Should Government Bail Out Big Banks?

In 2008, America experienced the biggest meltdown of its financial sector since the Great Depression. The conventional wisdom is that this failure and subsequent government rescue, commonly known as “the bailout” was brought about by three decades of bank de-regulation. There were a lot of causes for the meltdown, but deregulation wasn’t one of them. […]

What’s wrong with the money multiplier? – Banking 101 (Part 2 of 6)

PART 2: WHAT’S WRONG WITH THE TEXTBOOK MULTIPLIER MODEL? We’ve seen the two main ideas that the general public have about the way banks work. Both of them are wrong. That’s not too surprising, after all, unlike the Positive Money team most people don’t spend their time obsessing about how banks work. And banking is […]

What’s So Bad About Big Banks?

Throughout his presidential campaign, Senator Bernie Sanders has called for the breakup of Wall Street’s big banks. These six financial institutions, which likely include JP Morgan Chase, Bank of America and Wells Fargo, collectively hold assets equal to 60 percent of the United States’ GDP. The central problem with these banks, as outlined by Sanders, […]

Chatting with a 23-year-old Stock Trading Millionaire

Hey, I made her Hales welcome to another edition of chatting with I’m here with Umar. Hey, how you doing guys My name is omar ashraf and i’m a stock trader. Thank you so much for being here. Thank you for having me man Let’s see stock trader. Is that different from stock broker? Yeah, […]

Fed Faces New Scrutiny for Trillions in Assistance to Banks After Crisis

bjbjLULU JUDY WOODRUFF: Next, new questions about the money the Federal Reserve provided to banks in the wake of the financial crisis. Bloomberg magazine published a report this week detailing loans made by the Fed in 2008 and 2009, loans that totaled more than a trillion dollars on a single day in December 2008, and […]

Get Ready For New Bank Fees

Hello and welcome to Your Money 2.0, I’m Thomas Fox community outreach director at Cambridge Credit Counseling. Banks have been the focus of criticism since the end of the Bush administration when a few institutions receive bail outs from you and me. The US government provided more than seven hundred billion dollars to help stabilize […]