Category Archives: Banana republic

CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing

CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.

Taleb Questions CalPERS Ben Meng’s Competence and Honesty in Defending Missed $1 Billion Hedge Gain; Taleb Estimates CalPERS Net Loss on Meng’s “Alternative Mitigation” Over Two Years at $19 Billion

Nassim Nicholas Taleb calls out one of CalPERS CIO Ben Meng’s Big Lies, and unearths an even bigger one.

DemocracyWatch: Global Pandemic Power Grabs

Yet another pandemic downside….

Lockdown Rebelliousness: Denying that Coronavirus Is in Charge

The supposed irresistable force of the economy is losing out to the immovable object of the coronavirus.

The Really Really Yucky Airlines Bailout

The airlines are at the trough. It’s not quite as unseemly as the 2008 bank bailouts, but that’s an awfully low bar.

Fatal Combination: Bailouts and Bank Rescues in Money-Driven Political Systems

A tidy case study into how much money it takes to buy Congressional votes.

Some Comments on the Sanders Campaign

Thoughts on the Sanders kneecapping.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)

Muni purchases are finally here

The Coming Battle for the COVID-19 Narrative

Will the disruption of Covid-19 deal a major blow to market ideology?

How to Pay for the Pandemic War

Government responsese to the pandemic are making a hash of one of the comparatively easy issues.

New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks

An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.

India’s Poorest Now Have Access to Basic Bank Accounts, and Many Already Received their First Cash Stimulus Payment By Last Saturday; Meanwhile the IRS May Get You Your $1200 Check in Five Months

A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.