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...Category Archives: Banking industry
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.
Read more...Italy’s Bank Rescues Founder, With Small Savers and Prime Minister Renzi as Casualties
Italian banks may start bail-ins at the worst possible time for Matteo Renzi and his constitutional reforms.
Read more...The Retreat of Financial Globalization?
Financial globalization, meaning high levels of funds movement across borders, has fallen, and that’s a good thing.
Read more...Suspected 5th Columnist Streetwise Professor Knocks Blockchain… But Defends Elites
Why are self-styled progressive economists like the Streetwise Professor criticising Blockchain boosters but making excuses for our elites?
Read more...Panama Papers: The Role of Western Secrecy Jurisdictions in Looting Africa
Africa, despite having many of the poorest countries in the world, is nevertheless a capital exporter due to bank secrecy and tax gaming.
Read more...The Old Democrat Wall Street Plus Identity Politics Playbook is Dead
The Democrats need to reinvent themselves. Appeals to identity politics will not deliver enough votes.
Read more...Did the Farm Credit System Change Americans’ Thinking About Credit?
How and why the farm credit system served as the first Federal experiment in using cheap credit as an economic and policy tool.
Read more...Michael Hudson on Meet the Renegades
Michael Hudson gives a freewheeling interview on some favorite topics like rentier capitalism and why the Great Moderation wasn’t so great.
Read more...Bill Black: Wall Street’s Apologist-in-Chief Mansplains Regulation to Senator Warren
The New York Times’ Roger Lowenstein is so convinced of Wall Street’s and the SEC’s virtue that he can’t even be bothered to get facts right.
Read more...Thieves’ Picnic at Trust Bank: Russia’s Biggest Bank Heist Gets Worse, and Worsley
“Unprecedented in the history of Russian bank fraud…”
Read more...Why the ECB is Going to Print, Print, PRINT!
The ECB is set to dig its hole even deeper….
Read more...Nomi Prins: Hillary Clinton Will Continue the Big Bank Protection Racket
Hillary Clinton has apparently never met a well-heeled banker she didn’t like….
Read more...CFPB’s Project Catalyst Relies on Financial Innovation Fairy to Rescue the Underbanked
The CFPB’s Project Catalyst relies on the financial innovation fairy to produce consumer-friendly financial products rather than regulation.
Read more...Dean Baker: Rigged – How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer
Dean Baker explains how market structure, which results from policy choices, legislation, and regulation, serve the rich first and foremost.
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