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
Read more...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...Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...A sorry chapter of Hillary Clinton’s legislative record was her vote in support of the 2005 bankruptcy “reform” bill.
Read more...Yet another China risk warning.
Read more...Barcelona threatens to go rogue by issuing its own currency.
Read more...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...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...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...The Wall Street wing of the Democratic party has taken a visible defeat with the nomination of Lisa Fairfax to the SEC.
Read more...How the deck is stacked against the middle class, and what it takes to change that.
Read more...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...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...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.
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