Monthly Archives: August 2011

August 31, 2011

• Nevada Lawsuit Shows Bank of America’s Criminal Incompetence
  by Yves Smith 6:24 pm

• 25 Big Corp CEOs Made More Than Their Companies Paid in Federal Taxes
  by Yves Smith 4:17 pm

• Links 8/31/11
  by Yves Smith 6:50 am

• Matt Stoller: Sell America to Communist China Faster, Says New York Fed Official and Schneiderman Foe Kathryn Wylde
  by Yves Smith 6:45 am

• Philip Pilkington: Dynamism and Instability – The Search for Profits and Disequilibrium
  by Yves Smith 6:30 am

August 30, 2011

• More Legal Woes for BofA: Homeowners Opposes $8.5 Billion Settlement; Different Trustee Sues Over Reps and Warranties
  by Yves Smith 4:49 pm

• ECRI: “It’s Too Late” for Obama on Jobs
  by Edward Harrison 3:39 pm

• Links 8/30/11
  by Yves Smith 6:30 am

• An Almost-Open Letter to the CEO and Chairman of the UK’s Financial Services Authority
  by Richard Smith 2:51 am

August 29, 2011

• Memo to Ezra Klein: Doing Something Stupid Isn’t Smart
  by Yves Smith 7:11 pm

• FDIC Objects to $8.5 Billion BofA Settlement (Updated)
  by Yves Smith 5:42 pm

• Links 8/29/11
  by Richard Smith 9:39 am

• Displacement Activity, Minsky Moment, Abreaction
  by Richard Smith 8:35 am

• Pain in Maine
  by Richard Smith 4:39 am

August 28, 2011

• Matt Stoller: Power Politics – What Eric Schneiderman Reveals About Obama
  by Yves Smith 5:15 am

• Antidote du Jour
  by Yves Smith 2:57 am

• The Wages of Destroying Labor Bargaining Power: Nearly 30% of Job Losses Due to Management Cutting Pie in Favor of Capital
  by Yves Smith 1:22 am

August 27, 2011

• Link 8/27/11
  by Yves Smith 2:00 am

• Mike Wallace 1959 Interview of Ayn Rand
  by Yves Smith 1:27 am

• Summer Rerun: Quelle Surprise! Bank Stress Tests Producing Expected Results!
  by Yves Smith 12:50 am

August 26, 2011

• Links 8/26/11
  by Yves Smith 5:01 am

• What is Debt? – An Interview with Economic Anthropologist David Graeber
  by Yves Smith 5:00 am

• State Officials Starting to Question Securitization Fail, Whether States Should Tax RMBS
  by Yves Smith 4:11 am

• How Chase Ruined Lives of People Who Paid Off Their Mortgages
  by Yves Smith 1:44 am

• JP Morgan is Foreclosing on the US Treasury
  by Yves Smith 1:32 am

August 25, 2011

• On the Buffett Purchase of BofA Preferred
  by Yves Smith 1:11 pm

• Links 8/25/11
  by Yves Smith 6:35 am

• Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit
  by Yves Smith 6:12 am

• Bryce Covert: Recession Has Lit the Fuse on Explosive Student Debt
  by Yves Smith 4:40 am

• Auerback/Parenteau: Jackson Hole will be a Black Hole for Those Hoping for QE3
  by Yves Smith 12:29 am

August 24, 2011

• Links 8/24/11
  by Yves Smith 6:57 am

• More on the Opacity of Bank of America’s Financial Statements
  by Yves Smith 6:31 am

• Should Banks Be Public Utilities?
  by Yves Smith 1:55 am

• Tom Ferguson: The English Riots – Just Meaningless Sound and Fury?
  by Yves Smith 1:18 am

August 23, 2011

• Links 8/23/11
  by Yves Smith 5:50 am

• Why is Bank of America’s Stock Cratering Yet Again? It’s the Extend and Pretend Endgame
  by Yves Smith 5:42 am

