Michael Olenick: The Real Origins of Trump – The Foreclosure Crisis
The foreclosure crisis was a key element of Trump’s win in 2016, yet the Democrats are still in denial about its costs.
Read more...Category Archives: Banking industry
Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem
Citi’s latest run-in with regulators shows why comparing big banks “too big/complex to fail” problems to those of Big Tech is all wet.
Read more...Trump Shoots His Campaign in the Head
Trump is back to his usual self-destructive form.
Read more...Michael Olenick: The Surprisingly Short Road from Abolitionism to Credit Bureaus
Abolitionist Lewis Tappan, the inventor of credit bureaus, would be distressed to see how his creation is being put to use.
Read more...Macro N Cheese – Debt Deflation and the Neofeudal Empire with Michael Hudson
Another tour de force by Michael Hudson, this one stressing the role of unproductive real estate in modern debt bondage and Trump’s MMT.
Read more...Why Americans Need Debt Jubilees, Helicopter Money, and 21st-Century Greenbacks: A 45-minute Conversation with Richard Vague
Richard Vague, who has studied financial crises, has honed in on the destructive impact of private debt and the need for debt jubilees.
Read more...Looking for the Private Equity Lending Train Wreck in All the Wrong Places?
How immient is a bust in private equity related debt?
Read more...How Bankers Hide Losses
Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk
Read more...It’s Time for a Debt “Jubilee”
Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Read more...Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
Read more...Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
Read more...More Giveaways to Capitalist Finance? It’s High Time To Change the Objective
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Read more...Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...How Do Banks Create Money?
A short primer on banks from a Modern Monetary Theory perspective.
Read more...Former Board Member Jelincic: CalPERS Claims It Is Protecting Confidential, as in Criminal, Informants in Hiding Details About Lending
CalPERS made damaging statements to justify withholding information about private loans. That suggestswhat it was hiding is even worse.
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