Tag Archive | too big to fail
Financial Regulators Crush Small Fry and Feed Big Whales
The Securities and Exchange Commission has taken the decades-old, stereotypical criticism of useless federal government regulators and owned it. Time and time again the agency has chosen not to enforce rules against the most powerful institutions, has turned a blind eye as the institutions continue fraudulent behavior and has codified the injustice of an economically-elite […]
JP Morgan Chase Investors Are Our Representatives
In addition to receiving campaign contributions from JP Morgan Chase, at least 38 members of Congress own shares in the bank. According to OpenSecrets.org data, 15 Democrats and 23 Republicans owned shares in JPMorgan Chase worth a total of between $2.1 million and $3.8 million in 2010. Two Senators and four House members owned at least […]
JPMorgan Chase Political Donations for April 2012
Yesterday the political action committee for JPMorgan Chase filed the required report with the Federal Election Commission listing its campaign contributions to members of Congress during April. The PAC handed out $21,500 in April to 12 members of the U.S. House and Senate, according to the FEC report. The table above lists the recipients of […]
Dodd-Frank Compliance = Building Panama Canal Every Year
The quantity and complexity of financial reform into the Dodd-Frank bill simply is not necessary. Two years after the bill was signed into law, regulators have written only 185 of 400 new rules totaling 5,320 pages. The subcommittee on financial institutions and consumer credit predicts it will take the private sector some 24 million hours […]
Other 99% vs. 1%: All Banks vs. Wall St’s Biggest Banks
Guest post by Better Markets Originally published at Better Markets It’s always amazing how the 99% of banks put up with the 1% of biggest banks, their oligopoly, their subsidies, and their favored treatment. It’s clear and visible everywhere and it directly hurts the other 99% of banks, yet the 99% just takes it. For […]
Straw Man Schneiderman and Hypnotist Holder
I’m still trying to recover from the over-the-top Hollywood-style movie script that The American Prospect published with protagonist NY AG Eric Schneiderman playing the role “The Man The Banks Fear Most.” That slap in the face left a handprint on my cheek! Clearly the objective facts, the track record, of the federal government demonstrate that […]
Capitalism Died & We Got TBTF – Regulation Version
The Volcker Rule of the Dodd-Frank bill is scheduled to go into effect on July 21,2012, although almost no one believes that the federal agencies will have finalized the necessary rules prior to that time. This much debated legislation still hasn’t been finalized over two and a half years after a public endorsement by President […]
