Is Brexit Moment a Lehman Moment? Fear Factor in Financial Crises
Comparing the market reaction to Brexit with key events during the crisis.
Read more...Category Archives: Banking industry
How Finance Costs Too Much and Fails to Deliver
The costs of looting by the financial services industry are even more staggering than you probably imagined.
Read more...Will Italian Banks Tear Down Europe?
Will Italian banks be the detonator of a political and economic crisis?
Read more...Michael Hudson: William Goetzmann’s Money Changes Everything – A Travesty of Financial History Which Bank Lobbyists Will Applaud
Why William Goetzmann’s Money Changes Everything is unadulterated Austrian twattle.
Read more...Did the New York Times Really Need to Let Jamie Dimon Crow About the Measly Raise He Is Granting Employees?
Jamie Dimon throws JP Morgan workers some crumbs.
Read more...How Private Credit Rating Agencies Reinforce Global Economic Instability—and What We Can Do About It
A look at a fundamental point of failure in our financial system, rating agencies, and potential remedies.
Read more...Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries
Why money-launderer HSBC got off so easy in 2012: it had lots of official help.
Read more...Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk
By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.
Read more...Deutsche Bank Chief Economist Joins SocGen Chairman in Trying to Foment Banking Crisis to Get Germany, Brussels to Blink
Why bank executives are stoking a banking crisis.
Read more...How MBA Programs Drive Inequality
How MBA programs reinforced the inequality-promoting neoliberal economic model.
Read more...The UK Vote to Leave European Union
A judicious, high level overview of the Brexit vote and its implications, the big one being that it moves Britain to the right.
Read more...Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?
Eurocrat rigidity about half-baked, never-tested bail in rules could turn an Italian banking crisis into a full bore financial and political meltdown.
Read more...Bill Black: When Is Crime Not a Crime? When It Is White-Collar Crime
Yet another demonstration of how the media airbrushes out the very concept of white-collar crime.
Read more...Bill Black: BREXIT – Tony Blair
Tony Blair sides with the bankers and against the popular will. Quelle surprise!
Read more...Unfounded Debt Fears Block Economic Recovery
Debt scaremongering as voodoo economics.
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