Political Capital

Posts tagged: banks

An aerial view of homes in Henderson, Nevada.

Photograph by Ethan Miller/Getty Images

An aerial view of homes in Henderson, Nevada.

Bloomberg by the Numbers: $4.23 Trillion

Federal Reserve banks had about $4.23 trillion in total assets as of March 26. Most of the Fed’s holdings are in U.S. Treasury securities ($2.31 trillion) or mortgage-backed securities ($1.6 trillion). The Federal Open Market Committee “has kept the benchmark...

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The Bank of America Corp. branch in Charlotte, North Carolina.

Photograph by Davis Turner/Bloomberg

The Bank of America Corp. branch in Charlotte, North Carolina.

Bloomberg by the Numbers: $86.4 Billion

That’s how much could be raised over 10 years by a tax on banks and insurance companies that House Ways and Means Chairman Dave Camp plans to propose today as part of a federal tax code overhaul. The biggest U.S....

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The Bitcoin Wallet smartphone app as a quick response (QR) code is displayed on the monitor of a cash register.

Photograph by Simon Dawson/Bloomberg

The Bitcoin Wallet smartphone app as a quick response (QR) code is displayed on the monitor of a cash register.

Can Bitcoin Save the Postal Service?

Written with Megan Hughes The U.S. Postal Service Inspector General’s office is looking at disruptive technologies to bolster the finances of the nation’s ailing post offices. The latest idea? Jump on the Bitcoin bandwagon. Possibilities include putting Bitcoin ATMs in...

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This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.

Photograph by Nicholas Roberts/AFP via Getty Images

This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.

Dodd-Frank’s Missing Link

Many critics of the Dodd-Frank financial regulatory overhaul will say that the bill’s biggest shortcoming is its failure to reduce the size of the largest banks — the ones that are “Too Big To Fail.” Federal Reserve Governor Daniel Tarullo,...

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A U.S. Postal Service (USPS) employee pushes a cart full of mail from a postal delivery truck in New York on Nov. 15, 2012.

Photograph by Victor J. Blue/Bloomberg

A U.S. Postal Service (USPS) employee pushes a cart full of mail from a postal delivery truck in New York on Nov. 15, 2012.

Junk-Mail Relief — Bad for Business

This isn’t the kind of help the U.S. Postal Service had in mind when it asked Congress to pass a bill affecting it before adjourning for the year. The House, which hasn’t acted on a broad postal reform bill proposed...

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Daniel Tarullo, governor of the U.S. Federal Reserve, right, with Senator Sherrod Brown, a Democrat from Ohio, before a Senate Banking hearing.

Photograph by Andrew Harrer/Bloomberg

Daniel Tarullo, governor of the U.S. Federal Reserve, right, with Senator Sherrod Brown, a Democrat from Ohio, before a Senate Banking hearing.

Washington JPMorgan Probe Finding Banks Too-Big-To-Manage?

Sherrod Brown said it last week — and when JPMorgan CEO Jamie Dimon comes back to Washington today, Congress is going to try to pinpoint whether the Democratic Senator is right. Flash back a few days to Dimon, who has...

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