Category Archives: Banking industry

New Zealand’s FMA, the Breder Suasso Conundrum, Mossack Fonseca, and #panamapapers

A quick look at Breder Suasso, a New Zealand FSP with historic links to disreputable Panamanian law firm Mossack Fonseca

Is an Aussie Debt Crisis Around the Corner?

Australia’s macro numbers are looking more worrisome by the minute. Is this a trajectory to a debt crisis?

Brexit: This is What We Call a Muppet Show

An update on the Brexit referendum.

Negative Interest Rates – Are There Any Positives?

The more you look at negative interest rates, the harder it is to find anything to like.

The US is Beginning to Dominate Global Investment Banking: Implications for Europe

Europe’s banks are in retreat from playing a global investment banking role.

Don Quijones: Brexit Meltdown at the Bank of England

The current and former governors of the Bank of England are singing from very different hymnals on the subject of Brexit.

The Hidden Health Costs of the Global Financial Crisis

Why the hidden health cost of the financial crisis will span decades.

Bill Black Speaks to TaxCast About the Political Coalition Against Financial Regulation

This month’s TaxCast features Bill Black on the Whistleblowers United regulatory reform proposals plus why tax amnesties are a bad idea.

Yale Law Journal: “In Defense of ‘Free Houses'”

State court abuse of the principle of res judicata, out of reluctance to give borrowers “free houses,” encourages poor foreclosure practices and causes broader social harm.

Misunderstanding the Great Recession

How many of the textbook explanations of the Great Depression were proven wrong, yet despite that, were misapplied to the Great Recession.

Michael Hudson and Chris Hedges: The Real World Cost of Turning Classical Economics Upside Down

Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.

The Oil and Gas Fire Sale: How Bad Will Losses to Banks and Investors Be?

Energy-bust inflicted to banks and other lenders has only just begun to bite.

Michael Hudson on Debt Deflation, the Rentier Economy, and the Coming Financial Cold War

Michael Hudson speaks with Justin Ritchie on his favorite topics, such as debt deflation, austerity, classical economists on rentiers, and the coming financial cold war.

Banks Once Burned, Now Twice Shy About Taking on More Takeover-Deal-Related Junk Debt

Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.

Negative Interest Rate Conundrum

Why are central banks and governments opting for their unusual negative interest rate stance?