Why Dodd-Frank Is a Protection Racket for Banks
How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.
Read more...Author Archives: Yves Smith
The US-Mexico Trade Deal Dies
How the US effort to push a trade agreement with Mexico over the line fell apart.
Read more...Adam Ashton of the Sacramento Bee Publicizes This Blog (and CalPERS’ Frustration With It)
Adam Ashton of the Sacramento Bee questions why we would want to expose public corruption and incompetence at CalPERS. No, I am not making that up.
Read more...The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick
BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris
Read more...Something Russia and EU Appear to Agree on – the Euro
The very rational case for Russia and the EU to trade oil in euros.
Read more...California Treasurer John Chiang Calls for an Independent Investigation of CalPERS CEO Marcie Frost’s Hiring Misrepresentations
California Treasurer John Chiang objects to CalPERS efforts to treat documented evidence of CEO Marcie Frost making repeated misrepresentations about her background as a PR problem and calls for a serious investigation.
Read more...CalPERS’ CEO Marcie Frost’s History of Embellishment and Poor Management Goes Back to Washington
Yet more confirmation of our findings regarding CalPERS CEO Marcie Frost’s record of misrepresentations.
Read more...Link 9/26/18
Joseph Stiglitz and Alexandria Ocasio-Cortez Talk Social and Economic Justice
Alexandria Ocasio-Cortez continues to be in the limelight. Is she getting her political footing yet? And will she live up to her “democratic socialist” brand, or is she getting more cozy than necessary with establishment Democrats?
Read more...Hard-Brexit Lobbyists Demand UK Roll-Back Environmental Standards to Strike Free Trade Deals with India, China and US
Another ugly but far-from-secret element of what was in store with a Glorious Brexit.
Read more...Trump Escalates Tensions With China Through Taiwan Weapons Deal
Trump disses China in a big way by giving Taiwan quasi-recognition through an arms sale.
Read more...Workers Overdose On The Job, And Employers Struggle To Respond
Another facet of the opioid crisis: on-the-job addiction and overdoses.
Read more...Links 9/25/18
How the Crisis Caused a Pension Train Wreck
Why pension funds, and retirement savers generally, are big victims of the financial crisis.
Read more...Widely-Reported Study on Uber, Lyft Driver Economics Misses Fundamental Deterioration
Once again, some Uber and Lyft data that ought to generate more questions instead gets a free pass from the press.
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