Monthly Archives: April 2011

April 30, 2011

• Links 4/30/11
  by Yves Smith 6:09 am

• Arizona Representative Drops Chain of Title Notification Provision After Apparent Bribe by Servicer
  by Yves Smith 5:52 am

• Gas Pump Woes
  by Yves Smith 4:46 am

April 29, 2011

• Join Us At FireDogLake’s Book Salon on Saturday to Discuss Treasure Islands by Nicholas Shaxson
  by Yves Smith 11:08 pm

• The Booger Rule of Antitrust in the Debit Card Fight
  by Yves Smith 11:00 am

• Links 4/29/11
  by Yves Smith 6:31 am

• How the Failure to Manage Foreclosed Homes Kills
  by Yves Smith 4:14 am

• Thomas Palley on How to Fix the Fed
  by Yves Smith 2:49 am

• David Miles: What is the optimal leverage for a bank?
  by Yves Smith 2:04 am

• Guest Post: Gallup Poll Shows that More Americans Believe the U.S. is in a Depression than is Growing … Are They Right?
  by George Washington 12:08 am

April 28, 2011

• HuffPo Expose on the Biggest, Ugliest Fight in DC: Debit Card Fees
  by Yves Smith 10:13 am

• Links 4/28/11
  by Yves Smith 6:49 am

• IRS Likely to Expand Mortgage Industry Coverup by Whitewashing REMIC Violations
  by Yves Smith 5:34 am

• Bill Black: My Class, right or wrong – the Powell Memorandum’s 40th Anniversary
  by Yves Smith 4:03 am

April 27, 2011

• Guest Post: Senators Franken and Blumenthal and Representative Johnson Announce Legislation Giving Consumers More Power In Courts vs. Corporations
  by George Washington 5:56 pm

• Marshall Auerback: QE2 – The Slogan Masquarading as a Serious Policy
  by Yves Smith 4:02 pm

• Links 4/27/11
  by Yves Smith 2:36 am

• Why Does Reputation Count for So Little on Wall Street?
  by Yves Smith 2:25 am

• Housing Wire Again Runs PR Masquerading as News on Behalf of Its Big Client, Lender Processing Services
  by Yves Smith 12:56 am

April 26, 2011

• Crowdsourcing Questions for the First Press Conference by a Fed Chairman Tomorrow
  by Yves Smith 3:08 pm

• Links 4/26/11
  by Yves Smith 7:21 am

• On Economics of Contempt’s Reliance on His Own Brand Fumes
  by Yves Smith 7:00 am

• OCC Makes Patently False Claim That Slap-on-the-Wrist Servicing Penalties Could Hurt Banks
  by Yves Smith 6:34 am

• Did “Say on Pay” Dampen CEO Compensation?
  by Yves Smith 5:27 am

• A Rare Bit of Cheery News on the Banking Front
  by Yves Smith 3:17 am

April 25, 2011

• William Hogeland: Hamilton Speaks Out on the Debt Ceiling! (Or Not)
  by Yves Smith 1:41 pm

• Links 4/25/11
  by Yves Smith 6:46 am

• So How Exactly Does Buffett Get Information Like This?
  by Yves Smith 6:02 am

• At Least One Country With Big Banks is Not Afraid of Them
  by Yves Smith 2:00 am

April 24, 2011

• Guest Post: Radiation Expert Says “Sr-90 and Uranium and Particulates Will Be Building Up in the USA and Europe … For Now I Think It Prudent To Stop Drinking Milk”
  by George Washington 11:59 pm

• Links Easter Sunday
  by Yves Smith 5:04 am

• Your Humble Blogger Asked Larry Summers a Question He Did Not Like
  by Yves Smith 5:00 am

• Mirabile Dictu! Economists Agree All the Fed Has Done is Goose Financial Markets!
  by Yves Smith 4:41 am

April 23, 2011

• Links 4/23/11
  by Yves Smith 2:47 am

• Latest “New Normal” Sighting: Divorce Rebound
  by Yves Smith 1:07 am

• Guest Post: Predicting the Improbable– Evidence from Playing the Lottery
  by Yves Smith 12:15 am

