Tag Archives: Dodd-Frank Act

Nomi Prins on Wall Street: “There Is No Counterbalance to Their Power.”

Under the title: “We are in great danger: Ex-banker details how mega-banks destroyed America,” Salon interviewed Nomi Prins, former Goldman Sachs managing director and author of “All the Presidents’ Bankers: The Hidden Alliances That Drive American Power”. She told Salon.com … Continue reading

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Kansas City Fed Chief Ester George: Glass-Steagall Needed to End TBTF Regime

Speaking Jan. 9 before the Economic Forecast Luncheon of the Wisconsin Bankers Association, Kansas City Federal Reserve President Esther George issued a clear call for implementing Glass-Steagall as the most effective means to eliminate the Too Big To Fail (TBTF) … Continue reading

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Dodd-Frank Trashed in Senate Hearing; Warren says too-big-to-fail Remains dangerous

A panel of five economists questioned by Sen. Elizabeth Warren at a Jan. 9 Senate Banking Committee hearing, were unanimous in declaring that neither the Volcker Rule nor the entire Dodd-Frank Act has removed the “too-big-to-fail” danger of the Wall … Continue reading

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Another Senior Investment Manager for Glass-steagall

American Banker published another promotion of restoring Glass-Steagall, this one by Matthew Fink, director of Openheimer Mutual Funds and of the Retirement Income Industry Association. Fink’s article is on the subject of Sen. Carter Glass and Glass-Steagall, “which President Franklin … Continue reading

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Will the New Archbishop of Canterbury support Glass Steagall?

The new Archbishop of Canterbury, who heads the Church of England, might very well support a Glass Steagall type banking reform. The former Lord Bishop of Durham, Justice Welby, who this week was elevated  to head the 80 million strong … Continue reading

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Another Strong Voice for Glass-Steagall

Chris Farrell, the economics editor of Marketplace.org, delivered a strong endorsement of Glass-Steagall in a column Saturday. Asking himself whether our financial system is any safer than at the time of the Lehman Brothers collapse in Sept. 2008, he cited … Continue reading

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