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Too Big Has Failed
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Too Big Has Failed

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Nobody beats PBS Frontline when it comes to skewering Wall Street. Their latest, "To Catch a Trader," is as good as anything they've done.
FRONTLINE goes inside the dramatic, unprecedented hunt that uncovered vast insider trading at Wall Street hedge funds.
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Christopher Cook's profile photoChristopher Buentello's profile photo
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"I worked on Wall Street for 20 years. There, people regularly abuse rules and regulations, trying to exploit loopholes. This does not embarrass them – many take pride in it."
Food stamps keep 47 million people from going hungry, so cuts hurt. Congress should focus on where the real abuse happens
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Theo D's profile photoLynn Thompson's profile photoZa J's profile photoAUSTIN STUMPFF's profile photo
 
This is so true it's a shame
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This is great advice finance advice. If the biggest banks were this honest, they'd be a lot smaller (because they wouldn't be making so much money from needless investment fees). h/t +Derek Pennycuff 
 
Personal finance for engineers: http://read.bi/1fie5zo - very useful!
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It certainly mirrors advice from our book: http://www.amazon.com/Too-Big-Has-Failed-Primer-ebook/dp/B00EYRUH76/ref=cm_cr_pr_product_top

Low-cost index funds are the only way to go. Get your money off Wall Street!
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A story about Wall Street corruption on Upworthy. Totally worth looking into.
What do Democratic and Republican congresscritters have in common? They just voted for this horrible, awful bill.
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Brian Locke's profile photoDaniel Graham's profile photoLes Schlain's profile photoG. Michael Williams's profile photo
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Derivatives have been around for hundreds and hundreds of years, where they were mainly used by farmers as a form of insurance for their crops.

In the past few decades, however, they've increasingly been used merely as a method of legalized gambling, where investment bankers place bets without having an ownership stake in the underlying assets. That's largely what is problematic (though there's a bit more to it than that).

I explain it in detail here, pulling from dozens of sources.
http://www.amazon.com/Too-Big-Has-Failed-Primer-ebook/dp/B00EYRUH76/ref=cm_cr_pr_product_top
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Stewart skewers a host of journalists who adamantly defend JPMorgan's recent shady practices. Nightmare on Wall Street, indeed.
CNBC criticizes the government shakedown of would-be government shakedowners JP Morgan Chase.
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Za J's profile photoRavi Shastry's profile photo
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Jon Stewart interviews a (deservedly) humbled Alan Greenspan, who has much better ideas about Wall Street now than he did leading up to the 2008 financial crash. 
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I hate it that Greenspan gets all the hate from Bernanke's rate cuts. You never see Bernanke in front of congress telling them they need to cut spending and pay down the debt.....
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"The case was over 10 years in the making and involved offenses that took place long before the 2008 crash. All three defendants were convicted in May 2012, with Goldberg ultimately getting four years and the other two getting three.

Now, they're all free. A New York federal judge last week ordered their convictions overturned in a quiet Thanksgiving-week transaction."
Why the GE Capital convictions were quietly overturned, and what it says about justice on Wall Street
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Andy Evans's profile photoReiter & Walsh ABC Law Centers's profile photo
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"For every $1 spent on financial education $25 is spent on financial marketing, according to a yearlong study from the Consumer Financial Protection Bureau." Wow.
For the first time, a report quantifies what we're up against in the effort to equip ordinary people with the ability to deal with banks.
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‘‘It is a jolt of reality, and the reality for JPMorgan is ugly,’’ said Erik Gordon, a business and law professor at the University of Michigan. ‘‘The bank is highly visible and greatly disliked.’’
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Here are the details:

Congress just approved what could summed up as a total deregulation of derivatives.
A bipartisan majority in the House of Representatives rolled back one of the key elements of the Dodd-Frank financial reform law passed in the wake of the 2008 economic meltdown. The House voted 292-122 to pass Swaps Regulatory Improvement Act, which repeals a provision in the law that required ...
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Yet another proof that politicians are selected, not elected.
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The Digital Journal interviewed us about activist memes!
For over two years I had shared many Internet memes on the Occupy Wall Street page I had administered. More than any other form of content, memes had proven to be the clear winner in the share-ability department in an age of real-time revolution.
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The associate attorney general working on the current JPMorgan lawsuit used to have WaMu as clients. 

(WaMu is now owned by... JPMorgan!) 

http://blog.littlesis.org/2013/10/23/jpmorgan-negotiates-through-the-revolving-door/
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Story
Tagline
Let's reform Wall Street for good
Introduction
We inform citizens about banks that are too big to fail. Send along suggestions as you have them.

Amazing Flickr photo from: Randy Le'Moine Photography, under Creative Commons licensing