The author argues for the widespread use of market values when assessing bank conditions, prompt corrective action by regulators, limiting deposit insurance protection to ensure market discipline, and shifting the political equilibrium.
Read more...The financial system needs to provide a safe place for businesses to place their reserves and working capital.
Read more...“The bailout really did protect billionaires from taking a modest haircut.”
Read more...Even collapsed banks have lots of assets that the FDIC sells to cover the costs to the Fund. Signature Bank collapse costs the Fund only $2.5 billion
Read more...Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.
Read more...An overview from Michael Hudson’s new book, The Collapse of Antiquity, which extends his analysis of how debt creates an entrenched elite.
Read more...What parts of the financial system are most vulnerable to a crash?
Read more...Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking
Read more...Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.
Read more...The Fed confirms that its priority is crushing workers, and it believes it’s protected banks enough to allow it to continue.
Read more...Another nail in “loanable funds”, which justfies austerity but does not explain how central banks produce credit and monetary growht.
Read more...Why the expected official response to this bank panic wil make matters much worse, just not right away.
Read more...The bank firefighting squad seems to be out on a bender.
Read more...The Fed has a lot of ‘splaining to do, yet seems determined to keep doing the wrong thing.
Read more...Are many of the explanations of the recent bank tsuris barkign up the wrong tree?
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