Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Saturday, April 30, 2016
Topics: Banana republic, Banking industry, Doomsday scenarios, Dubious statistics, Economic fundamentals, Free markets and their discontents, Income disparity, Investment banks, Politics, Regulations and regulators, The destruction of the middle class, The dismal science
Posted by Yves Smith at 3:15 am |
Today’s Water Cooler: TTIP losing steam, Clinton and Trump, Sanders onward, helicopter money, vile Medicaid, security robot, star explosion
Debunking the idea, widely touted by economists, that “structural reforms,” as in crushing labor bargaining power, is the path to prosperity.
Topics: Guest Post
Posted by Yves Smith at 9:55 am |
Posted by Yves Smith at 6:55 am |
Will Apple Pay eat retail payment systems?
How Bill Gates and His Billionaire Allies Used Their Wealth to Launch Charter Schools in Washington State
The Gates charter school push as a case study in the Trojan Horse of “charitable plutocracy”.
Trump’s campaign is proof of America’s decline….but not in the way you think.
Today’s Water Cooler: TPP propaganda amps up, “Acela Primary,” Clinton’s anger, Trump kayfabe, durable goods, Hanford leak, Gosplan 2.0
What happens to the credibility of the Democrats as a party if Sanders makes it past the Philadelphia crossroad?
Posted by Yves Smith at 6:59 am |
Worst Example Yet: Unconscionable Apollo Clause Illustrates Depth of Capture of Private Equity Investors
A spotlight on one of the most rancid “heads we win, tails you lose” features of private equity agreements: sweeping indemnification provisions which no fiduciary should accept.
Path-breaking private equity legislation is being weakened by insiders and the public is being shut out completely. Don’t let it happen.
Toadying up to dictators and intervening in failed states are major elements of Merkel’s new improved refugee strategy.
Today’s Water Cooler: TPP demagogues, forcing Democrat platform left, People’s Summit, Thomas Frank on Clinton, the real economy, Chernobyl
I’ve written before at this august site about how Uber’s business model is to arbitrage state and federal law and replace a monopoly with a different monopoly. They obviously placed a high value on the arbitrage. How high? About $100 million.