Hoisted From Comments: Decoding the Misleading Metaphors of Money and Banking
How the choice of metaphors to describe money, finance, and banking is a part of the battle for ideas too often overlooked.
Read more...Category Archives: Banking industry
Podcast: Iceland – Offshorisation, Collapse and Recovery. What Are the Lessons?
A discussion of the role that offshore played in Iceland’s banking bubble and implosion, plus a high level corruption scandal in Spain.
Read more...Bill Black: Bank of England Says Authorities Mustn’t Fine Banks Because Groaf
The Bank of England offers an easily-debunked defense of predatory and fraudulent lending.
Read more...Blackstone’s Tony James Touting What Looks Like Hillary’s Scheme to Gut Social Security
Hillary’s mandatory retirement savings accounts are a twofer: a way to replace Social Security over time and enrich private equity and hedgies.
Read more...A Framework for Thinking About Bad Loans
How to determine whether or not to write down troubled loans.
Read more...Perfect Hindsight: on Breder Suasso of NZ and elsewhere, Global Transaction Services, of Hong Kong, Georgia (US) and London, mBank and Pekao Bank SA of Poland, and Ceska Sporitelna AS of the Czech Republic
This is Naked Capitalism fundraising week. 793 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Read more...Why Italy’s Banking Crisis is Spiraling Out of Control
Even by the standards of European kick-the-can-down-the-road exercises, measures to stave of an Italian banking crisis are really slapdash.
Read more...Yes, We’re Sorry About the PayPal
Why Naked Capitalism is, through gritted teeth, left with no realistic alternative than to take donations through the dreadful PayPal
Read more...How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud
The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.
Read more...Naked Capitalism: Getting Through the Stupids to the Important
How Naked Capitalism is the antidote to media short-termism that otherwise allows powerful interests to control information flows.
Read more...CFPB Looks Here to Stay: What Does the Future Hold?
A decision by the D.C. Circuit Court of Appeals overturning the CFPB director structure allows the agency to pursue its ongoing policy and enforcement agenda. With separate new regulations on payday lending and mandatory arbitration expected soon, will consumers finally get the more effective financial product regulation we deserve?
Read more...Almost Nobody Is Satisfied With Wells Fargo CEO John Stumpf’s Overdue Departure
While John Stumpf has finally departed Wells Fargo, the bank hasn’t made moves consistent with serious change.
Read more...Social Democracy, the “Third Way,” and the Crisis of Europe, Part 3
A discussion of why the center-left failed to revive in Europe after the crisis. Some of the reasons apply to the US as well.
Read more...Appeals Court Ruling That CFPB’s Structure Is Unconstitutional: A Stealth Win?
A scary-sounding ruling leaves the CFPB largely unscathed, and in some key ways, ahead.
Read more...RBS Looted Small Business Customers, Deliberately Driving Thousands in Bankruptcy, While Under Government Ownership
How RBS destroyed thousands of small UK businesses for fun and profit.
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