Category Archives: Derivatives

Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall

Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.

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Debunking “The Big Short”: How Michael Lewis Turned the Real Villains of the Crisis into Heros

How Michael Lewis’ The Big Short, whether for profit or by accident, has denied the public the truth about what really causes the crisis.

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Even Bank Supporters Arguing for Restoration of Glass Steagall

John Dizard, who perhaps by virtue of being one of the Financial Times’ most original and insightful columnists, is relegated to its weekend “Wealth” section, has written a particularly important pair of articles. Note that Dizard’s ambit is not policy wonkery but apt and often cynical observations about behavior and trading patterns in less visible […]

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Michael Hudson on Parasitic Financial Capitalism

An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.

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Republican Rank-and-File Lines Up Against Financial Regulation

Let us not kid ourselves that the Democratic party is also for the most part out to gut financial regulation.

The only reason that there is more space between Congressional Republicans and Democrats than usual is the pro-business, pro-bank “blue dog” wing of the Democratic party has gotten deservedly slaughtered in the last two Congressional elections for selling out what used to be the American middle class. So the more progressive-minded survivors are a bigger faction on a relative basis than they once were.

This Real News Network interview with Bill Black covers both a critical slice of the history of financial regulations (or more accurately, its rollback) as well as some of the current dynamics.

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