Monthly Archives: June 2012

June 30, 2012

• New Zealand’s Savings & Loans Companies: Not Like Any Banking Industry You’ve Ever Seen Before
  by Richard Smith 4:48 pm

• Links 6/30/12
  by Yves Smith 6:55 am

• Currency Ideals
  by Yves Smith 12:50 am

• More on ACA Decision: “A Dark Cloud on a Sunny Day”
  by Yves Smith 12:24 am

June 29, 2012

• Links 6/29/12
  by Yves Smith 4:49 am

• Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the Rule of Law
  by Yves Smith 4:36 am

June 28, 2012

• New Zealand: Not Another Rogue Company Incorporator, Surely? No: Two, Actually
  by Richard Smith 4:50 pm

• London Whale Trade Explodes, Current Estimate of JP Morgan Losses as High as $9 Billion
  by Yves Smith 12:53 pm

• ObamaCare, the “Market State” and Nudge Theory
  by Yves Smith 12:35 pm

• Links 6/28/12
  by Yves Smith 3:10 am

• Europe Has No Levers for Growth
  by Yves Smith 2:25 am

• Quelle Surprise! Barclays Settlement on Massive Interest Rate Price Fixing Illustrates Bank Crime Pays Well
  by Yves Smith 2:05 am

June 27, 2012

• New Zealand Reserve Bank Gesticulates at Pseudobanks Run by Offshore Directors (and Registered by Offshore Company Agents)
  by Richard Smith 4:50 pm

• Why Don’t Americans Take More Vacations? Blame It on Independence Day
  by Yves Smith 6:55 am

• Links 6/27/12
  by Yves Smith 4:12 am

• Jeffrey Sommers/Michael Hudson: Latvia, the Austerians’ Potemkin Village
  by Yves Smith 3:03 am

• The European Summit is a Write Off
  by Yves Smith 2:42 am

June 26, 2012

• Can the Fed Really Do More?
  by Yves Smith 3:53 pm

• Links 6/26/12
  by Yves Smith 3:29 am

• Yanis Varoufakis: Greece is Finished
  by Yves Smith 3:21 am

• Michael Olenick: Irrational Exuberance, Housing Edition
  by Yves Smith 12:30 am

• Philip Pilkington: Neoclassical Economics and the Foreclosing of Dissent – The Inner Death of a Social Science
  by Yves Smith 12:10 am

June 25, 2012

• The Source of Barack Obama’s Power to Trick Us Comes from Our Willingness to Be Tricked
  by Matt Stoller 9:30 am

• Links 6/25/12
  by Yves Smith 4:03 am

• Europe Takes a First Step
  by Yves Smith 2:59 am

• Battle Royale Coming Over Fed Currency Swap Lines?
  by Yves Smith 2:46 am

• Simon Johnson: JP Morgan at Risk if Euro Breaks Up
  by Yves Smith 1:39 am

June 24, 2012

• Links 6/24/12
  by Yves Smith 3:44 am

• Adam Davidson Strikes Again, Tells Us to Ignore Downer Data and Trust the Confidence Fairy
  by Yves Smith 2:50 am

• Mark Ames: The Left’s Big Sellout – How the ACLU and Human Rights Groups Quietly Exterminated Labor Rights
  by Yves Smith 2:41 am

• The Semiotics of Markets
  by Yves Smith 2:34 am

June 23, 2012

• Matt Taibbi and Your Humble Blogger on Bill Moyers
  by Yves Smith 6:44 am

• Links 6/23/12
  by Yves Smith 3:44 am

• Satyajit Das: Personal versus Personalities
  by Yves Smith 1:44 am

• Will Ecuador Give Asylum to Julian Assange?
  by Yves Smith 1:33 am

June 22, 2012

• Quants, Models, and the Blame Game
  by Yves Smith 9:00 am

• Links 6/22/12
  by Yves Smith 2:55 am

• Michael Hudson/Jeffrey Sommers: Latvia is No Model for Austerity
  by Yves Smith 1:53 am

June 21, 2012

• New Zealand Company Register Facilitates Arms Dealing With Iran, Massive Money Laundering, But Will the Minders Beat the Perps?
  by Richard Smith 6:24 pm

• Bank of America Settlement on Customer Overbilling Proves Bank Crime Pays
  by Yves Smith 4:12 pm

• “The Eurozone’s Strategy is a Disaster”
  by Yves Smith 3:59 pm

• Links 6/21/12
  by Yves Smith 2:41 am

• Oil Regulators Wimp Out on Requiring More Transparency
  by Yves Smith 1:46 am

June 20, 2012

• Matt Taibbi and Your Humble Blogger Will Be on Bill Moyers’ Show This Friday
  by Yves Smith 11:15 pm

• China Punches Back in Rare Earths Row, Claims Rising Scarcity Justifies Export Curbs
  by Yves Smith 4:57 pm

