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TooBigToFail
Opinion: What's Really 'Too Big to Fail'?
By not in system - AOL News(July 1) -- The financial reform bill passed by the House on Wednesday is, among other things, supposed to deal with the "too big to fail" problem among financial institutions. That issue -- too big to fail, or TBTF -- is everywhere these days. The concern is about institutions that grow so large that the government has no choice but to bail them out when things go wrong. It's certainly a concern, but in all the debate over TBTF, the one institution that deserves attention always gets overlooked: government. To get a sense of its size, think of the federal government as a corporation; ...
Wall Street Bailouts and 'Too Big to Fail' Words of Wisdom
By Daily Breakdown - Politics DailyToday, Professor Noble Shizintzski explores the meaning of the phrase "too big to fail." Click play below to watch, and click here for more Words of Wisdom. ...
Wide Range of Wall Street Reform Critics
By Steve Pendlebury - AOL News(April 22) -- Not all the criticism of the Democrats' plan for new financial industry regulations is coming from Capitol Hill Republicans. As President Barack Obama demands action, commentators from across the political spectrum are calling for changes in Senate Banking Committee Chairman Chris Dodd's bill. (Click here for summary in PDF.) Their complaints fall into three broad categories. It Won't Really End 'Too Big to Fail' and Bailouts The initial attack, led by Senate Minority Leader Mitch McConnell, claimed that Dodd's legislation would institutionalize "endless taxpayer-funded ...
Opinion: Financial Reforms Go Too Far
By not in system - AOL News(April 22) -- As the debate over financial reform intensifies, it's easy to forget that there is a shared desire across the political spectrum to put an end to bailouts and to the idea that any firm should be too big to fail. Supporters of the plan now pending in the Senate argue that it would achieve these goals. It would not. In fact, it would institutionalize both. Key to the Senate bill is a Financial Stability Oversight Council, made up of nine existing agencies, with broad regulatory power over companies it considers systemically important, including authority to order the firm to ...
US to Net Boffo Bonus From Bank Bailouts
By Joseph Schuman - AOL News(March 29) -- The U.S. Treasury is starting to pull out of private-sector banking in a reversal of the costly bailouts undertaken during the financial crisis and will likely make a handsome profit for taxpayers from a good share of the investments. The government withdrawal from partial bank ownership comes as the Obama administration's efforts to make the banking sector pay for future too-big-to-fail scenarios is gathering momentum. On Monday, the Treasury said it intends to sell the 7.7 billion common shares it holds in Citigroup by the end of the year, "subject to market conditions." ...
Taming Financial Weapons of Mass Destruction
By Joseph Schuman - AOL News(March 9) -- The campaign to rein in a type of risky investment villainized in the economic crisis and blamed for the government bailout of AIG and the financial collapse of Greece is gaining momentum in Washington and other capitals, where officials are comparing it to piracy of another age. On Tuesday, a key U.S. regulator added his voice to the call for tighter rules and less secretive practices for credit default swaps, while the European Union said it is looking into a ban on the complicated financial instruments that have mushroomed into a multitrillion-dollar market. Mario Tama, Getty ...
Chaos Theory - When Banks Go Bad
By Robert and Donna Trussell - Politics Daily...
Opinion: Making Banks Too Small to Succeed?
By not in system - AOL News(Jan. 22) – On Thursday, the Obama administration introduced its proposal for dealing with the "too big to fail" problem for banks. "Too big to fail" refers to the idea that big banks are such an important part of a complex interconnected economy that the government doesn't dare let them fail. And how does President Obama propose to deal with this problem? By letting them fail? By not subsidizing them when they take risks and lose? Nooooooo. Obama plans to deal with it by not letting them get too big. His plan would limit both the size of banks and the kinds of assets they are allowed ...
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