• We Speak on BNN About the S&P Negative Watch for US Debt
  by Yves Smith 12:05 am

April 22, 2011

• Links Earth Day 2011
  by Yves Smith 5:34 am

• Another Class Action Suit Filed in Federal Bankruptcy Court Against Lender Processing Services
  by Yves Smith 4:38 am

• Sheila Bair as Head of CFPB?
  by Yves Smith 3:14 am

• Matt Taibbi Follows the Money in Iowa AG Tom Miller’s Faux Tough Posture in 50 State Mortgage Settlement Negotiations
  by Yves Smith 2:45 am

• Guest Post: Leading Epidemiologist Says that Instead of Trying to Avoid Japanese Radiation, Put Your Energy Into Demanding a Saner Energy Policy
  by George Washington 1:51 am

April 21, 2011

• Semi-Nude Parliamentary Candidate Protests Against Banker Pay At RBS AGM
  by Richard Smith 12:33 pm

• Links 4/21/11
  by Yves Smith 4:34 am

• Musings on Plutocracy
  by Yves Smith 4:05 am

• Guest Post: It’s Not Just Alternative Energy Versus Fossil Fuels or Nuclear – Energy Has to Become DECENTRALIZED
  by George Washington 2:11 am

• Koch Industries Tells Its 50,000 Workers How to Vote
  by Yves Smith 12:50 am

• David Apgar: What Was So Unpredictable about Deepwater Horizon?
  by Yves Smith 12:36 am

April 20, 2011

• Links 4/20/11
  by Yves Smith 5:23 am

• Satyajit Das: Dead Hand of Economics
  by Yves Smith 4:26 am

• S&P Negative Watch for US Flagged Financial Sector as Major Risk
  by Yves Smith 2:44 am

• New Propaganda Coinage: “To Klein”
  by Yves Smith 2:05 am

April 19, 2011

• Tom Ferguson: Oil-Soaked Politics – Secret U.K. Docs on Iraq
  by Yves Smith 11:05 pm

• Links 4/19/11
  by Yves Smith 4:54 am

• S&P Negative Watch Smackdown Wrap
  by Yves Smith 4:49 am

• Jim Boyce: Tax Havens or Financial Sinkholes?
  by Yves Smith 3:00 am

• William Hogeland: Happy Tax Day, Alexander Hamilton!
  by Yves Smith 2:58 am

April 18, 2011

• Guest Post: Nuclear Overseers Are “Fake” Agencies Funded and Controlled by the Nuclear Power Industry
  by George Washington 4:12 pm

• The FDIC’s Rosy, Theoretical, Misleading Lehman Resolution Counterfactual (or Why TBTF is Still TBTF)
  by Yves Smith 6:40 am

• Doug Smith: A Stiletto In The Back Of Sane Housing Markets
  by Yves Smith 6:35 am

• Links 4/18/11
  by Yves Smith 6:30 am

• ETFs as Source of Systemic Risk?
  by Yves Smith 12:16 am

April 17, 2011

• US Uncut Stages Flashmob at Bank of America Over Its Failure to Pay US Income Taxes
  by Yves Smith 8:15 pm

• Links 4/17/11
  by Yves Smith 4:31 am

• More Shots Across MERS’s Bow
  by Yves Smith 4:28 am

• Bill Black: Fiat Justitia Ruat Caelum (Let Justice be Done, Though the Heavens Fall)
  by Yves Smith 12:18 am

• Spitzer to Eric Holder: Prosecute Goldman or Quit
  by Yves Smith 12:02 am

April 16, 2011

• Guest Post: No, The Gulf Oil Spill Is NOT Old News
  by George Washington 3:52 am

• Links 4/16/11
  by Yves Smith 3:42 am

• Will German Push for Greece Restructuring Tank the Greek Banking System?
  by Yves Smith 3:40 am

April 15, 2011

• Links 4/15/11
  by Yves Smith 4:06 am

• Proposed Bill on Foreclosure Fraud and Servicer Standards Shows Shortcomings of Attorney General and Federal Regulatory Responses
  by Yves Smith 3:58 am

