Category Archives: Banking industry

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

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.