• Yes, Barack Obama Thinks We’re Stupid (Immigration Edition)
  by Matt Stoller 6:55 am

• Links 6/20/12
  by Yves Smith 6:45 am

• Dimon Plays Humpty Dumpty to Congress
  by Yves Smith 1:03 am

• New Directions in Monetary Economics: An Interview with Marc Lavoie – Part II
  by Yves Smith 12:10 am

June 19, 2012

• Link 6/19/12
  by Yves Smith 5:04 am

• Did the Federal Reserve Survey on Wealth Exclude the Top 400 Wealthiest People in America?
  by Matt Stoller 4:14 am

• Guest Post: Shakespeare’s “The Merchant of Venice” Shows How Bankers and Speculators Make a Mockery of Law and Custom
  by Yves Smith 4:11 am

• Changing Media Stance on Deficit Cutting: New “Austerity Doesn’t Pay” Headlines and Dissing of Sovereign Ratings
  by Yves Smith 3:37 am

• New Directions in Monetary Economics: An Interview with Marc Lavoie – Part I
  by Yves Smith 2:13 am

June 18, 2012

• “Great Latvian Success Story!”
  by Yves Smith 2:58 pm

• Links 6/18/12
  by Yves Smith 5:13 am

• New York Times Misidentifies Main Cause of Slow Motion European Bank Run
  by Yves Smith 4:54 am

• Dimon Redux: Why Bank Risk-Taking = Risk Making
  by Yves Smith 2:11 am

• A Moment’s Respite in Europe
  by Yves Smith 1:20 am

June 17, 2012

• Links 6/17/12
  by Yves Smith 3:14 am

• Finance and the Mafia State
  by Yves Smith 3:06 am

• NC Crowdsourcing: Will the Euro Survive?
  by Yves Smith 3:02 am

June 16, 2012

• Links 6/16/12
  by Yves Smith 2:32 am

• Austerity Kills: How the EuroCrisis is Being Used to Break the Social Contract
  by Yves Smith 1:15 am

• Amar Bhide: Dimon Should Lose His Job Over CIO Mess
  by Yves Smith 12:31 am

June 15, 2012

• Walkback on Basel III Confirms Bank Victory on Regulation
  by Yves Smith 3:57 pm

• Links 6/15/12
  by Yves Smith 4:07 am

• Another Schneiderman Con: Proposes Likely-to-go-Nowhere Foreclosure Fraud Legislation
  by Yves Smith 3:04 am

• Satyajit Das: The Euro-Zone Debt Crisis – It’s Now ABOUT Germany NOT UP TO Germany!
  by Yves Smith 1:17 am

• Peer-to-Peer Lending: Will Aggressive Operators Screw Up a Promising Idea?
  by Yves Smith 12:55 am

• Wolf Richter: Manna for Bankrupt Cyprus
  by Yves Smith 12:11 am

June 14, 2012

• Trip Report: Netroots Nation (part II)
  by Lambert Strether 9:55 am

• The Crisis Shifts to Italy
  by Yves Smith 8:39 am

• Links 6/14/12
  by Yves Smith 6:55 am

• Marshall Auerback: Germany’s Constitutional Conundrum
  by Yves Smith 1:32 am

June 13, 2012

• Obama Plans to Put Foreign Companies Above the Law
  by Yves Smith 11:06 pm

• Wells Fargo Takes Revenge on Blog for Posting How Bank’s Improper Foreclosure Led to a Suicide
  by Yves Smith 10:17 pm

• Dimon Testimony Whopper: CIO’s Gambling on Disaster = “Portfolio Hedging”
  by Yves Smith 12:21 pm

• Links 6/13/12
  by Yves Smith 2:36 am

• Bank Bonds vs German Intransigence
  by Yves Smith 1:48 am

• Belated European Report and Elite Disconnect
  by Yves Smith 1:11 am

June 12, 2012

• More on the Supposedly Out of Control JP Morgan Chief Investment Office and the “Fortress Balance Sheet”
  by Yves Smith 5:18 pm

• Serious Questions for Jamie Dimon in Occupy the SEC/Alternative Banking Senate Letter
  by Yves Smith 4:04 pm

• Tom Ferguson: How Wall Street Hustles America’s Cities and States Out of Billions
  by Yves Smith 2:46 pm

• Trip Report: Netroots Nation (part I)
  by Lambert Strether 4:00 am

• Links 6/12/12
  by Yves Smith 2:11 am

• Philip Pilkington: Budget Hawk Socialism – Why Calls for Balanced Budgets Lay the Path for Socialism
  by Yves Smith 1:30 am

• Stealth Austerity Coming to Spain?
  by Yves Smith 12:51 am

June 11, 2012

• Finland Trying to Dictate Terms of Spanish Bank Bailout: “No Funds to Bad Banks”
  by Yves Smith 1:20 pm

• Links 6/11/12
  by Yves Smith 1:50 am

• Michael Olenick: How Servicers Lie to Mortgage Investors About Losses
  by Yves Smith 12:50 am