• Guest Post: Too Much Finance?
  by Yves Smith 3:40 am

• Is Paying for Performance Such a Hot Idea?
  by Yves Smith 1:57 am

April 14, 2011

• Mirabile Dictu! Walker Admits in Testimony That Ending Collective Bargaining Won’t Save Money
  by Yves Smith 11:10 pm

• Senator Levin Claims Goldman Execs Perjured Themselves Before Congress on Mortgage Testimony
  by Yves Smith 4:34 pm

• Links 4/14/11
  by Yves Smith 6:34 am

• Might Elizabeth Warren Get the CFPB Nod After All?
  by Yves Smith 6:18 am

• Regulators Issue Weak Consent Orders to Whitewash Mortgage Abuses
  by Yves Smith 6:01 am

• William Hogeland: Created Equal? Founding Era Tensions on Economic Fairness
  by Yves Smith 4:03 am

• Satyajit Das: Deflating Inflation/ Inflating Deflation
  by Yves Smith 3:07 am

April 13, 2011

• Links 4/13/11
  by Yves Smith 6:45 am

• Initial Award of Frederic Mishkin Iceland Prize for Intellectual Integrity: Calomiris, Higgins, and Mason Paper on Mortgage Settlement
  by Yves Smith 5:00 am

• Louisiana Bankruptcy Court Ruling Confirms Claims Made Against Lender Processing Services in Class Action Filings
  by Yves Smith 4:31 am

• Satyajit Das: Economic Uppers & Downers
  by Yves Smith 3:49 am

April 12, 2011

• Our Polarized and Money-Driven Congress: Created Over 25 Years By Republicans (and Quickly Imitated by Democrats)
  by Yves Smith 12:00 pm

• Links 4/12/11
  by Yves Smith 3:00 am

• William Black: Why aren’t the honest bankers demanding prosecutions of their dishonest rivals?
  by Yves Smith 2:40 am

• Satyajit Das: Voodoo Economics Redux
  by Yves Smith 2:31 am

• Gas From Fracking More Damaging to Climate Than Coal?
  by Yves Smith 12:24 am

April 11, 2011

• Guest Post: Japan Considers Raising Nuclear Disaster from Level 5 to 7 Based on Extremely High Radiation Readings
  by George Washington 4:36 pm

• Conflicted JP Morgan Next up for a Reputation Hit
  by Richard Smith 8:31 am

• Links 4/11/11
  by Richard Smith 6:30 am

• The Independent Commission on Banking Interim Report – Quick Take
  by Richard Smith 5:38 am

• INET: Can Sovereignty and Effective International Supervision be Reconciled? The Challenge of Large Complex Financial Institutions
  by Richard Smith 4:30 am

• The Independent Commission on Banking Interim Report, not
  by Richard Smith 4:13 am

April 10, 2011

• Links 4/10/11
  by Richard Smith 6:30 am

• UK IBC report preview
  by Richard Smith 6:00 am

• Evil Site Scrapers are Back!
  by Yves Smith 1:00 am

April 9, 2011

• Links 4/9/11
  by Richard Smith 7:00 am

• A suspicious sniff at CoCos
  by Richard Smith 5:35 am

• “Summer” Rerun: Why You Should Hate the Treasury Bailout Proposal
  by Yves Smith 12:51 am

April 8, 2011

• What are the preconditions for Hyperinflation?
  by Edward Harrison 7:55 am

• Links 4/8/11
  by Yves Smith 6:40 am

• Faulty Reasoning Behind Calomiris Post Dodd Frank Reform Proposals
  by Yves Smith 6:27 am

• It’s Now Official: No More Joint Federal/State Attorney Mortgage Settlement Effort
  by Yves Smith 1:21 am

• Reader Notice
  by Yves Smith 12:09 am

April 7, 2011

• Guest Post: Ongoing Cover Up of Nuclear Crisis By Governments and Nuclear Power Companies
  by George Washington 6:21 pm

• Washington AG Investigates New Foreclosure Abuse Front: Trustee Non-Compliance
  by Yves Smith 2:25 pm

