Category Archives: Banking industry

Killing a Parasite — Canceling Student Debt, Part 1

How student debt is killing its host.

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.

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.

“Life in the Sweatbox,” Personal Bankruptcy, and the Narrative of Utilitarian Calculus

The false narrative that made personal bankruptcy law so hellish

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.

The Free Market Threat to Democracy

Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.

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…

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?

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.

Cryptocurrencies Don’t Make Sense

How cryptocurrencies do a poor job of delivering on their supposed purposes.

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.

The Chinese Banking System: Much More Than a Domestic Giant

Chinese banks have become major foreign lenders, making China the eighth biggest financial center in the world.

PayPal Demonstrates What Happens to Former Tech Unicorns Which Get Lame

PayPal is no longer getting away with the sort of things it could as a payment processor newbie.

Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers

It is not an exaggeration to call RBS evil. See some of the reasons why.

Nomi Prins: Trump’s Financial Arsonists

How Trump’s financial deregulators are arranging more gimmies to banks.