Don Quijones: Could Italy’s Banking Crisis Drag Down Mario Draghi?
Mario Draghi was governor of Italy’s central bank from 2005 to 2011, overseeing the now very sick banking system. Will his past haunt him?
Read more...Category Archives: Banking industry
More Brexit Delusion: May’s “Exit Tab” Surprise, Davis’ City Scheme v. More Customs Alarms, Tech Brexodus
Yet more sobering Brexit sightings.
Read more...Trump Gets Chance to Reshape CFPB
Trump will soon name a replacement for CFPB director Richard Cordray; rule-making and enforcement priorities will become more bank-friendly.
Read more...Don Quijones: The Next Italian Bank Threatens to Topple
Health of Italian banks remains fragile, with several teettering; resolution or taxpayer-funded bailout appears increasingly likely.
Read more...Artificial Intelligence and the Stability of Markets
AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.
Read more...Nomi Prins: Steven Mnuchin, Foreclosure King of America
A summary of the many reasons to view Treasury Secretary Steve Mnuchin with contempt.
Read more...New EPA Lawsuit Policy Advances Trump’s Deregulatory Agenda
Trump deregulatory agenda advances, via agency decisions, and a new EPA lawsuit policy to stymie regulation by litigation.
Read more...The Nation Depicts a Mortgage Vulture Who Foreclosed on Homeowners as an FDR-Like Hero To Demonize Chase When It Was Actually Helping Homeowners
The Nation and author David Dayen lionize a mortgage vulture, telling a story as wrong as it is possible to be in its thesis and details.
Read more...Falling Pound Might Not Bring UK Trade Balance Boost
More confirmation that a cheaper pound won’t help the UK’s trade balance.
Read more...Student Loans: Teacher Horror Story a Reminder of Failure to Fix Broken Servicing Model
Democrats fiddle as lousy servicing of student loans further harm borrowers.
Read more...Michael Hudson: Socialism, Land and Banking: 2017 Compared to 1917
Why did socialism lose out in the 20th century to rentiers promoting neoliberalism?
Read more...CFPB Issues Payday Lending Rule: Will it Hold, as the Empire Will Strike Back
How big a victory is the CFPB’s new payday lending rule for consumers of financial services? And will it hold– as the industry fights back.
Read more...Biometric ID Fairy: A Misguided Response to the Equifax Mess that Will Only Enrich Cybersecurity Grifters and Strengthen the Surveillance State
Surrendering biometric information and fancy technology provide no panacea for the problems revealed by the Equifax hack.
Read more...Catalonia: Puigdemont Promises Secession in Days as King Censures Officials Acting Outside the Law
Gaming out possible moves by Spain if Catalonia proceeds with its secession plan.
Read more...Trump Says Puerto Rico Debt Needs to be Wiped Out
Trump speaks an inconvenient truth about Puerto Rico. How long before his minders walk it back?
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