Italy Banking Crisis Is Also a Huge Crime Scene
While Italy’s banking crisis results from business loans gone dud in a shrinking economy, some of the banks were also up to no good.
Read more...Category Archives: Banking industry
The Fundamental Flaw in Muddied Brexit Thinking
Brexit negotiators seem clueless about how to get out of their own way. Here’s why.
Read more...British Press in a Tizzy that the EU Will Be Mean to the City of London in Brexit
The whinging from entitled Brits over the fact that the EU is playing Brexit hardball is getting annoying.
Read more...The Story That Russia Does Not Want You to See: The Rosneft Share “Sale” as a Sham Transaction
The widely-reported sale of a 19.5% stake in Rosneft to Glencore and Qatar looks like a sham transaction.
Read more...So Who Gets to Pay for Italy’s Banking Crisis?
The pretense that even Monte dei Paschi can be bailed out privately is being abandoned. So how will Italy’s sick banks be salvaged?
Read more...Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...Greece and Creditors in Showdown Again
Greece tried a surprise move to slip the creditors’ leash. Sadly, it’s not likely to succeed.
Read more...Italy Gets a New Prime Minister, But Not Yet a New Government, Let Alone a New Banking System
Italy just may be able to save Monte dei Paschi with “precautionary recapitalization,” but what next?
Read more...Europe’s Crisis Was Caused More By Reckless Lending Than By Reckless Spending
Remedies have failed to produced growth and lower indebtedness because they’re focused on protecting toxic behavior by banks in Europe’s core
Read more...Wolf Richter: Italians Vote “No,” Renzi to Resign, Banking Crisis Now Looking for Taxpayers
Will the failure of Renzi’s constitutional referendum and resulting political uncertainty finally force Italy’s banking crisis to a head?
Read more...Can Trump Fire CFPB’s Cordray on Day One?
Republicans have been hostile to the CFPB since its inception. Will Trump fire Cordray quickly– relying on an October court ruling?
Read more...Trump Picks Ex-Goldman Banker, Steve Mnuchin, Known as ‘King of Foreclosures’ to Head Treasury
Why you should be worried about the prospect of Steve Mnuchin as Treasury Secretary.
Read more...Trumpism Has Dealt a Mortal Blow to Orthodox Economics and ‘Social Science’
Why Trumpism caused mainstream ‘social science’ to fall like a house of cards.
Read more...Banks Whinge About Tougher EU Regulations to Reduce Too Big to Fail Risk
The Financial Times is a bit too sympathetic to poor oppressed banks facing tougher EU safety rules.
Read more...Michael Hudson: How Debt-Driven Home Price Increases Shafted Homeowners
Michael Hudson debunks the myth that rising home prices are always a boon to homeowners.
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