• Satyajit Das on the Botox Economy
  by Yves Smith 2:44 am

• Mirabile Dictu! New York Times Tells Obama Administration Off, Backs Schneiderman on Mortgage Settlement
  by Yves Smith 1:43 am

• Lender Processing Services Law Firm Targeting April Charney, Foreclosure Defense Pioneer
  by Yves Smith 12:07 am

August 22, 2011

• Links 8/22/11
  by Yves Smith 6:53 am

• Corrupt Obama Administration Pressuring New York Attorney General to Support Mortgage Whitewash
  by Yves Smith 6:08 am

• Michael Hudson: The State and Local Budget Crisis
  by Yves Smith 6:07 am

• Study Asserts World’s Stocks Controlled by “Select Few” (Bad Studies That Confirm Conventional Wisdom Refuse to Die Edition)
  by Yves Smith 5:46 am

August 21, 2011

• Guest Post: Photos Show Oil At BP’s Deepwater Horizon Gulf Spill Site
  by George Washington 1:50 pm

• Chinese Banks: “These Things Aren’t Banks”
  by Yves Smith 5:25 am

• Links 8/21/11
  by Yves Smith 5:02 am

• Orwell Watch: More Reengineering of Values via Koch Funded “Deep Lobbying”
  by Yves Smith 4:52 am

• Summer Rerun: Geithner Plan Smackdown Wrap
  by Yves Smith 2:36 am

August 20, 2011

• Links 8/20/11
  by Yves Smith 3:43 am

• Guest Post: Innovate or Die
  by Yves Smith 2:51 am

• Dave Stratman: What Should the Verizon Strikers Do?
  by Yves Smith 2:28 am

August 19, 2011

• Michael Hudson: The Case Against the Credit Ratings Agencies
  by Yves Smith 7:24 am

• Links 8/19/20
  by Yves Smith 7:02 am

• Europe Has Another Bad Market Day; Bank Stocks Get Whacked
  by Yves Smith 6:33 am

• Marshall Auerback: Are We Approaching the Endgame for the Euro?
  by Yves Smith 2:05 am

• We Speak on BNN About the Europe and Banks
  by Yves Smith 1:31 am

August 18, 2011

• Mr. Market Had a Really Bad Day
  by Yves Smith 5:32 pm

• Links 8/18/11
  by Yves Smith 2:24 am

• MERS Case Filed With Supreme Court
  by Yves Smith 1:27 am

August 17, 2011

• Quelle Surprise! Standard & Poor’s Execs Diddled in Mortgage Bond Ratings (Updated)
  by Yves Smith 11:43 pm

• Taibbi on SEC’s Records Destruction Reveals How Deeply Entrenched Official Corrpution Is
  by Yves Smith 5:08 pm

• Links 8/17/11
  by Yves Smith 6:09 am

• Philip Pilkington: Profits in a Capitalist Economy – Where Do They Come From, Where Do They Go?
  by Yves Smith 5:57 am

• Matt Stoller: Memo to Reporters – How to Cover the 50 State Attorney General Foreclosure Settlement Talks
  by Yves Smith 5:53 am

• Why is the US Media Going Easy on the Rapidly Widening Murdoch Scandal?
  by Yves Smith 5:46 am

August 16, 2011

• We Speak on RT America About Business’s False Quest for Certainty
  by Yves Smith 11:09 pm

• Links 8/16/11
  by Yves Smith 6:08 am

• The Sucking Sound of Liquidity Draining From the Eurobank Market
  by Yves Smith 5:52 am

• Bank of America Death Watch: Unloading “Non-Core” Assets Aggressively
  by Yves Smith 3:52 am

• Satyajit Das: The Real Debt Crisis is in Europe- Part 2 – “Europe’s Long, Long Goodbye”
  by Yves Smith 1:57 am

August 15, 2011

• For whatever reason
  by Edward Harrison 5:06 pm

• Video: The Bankers as the Enemy of Humanity
  by Yves Smith 3:56 pm

• Links 8/15/11
  by Yves Smith 7:03 am

• Quelle Surprise! New York Fed Director Shills for Bank of New York, Argues Against Rule of Law
  by Yves Smith 6:45 am

