World News Insights
1-3 Minute Gist

All Topics Article

Bank of America Posts Loss Amid Consumer-Credit Woes

Wall Street Journal Original article ›

Keywords:


The lack of action in the "too big to fail" and systemically important financial institutions area one year into the Obama administration.

04/21/2009

Regulatory reform proposals and other actions taken in the first 6 months still leave many banking and financial nstitutions that are too big to fail. Consolidations of banks have actually increasd their size. The dangers in additional bailout assistance if banks suffer huge losses.

Grouped Articles

GE Capital, AIG to Get More Government Oversight

Wall Street Journal 07/09/2013

We’re All Still Hostages to the Big Banks

New York Times 08/25/2013

Banks Feel Heat on Capital

Wall Street Journal 05/01/2013

Economists Seek Breakup of Big Banks

Wall Street Journal 04/21/2009

Banks Need Fewer Carrots and More Sticks

Wall Street Journal 05/07/2009

What Does the Market Focus on After the Stress Tests?

Wall Street Journal 05/07/2009

The bailout and the Federal Reserve's infusion of cheap money are having unintended effects.

01/20/2009

One impact is that a few securties firms are making large profits even as the smaller banks are failing, banks like Citigroup and Bank of America are suffering losses, and the banks that were "too big to fail" are actually becoming larger. The Fed's infusion of money is not helping small and medium sized businesses with credit, as the smaller banks that lend to these businesses -as Ms. Lee points out- are not getting credit and are laying off people. This is setting off a vicious cycle of shrinking employment and shriking consumer demand.

Grouped Articles

How the Fed Can Avoid the Next Bubble

Wall Street Journal 10/06/2009

Recession Spells End for Many Family Businesses

Wall Street Journal 10/06/2009

Taking the National Debt Seriously

Wall Street Journal 10/12/2009

Steven Pearlstein - Don't Reinflate the Old Bubbles

Washington Post 10/14/2009

Financial-Services Regulation Fuels Tiff

Wall Street Journal 10/14/2009

That Promised Financial Reform

New York Times 10/14/2009


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us