Perry Mehrling: The Fuss about Market Liquidity
I am SO glad to see this post appear. It’s annoying to see investors and banksters whine that they want more liquidity, as if that were a right.
Read more...Category Archives: Banking industry
Turbulence and Stability in Financial Markets: China in Recent Times
China is a case study of how liberalization of financial markets has never contributed to stability.
Read more...The Decline in Market Liquidity
While the Fed isn’t worried about the fall in market liquidity, experts argue that if investors make abrupt changes in their portfolios, the lack of liquidity could produce a crisis.
Read more...Greece Says It Has Reached a Deal with Creditors; New Research Says Germany Comes Out Ahead from Lending to Greece Even with 100% Default
Greece and its creditors have reached agreement on key terms for a so-called “third bailout”
Read more...Bill Black: Republican Candidates Agree that the System is Rigged for the Rich
The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
Read more...China’s Stock Market Collapse
Those who are looking only at Greece and the crazy behaviour of the European Union may well be looking in the wrong direction to identify the next big crisis as it comes.
Read more...New York Department of Financial Services Slams Bank Fixer Promontory Group, Hitting it in Its Profits and Reputation
A decision by the New York State Department of Financial Services appears to be finally crimping the wings of this powerfully placed bank fixer. Promontory is being denied access to information that effectively locks it out of a large swathe of consulting work that is important to its business.
Read more...Libor Trader Sentenced to 14 Years for Market Manipulation. So What About His Bosses?
While it’s gratifying to see former UBS trader Tom Hayes go to jail for large-scale Libor bid rigging, his bosses had to have known what he was up to. So when will we see their indictments?
Read more...Republican Rank-and-File Lines Up Against Financial Regulation
Let us not kid ourselves that the Democratic party is also for the most part out to gut financial regulation.
The only reason that there is more space between Congressional Republicans and Democrats than usual is the pro-business, pro-bank “blue dog” wing of the Democratic party has gotten deservedly slaughtered in the last two Congressional elections for selling out what used to be the American middle class. So the more progressive-minded survivors are a bigger faction on a relative basis than they once were.
This Real News Network interview with Bill Black covers both a critical slice of the history of financial regulations (or more accurately, its rollback) as well as some of the current dynamics.
Read more...Testing the Global Central Bank Swap Network
Central bank swaps are in some ways quite similar to a standard commercial FX swap, but the differences are important and significant.
Read more...More on the Systemic Risk of Bank IT Systems
Why financial firm IT is a bigger and more imminent source of systemic risk than you might think.
Read more...More on the IT Implications of a Grexit
Why it will probably take no less than three years to do the IT implementation related to a Grexit.
Read more...Dodd Frank’s 5th Anniversary Passes, But Should We Celebrate?
This Real News Network segment gives a detailed assessment of what Dodd Frank did and did not accomplish.
Read more...Greece Negotiations Already Starting to Look Wobbly
Silly me! I thought that given that the Greek government had prostrated itself and had complied with the creditor demand to pass legislation double-plus quickly or else, that the worst of the hurdles to getting the third bailout passed had been surmounted.
I should know better than that.
Read more...The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
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