Jeff Connaughton: On to Iowa and New Hampshire
Former lobbyist, White House and Senate staffer Jeff Connaughton explains how Naked Capitalism had an impact after the crisis and continues to do so today.
Read more...Category Archives: Banking industry
Michael Hudson: The Paradox of Financialized Industrialization
The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.
Read more...How Much Money Does the 1% Have Hidden in Tax Havens?
UC Berkeley professor Gabriel Zucman is doing pathbreaking work on tax havens. HIs estimates of how much the rich hide in them are eye-popping.
Read more...Tom Engelhardt: The Fog of Intelligence, or How to Be Eternally ‘Caught Off Guard’ in the Greater Middle East
An in-depth look at the US’s big-ticket intelligence apparatus that can’t shoot straight in the Middle East. A bug or a feature?
Read more...Payday Lenders Pay Off the System So They Can Keep Ripping Off Borrowers
Paying a visit to payday lenders at one of their conferences.
Read more...The Financial Sector is Too Big
Has the financial sector become too large, absorbing too many resources, and enhancing instabilities?
Read more...Clinton Outdoes Tsipras in Kolotoumbas with Her Reversals on TPP, Bank Regulations
The big problem with Hillary is it is hard to believe she stands for anything other than her desire to exercise power. Her latest bout of opportunism only reinforces that notion.
Read more...Zeitgeist Watch: Wall Street Suicides and the Fear of Falling
Some ruminations about what bankers suicides say about Wall Street.
Read more...The Billion-Dollar Moldovan Bank Scam, Scottish Limited Partnerships, and the UK’s Anti-Money-Laundering Mess
The BBC follows up on the billion-dollar Moldovan bank scam, and Naked Capitalism kicks off a new series on money laundering in the UK
Read more...Michael Hudson on Parasitic Financial Capitalism
An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...Market Liquidity in Liquid Markets: Pitfalls and Trends
Market liquidity is all about smooth and rapid executions of large transactions. But why is it hard to keep big markets liquid? This column looks at liquidity in fixed-income markets, assesses new trends (as well as the EU’s new market instrument rules), and makes recommendations to policymakers to avoid illiquidity – a timely reminder that the social costs of illiquidity should not be underestimated.
Read more...Lawrence Wilkerson: “The Empire is in Deep, Deep Trouble”
Lawrence Wilkerson describes the path of empires in decline and shows how the US is following the classic trajectory.
Read more...Fight Over Postal Service Board Heats Up as Labor/Consumer Advocates/Minority Coalition Opposes Payday Lender Lobbyist, Privatization Backers
A broad coalition has taken the unusual step of opposing all of Obama’s five nominees to the Postal Service Board of Governors. But it’s the right move, given how terrible they are.
Read more...Nomi Prins: Trump’s Art of the Con – Busted Businesses and Conflicts of Interest
Pieces missing from Trump’s financial story that call into question both his skill as a dealmaker and his business acumen.
Read more...Glencore, Commodities Traders, and Systemic Risk
Mega commodities trader Glencore and its big peers are looking wobbly. How worried should you be?
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