Category Archives: Banking industry

Mr. Market’s Hissy Fit May Be Over….For Now

Puzzling out the markets have changed, and not changed, since the crisis.

Bankers’ Liability and Risk Taking

Why limited liability for banks is not such a hot idea.

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.

Costing the Country: Britain’s Finance Curse

More discussion of the downside of having too much finance.

Why Dodd-Frank Is a Protection Racket for Banks

How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.

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

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.

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.

Post Crisis Measures Have Failed to Tame Derivatives Risks

Derivatives remain an untamed systemic risk.

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.

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.

J.D. Alt: Paying for Hurricanes

A reminder that the budgetary “paying for things” framing is a way to deny resources to citizens.

Double Whammy: Implicit Subsidies and the Great Financial Crisis

Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.

Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940

An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.

Victorian Central Banks and the Myth of Independence

Central banks have not always been independent, inflation targeting bodies, and to treat them as such is to obscure their complex histories and alternative institutional constellations.