Elizabeth Warren Slams Democrats for Helping Gut Financial Regulations
The financial services industry is about to get even more unnecessary, risk-feeding breaks, thanks in no small measure to Democrats.
Read more...Category Archives: Banking industry
More Frequent Central Bank Communication Worsens Financial and Macroeconomic Forecasts
Too much communication from central banks to the market may be a problem, creating a cacophony of policy voices.
Read more...FinTech and Banks
Why FinTech will not be as disruptive as its promoters would have you believe.
Read more...Bitcoin as Prosecution Futures: Coinbase Agrees to Turn Customer Records Over to Department of Justice for Possible Tax Evasion
Even in the US, which so far has been more lenient toward cryptocurrencies than China, the noose is tightening. Top Bitcoin exchange Coinbase has decided that trying to defy the law, in terms of not complying with a IRS summons requiring it to turn over information about customers who had engaged in more than $20,000 […]
Read more...Killing a Parasite — Canceling Student Debt, Part 1
How student debt is killing its host.
Read more...Trump SEC Fails to Pursue Aggressive Deregulatory Agenda (Albeit from Previous Pathetic Baseline)
WSJ reports Trump SEC has failed to pursue an aggressive deregulatory agenda; legislation necessary to disable securities framework further.
Read more...Bill Black: Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption
Bill Black discusses how in two years Latvia has morphed from poster child for austerity for the financial press to a nest of banking corruption.
Read more...“Life in the Sweatbox,” Personal Bankruptcy, and the Narrative of Utilitarian Calculus
The false narrative that made personal bankruptcy law so hellish
Read more...Treasury Proposes Dubious, Untested Chapter 14 Bankruptcies for Too Big to Fail Banks
Treasury released an ideologically-driven proposal to change Dodd Frank’s resolution authority.
Read more...The Free Market Threat to Democracy
Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.
Read more...Wells Fargo Screws Customers Yet Again, Now Failing to Make Right on Abuses; Elizabeth Warren Demands Answers
Wells Fargo is still up to no good…
Read more...Wolf Richter: Big Reset Looms for Corporate Credit Market
Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?
Read more...Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.
A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.
Read more...Cryptocurrencies Don’t Make Sense
How cryptocurrencies do a poor job of delivering on their supposed purposes.
Read more...Don Quijones: Bridgewater Bets Big Against Largest Banks in Spain & Italy
World’s largest hedge fund places $13 billion in shorts on Spanish and Italian banks to profit from trouble in Europe.
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