Author Archives: Yves Smith

Why Relentless Labor Rights Enforcement Will Make or Break the New NAFTA

Why Nafta 2.0 labor protections for Mexicans are key to whether the deal delivers on its promise to US workers.

Biden Defends Undying Allegiance to For-Profit Healthcare During Interview With Dying Medicare for All Advocate Ady Barkan

Biden acts like the heartless pol he is. He can’t keep up the pretense if someone wants to get between him and insurer profits.

Unemployment Claims Hit New Record: 32.9 Million State & Federal. Week 16 of U.S. Labor Market Collapse

The latest unemployment data calls into question the notion that anything more than a techical recovery is underway.

Let the Predation Begin! CFPB Rolls Back Obama-Era Payday Loan Protections

Payday loan abuses are baaack, thanks to a full bore lobbying effort.

Beneficiary Uproar Over CalPERS Fraudulent Investment Strategy Claims in E-Mail Blast

CalPERS latest beneficiary e-mail had misrepresentaions that even the toothless SEC would sanction.

Links 7/9/2020

NY Department of Financial Services Fines Deutsche Bank Over Jeffrey Epstein Abuses; Where Are the Feds?

Deutsche Bank revealed again as being overly accommodating to clients who play fast and loose….this one Jeffrey Epstein.

Will the E-Money Boom Make the UK a Hub of Money Laundering?

Quelle suprise! E-money is facilitating financial fraud. And the UK’s FCA is unduly accommodating.

“Warren’s Eviction Bill Is Economically and Politically Savvy”

Why Warren’s eviction bill, which calls for a one-year eviction freeze, does not go far enough to save homeowners, tenants, and businesses.

Private Equity and the Pandemic: Brace for Impact…Investing

Private equity wants investors to believe that it can do good. The damage it has done through its health care industry profiteering says otherwise.

Brexit: Running Down the Clock?

Brexit is not going much of anywhere, and it still isn’t clear if this is by accident or design.