Goodbye Fiduciary Rule? Department of Labor Delays Implementation Until June
Implementation is now delayed until June, yet the steps many firms have taken to comply suggest the fiduciary rule will survive in some form.
Read more...Category Archives: Banking industry
John Michael Greer, James Howard Kunstler, Chris Martenson, Frank Morris, and Dmitry Orlov Discuss Trump, the Inequality Taboo and Other Hot Topics
A lively panel with provocative and colorful views.
Read more...President of Richmond Fed Leaks Insider Information and Gets to Walk Free
Bill Black discusses the travesty of the kid glove treatment of former Richmond president Jeffrey Lacker in a leak of FOMC information.
Read more...Italian Banks: Not Quiet on the Eastern Front
Never before have I seen the condition of a bank’s finances (in this case liquidity) described as “hemorrhagic”. Italians beware!
Read more...Ilargi: Our Economies Run On Housing Bubbles
A look at the long-term role of home price bubbles in multiple countries.
Read more...Why Has Italy’s Banking Crisis Gone Off the Radar?
An update on Italy’s festering bank crisis.
Read more...MIchael Hudson: The Democracy Collaborative
Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
Read more...Wells Fargo Gets An Additional $110 Million Wrist Slap Over Fake Accounts Scandal
Wells will wind up paying far more in consumers via a private settlement of its fake account scandal than regulators made it cough up to them
Read more...Bill Black: Why Did Preet Bharara Refuse to Drain the Wall Street Swamp?
If you still doubt that Bharara and other federal prosecutors could have gone after bank executives but chose not to, this should settle it.
Read more...Italy at the Grim Edge of a Global Problem (Updated)
With the average 20-year-old Italian now looking to wait 18 years before living independently, who will support Italy’s pensioners?
Read more...Michael Hudson: Trump is Obama’s Legacy. Will this Break up the Democratic Party?
The Democratic Party will keep losing as long as it remains the party of “no hope or change” for the 95%.
Read more...Magnus: China Must Reform or Bust
China’s debt markets are looking more and more like the West, circa 2007. And it’s not clear the government can intervene as successfully.
Read more...Taxcast: Staggering Expense of Finance Sectors, Brexit
On Tax Justice Network’s Taxcast, Professor Gerald Epstein weighs in on the cost and dangers of major finance centers.
Read more...Commercial & Residential Real Estate Bubble Again a Risk to Financial Stability; Fed’s Rosengren Worried
Real estate is again looking like a ticking time bomb. At super low interest rates, pray tell what does the Fed do if it blows up again?
Read more...Taking on Trump’s Agenda: Nine Tough Questions for SEC Chair Nominee Jay Clayton on the Eve of His Confirmation Hearings
Risk your rice bowls! My riposte to pearl-clutching white shoe lawyers calling on Trump SEC nominee to denounce Trump visa ban.
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