Satyajit Das: The Shadow of Financial Instability
Shadow banks, rebranded as anodyne “non-bank financial institutions” are larger than ever and pose a threat in a new financial crisis
Read more...Category Archives: Banking industry
Some Perhaps Not Fully Anticipated Effects of Increased AI Use: Evidence Doubts, Fraud and Fraud Containment
Some important second-order effects of greater AI use, such as greater ease of perpetrating fraud and what might responses might be
Read more...How Corporate Democrats Made Trump Possible: A 10-Year Timeline
Yes, corporate Democrats did indeed grease the skids for Trump’s presidency, but the key misdeeds go back to Obama.
Read more...The UK Is Cursed: How Finance Destroyed Our Economy
More discussion of how the UK’s post World War II decline was a choice, due in large measure to the embrace of finance and neoliberalism.
Read more...Why Did Britain Stop Making?
And now how exactly does it plan to ready for war?
Read more...Yet More AI Bubble Worries, Now on Debt Side, with Wall Street Journal Featuring AI Datacenter Borrowing “Frenzy”
Peeling back another layer of the AI onion, today on datacenter financing.
Read more...Social Reuse of Seized Assets
The Taxcast goes to West Yorkshire in the North of England to see social reuse of seized assets in action.
Read more...Why Trump’s 50 Year Mortgage Scheme Is an Even Worse Idea Than You Imagined
The Trump/Pulte 50 year mortgage scheme is indeed really bad even before getting to the fact that it would probably increase home prices.
Read more...Wall Street Journal Insults Reader Intelligence, Depicts Lenders as Addressing Loan Risks When That Horse Has Left the Barn and Is in the Next County
The Wall Street Journal does its readers no favors in its whole-hog adoption of the fraud spin in ‘splaining high profile loan losses.
Read more...Financial Institution Leaders Issue More Warnings of Equity Market Froth, Dodgy Debt Bombs
Financial firm heads are making admissions against interest. Further discussion of apparent and potential risks.
Read more...Ten Reasons Why Trump Should Never Be Awarded the Nobel Peace Prize
Sadly, due to Trump’s relentless and bogus self-promotion as a peacemaker deserving of the Nobel Prize, debunking is in order.
Read more...Quelle Surprise! Advanced Nations Stymie Governance Reforms at World Bank Intended to Increase Influence of Global Majority
More than a decade of stalled Wrold Bank shareholding reforms illustrate how geopolitical rivalries undermine the push for multipolarity
Read more...Satyajit Das: Stablecoins – Invention Looking For A Problem?
Satyajit Das sets forth the very strong case against stablecoin.
Read more...Wall Street’s Deregulation Agenda Will Cost Everyday Americans Everything
Trump administration financial deregulation, eliminating services and eviscerating oversight and enforcement, sets people up for harm
Read more...Banks Can’t Survive Climate Change
Richard Murphy argues a massive banking collapse is coming — and the cause isn’t speculation this time. It’s climate change.
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