Investors act as if they have a right to liquidity. The authorities are trying to get them used to the new normal of higher spreads and risks.
Read more...As Tsipras’ options narrow thanks to the revolt in his party, it is also becoming harder for even Merkel to forestall a default.
Read more...We thank readers for their considerable, valuable input on a recent call to action and discuss how we plan to use their ideas.
Read more...Elizabeth Warren just put SEC Chairman Mary Jo White firmly in her crosshairs.
Read more...Predictably, it never occurred to Andrew Ross Sorkin that being put in impossible ethical positions could be a cause of some of of Wall Street’s recent suicides.
Read more...We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...A report by the Volcker Alliance on financial reform is readable and meaty, and curiously dropped from media sight.
Read more...It appears that having the financial crisis analogue to the captain of the Titanic carry on in the stereotypical super-entitled Wall Street CEO manner was too much for the tender sensibilities of CNBC.
Read more...Current proposals to deal with the too big to fail problem fall way short as far as disarming derivatives risk is concerned.
Read more...Hudson’s so-called “Operation Vulture,” the strip-mining of what little is left of a functioning economy in Ukraine, comes straight out of the neoliberal playbook.
Read more...Three SEC whistleblowers have been proven right in charging Deutsche Bank with misreporting its biggest derivatives risk,. the bank, predictably, looks to have gotten off easy.
Read more...Yves here. I’m quite interested in reader reactions to this scheme. My big reservation is that the amount of the scrip devised by the authors, the TCC, has to be limited to the an amount of discount of future tax payments that is deemed to be credible. Given that Bill Mitchell has estimated that Greece […]
Read more...Mario Draghi is more and more visibly meddling in politics, yet another reminder that central bank “independence” is a fig leaf.
Read more...SEC Commissioner Kara Stein strikes again, this time to object to the SEC giving waivers to recidivist bank bad actors.
Read more...So why shouldn’t banks admit to criminal conduct? They get slap on the writs fines and no one goes to jail.
Read more...