• China Goes Where Obamacare Refused to Tread: Takes on Big Pharma on High Priced Drugs
  by Yves Smith 12:40 am

• Satyajit Das: The Spanish “Bailout”, Whoops – “Assistance”!
  by Yves Smith 12:30 am

June 10, 2012

• Links 6/10/12
  by Yves Smith 1:33 am

• Spanish Bank Rescue: Will the Treatment Make the Patient Worse?
  by Yves Smith 12:00 am

June 9, 2012

• Links 6/9/12
  by Yves Smith 11:09 am

• Objective of US and Israeli Policy is Economic Warfare Against Iran
  by Yves Smith 2:01 am

• Whatever Happened to Natchez? How to End the Nightmare of Jobless America
  by Yves Smith 1:41 am

June 8, 2012

• Alabama Appeals Court Reverses Decision on Chain of Title Case, Ruling Hinges on Question of Bogus Allonges
  by Yves Smith 1:56 pm

• Mop-Up Operations Resume As Voters Reject Public Pensions, Worker Rights, Liberalism
  by Matt Stoller 9:27 am

• Steve Levitt: Like a True Chicago Boy, Likes People to Go to Jail so Markets Can Be Free
  by Yves Smith 9:00 am

• Links 6/8/12
  by Yves Smith 6:55 am

June 7, 2012

• Yanis Varoufakis: Solidarity Euro-Style – Finnish Loans, ECB Bond Purchases, EFSF Tough Love and Assorted Horror Stories from the Postmodern Euro-Workhouse
  by Yves Smith 3:23 pm

• Fitch Threatens Downgrade Waves Wet Noodle at US
  by Yves Smith 2:10 pm

• Marshall Auerback: Beware German Trojan Horses – More “Europe” Might Mean More Fiscal Austerity
  by Yves Smith 12:55 pm

• Links 6/7/11
  by Yves Smith 6:55 am

• Cleaning Up the Mess: What to Do About Teetering Eurobanks?
  by Yves Smith 2:04 am

• Michael Crimmins: What the Press Refuses to See in JP Morgan and MF Global Scandals
  by Yves Smith 12:40 am

June 6, 2012

• Michael Olenick: How Banks and Their Lawyers Win at the Expense of Investors and Homeowners
  by Yves Smith 2:18 pm

• Malcolm Gladwell Unmasked: A Look Into the Life & Work of America’s Most Successful Propagandist
  by Yves Smith 1:33 pm

• Wisconsin Recap: Thanks to Obama, American Left Lies in Smoldering Wreckage
  by Matt Stoller 11:15 am

• Links 6/6/12
  by Yves Smith 6:55 am

June 5, 2012

• Neo-liberalism, De-capitalization/De-industrialization, and the Res Publica
  by Lambert Strether 4:55 pm

• Quelle Surprise! Treasury Inspector Audit Report Whitewashes OCC Fail on Foreclosure Fraud
  by Yves Smith 1:25 pm

• The Real Bombshell in the MF Global Post Mortem
  by Yves Smith 11:05 am

• How the Media Covers for Corrupt Elites, Catholic Church Edition
  by Matt Stoller 9:15 am

• Links 6/5/12
  by Lambert Strether 6:55 am

June 4, 2012

• Manif de bonhommes
  by Lambert Strether 9:00 pm

• Frick, Lassmann, Mikosch, Neuwirth, and Suellow: How do economists assess the european economic crisis? A survey
  by Lambert Strether 7:06 pm

• Yanis Varoufakis: Why Europe Should Fear Fine Gael-like ‘Reasonableness’ Much, Much More Than it Fears Syriza
  by Yves Smith 6:49 pm

• Links 6/4/12
  by Lambert Strether 6:55 am

• The FDIC Continues to Promote the Fantasy That It Can Resolve Megabanks
  by Yves Smith 12:49 am

• Aeschylus’ Eumenides: The Furies on Justice
  by Yves Smith 12:10 am

June 3, 2012

• Links 6/3/12
  by Lambert Strether 6:55 am

• In praise of equity
  by Lambert Strether 3:55 am

June 2, 2012

• Obama’s and Brennan’s “Kill List”
  by Lambert Strether 10:30 pm

• Links 6/2/12
  by Matt Stoller 5:55 am

June 1, 2012

• Marcy Wheeler: Will Treasury Hire the Guy Who Allowed JP Morgan Help Iran Launder Money?
  by Matt Stoller 1:00 pm

• Profit-Driven Surveillance and the Spectrum of Freedom: “We will offer electronic monitoring services in every state.”
  by Matt Stoller 11:00 am

• Greek Left Prepares Nationalization of Energy/Telecom Industries, Key Infrastructure
  by Matt Stoller 9:00 am

• European money slows to a crawl
  by Matt Stoller 7:00 am

• Links 6/1/12
  by Matt Stoller 5:55 am