• Summer rerun: Misunderstanding Modern Monetary Theory
  by Edward Harrison 1:18 am

• Satyajit Das: The Real Debt Crisis is in Europe – Part 1 – “Solvency But Not In Our Time”
  by Yves Smith 12:41 am

• Why “Business Needs Certainty” is Destructive
  by Yves Smith 12:35 am

August 14, 2011

• On the ECB and the sovereign debt crisis
  by Edward Harrison 11:35 am

• Links 8/14/11
  by Yves Smith 6:17 am

• Bank of America’s Moynihan Begs Geithner to Give Him a Positive Mortgage Talking Point
  by Yves Smith 5:52 am

• Guest Post: Austerity and Runaway Inequality Lead to Violence And Instability
  by George Washington 3:59 am

• Rob Johnson and Tom Ferguson on the Real Meaning of the S&P Downgrade and the Market Reaction
  by Yves Smith 2:58 am

August 13, 2011

• Links 8/13/11
  by Yves Smith 4:46 am

• “Freedom Versus Markets”
  by Yves Smith 2:11 am

August 12, 2011

• New Zealand Company Registry Whack-a-Mole!
  by Richard Smith 12:46 pm

• New Zealand Government comatose, NZ Parliament surprisingly perky though
  by Richard Smith 12:11 pm

• Links 8/12/11
  by Yves Smith 5:18 am

• Matt Stoller: S&P – “Our ratings in the mortgage-backed securities area were not venal”
  by Matt Stoller 4:56 am

• Another Real Estate Time Bomb: Unsellable Vacant Homes?
  by Yves Smith 4:45 am

• Kucinich on Creating Jobs in America
  by Yves Smith 3:50 am

• “August 2011: The euro crisis reaches the core”
  by Yves Smith 1:27 am

August 11, 2011

• Links 8/11/11
  by Yves Smith 4:49 am

• Are Rating Agencies Now Trying to Mug Rich Municipalities?
  by Yves Smith 3:48 am

• Irony Alert: If This is 72 Hours of Central Bankers Trying to Save the World, What Would Abject Capitulation Look Like? (Updated)
  by Yves Smith 2:58 am

• Dalia Marin on Outsourcing, Income Inequality, CEO Pay
  by Yves Smith 12:13 am

• Guest Post: Obama Is Implementing Plans For War Throughout the Middle East Created 10 Years Ago by the Neocons
  by George Washington 12:03 am

August 10, 2011

• Delaware Attorney General Joins in Dropping Bombs on Bank of America Settlement and Bank of New York
  by Yves Smith 5:30 am

• Links 8/10/11
  by Yves Smith 3:51 am

• Philip Pilkington: European Citizens are Not Being Taxed to Fund the Bailouts
  by Yves Smith 3:17 am

• We Speak to BNN About Europe, Economic Outlook
  by Yves Smith 1:42 am

August 9, 2011

• Permanent zero is official policy
  by Edward Harrison 7:21 pm

• Dylan Ratigan’s Mad as Hell Moment
  by Yves Smith 6:10 pm

• Links 8/9/11
  by Yves Smith 4:15 am

• Did Standard and Poor’s Break SEC Regulations in Disclosing Its Downgrade to Select Parties?
  by Yves Smith 2:18 am

• Asia Getting Hammered, Discouraging Report on ECB Commitment (Updated: Europe Opens Up, US Futures Rise; Second Update: Rally Fizzles)
  by Yves Smith 12:02 am

August 8, 2011

• Why Are the Big Banks Getting Off Scot-Free?
  by Yves Smith 5:55 pm

• Obama Owns This Crisis
  by Yves Smith 4:49 pm

• Market Upheaval (Updated)
  by Yves Smith 7:03 am

• Links 8/8/11
  by Yves Smith 6:59 am

• New Zealand Opportunity! Earn $$$ Working from Home, Creating Bogus Companies for Crooks!
  by Richard Smith 4:49 am

