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Patrick Whittemore/AP Massachusetts Sen. Elizabeth Warren. Last week, Attorney General Eric Holder sang the Beltway blues when he essentially said that some banks are too big and too powerful to risk prosecuting. British bank that was slapped with a $
Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest...Eric Holder, the chief law-enforcement officer of the United States, is unwilling to say that the president won't use a drone to kill an
There was a time in the recent past when the catchphrase from Capitol Hill was "too big to fail." With that simple sound bite our government proceeded with a multitrillion-dollar bailout of several large organizations that make up
When the Commonwealth Bank of Australia heads offshore to raise billions on money markets, the name carries a bit of clout. Not only is the world's 10th-biggest bank among just a dozen or so that are regarded as the safest, the name ''Commonwealth''
From Pacific Standard , how the Gini Coefficient, an equation cooked up by Mussolini's numbers guy, came to define how we think about inequality from Occupy Wall Street to the World Bank to the billionaires at Davos. One of the more interesting
Some bureaucrat is eating your lunch' The economic system managed by the US government is going to collapse, Euro Pacific Capital President Peter Schiff told RT. All of this is because of Washington's too big to fail' policy, Schiff argues. RT: It
Today, Ben Bernanke was testifying before the House Financial Services Committee. The hearing lacked some fireworks without retired Congressman Barney Frank, but his fellow Massachusetts Democrat Representative Michael Capuano did his part to make
Ben Bernanke was testified before the Senate Banking committee today, and for the most part, things proceeded as usual...Senator Warren grilled Bernanke on 'too big to fail' and the subsidy economists have calculated big banks get from the American
are in the dumps, too, with a drop of 0.78% for the former and a decrease of 1.14% for the latter...B of A had a rough road last week , which many have attributed to the announcement that CEO Brian Moynihan had been handed a nice, fat raise.
Maybe that's because banks have powerful lobbyists; maybe it's a human psychological flaw that causes us to stop worrying about inevitable future crises as soon as the last crisis seems to have passed...Normally, capitalism has a built in system that