TITLE

Keep Them Honest

AUTHOR(S)
Warren, Elizabeth
PUB. DATE
May 2012
SOURCE
U.S. News Digital Weekly;5/25/2012, p14
SOURCE TYPE
Periodical
DOC. TYPE
Opinion
ABSTRACT
The author contends that the big banks in the U.S. need regulation. The author claims the U.S. called for greater oversight of the biggest financial institutions following the crash of 2008. However, Wall Street resisted change even after billions in taxpayer-funded bailouts. The author believes that Wall Street banks often act like they alone should decide if they have taken too much risk. He adds that reckless gambling by the big banks can affect the jobs, the pensions, and the tax bills.
ACCESSION #
76184153

 

Related Articles

  • It Is Time For Baby Banks. EDABURN, PATRICK // Moderate Voice;10/24/2012, p4 

    The author discusses the significance of setting baby banks through legislation in the U.S. The recent financial crisis cost the U.S. nearly one trillion dollars in bailout fund to help support the banks and other financial institutions. These banks have gotten even bigger and the financial...

  • Wall Street Magicians Make Reform Disappear. HIGHTOWER, JIM // Progressive Populist;10/1/2013, Vol. 19 Issue 17, p3 

    The author likens Wall Street bankers to magicians, pointing out that they turned a gross failure into a multi-trillion-dollar bailout by taxpayers and claimed that they are risk takers who put their money into enterprises that create economic growth in the country.

  • Night of the banking dead. Ferguson, Andrew // Liberty (08941408);May2009, Vol. 23 Issue 4, p12 

    The author talks about zombie banks in the U.S. He notes that the term zombie banks has come into trend to connote those financial institutions that are already bankrupt yet continue to operate due to federal aid. The author stresses that as with voodoo zombies that have to obey a master, such...

  • The nine stigmata of banking. Levatter, Ross // Liberty (08941408);Jan/Feb2009, Vol. 23 Issue 1, p18 

    The author focuses on the federal bailout of lending financial institutions in the U.S. in 2008. According to a report in the October 15, 2008 issue of the "Washington Post," the first $125 billion will be distributed among nine of the largest banks in the country which were forced to comply in...

  • Getting out from under the TARP. Johnson, Hilary // Crain's New York Business;2/23/2009, Vol. 25 Issue 8, p15 

    The article reports that as the U.S. administration is preparing to make another $350 billion in financial bailout funds, some banks that received money during the first round are complaining that the funds come with too many strings attached. As a result, some banks, including Goldman Sachs &...

  • Give Us All Your Money. Theil, Stefan // Newsweek (Pacific Edition);10/11/2010 (Pacific Edition), Vol. 156 Issue 15, p4 

    This article discusses the third major bailout of U.S. and European banks and their investors in 2010. It observes that banks and investors are receiving money from investments of millions of pensioners. It attributes the trend to lower interest rates that aim to ensure an economic recovery. The...

  • Give back the bailout money.  // Crain's New York Business;3/16/2009, Vol. 25 Issue 11, p10 

    In this article, the author discusses the restrictions that U.S. Treasury and Congress have imposed on the bailout programs. The author says banks and securities firms must get out of the bailout program if they are to thrive and if the financial industry and New York are to recover. The author...

  • Change Wall Street Can Believe In. Sklar, Holly // Progressive Populist;12/15/2009, Vol. 15 Issue 22, p9 

    The article offers the author's insights regarding the taking control of Wall Street in stripping assets, borrowed money, and job cuts in the U.S. He notes on the reward given to the Chief Executive Officers (CEO) by Wall Street who cut the salaries and benefits of the employees. He mentions the...

  • Why the 'Too Big to Fail' Problem Just Won't Die. Rodríguez Valladares, Mayra // American Banker;2/18/2015, Vol. 180 Issue 25, p1 

    The article discusses the need to scrutinize claims that large banks have become more accountable and reduced unfair advantages since the U.S. government bailout. It references a study from the Government Accountability Office (GAO) on market perceptions concerning taxpayer subsidy enjoyed by...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics