Category Archives: Banking industry

Is American Banking Safe? You Might Not Like The Answer from Two Fed Veterans

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public.

How Finance Capitalism Ruined the World – Dr. Michael Hudson & Dr. Steve Keen

Micheal Hudson and Steve Keen review how finance capitalism prevailed over industrial capitalism, and why that produced bad outcomes.

Comparing How the West and China Offer Loans to Developing Countries

China challenges Western institutions. Each side offers distinct and competitive lending strategies for global infrastructure and development

Could It Be the Fed’s Mega-QE Created So Much Liquidity That Tightening Doesn’t Work until this Excess Gets Burned Up?

Financial Conditions loosen further: credit markets blow off the Fed to make sure “higher for longer” gets entrenched? That would be funny.

Jim Chanos: “The Crypto Ecosystem Is Well-Suited for the Dark Side of Finance.”

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber

The Fed’s Bank Capital Three-Card Monte: Undermines Tighter Rules by Allowing Synthetic Risk Transfers to Famed Hedge Fund Bad Actors Like Magnetar, Ares

The Fed again seems unable to contain its bad impulses.

Credit Suisse Forced Marriage Gins Up $9 Billion in Legal Claims in Addition to RICO/Swiss Law Suit for Longstanding Misconduct and Crimes; Amicus Brief by Better Markets Supports RICO Claim

Is Credit Suisse going to become the Jarndyce and Jarndyce of failed bank litigation?

Plaintiffs in Mammoth RICO/Swiss Law Suit Versus Credit Suisse, Many Directors and Execs, and KPMG for Egregious Misconduct File Response to Defendants’ Objections

An update on a monster lawsuit against Credit Suisse (now UBS), KPMG, and various executives for a decade of very costly misconduct.

Russia, China Unite Against US Empire

Michael Hudson on China’s wobbles, Russia-China cooperation, the revolt against colonialism and neoliberalism, and the conflict in Gaza.

WSJ’s Greg Ip Discusses China Crisis Risk

Fed whisperer Greg Ip expresses cautious concern about China, based on the latest IMF forecasts.

30-Year Treasury Yield Spikes Past 5%, 30-Year Mortgage Rates Hit 8%, Mortgage Applications Plunge

Treasury bond bloodbath, housing Market in deep-freeze, as delusions fade.

Beware Climate Finance Charade

Finance has increased, not reduced, greenhouse gas emissions. Yet the industry is bizarrely touted as part of the solution.

Michael Hudson: A BRICS+ Bank: How Would It Really Function?

Michael Hudson clears up some of the considerable confusion about what a new BRICS “currency” would amount to.

Crisis Risks Looming, UK Edition

While a UK crisis is not yet brewing, there are plenty of worrisome developments that could keep moving in the wrong direction.