• More Bank of America Deathwatch: AIG to Seek $10+ Billion for Dud Mortgages
  by Yves Smith 2:22 am

• Marshall Auerback: A Beer(s) Hall Putsch From the Rentiers?
  by Yves Smith 1:32 am

• Only 17% Say Government Has Consent of the Public
  by Yves Smith 12:37 am

August 7, 2011

• ECB Considers Massive Purchases of Italian and Spanish Bonds (Update: Eurobazooka Armed)
  by Yves Smith 3:21 pm

• Links 8/7/11
  by Yves Smith 6:10 am

• Matt Stoller: Standard & Poor’s Predatory Policy Agenda
  by Matt Stoller 5:58 am

• James Galbraith on How Fraud and Bad Economic Thinking Got Us in This Mess
  by Yves Smith 12:57 am

August 6, 2011

• Links 8/6/11
  by Yves Smith 6:17 am

• Will S&P Downgrade Be Another Y2K Scare?
  by Yves Smith 6:02 am

• Aljazeera on Income Disparity in the US
  by Yves Smith 2:46 am

August 5, 2011

• Links 8/5/11
  by Yves Smith 6:13 am

• Market Rout Continues
  by Yves Smith 6:08 am

• Bank of America Death Watch (Updated)
  by Yves Smith 4:16 am

• New York Attorney General Schneiderman Drops Bomb on Bank of America Settlement and Bank of New York
  by Yves Smith 3:07 am

• Bill Black: U.S. Subsidies to Systemically Dangerous Institutions Violate WTO Principles
  by Yves Smith 12:26 am

August 4, 2011

• Market Craters: Dow Falls 512 Points
  by Yves Smith 3:37 pm

• Searching for solutions to the European crisis
  by Edward Harrison 10:15 am

• Links 8/4/11
  by Yves Smith 3:49 am

• Warren Reportedly Ready to Drink From Poisoned Chalice of a Senate Bid
  by Yves Smith 3:40 am

• Satyajit Das: Still Stressed After All These Tests!
  by Yves Smith 3:32 am

August 3, 2011

• Guest Post: Fukushima Radiation Highest Ever, Exceeding Capacity of Measuring Device … Fuel Likely Leaking Out Of Containment Vessel
  by George Washington 3:08 pm

• Links 8/3/11
  by Yves Smith 4:43 am

• Beleaguered Bank of America Seeking Yet Another Get-Out-Liabilty-Almost-Free Card in AG Negotiations
  by Yves Smith 3:57 am

• Quelle Surprise! Greedy Rentiers Are the Same the World Over!
  by Yves Smith 2:26 am

• Small Business Owners Using Pawnshops to Make Payroll
  by Yves Smith 1:16 am

August 2, 2011

• “Is Too Much Significance Given to U.S. Credit Rating?”
  by Yves Smith 10:31 pm

• Randy Wray: The Budget Compromise – Congress Creates a Rube Goldberg Doomsday Machine
  by Yves Smith 4:17 pm

• Guest Post: Obama Still Wall Street’s Honey … Raises More (As Both Raw Amount And Percentage) From Wall Street Than In 2008
  by George Washington 3:20 pm

• Links 8/2/11
  by Yves Smith 4:03 am

• Propagandized US Reporting on Recent Developments in Egypt?
  by Yves Smith 3:33 am

• Software Outsourcer Infosys Sued for Alleged Large Scale Visa Fraud
  by Yves Smith 1:26 am

August 1, 2011

• Tom Ferguson on the Debt Deal: Debt Ceiling Deal All Cuts No Taxes
  by Yves Smith 1:10 pm

• Matt Stoller: What Presidency?
  by Yves Smith 8:17 am

• Links 8/1/11
  by Yves Smith 4:35 am

• “Europe plans its next crisis”
  by Yves Smith 3:29 am

• Should Elizabeth Warren Run for President?
  by Yves Smith 2:00 am