How US Regulators Created the Equifax Mess
How regulators made credit bureaus like Equifax powerful, and why banks could live without them if they needed to.
Read more...Category Archives: Banking industry
Bill Black: Is Politico or Third Way More Divorced from Reality?
The Third Way confirms that the Dems care more about beating back the Sanders/pro middle class faction than winning.
Read more...Don Quijones: ECB Tightens Noose Around Bank Accounts
ECB moves to lock up the money of unsuspecting depositors to prop up collapsing banks.
Read more...Big Business Dominates Brexit Negotiations
Nick Dearden discusses how Brexit ministers in the UK had six corporate lobby meetings for every one meeting with civil society groups.
Read more...Global Banks Sabotage Uruguay’s Efforts to Legalize Marijuana
A state-owned bank of a sovereign nation just decided to put draconian US legislation before a law adopted by the Uruguayan parliament.
Read more...India’s Demonetization: No Impact on Black Money Despite Huge Costs It Imposed
India’s demonetization exercise was for naught, with the RBI reporting last week a scant 1% of banned notes not converted into new currency.
Read more...Nomi Prins: A Decade of G7 Central Bank Collusion – and Counting..
Why central bank snake oil and financier-favoring interventions have done great harm to ordinary people.
Read more...Trump Treasury Dept Renews Modest Real Estate Anti-Money Laundering Regs
Trump’s Treasury Dept renews and modestly extends real estate money laundering reg– which fails to address the scope of dirty money issues.
Read more...Dean Baker: Social Security A Success Story- Can It Withstand Privatization Attacks?
Dean Baker discusses the push toward privatization of Social Security just after the system celebrates its 82nd birthday.
Read more...NC Classic: The Tinkerbell Market
A classic from our market commentary in the runup to the financial crisis.
Read more...UK Bank IT Train Wreck Demonstrates Why Algos Can Be a Terrible Idea
Not only are algos not magic bullets, but there are times they can only make things worse, as UK subprime lender Provident shows.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely
WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...Crisis Revisionist History: Redating of Onset to Make Behind the Curve Central Bankers Look Better
It would be nice if people who made pronouncements about the financial crisis knew what they were talking about.
Read more...Trump as “Consequence, Not Cause” of the Collapse in the Post Cold War Consensus
How press and pundit fixation on Trump diverts public attention from power structures that work against ordinary Americans.
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