Category Archives: Banking industry

Latest Award of Frederic Mishkin Iceland Prize for Intellectual Integrity: Former CBO Director Holtz-Eakin’s Garbage-In, Garbage Out Attack on Dodd Frank

As readers know all too well, there is so much obviously half-baked economic research that this site could turn itself over to shredding examples and only scratch the surface. But we have established the Frederick Mishkin Iceland Prize for Intellectual Integrity to highlight outstanding examples of economic shillery in which the attempt at analysis is obviously cooked so as to produce a pre-determined outcome.

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At INET Conference, Warren Adds Two Pieces to Her Financial Reform Framework

The reason I’m filling in today and tomorrow is that Yves is in Washington for the INET Finance and Society conference, which is unique because it features a dozen and a half speakers, every one of them a woman, from Fed Chair Janet Yellen to IMF Chair Christine Lagarde to the SEC’s Kara Stein to CFTC’s Sharon Bowen to Treasury’s Sarah Bloom Raskin to many more, from the U.S. and around the world. Anat Admati of Stanford University organized the event, and you can watch the webcast tomorrow at this link. Maybe you’ll spy Yves stalking the halls.

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Bill Black: Obama & TPP – Every One That Doeth Evil Hateth the Light

President Obama wants the world to know that he takes it personally that the Democratic Party’s base opposes his latest effort to sell out the people of the world to the worst corporations through the infamous Trans-Pacific Partnership (TPP) deal.

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Wolf Richter: The Greek People Just Destroyed Syriza’s Strategy

Greek stocks ventured deeper into purgatory. The ASE index dove below 700 intraday on Wednesday for the first time since the crisis days of June 2012. Then word spread that the ECB had raised the cap on the Emergency Liquidity Assistance for Greek banks by €1.5 billion to €75.5 billion. It’s the oxygen line for Greek banks. Without it, they’re toast.

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Bill Black: Lanny Breuer’s Defense of Not Prosecuting HSBC and its Officers

Bill Black shreds not simply Lanny Breuer’s lame justification for not prosecuting HSBC officers and employees, but also by implication, Loretta Lynch’s. And the Lynch nomination reveals the deadly confines of the two party system. Elizabeth Warren made a bold speech last week in which she called for far more fundamental bank reform. She also reaffirmed her criticism of the failure to lodge criminal charges against any major bank executives. Yet as a Senator, she can’t afford to buck the Lynch nomination, since she apparently feels it would cost her too much in terms of moving the other elements of her program forward. But isn’t this arguably the most important issue?

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