Italy Bank Crisis Looming With Rush to Rescue #3 Bank, Monte dei Paschi
Frantic rescue efforts for Monte dei Paschi are underway but the current plans don’t look very viable.
Read more...Author Archives: Yves Smith
Links 7/27/16
John Helmer: The New Byzantine Alliance – Will Russia and Turkey Revolutionize the Center of the Old World?
Putin and Erdogan are meeting in August. Cooperation between Russia and Turkey would represent a major geopolitical realignment.
Read more...Harry Markopolos Scores Again: State Street Settles for $382 Million on Foreign Exchange Fraud
Harry Markopolos exposed cheating of pension funds and mutual funds in foreign exchange trades,, with State Street the latest settlement.
Read more...NSA Whistleblower: Not So Fast On Claims Russia Behind DNC Email Hack
Why you should be skeptical of the party line that the DNC was victimized by Russians.
Read more...Links 7/26/16
California Treasurer John Chiang’s Peculiar Letter to the New York Times on His Sham Private Equity Transparency Bill
Treasurer John Chiang tries to defend his bill, AB 2833, against an article by Gretchen Morgenson, but only digs his hole deeper.
Read more...Meet CalPERS Board Member Bill Slaton, Who Puts Kow-Towing to Private Equity Over Beneficiaries and California Taxpayers
CalPERS Investment Committee vice chairman Bill Slaton exemplifies many of the pathologies of the board.
Read more...How Much Do Shady Financial Practices Cost You, Exactly?
The average U.S. household loses over $100,000 to destructives activities of bankers and financiers
Read more...How the ECB is Officially Above the Law
If you think the US has trouble holding the Fed to account, we are in light years better shape than Eurozone citizens are with the ECB.
Read more...Links 7/23/16
Announcing Reader Meetups: Friday August 5 in New York City, Sunday August 14 in San Francisco
This has been an insanely busy year, both from a news perspective and a tearing-of-hair-and-rending-of-garments-behind-scenes perspective. So I hope readers in New York City and San Francisco can meet with me for a drink in August. For those of you new to the site, meetups are very informal. We hold them in public venues, aka […]
Read more...TaxCast on Panama Papers and Brexit
The latest Tax Justice network podcast covers some hot topics, including key journalist accounts on the Panama Papers.
Read more...Study: Top Bank Execs Saw the Crisis Coming and Sold Their Company’s Shares
So much for the “whcouddanode” theory of the crisis.
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