Big Banks Grow Bigger and Smaller Banks Disappear, As Mergers Return to Crisis-Hit Eurozone
A fresh wave of bank failures and mergers are set to trigger a new round of consolidation of the Eurozone’s banking system
Read more...Category Archives: Banking industry
Michael Olenick: How Biden Could Tackle the Student Loan Crisis
Biden could resort to a simple bankruptcy fix for the student loan mess. But would he?
Read more...Regulating Fintech in Europe: Lessons from the Collapse of Wirecard
Since Fintech companies can be very complex, their oversight requires understanding their business model and combining regulation and supervision based on both entities and activities.
Read more...China Takes Step Against Securitization, Consumer Borrowing With Suspension of Ant IPO
With its smackdown of Ant and its billionaire founder Jack Ma, China has made clear that financiers do not call the shots.
Read more...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...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.
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