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BUSINESS
Ex-Wells Fargo CEO: 'Investment Bankers Are Risky, Not Investment Banking'
By Alexander Eichler
Banks don't lose money. People lose money. That seems to be the feeling of Richard Kovacevich, the former chairman and CEO
BUSINESS
Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake
By Alexander Eichler
It's also the view of Paul Volcker himself, the former Federal Reserve chairman for whom the rule was named. Volcker has
BUSINESS
Banks Just Had Their Best Year Since Before Financial Crisis: Study
By Alexander Eichler
And indeed, Bank of America did make a profit that year -- $1.4 billion, to be exact. That might be due to the fact that
BUSINESS
JPMorgan Chase Now Prefers Customers With $100,000 Or More
By Alexander Eichler
We know what you're thinking: Is this just a way for CEO Jamie Dimon, who got a compensation package of $23 million in 2011
BUSINESS
Bank Robberies Most Likely To Happen On Fridays, FBI Says
By Reuters, Reuters
Among states, California had the most robberies at 805, Texas with 464, then Pennsylvania, Ohio, Florida and Arizona. The
POLITICS
Complexity Theory and the Failure of Financial Reform: Part Two
By x, Contributor
x
The Volcker Rule Succumbs to Complexity As Dodd-Frank, and the Volcker Rule, find their way into the concrete details of
POLITICS
Complexity Theory and the Failure of Financial Reform: Part One
By x, Contributor
x
With the shift to Republican control in the House of Representatives, the ubiquitous and garrulous Barney Frank, co-author
NEW YORK
Wall Street Makes Merry With Other People's Money
By Dan Collins, Contributor
New York Editor-at-Large, The Huffington Post
There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.
BUSINESS
Glass-Steagall Revisited: Congress At 'War With Wall Street' Says Former Fed Governor
Dec. 28 (Bloomberg) -- A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years
BUSINESS
Obama Administration Determined to Usher in New Great Depression
By Allison Kilkenny, Contributor
Radio host, journalist, allisonkilkenny.com
Whatever one thinks of Paul Volcker, any amateur historian can see that he's right to want to keep investment banking separate from commercial banking.
POLITICS
McCain, Cantwell Team Up To Renew Glass-Steagal Act, Depression-Era Banking Law
POLITICS
With Wall Street Shorting the Dollar, It is Time for Congress to Pursue Fundamental Change
By David Paul, Contributor
President, Fiscal Strategies Group
One year ago, faced with the greatest financial panic in generations, the American people swallowed hard and bailed out the banks. Today, the banks have moved on, and are tearing down the currency of the nation that saved them.