Author Archives: Yves Smith
Volcker Rule: The Devil’s in the Unimpressive Enforcement Details
If you managed to be late to the Volcker Rule party, you can learn a great deal of what you’d need to know via the revealing contrast between two reasonably detailed accounts, one at Huffington Post by Shahien Nasiripour, the other by Matt Levine at Bloomberg. If you didn’t know better, you’d wonder if they were talking about the same rule.
Read more...Please Tell Us About Site Anomalies + Three Fixes for Readability Issues
Some suggestions for fixing known issues and a request for further input!
Read more...Links 12/10/13
Big Banks About to Start Booking Second Mortgage Losses They Can No Longer Extend and Pretend Away
Reuters has a new article, Insight: A new wave of U.S. mortgage trouble threatens, which is simultaneously informative and frustrating. It is informative in that it provides some good detail but it is frustrating in that it depicts a long-standing problem aided and abetted by regulators as new.
Read more...Ilargi: All The Plans We Make For Our Futures Are Delusions
What worries me most about the world today, in the last weeks before Christmas and New Year’s Day 2014, is that all the plans we make for our futures and more importantly our children’s futures are DOA.
Read more...Whistleblower Describes How Private Equity Firms Flagrantly Violate SEC Broker-Dealer Requirements
Last week, Crain’s Business Daily and Fortune reported that a whistleblower has provided the SEC with evidence of massive, ongoing violations of securities laws, specifically, the Securities Exchange Act of 1934, by several unnamed private equity firms.
Read more...Michael Olenick: Consumer Reports Joins Obama in Telling Obamacare Big Lies
After months of analysis I can objectively conclude that Obamacare is, to ordinary middle-class people, worse than worthless.
Read more...Rob Parenteau: How to Exit Austerity, Without Exiting the Euro
Yves here. This is an important post by Rob Parenteau which outlines a viable plan for subject nations austerity-afflicted Eurozone countries with reasonably-well-functioning tax bureaucracies to escape their downspiral.
Read more...Links Pearl Harbor Day 2013
Capital Inflows and Booms in Asset Prices
Yves here. This is a tidy and useful addition to the literature on how high levels of international capital flows generate financial instability.
Read more...Yanis Varoufakis Discuses Bitcoin and Litecoin on RT
Yves here. Yanis makes a couple of observations which won’t sit well with digital currency enthusiasts.
Read more...Links 12/6/13
Nelson Mandela is Dead
It is difficult to describe in a few words the inspirational arc of Nelson Mandela’s life.
Read more...Ohio’s Official Fracking Water Damage Denialism
Yves here. It is not hard to imagine that the position taken by Ohio officials regarding what sure looks like fracking-induced damage to water supplies is being replicated in other states.
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