Category Archives: Banking industry

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 7)

This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.

Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era

An incisive take from the no-holds-barred Tom Ferguson.

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

Brexit: Posturing and Impasse

More Brexit chest-thumping.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.

Congress and Corporations Join Forces To Crush American Small Business

Funny how that small business bailout worked…..

Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust

Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 6)

What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.

Tale of Two Cities Redux: HK to Ease its COVID-19 Restrictions, While NYC Situation Remains Dire

Hong Kong’s public health authorities protect its population from COVID-19, via use of masks; NYC, by contrast, flounders.

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.

More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?

Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.

Covid-19, The Coming Developing Country Debt Crisis and The Argentina Debt Reduction Proposal

Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?

Why Don’t We Just Provide an Emergency Basic Income to Businesses?

The Small Business Administration’s Payroll Protection Program has been a mess

A Payments Holiday is More Realistic Than You Think

It may be simpler to enact a payments holiday than to try to get money to the hands of individuals who desperately need it.

“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries

Quelle surprise! Big banks in the UK don’t like making small business loans, especially not at 1.5%.