The One-in-a-Thousand-Day Problem
AI’s ability to handle complexity and respond rapidly means future crises are likely to be much more sudden and vicious than those we have experienced so far.
Read more...Category Archives: Banking industry
“The Next Crash Could Be Much Bigger Than the Last Two”
Rentierism in housing in the UK has reached what looks like nose-bleed, self-correcting, and thus potentially crash-inducing levels.
Read more...Wall Street Journal Tries “Recovery Finally Underway” Office Space Patter as Securitized Office Mortgage Delinquencies Hit a New Post-Crisis High of 10.4%
The Journal gets egg on its face for trying to call a bottom in the office space market even as delinquencies were accelerating
Read more...Trump Nominates Corporate Lobbyist and Foreclosure Fraudsters Defender Pam Bondi as Attorney General
Pam Bondi has a terrible record as far as going after corporate misconduct is concerned, which explains Senate enthusiasm for her.
Read more...Wall Street Banks Accused of Trying to Sabotage Key Consumer Protection Rule
The Consumer Financial Protection Bureau wants banks to send data of ex-customers to a new bank. Banks are howling. They may have a point.
Read more...Bank Servicers Whittling Away at Hard-Won Protections Against Foreclosure Abuses: The Maine Example
Banks are slowly making gains in court rulings that will help them again engage in foreclosure abuses.
Read more...How Corporate Vehicles Conceal Crime and Chicanery
Financial vehicles designed to conceal wealth and questionable activity fuel corruption and crime while allowing perps evade accountability
Read more...Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
Read more...The Fed’s Reactive-Looking Half-Point Rate Cut
The Fed’s half point rate reduction was unseemly large. What gives?
Read more...Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...Michael Hudson: Debt, Economic Collapse and the Ancient World
Robinson Erhardt conducts a wide-ranging discussion of Michael Hudson’s work, including the social cost of debt bondage and rentierism
Read more...Gift Card Scams Generate Billions for Fraudsters and Industry as Regulators Fail to Protect Consumers − How One Fell into the ‘Fear Bubble’
Remarkable detail of how a gift card scammer successfully worked a mark, even with a bank and police trying to intervene.
Read more...The Irrationality of Markets
More evidence that the current level of advanced economy secondary market trading is bad for economic health.
Read more...How Kamala Harris Sold Out Struggling Homeowners to Save Banks in 2012 and Then Lied About It
Kamala is under scrutiny for policy flip-flops. Even worse is her lying about the badge of shame known as the 2012 National Mortgage Settlement.
Read more...Repaying Bank Loans Destroys Money
Richard Murphy discusses a key, and not well understood, implication of repaying bank loans.
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