Bronze Age societies forgave agricultural debt to keep cultivators working on their land, able to pay taxes and work in the military and on public projects. Lenders were seen as greedy and exploitative.
Read more...New research shows that ‘master’ fingerprints can bypass smartphone fingerprint ID systems – thus striking another blow at the biometric ID fairy.
Read more...Concerns are building over the extent of leveraged lending, among regulators and politicians and the private sector alike. Some, such as Sen. Elizabeth Warren see troubling signs that recall risks that triggered the Great Financial Crisis.
Read more...Why debt unforgiveness is the original and incurable curse on our post-eighth-century-B.C. Western Civilization,
Read more...Some emerging-market economies look wobbly. How likely are we to see more crises?
Read more...Clearing up fundamental misconceptions about US Treasury bond issuance.
Read more...Consumer debt continues to grind upwards.
Read more...Who will feel the pain first in the coming credit squeeze?
Read more...Some of the analytical sleights of hand used to promote the ideology of financializatation.
Read more...How a new paper on HAMP manages, by not understanding the program. to whitewash it as well as promote financialization.
Read more...Michael Hudson on his themes of how banks are mainly funding real estate rather than the economy and the problem of failing to write down debt that can’t be repaid.
Read more...the possibility that the coupon payment on the CoCos issued by a single bank might be suspended led to very adverse dynamics in the entire market for CoCos that cannot be totally explained by banks’ fundamentals.
Read more...Markets have more reason than usual to be jumpy.
Read more...Mr. Market is worried about banks, particularly European ones.
Read more...FICO is evil.
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