Promontory Group, which plays a major role in helping financial firms tilt the regulatory playing field in their favor, is about to get a long-overdue comeuppance.
Read more...This post makes important observations about how the elite levels of Greece engage in rent-seeking, aka corruption, and can continue those strategies even in the face of economic collapse, to the detriment to the rest of Greek society.
Read more...David Silber, the chief investment officer of Milwaukee’s pension fund, lays waste to the notion that private equity data and legal agreements need to be kept under lock and key.
Read more...The California drought is exacerbating severe, structural problems with water use in the West.
Read more...A carry fee reporting scandal that started at CalPERS has spread to CalSTRS as California Treasurer John Chiang says he’ll ask questions.
Read more...Why bank IT is more of a mess than you possibly imagined, and why that matters.
Read more...China apparently did not get the memo about not letting stock market leverage get out of hand.
Read more...We had a good conversation with Harry Shearer on Greece. Hope you will listen in!
Read more...We’d posted earlier this week that odds favored a Grexit. With the Greek bridge loan deal having passed the key hurdle of securing passage in the German Parliament, and Lagarde making it clear that the IMF will support an eventual bailout deal with “restructured” loans (ie, no haircuts), the odds have shifted. It is now more probable that this pillage-of-Greece program stays on track near term, meaning the so-called “third bailout” gets completed.
Read more...Human beings face the choice whether to preserve parts of our present civilization or create elements of a new one or alternatively, head towards self-extinction.
Read more...If the Eurozone had a proper banking union, Greek banks would not now be in crisis.
Read more...Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
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