Greece and Creditors at Loggerheads Again; Troika Wants More Foreclosures
uropean creditors want to extract more blood from a stone, in this case Greece.
Read more...Category Archives: Banking industry
Don Quijones: “First They Came for the Pennies…” in the War on Cash
Governments and central banks must do away with the last remaining thing that gives people a small semblance of privacy, anonymity, and personal freedom.
Read more...Supervising Culture and Behavior at Financial Institutions
Financial regulators increasingly acknowledge organizational culture as a source of systemic risk, yet they have been loath to do more than influence compensation structures, since they do not want to be perceived to be interfering with management. This post describes a new approach in the Netherlands that
Read more...Who Benefits From Sovereign Debt Crises?
Even though the struggle over Greece’s bailout has receded from the news, with many countries carrying large debt burdens, the need to restructure sovereign debts is not going away. This Real News Network segment gives an overview of the state of play.
Read more...Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Read more...How Repo Works
A primer on repo, which due to its critical role in funding major dealer banks, is an important component of bank reform efforts.
Read more...Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...Elizabeth Warren on How Clinton Backed Student Loan and Mortgage Debt Slavery with Bankruptcy “Reform”
A sorry chapter of Hillary Clinton’s legislative record was her vote in support of the 2005 bankruptcy “reform” bill.
Read more...China’s Raging Bond Bubble Exposed
Yet another China risk warning.
Read more...Don Quijones: Barcelona Threatens to Print Parallel Currency, Madrid Seethes
Barcelona threatens to go rogue by issuing its own currency.
Read more...Negative Real Rates Signify a Broken Financial System
How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...Joe Firestone: Fiscal Myths of Campaign 2016
Most of the world, and most notably the United States, is in the grip of fiscal myths fostered by the ideology of neoliberalism. It’s time to debunk them.
Read more...Attacks on Sanders, Progressives Falsely Depict Obama As Lefty Failure as Opposed to Neoliberal Success
A sign that the progressive cause is moving out of the wilderness and starting to rattle The Powers That Be is that the messaging apparatus is starting to attempt to demonize Sanders as a hopeless cause. And the arguments made against him and the progressive cause generally are made via bizarre analogies to the neoliberal Obama.
Read more...Reformers Stymie Obama a Second Time on Wall Street Cronies: Progressive Pick Lisa Fairfax Nominated for SEC
The Wall Street wing of the Democratic party has taken a visible defeat with the nomination of Lisa Fairfax to the SEC.
Read more...Adam Levitin: Fighting for the Middle Class
How the deck is stacked against the middle class, and what it takes to change that.
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