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...Category Archives: Banking industry
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.
Read more...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.
Read more...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.
Read more...Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers
It is not an exaggeration to call RBS evil. See some of the reasons why.
Read more...Nomi Prins: Trump’s Financial Arsonists
How Trump’s financial deregulators are arranging more gimmies to banks.
Read more...UK Consternation Over EU Not Accommodating City of London in Brexit…Just As It Said It Would Not Do
The UK financial services is being told “no” yet again….will the message finally sink in?
Read more...Mastercard Pushes Biometrics, Banks Follow
Mastercard and other financial services providers are aggressively promoting biometrics. Where are the vaunted EU privacy regulators?
Read more...Draghi’s Membership in Murky G30 Financial Group Under Fire
An official EU compliant about ECB chairman Mario Draghi puts the spotlight on a shadowy influence operation.
Read more...Does Bitcoin Have a Future?
Lambert here: Prosecution futures, as Yves has always said. By Marshall Auerback, a market analyst and Research Associate at the Levy Institute. Originally published at Alternet. Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent […]
Read more...In Brexit Tug-of-War, EU Aims at City of London’s Tax-Haven Empire
The Brexit row over banking is starting is to come out into open….
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