Yet another proof that the authorities were given evidence of widespread mortgage fraud before the crisis and chose to do nothing about it.
Read more...Michael Hudson explains how we’re still in the crisis that started in 2007-2008.
Read more...Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Read more...Bill Black debunks a book that tries to relitigate the crisis by denying that Lehman was insolvent.
Read more...China throws some money at banks to offset the effects of its deleveraging initiative.
Read more...The Fed is perfectly content to have cryptocurrencies be the SEC’s problem.
Read more...Brexit uglies are only getting uglier.
Read more...The IMF is back in Argentina. The fund pretends that it’s moved away from borrower-punitive programs, but the evidence says otherwise.
Read more...This so-called expansion is more and more brought to you by subprime borrowings.
Read more...How proposals to replace LIBOR will strengthen the Fed’s position in global markets.
Read more...As Brexit approaches, the personal enrichment hopes of some of its proponents come into focus.
Read more...This Fed is getting seriously hawkish: It revealed that instead of thinking about backing off rate hikes, it’s replacing the yield curve.
Read more...Bill Black discusses how even though Goldman Sachs and Morgan Stanley failed their recent stress tests to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors.
Read more...How businesses created Americanization Day, later Independence Day, to counter the rising labor movement.
Read more...A discussion about the Bank of England raises questions about the role of central banks generally.
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