banks Banksters?
Can you name your banker? I can’t. Yes, I know the name of my drive-up teller, but it’s been years since I knew the name of any key decision-makers in my bank. I recall when my wife and I bought … Continue reading
Posted in Economy, Government, Uncategorized
Tagged banks, crime, Dodd-Frank, economy, financial crisis, financial stability, fraud, regulations, regulatory reform, risk, too big to fail
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Consumer Financial Protection Bureau Puts $140M Back in Consumers Pockets
The newly formed Consumer Financial Protection Bureau (CFPB) bagged its first major win against Capital One Bank. Here’s the release from the CFPB site: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) announced its first public enforcement action … Continue reading
Posted in Economy, Government
Tagged banks, Consumer Financial Protection Bureau, consumer protection, consumer rights, Dodd-Frank, economy, fraud, regulation, risk, Warren
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A Must Read Article on Mega Banks
Dr. Peter T Treadway, Chief Economist, CTRISKS Rating, LTD, Hong Kong, writes a long but very worthwhile article on banking and banks (i.e., regulation, Basel III, Dodd-Frank, LIBOR, too big to fail, risk). His article is very informative. I highly … Continue reading
Posted in Economy
Tagged banking, banks, Basel III, Dodd-Frank, economy, equity requirements, investment, LIBOR, regulation, risk, SEC, too big to fail
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