Category Archives: Banking industry

Martin Wolf Defends Central Banks’ Negative Interest Rate Policies

The Financial Times’ lead economics writer, Martin Wolf, makes an intellectually bogus case for negative interest policies.

Krugman Kinda, Sorta Retracts a Key Part of Last Friday’s ‘Sanders Over the Edge’ Op-ed

Being Paul Krugman means never having to say you’re sorry.

Housing’s “Deadly Embrace” in Financial Cycles

The IMF argues that regulating mortgages is not sufficient to prevent housing booms and busts.

John Helmer: Brookings Launches Unguided Missile – The Panama Papers as Putin Plot

Brookings issued an astonishing report, and not in a good way, about the Panama Papers.

Fed Suddenly Having Emergency Meetings as European Banks Also Wobble

The Fed is suddenly looking very nervous, and by contrast, the Europeans don’t seem anywhere nervous enough on the banking front.

Caesars Bankruptcy Fight Over Alleged Fraudulent Transfers Opens Window on Private Equity Looting

Creditor suits against private equity kingpins Apollo and TPG for the failed Caesars’ deal have already revealed a lot of dirt, with more sure to follow.

#panamapapers Offshore Funds: On the Run With (Almost) Nowhere to Go?

The owners of offshore funds really might be seeing their comeuppance.

Paul Krugman Crosses the Line

Krugman is increasingly discrediting himself as a commentator on economics.

#panamapapers: Questioning the Picture Painted in the WSJ’s Interview With Jürgen Mossack

A sceptical look at Jürgen Mossack’s WSJ interview

Ireland: a Recovery Built on Sand

How official statistics exaggerate Ireland’s performance, largely due to its status as a tax haven/offshore financial center.

North Carolina Knowingly Allows Fox to Run State Pension Henhouse

North Carolina takes a big step backwards by allowing its sole state pension trustee take jobs that create glaring conflicts of interest.

Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone

Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.

Elizabeth Warren Flays Former Fed Official Who Saw No Evil on Subprime Loans, Currently Peddling Line That Regulation is Too Costly (to Banks, Natch)

Warren brutalizes a bank crony who has worn regulator’s clothes at the Fed and the Consumer Finance Protection Bureau. Ouch.

#panamapapers – Why Critic Craig Murray Needs the Scorecard Before He Can Name The Players

Craig Murray keeps jumping the gun with his panamapapers pieces