too big to fail

Facebook's $5B FTC fine was so laughable its stock price went UP after the announcement

In 2011, the US Federal Trade Commission after the company "deceived consumers by telling them they could keep their information on Facebook private, and then repeatedly [allowed] it to be shared and
Warren: The time has come to break up Amazon, Google, and Facebook

Warren: The time has come to break up Amazon, Google, and Facebook

"It’s a great story -- but ..." The post appeared first on Hot Air.

New Sanders bill: If a bank is too big to fail, it's too big to exist

In 2008, the Bush and Obama administrations both argued that they had a duty to transfer more than $700,000,000,000 of American taxpayers' money to the largest banks in the country, because these
Senate Democrat Floats First Serious Proposals For Regulating Big Tech

Senate Democrat Floats First Serious Proposals For Regulating Big Tech

Over a series of , Congress has demonstrated a staggering level of incompetence regarding technology that would convince an ordinary observer that these people shouldn’t be in charge of tech-focused
Leaked document shows Trump officials planning to force Americans to spend $311m-$11.8b/year to keep unprofitable coal and nuclear energy plants from shutting

Leaked document shows Trump officials planning to force Americans to spend $311m-$11.8b/year to keep unprofitable coal and nuclear energy plants from shutting

Officials in Trump's Department of Energy prepared a plan to use unprecedented "emergency powers" to force the US grid to rely on expensive, unprofitable coal and nuclear power, rather than paying
The number of US banks that are “too big to fail” just shrank

The number of US banks that are “too big to fail” just shrank

Republicans have been gunning to dismantle the 2010 Dodd-Frank Act from the moment it came into existence. Donald Trump promised to do “a big number”…
10 Reasons Amazon Could Face Antitrust Action

10 Reasons Amazon Could Face Antitrust Action

This post 10 Reasons Amazon Could Face Antitrust Action appeared first on Daily Reckoning. The Trump White House has set out on a fight with Amazon and Jeff Bezos. Here's why antitrust measures could

Finally: The answer to “Dude, where’s my car?” is …

Sweet? The post Finally: The answer to “Dude, where’s my car?” is … appeared first on Hot Air.

Nomi Prins: Easy Money Policy Allows for Another Crisis

This post Nomi Prins: Easy Money Policy Allows for Another Crisis appeared first on Daily Reckoning. Nomi Prins while speaking on central bank policy in Japan warns that easy money policy from central
There’s One Big Problem With the Fed’s Latest Stress Test

There’s One Big Problem With the Fed’s Latest Stress Test

This post There’s One Big Problem With the Fed’s Latest Stress Test appeared first on Daily Reckoning. The Federal Reserve's latest stress test reporting data continues to show a lack of concern or

Forget The Comey Soap Opera… The House Passed This CRUCIAL Banking Law

This post Forget The Comey Soap Opera… The House Passed This CRUCIAL Banking Law appeared first on Daily Reckoning. If you missed the news on the house banking legislation passed last week, it's not
The Health Care Version of “Too Big to Fail”

The Health Care Version of “Too Big to Fail”

This post The Health Care Version of “Too Big to Fail” appeared first on Daily Reckoning. Nomi Prins offers her analysis of the health care proposals to show why it morphed into another "too big to
Ignoring Glass-Steagall, A Policy for Disaster

Ignoring Glass-Steagall, A Policy for Disaster

This post Ignoring Glass-Steagall, A Policy for Disaster appeared first on Daily Reckoning. The revisionist history being written by major news outlets on the need for modern Glass-Steagall

Could Glass-Steagall Crown the Next King on Wall Street?

This post Could Glass-Steagall Crown the Next King on Wall Street? appeared first on Daily Reckoning. President Trump's senior economic advisor, Gary Cohn has indicated a real push for a modern
Jim Rickards: Get Ready For the Scottish Exit

Jim Rickards: Get Ready For the Scottish Exit

This post Jim Rickards: Get Ready For the Scottish Exit appeared first on Daily Reckoning. Economist Jim Rickards correctly identified Brexit before the epic vote. Here's his latest insights on a

Three Precursors to the ’08 Crisis are Repeating Now

This post Three Precursors to the ’08 Crisis are Repeating Now appeared first on Daily Reckoning. The biggest banks are still as dangerous as they were before the last crisis, even as they push for
Yellen’s Dangerous Glass-Steagall Repression

Yellen’s Dangerous Glass-Steagall Repression

This post Yellen’s Dangerous Glass-Steagall Repression appeared first on Daily Reckoning. The dangerous policy of ignoring Too Big to Fail caused the global financial crisis in 2008. Now hear the

30 Charts Proving We’re In The Mother of All Financial Bubbles

This post 30 Charts Proving We’re In The Mother of All Financial Bubbles appeared first on Daily Reckoning. While economic conditions might point toward a sustained financial recovery, these times are
Too Big To Fail – It’s Happening Again

Too Big To Fail – It’s Happening Again

This post Too Big To Fail – It’s Happening Again appeared first on Daily Reckoning. The same risk that Wall Street and big banks posed to the global economy is back and more dangerous than before.