Author Archives: Yves Smith

How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud

The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.

Naked Capitalism: Getting Through the Stupids to the Important

How Naked Capitalism is the antidote to media short-termism that otherwise allows powerful interests to control information flows.

Wow! Met Our First Fundraiser Target in Record Time! Next is More Meetups and Travel

Calling you generous readers: will you now help us fund our travel and meetups budget?

Links 10/14/16

Earth to Regulators: If You’re Going to (Hopefully) Ding John Stumpf, Don’t Miss Henry Kravis, Leon Black, et al.

Now that the press is focusing on executives who oversaw stealing, people like Leon Black are even more deserving targets than John Stumpf.

Just How Hard Is It To Cut US Greenhouse Gases?

The US is not surprisingly, going to miss 2020 greenhouse gas targets by a big margin. What will policymakers do?

Fundraiser 2016: Naked Capitalism – The Next Ten Years

Join our 2016 fundraiser and help us make even more trouble!

What We’ve Done for You in the Past Year

What we’ve accomplished since our fundraiser last year.

Links 10/13/16

Wall Street Journal’s Greg Ip Makes Counterfactual Arguments to Defend Bloated Banking Industry

Greg Ip laments an outcome sorely to be wished: that the banking sector ma be forced to shrink due to lackluster profits.

Almost Nobody Is Satisfied With Wells Fargo CEO John Stumpf’s Overdue Departure

While John Stumpf has finally departed Wells Fargo, the bank hasn’t made moves consistent with serious change.

Social Democracy, the “Third Way,” and the Crisis of Europe, Part 3

A discussion of why the center-left failed to revive in Europe after the crisis. Some of the reasons apply to the US as well.

Links 10/12/16

Appeals Court Ruling That CFPB’s Structure Is Unconstitutional: A Stealth Win?

A scary-sounding ruling leaves the CFPB largely unscathed, and in some key ways, ahead.