Items Tagged with 'Too Big to Fail'

ARTICLES

  • Bernie Sanders wants to break up the nation’s biggest banks (again)

    Sanders repeats campaign call to break up big banks
    Back when he was a presidential candidate, Sen. Bernie Sanders, I-VT, called for sweeping reforms to the nation’s financial system, including breaking up the big banks. And now, he's at it again. On Wednesday, Sanders announced that he is introducing the “Too Big to Fail, Too Big to Exist Act,” which would break up JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley.
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  • Five major banks fail bailout test, would need taxpayer money in crisis

    Bank of America, JPMorgan Chase, Wells Fargo, others must improve 'living wills'
    Five of the nation’s largest banks are not prepared for a financial crisis and would need taxpayer bailouts, the Board of Governors of the Federal Reserve System and the Board of Directors of the Federal Deposit Insurance Corporation announced Wednesday.
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  • Fed's Kashkari: Time to end 'too big to fail'

    Former overseer of TARP bailout suggests breaking up big banks
    The fundamental shifts in the country’s economic policy in the wake of the economic crisis were not enough to prevent another catastrophic meltdown and more needs to be done to ensure that a future economic downturn doesn’t turn into another crisis, Neel Kashkari, the newly minted President of the Federal Reserve Bank of Minneapolis, said Tuesday.
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  • Dick Bove: Bernie Sanders' Wall Street reform plans are uninformed, ridiculous

    Sanders' view of banking 'simply does not square with reality'
    Recently, Sen. Bernie Sanders unveiled his plans for completely reforming several significant tenets of the country’s financial system. While many celebrated Sanders’ plans, one financial observer says Sanders’ view of the country’s financial system “simply does not square with reality.”
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  • Bernie Sanders unveils foundation-shattering Wall Street reform plans

    Vows to break up Wall Street’s biggest banks; sweeping reform of credit ratings agencies
    It’s not exactly a stretch to say that Sen. Bernie Sanders is not the biggest fan of Wall Street. In a wide-ranging speech on Wall Street and the economy given Tuesday, Sanders detailed just how different life would be for the “too big to fail” banks under a Sanders administration. In fact, there would be no life for the “too big to fail” banks if Sanders is elected president, only death.
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  • Fed adopts new rule limiting 'too big to fail' bailouts

    New emergency lending policy targets 'broad-based' issues, not specific firms
    Amid pressure from Congress to rein in its power to prop up a troubled financial institution, the Federal Reserve did just that Monday, adopting a new rule that will limit its ability to bail out failing financial institutions.
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  • Fed proposes new bailout rules for biggest banks

    Would be required to carry $120 billion in debt to reduce taxpayer burden
    Eight of the country’s largest banks would be required to raise $120 billion to comply with a new rule proposed Friday by the Federal Reserve Board, with the money designated to recapitalize the bank should it fail, lessening the likelihood of a a government bailout.
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  • Hillary Clinton says she’d let big banks fail

    Tells Stephen Colbert that as president, she wouldn’t bail out Wall Street
    Over the last few months, Democratic presidential frontrunner Hillary Clinton has gone out of her way to position herself as a non-supporter of the country’s biggest banks, perhaps as part of a plan to woo those on the left who would rather see Senator Elizabeth Warren running in Clinton’s place. Clinton took it to another level in an appearance on "The Late Show with Stephen Colbert."
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  • Monday Morning Cup of Coffee: JPM Chase agrees to massive mortgage settlement

    Wells Fargo wins in Los Angeles’ predatory lending suit; Happy Birthday CFPB!
    JPMorgan Chase agreed to a massive settlement, stemming from a lawsuit that accused the bank of misleading investors about the quality of pre-crisis residential mortgage-backed securities. And did you know the CFPB turns 4 this week? There's still time to get them a present.
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  • Rick Perry: We’re tired of Wall Street getting special treatment

    Presidential hopeful tells CBS News “there is nothing too big to fail”
    If former Texas Gov. Rick Perry is able to avoid some of the snafus that undid his previous bid for the White House, the nation’s biggest banks could be facing a whole new set of rules and regulations that could change the financial system and have a significant impact on housing.
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