Author Archives: Yves Smith

Is “Islamic Finance” Islamic?

On the origins, doctrinal propriety, and political significance of Islamic finance.

We Are Reopening Comments

We missed you! Welcome back to comments.

Dow Jones Sent Mother of All Nastygrams to CalPERS Over Its Massive Copyright Infringement; New York Times Called It Outrageous, Brazen, Possibly Unprecedented

Missives from the Dow Jones and the New York Times to CalPERS confirm that the pension fund is going to have to write some very large checks.

CalPERS Runs Unconstitutional, Tamper-Friendly Election With Non-Secret Ballots

CalPERS’ new board election procedures make a mockery of the California Constitution’s requirement that voting be secret.

North Korea: Are Sanctions Working?

Experts have said a military response North Korea’s belligerence is not viable. Is the current economic approach likely to succeed?

From Credit Risk to Pipeline Risk: Why Loan Syndication is a Risky Business

How pipeline risk poses a danger to banks even in an “originate to distribute” business like loan syndication.

Links 9/12/17

How US Regulators Created the Equifax Mess

How regulators made credit bureaus like Equifax powerful, and why banks could live without them if they needed to.

More Signs of Private Equity Market Frenzy: Firms Selling Stakes

Yet more evidence that the private equity market is overheated.

High Tech Pork: The Pentagon’s New Wonder Weapons for World Dominion

On the Pentagon’s costly, misguided love affair with futuristic tech.

Europe’s Globalists Tackle the Immigration Class War

As immigration becomes a political flash point, even hard core neoliberals like Emmanuel Macron are advocating restrictions.

CalPERS Goes for Secrecy Over Returns; Exploring Paying Additional Layer of Private Equity Fees by Outsourcing to BlackRock

CalPERS is exploring having BlackRock hide its private equity problems under a costly rug.

Announcing First “NC in LA” Meetup

Announcing “NC in LA,” a group of NC readers who are having their first event this weekend.