Nomi Prins: Gimme Shelter (From the Tax Man), Disappearing Money and Opportunistic Candidate
It should come as no surprise that none of the mainstream Presidential candidates stack up well on the issues of tax avoidance and evasion.
Read more...Category Archives: Banking industry
Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations
In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Consumer Financial Protection Bureau to Put End to Mandatory Arbitration for Consumer Loans, Credit Cards
Ding, dong, the witch of mandatory arbitration is (on its way to being) dead.
Read more...Randy Wray: Progressives Don’t Let Friends Vote Neocon
If you take a hard look at Clinton’s neocon policies, it’s far from obvious that she’s a less dangerous Presidential pick than Trump.
Read more...Will Clinton Attempt to Bring Sanders Supporters into the Democratic Fold?
“Sanders will be ignored and shunned.” Will be? This has been the game from the outset.
Read more...Michael Hudson: The Wall Street Economy is Draining the Real Economy
How Wall Street is interjecting itself into the economy so that more and more is diverted to pay interest, insurance and rent.
Read more...So Which Eurobank is Having Dollar Funding Problems?
Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
Read more...Watch Bill Clinton, Larry Summers, and Phil Gramm Have a Love Fest Over Repeal of Glass Steagall
Watch Bill Clinton heart financiers in 1998 and try to take it back in 2013.
Read more...Should Banks Be Worried About Apple Pay?
Will Apple Pay eat retail payment systems?
Read more...Tom Engelhardt: Donald Trump – Campaigning on America’s Decline
Trump’s campaign is proof of America’s decline….but not in the way you think.
Read more...Italy’s Atlas Bank Bailout Fund: The Shareholder of Last Resort
By Silvia Merler, former Economic Analyst in DG Economic and Financial Affairs of the European Commission (ECFIN) and an affiliate fellow at Bruegel. Cross-posted from Bruegel. In Greek mythology, Atlas the Titan was condemned by Zeus to eternally hold the weight of the sky on his shoulders. A mythological struggle that has recently made the […]
Read more...Weak Wall Street Pay Reform Proposals May Have Some Unintended Positive Effects
A long-overdue plan to reform Wall Street pay is seriously flawed but could have a positive effect in spite of itself.
Read more...Why I (Belatedly) Blew the Whistle on the SEC’s Failure to Properly Investigate Goldman Sachs
SEC whistleblower Jim Kidney gives more detail about his experience on the shallow investigation of Goldman and the SEC’s failings generally,
Read more...Wolf Richter: Investors Dump Hedge Funds Due to Lousy Performance, High Fees
Hedge funds are finally getting a long overdue comeuppance.
Read more...Soros Warns of 2008-Like Debt Growth in China. How Risky are Its Banks?
Is China as at much risk as Soros suggests it is?
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