Robert Reich: Why Is One of Sanders’ Most Important Proposals Being Ignored?
Sanders’ financial transactions tax plan hasn’t gotten the hearing it deserves.
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UK’s Osborne Exempts Members of Parliament, Other “Politically Exposed Persons” From Money Laundering Oversight
The UK exempts Members of Parliament and other Special People from money laundering controls.
Read more...The Rise of the Right Wing Populist: Blame It on the Banks
Contrary to popular belief, the shift to the right is not due to immigration as much as the financial crisis and its aftermath.
Read more...Bill Black: Adam Davidson, the 1%’s Lord Haw-Haw, Mangles Economic Theory to Attack Sanders
Adam Davidson makes numerous misrepresentations about economics in a salvo against Bernie Sanders’ economic plans. Does he really not know better, or has he really drunk the orthodox Kool-Aid?
Read more...Obama Administration Trying to Throw Massive Secrecy Veil Over Past and Future Pilfering of Fannie and Freddie
Why is the government insisting that a huge stash of Fannie and Freddie records deserve state secret treatment?
Read more...Sun Capital Ruling: Private Equity Investors on the Hook for Shuttering Underfunded Pensions
A ruling against private equity general partner Sun Capital delivered a nasty surprise to investors.
Read more...Greece-Troika Train Wreck Shaping Up for July Despite IMF Leak
As hard as it seems to believe, the IMF is shaping up as a less bad actor in the continuing Greece austerity saga. Germany finance minister Wolfgang Schauble, by contrast, seems emboldened by Merkel’s fallen stature, which couldn’t come at a worse time for Greece.
Read more...Bill Black: Andrew Ross Sorkin Makes a Hash of Met Life “Too Big to Fail” Decision
Andrew Ross Sorkin yet again misinforms readers, to the benefit of Big Finance.
Read more...The Dirty German Ditty That Got Erdogan So Angry That He Sued
It appears that Erdogan never got the memo: if you are going to be in politics, you need to have a thick skin.
Read more...Who Got Reuters to Pull Article on Sanders’ “Left Hook” TV Ad?
Reuters deep sixed a favorable article about a hard-hitting Sanders ad. The only plausible explanation is pressure from the Clinton campaign.
Read more...Open Thread: Reader Takes on Sanders/Clinton Brooklyn Debate
Seeking reader reactions to last night’s Sanders/Clinton debate.
Read more...Michael Hudson: Pamama – Laundering Haven for War Budgets
Michael Hudson explains the history of Panama as a center to launder earnings for the oil and the gas industries, and the mining industry.
Read more...Five Big Banks Get Bad Grades on Living Wills, No One Gets Clean Pass; Admission That “Too Big to Fail” is Alive and Well
The practical and political consequences of no big banks getting a pass on their living wills.
Read more...Mathew D. Rose: The Remarkable World of Angela Merkel and Her Friends
With friends like Merkel’s, who needs enemies?
Read more...Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance
A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.
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