The chief architects of the exercise in looting otherwise known as the post-crisis rescues are back promoting more of the same.
Read more...Another IT outage in the UK serves as pushback to the war on cash, with even the ECB conceding it doesn’t foresee a totally cashless society, leaves those relying on credit cards alone to make payments vulnerable.
Read more...In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.
Read more...To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis.
Read more...Turkey is entering a major crisis, which many of the media have been quick to blame on Erdogan’s nationalist inclinations. However, the crisis has much more to do with poor economic fundamentals and the lending decisions of European banks.
Read more...Despite months of IT mayhem and all kinds of problems, customers cling to TSB Bank in the UK.
Read more...Ten years later, Trump’s rise to power is a consequence of poor governance.
Read more...Is the EU playing iron fist in velvet glove on the UK’s Brexit pitch for a financial services equivalence deal?
Read more...Yanis Varoufakis revisits the Greece 2015 debt negotiations and describes how Greece still wears the austerity yoke.
Read more...Why the currency crisis in Turkey is a due in part to the failure to take adequate corrective measures after the global financial crisis.
Read more...The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?
Read more...Why taking accounting for granted is a really bad idea.
Read more...The Turkish lira’s swan dive is causing all sorts of collateral damage.
Read more...Michael Hudson discusses his life as a young Communist intellectual, how he became interested in economics and finance, his life in academia, and his recent work on rentier capitalism and debt jubilees.
Read more...Yet another proof that the authorities were given evidence of widespread mortgage fraud before the crisis and chose to do nothing about it.
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