FICO Gets Creative With Credit Scores to Facilitate Getting More Americans in Debt
FICO is evil.
Read more...Category Archives: Banking industry
Italy’s Debt Crisis Intensifies
Italy’s government debt yields are rising thanks to a budget standoff with Brussels, and Italian banks are looking more wobbly too.
Read more...Student Debt Bondage Becoming More Widespread
More sobering news on the student debt front.
Read more...The Effectiveness of Large-Scale Asset Purchases
This is Naked Capitalism fundraising week. 551 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and […]
Read more...Mr. Market’s Hissy Fit May Be Over….For Now
Puzzling out the markets have changed, and not changed, since the crisis.
Read more...Bankers’ Liability and Risk Taking
Why limited liability for banks is not such a hot idea.
Read more...Don Quijones: Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies
Who will blink first as Italy’s anti-establishment coalition government takes on the EU establishment in a struggle that could have major ramifications for Europe’s monetary union and Italian banks.
Read more...Costing the Country: Britain’s Finance Curse
More discussion of the downside of having too much finance.
Read more...Why Dodd-Frank Is a Protection Racket for Banks
How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.
Read more...The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick
BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris
Read more...Don Quijones: Multiple Online Banking Systems Go Down in the UK
Customers of three major UK banks were stymied by online banking problems Friday, when multiple systems crashed, limiting access to their accounts. Another installment in the ongoing war on cash.
Read more...The Spider’s Web: Britain’s Second Empire
How Britain’s system of offshore finance and tax havens developed and preserved the UK’s role as the largest player in international finance.
Read more...Post Crisis Measures Have Failed to Tame Derivatives Risks
Derivatives remain an untamed systemic risk.
Read more...Michael Hudson: 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?
Michael Hudson discusses the economic impact of not writing down debts in the wake of the crisis.
Read more...Michael Hudson: The Lehman 10th Anniversary Spin as a Teachable Moment
Why you should take conventional wisdom about the Lehman collapse and the crisis with a fistful of salt.
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