The Bank Whistleblowers United – Who are We, and Why are We Trying to Help Implement Real Banking Reform?
The stories of the four whistleblowers who came together to push for bank accountability in the next Administration.
Read more...Category Archives: Banking industry
Gaius Publius: A Non-Neoliberal Woman President Is Not One of the Choices
Hillary as a neoliberal is not your friend….unless you are a member of the 1% or on their meal ticket.
Read more...Another Hillary Falsehood: She Didn’t Tell Banks to “Cut it Out” Pre Crisis; She Blamed Homeowners
Hillary Clinton’s nose is getting so long that she needs to get a hacksaw.
Read more...Bill Black: Announcing the Bank Whistleblowers’ Group’s Initial Proposals
Bill Black is spearheading an important initiative by bank whistleblowers to combat fraud and other abuses by banks.
Read more...How Central Banks (and Even Keynes) Misled the Public About Banking and Money
How and why central bankers and conservative economists created the bogus “fractional reserve” and “debt intermediation” theories of banking.
Read more...Krugman’s Cowardly, Dishonest Attack on David Dayen Over Krugman’s Misrepresentation of Sanders’ Financial Reforms
Paul Krugman’s recent posts have been most peculiar. Several have looked uncomfortably like special pleading for political figures he likes, notably Hillary Clinton.
Read more...Wobbly Italian Banks May Get “Bad Bank” Resolution Vehicle
Italian banks’ extend and pretend game may be coming to an end.
Read more...Bill Black: Wall Street Declares War Against Bernie Sanders
The attacks on Sanders from Wall Street are getting ever more shrill….about time the felt some heat.
Read more...Money and Banking – Part 3
How the Fed balance sheet works and why what we, the public, consider to be money is a debt of the Federal Reserve. Part 3 of a series.
Read more...Funds Hold Most Cash Since GFC
Fund manager cash holdings are at crisis-bottom levels, typically a sound bullish indicator. But will history predict the future this time?
Read more...Geithner Ghostwriter Mike Grunwald Tries to Shift Financial Crisis Narrative Away From The Big Short
It’s sad that you have to be something of a detective to decipher what passes for content at most major American news outlets. In the case of Michael Grunwald, however, we have a decent set of indicators about the normally hidden agenda. The Politico writer worked with Tim Geithner on his memoir. In fact, I believe he has said publicly that he didn’t know a lot about finance before meeting Geithner. So when Grunwald decides to leap into anything involving this topic, we can assume the end result is not altogether different than what it would look like if Geithner wrote it with his own byline.
The latest example is a nominal review of The Big Short, which is not really a review. It’s an attempt to steer the narrative of what happened, in the financial crisis and its aftermath, to territory that comforts elites.
Read more...Money and Banking – Part 2
How the Fed balance sheet works and why what we, the public, consider to be money is a debt of the Federal Reserve.
Read more...Gaius Publius: Wall Street Reviews What Sanders Plans for Wall Street
An overview of the Sanders Big Finance reform proposal, and some of the ways it has been caricatured or flat-out misrepresented
Read more...Bond Investors Get Skittish as Record Wave of Acquisitions Push to Close Financings
Standard & Poors warns of the worst drop in the “net outlook bias” for bond investors since the financial crisis.
Read more...Why Larry Summers is Wrong and Bernie Sanders is Right on Glass Steagall
Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...