Patient readers, you get a double heaping ration of links, because approaching holidaze. –lambert
Banks Are Now Pleading Guilty to Crimes. So Why Aren’t They Being Punished Like Criminals? Slate. Because the United States is a banana republic, and elites have impunity. This is not hard, guys.
Bank fines credited for culture shift FT. Read all the way to the end for comedy gold from Martin Wheatley, head of the Financial Conduct Authority:
“If you have a small group of people [three or four layers down from the CEO] who deliberately set out to evade controls, it’s quite a hard thing to have adequate checks in place to ensure that is stamped out.”
That’s called “accounting control fraud,” Marty. Google it. You can stop it by throwing the CEOs in jail, especially since they’re the ones evading the controls.
Fed still seen in lift-off mode as Yellen takes center stage Reuters. I’ve never understood this “lift-off” trope. We’re relatively late in a weak recovery. What lift-off will there be?
Ev Williams’ Obvious Ventures closes $123,456,789 fund Venturebeat. Froth?
A Morgan Stanley wealth manager who had an affair with a client could cost the bank $400 million Business Insider. See, this is why banksters should stick to ladies of negotiable affection, like the Secret Service does.
Fraternity of Failure – The Alternative Version Thomas Palley
Conservatives and Keynes Paul Krugman, NYT
How Senate broke logjam on ‘fast track’ trade bill (+video) Christian Science Monitor
The Trans-Pacific Partnership (TPP): This Is Not About Ricardo Baseline Scenario
Why Greece’s Syriza party is not sticking to the script on an IMF deal Paul Mason, Channel 4. The nut graph:
[Zoe Konstantopoulou, a 39-year-old, Sorbonne-educated human rights lawyer who is now the speaker of the Greek parliament] has used her office set up three legal processes that could, even now, give the radical left government leverage over its lenders: a “debt truth” committee, a committee to oversee Greek war reparations claims against Germany, and a pipeline of high-level corruption cases targeted around public sector contracts with German firms.
Not sure how this would affect the power relations in play, if at all, but feel free to Google “Schauble envelope.” It’s occurred to me — on no authority at all — that among the reasons the Greek oligarchs have hitherto been untouchable is that they’ve had corrupt dealings with the Germans. Then again, it’s hard to see how Tsipras would explain Konstantopoulou’s “pipeline” to Merkel in one of their friendly chats. Pass the popcorn.
Grand bargain emerging on Europe as Germany adjusts to Cameron victory Ambrose Evans-Pritchard, Telegraph
SNP secures Commons debate on Trident safety BBC. Whistleblower-driven.
Obama’s Strategic Shift Consortium News
America’s Virulent, Extremist Counterterrorism Ideology Foreign Policy
Senior Israeli Diplomat: ‘This Land Is Ours’ New York Times. Let me know how that works out…
Ukrainians don embroidered shirts to show unity Digital Journal
Big Brother Is Watching You Watch
NSA spying powers on brink of lapsing McClatchy
FBI Director Comey As Uninformed or Not Fair-Minded Another Word For It
BREAKING: Josh Duggar Resigns From FRC In Wake Of Molestation Revelations Joe. My. God. FRC = Family Research Council.
The Rise of the Robots
Artificial intelligence bot vs. the poker pros Los Angeles Times
GM: That Car You Bought? We’re Really The Ones Who Own It. Consumerist. “You signed the EULA, pal. When you put the key in the ignition.”
Basically unaffordable Economist. The BIG.
Renewables Are Disruptive to Coal and Gas Marginal Revolution
High School Forces Student to Remove Online Photos Under Threat of Suspension Petapixel (furzy mouse)
The kill switch Nature. Looks like a heckuva conference; I wish some kind soul would send us the proceedings.
Antidote du jour (Lysa):