Who In Ukraine Will Benefit From An IMF Bailout?
Economists Jeffrey Sommers and Michael Hudson discuss how oligarchs and the Russians will be the true beneficiaries of an IMF bailout of Ukraine.
Read more...Author Archives: Yves Smith
Links 3/22/14
How Do the Powerful Get the Idea That They ‘Deserve’ More? Lessons from the… Laboratory
The distribution of power and wealth can be, and usually is, highly arbitrary and independent of ‘marginal productivity’, ‘risk taking’ or, indeed, any personal characteristic of those who rise to the top. So how do those at the top convince themselves that they are more deserving?
Read more...Democracy Now Discusses Wells Fargo Foreclosure Document Fabrication Manual
It’s good to see that a lawsuit providing critical new evidence of systematic foreclosure abuses is getting the attention it warrants.
Read more...Journalist Schools BBC on Russian Intervention in Crimea
A fellow blogger with substantial experience in Europe sent this BBC footage, which I believe readers will find instructive.
Read more...Links 3/21/14
Prominent Retiree Chides CalPERS for Repeating Conduct that Led to Past Private Equity Scandals
CalPERS retiree Tony Butka wrote a letter to CalPERS’ board describing why he is disturbed over how CalPERS is stonewalling my data request.
Read more...A New Wall Street Looting Scheme: Disaster Savings Accounts
As famed short seller David Einhorn says, no matter how bad you think it is, it’s worse. We’ve got proof of his dictum in the form of a new looting scheme, the Disaster Savings Account Act. Since the financiers haven’t yet gotten their hands on Social Security, they are looking for new worlds to plunder.
Read more...Rent in a Warming World
What’s rent got to do with climate change? More than you might think.
Read more...Links 3/20/14
Cathy O’Neil: Optimizing for Einstein and Other Homo-Erotic Theories
Yves here. This post may seem to be outside the ambit of normal Naked Capitalism fare. But have faith! As you’ll see, this post discusses how neoliberal thinking has come to drive how some people approach dating and marriage.
Read more...Mathew D. Rose: Hello European Deflation! Good-bye Periphery!
What do the Catholic Church and the Eurozone have in common? More than one thinks
Read more...Joe Firestone: Progressives Re-Arrange the Deck Chairs for Obama’s Austerity Budget
With friends like the austerity-loving Congressional Progressive Caucus, who needs enemies?
Read more...CalPERS Sends Data With Errors in Response to Our Lawsuit, Pointing to Problems in Record-Keeping
CalPERS continues to make a science of not walking its talk.
Read more...Seeking Reader Input on the Outlook for the Economy
Damsel in distress!
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