Author Archives: Yves Smith
Gerald Friedman: Why “Liberal” Economists Dish Out Despair
“Liberal” economists still embrace the dominant pseudo-Keynesian orthodoxy despite its failure in the financial crisis and its role in increasing inequality.
Read more...Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
Is China as at much risk as Soros suggests it is?
Read more...Boston “T” FOIA Fight v. Boston Globe Over $25 Million Loss-Making Hedge Fund Investment
The Boston Globe is fighting the MBTA pension fund to obtain records about an investment gone bad recommended by a former insider.
Read more...How European Union Fiscal Rules Subverted Democracy and Institutionalized Neoliberalism
A good overview of how fiscal rules gave neoliberal ideology and unaccountable bureaucrats the upper hand in the EU.
Read more...Links 4/20/16
Robert Reich: Why Is One of Sanders’ Most Important Proposals Being Ignored?
Sanders’ financial transactions tax plan hasn’t gotten the hearing it deserves.
Read more...UK’s Osborne Exempts Members of Parliament, Other “Politically Exposed Persons” From Money Laundering Oversight
The UK exempts Members of Parliament and other Special People from money laundering controls.
Read more...Our Politico Story on How the Switzerland and the UK Best the US on Tackling the Too Big to Fail Problem
See our story in Politico about living wills and the too big to fail problem.
Read more...The Rise of the Right Wing Populist: Blame It on the Banks
Contrary to popular belief, the shift to the right is not due to immigration as much as the financial crisis and its aftermath.
Read more...Links 4/19/16
Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?
Read more...Obama Administration Trying to Throw Massive Secrecy Veil Over Past and Future Pilfering of Fannie and Freddie
Why is the government insisting that a huge stash of Fannie and Freddie records deserve state secret treatment?
Read more...Sun Capital Ruling: Private Equity Investors on the Hook for Shuttering Underfunded Pensions
A ruling against private equity general partner Sun Capital delivered a nasty surprise to investors.
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
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