President of Richmond Fed Leaks Insider Information and Gets to Walk Free
Bill Black discusses the travesty of the kid glove treatment of former Richmond president Jeffrey Lacker in a leak of FOMC information.
Read more...Category Archives: Banana republic
Philippines President Duterte Orders Troops to Occupy South China Sea “Islands”
Philippines’ President Duterte decides to hot things up a bit in the simmering South China Sea hostilities.
Read more...Richmond Fed’s Jeffrey Lacker Departs Due to Leak: Defenestration as Coverup?
In a stunning development, Richmond Fed president Lacker resigned over a leak under investigation since 2012. The details are not pretty.
Read more...Why Did CalPERS Pay FTI Consulting $224,625 for a Garbage-In, Garbage-Out Private Equity Whitewash?
Why did CalPERS hire FTI Consulting to cover up for private equity firms?
Read more...Gaius Publius: It’s Not About Gorsuch, It’s About the Democrats
The Gorsuch vote will show if there is any shred of hope that the Democrats intend to woo disaffected voters.
Read more...Wolf Richter: This Economy is Ruined for Many Americans
The lower tier of the two-tier economy is not faring at all well.
Read more...Why Has Italy’s Banking Crisis Gone Off the Radar?
An update on Italy’s festering bank crisis.
Read more...Gaius Publius: Crossing the U.S. Border with Electronic Devices
Ideas for how to protect yourself against border searches.
Read more...Inequality Update: Who Gains When Income Grows?
In a perverse reversal of historical norms, more growth produces more inequality as a result of economic policy and changes in legal rights.
Read more...Gaius Publius: Senate Democrats Will Filibuster Gorsuch…Maybe
Why are Democrats considering a Gorsuch deal? Maybe they can’t execute a filibuster due to too many Senators with big corporate backers.
Read more...Bill Black: Why Did Preet Bharara Refuse to Drain the Wall Street Swamp?
If you still doubt that Bharara and other federal prosecutors could have gone after bank executives but chose not to, this should settle it.
Read more...Michael Hudson: Trump is Obama’s Legacy. Will this Break up the Democratic Party?
The Democratic Party will keep losing as long as it remains the party of “no hope or change” for the 95%.
Read more...Deepening EU Banking Crisis Meets Euro-TARP and Taxpayers
As the banking crisis in Europe intensifies, TARP-like ideas are on the table. How realistic are they?
Read more...Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...The Canadian Establishment and Prime Minister Trudeau Aim at Ousting Foreign Minister Chrystia Freeland
Is Canada’s Foreign Minister Freeland, in a scandal over lying about her Nazi propagandist grandfather, being hung out to dry by the PM?
Read more...