• Kloppenburg Wins WI Supreme Court Election, Turfing Out Incumbent Prosser; Maybe
  by Richard Smith 5:38 am

• Links 4/7/11
  by Yves Smith 4:30 am

• ACLU Taking Aim at Florida’s Kangaroo Foreclosure Courts (Updated With Court Filing)
  by Yves Smith 3:24 am

• Rationalization of Biggest Foreign Bank Bailout Misses Regulatory Failure
  by Yves Smith 3:06 am

April 6, 2011

• Links 4/6/11
  by Yves Smith 5:19 am

• Banks Win Again: Weak Mortgage Settlement Proposal Undermined by Phony Consent Decrees
  by Yves Smith 4:47 am

• Daniel Pennell: Thoughts on American Homeownership
  by Yves Smith 3:04 am

• William Hogeland: Constitutional Convention Delegates Had Common Goal – Ending Democratic Finance
  by Yves Smith 2:14 am

• Amar Bhidé on the Role of Human Judgment
  by Yves Smith 12:39 am

April 5, 2011

• Here, there, and everywhere
  by Richard Smith 11:34 am

• Links 4/5/11
  by Yves Smith 6:58 am

• More Journalists Dignifying “TARP Was a Success” Propaganda
  by Yves Smith 6:23 am

• Stiglitz Tells Us the Redistribution Fairy is Dead, but She Still Lives in Economists’ Fantasies
  by Yves Smith 4:58 am

• Roubini Calls for Hard Landing in China (After 2013)
  by Yves Smith 3:55 am

• Sleaze Watch: Former NY Fed Bank Supervisors Lobbying to Neuter Regulations
  by Yves Smith 2:35 am

April 4, 2011

• Guest Post: Tepco Dumps 11,500 Tons of Radioactive Water Into the Pacific
  by George Washington 5:24 pm

• Blacklisted Economics Professor Found Dead: NC Publishes His Last Letter
  by Yves Smith 10:11 am

• Links 4/4/11
  by Yves Smith 5:41 am

• Cease and Desist Orders as Regulatory Theater in Mortgage Settlement Negotiations
  by Yves Smith 5:22 am

• Debunking the Idea That Labor Productivity is the Cause of Euro Periphery Woes
  by Yves Smith 4:28 am

• Judges in Florida Start Inflicting Pain on Foreclosure Mills and Trusts
  by Yves Smith 3:56 am

• Quelle Surprise! Fed and Treasury Keen to Find As Few Systemically Risky Firms as Possible
  by Yves Smith 2:51 am

April 3, 2011

• 60 Minutes on Mortgage Securitization Document Lapses and Foreclosure Fraud
  by Yves Smith 9:36 pm

• Links 4/3/11
  by Yves Smith 3:53 am

• David Apgar: The OCC – The Saint We Needed and the Devil We Got
  by Yves Smith 3:30 am

• Wachovia Paid Trivial Fine for Nearly $400 Billion of Drug Related Money Laundering
  by Yves Smith 3:28 am

April 2, 2011

• Links 4/2/11
  by Yves Smith 4:24 am

• Magnetar Strikes Again: JP Morgan Negotiating Settlement with SEC on Toxic CDO
  by Yves Smith 3:23 am

April 1, 2011

• Alabama Judge Accepts New York Trust Theory, Dismisses Foreclosure Action for Failure to Comply With Pooling and Servicing Agreement (Updated)
  by Yves Smith 4:36 pm

• Cornel West: Obama is for Big Business, Not the Jobless
  by Yves Smith 1:14 pm

• Links April Fools Day
  by Yves Smith 7:02 am

• Banksters’ Mortgage Counteroffer Makes a Further Mockery of Fraudclosure Settlement Negotiations
  by Yves Smith 6:50 am

• David Apgar: Is That a Horse’s Head Under the Sheets or Are You Just Happy to Fleece Me?
  by Yves Smith 4:08 am

• Quelle Surprise! Fed Lent Over $110 Billion Against Junk Collateral During Crisis
  by Yves Smith 2:51 am