Author Archives: Yves Smith

Time to “Fire” Mary Jo White: SEC Covers Up for Bank Capital Accounting Scam Promoted by Her Former Firm, Debevoise

Pam Martens and Russ Martens published a mind-boggling expose yesterday on how the SEC is refusing to stop an abuse by major banks that increases systemic risk.

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Bank of Greece Issues Grexit Warning, in Move Certain to Intensify Bank Run

The Bank of Greece submitted a required report on monetary policy to the Greek Parliament and the Cabinet this morning. The English language version of the press release shows that it says, in stark terms, that failure to reach a pact with Greece’s creditors will lead to a Grexit and likely a departure from the European Union.

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Michael Hoexter: The Climate (and Climate Justice!) Movement Cannot Remain a Genteel Environmentalist Movement

Hoexter examines the disconnect between the preferred methods of climate activists versus the magnitude and urgency of the issues they are trying to address. His analysis echoes an important 2012 post by Richard Kline, Progressively Losing.

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