SEC Commissioner Kara Stein Issues Blistering Dissent on Waivers for Bank Recidivists
SEC Commissioner Kara Stein strikes again, this time to object to the SEC giving waivers to recidivist bank bad actors.
Read more...Category Archives: Banking industry
Matt Taibbi on Democracy Now: Banks Admit to Crimes, Pay $5 Billion, And Still No One Goes to Jail
So why shouldn’t banks admit to criminal conduct? They get slap on the writs fines and no one goes to jail.
Read more...Barney Frank Denies Earlier Reports That He Called for Weakening Dodd Frank Private Equity Reforms
Barney Frank says that he stands by Dodd Frank registration of private equity firms, walking back a widely-reported earlier remark that gave the industry great cheer.
Read more...Wall Street’s Nemesis, Benjamin Lawsky, to Resign in June
Yesterday was a sad day for American citizens. Benjamin Lawsky, the Superintendent of the New York State Department of Financial Services, announced that he was resigning in June.
Read more...Thomas Palley: Fraternity of Failure – The Alternative, as in Hillary Clinton, Version
Hillary Clinton does not want to talk about past economic controversies.
Read more...IMF Paper Finds That Too Much Finance is Bad for Growth
A new IMF paper strikes another blow against the idea that Big Finance is good for you.
Read more...Satyajit Das: The Power of Money
A new series of books on money gives an intriguing historical overview and winds up highlighting money as a implement of power relations.
Read more...Exit Strategy, Part One: ZIRP
Why exit from ZIRP has to precede exit from QE.
Read more...Bill Black: New Labour Leaders Want to Go Back to Blair’s Policies That Blew Up the UK
How Tony Blair sold deregulation, and why his bad prescription is so hard to kill.
Read more...Elizabeth Warren’s Trade Deal Fears Confirmed: Canada Uses NAFTA to Challenge Volcker Rule
Elizabeth Warren’s concerns about trade deals undermining financial regulations get an unexpected confirmation from Canada.
Read more...Greece Authorizes €750 Million Payment to IMF Despite Failing to Get Concession Sought [Updated]
Today, Greece blinked. But one unconfirmed report suggests the government got some eyewash.
Read more...Mr. Market Says Dodd-Frank Isn’t Working
One way to fix Dodd-Frank is to break up big financial firms.
Read more...Latest Award of Frederic Mishkin Iceland Prize for Intellectual Integrity: Former CBO Director Holtz-Eakin’s Garbage-In, Garbage Out Attack on Dodd Frank
As readers know all too well, there is so much obviously half-baked economic research that this site could turn itself over to shredding examples and only scratch the surface. But we have established the Frederick Mishkin Iceland Prize for Intellectual Integrity to highlight outstanding examples of economic shillery in which the attempt at analysis is obviously cooked so as to produce a pre-determined outcome.
Read more...Greece Says It Will Make IMF Payment Next Week As Stalemate Continues
Greece may succeed in avoiding a default next week, but it remains at loggerheads with its creditors.
Read more...Nomi Prins: The Clintons and Their Banker Friends
A good overview of the Clintons’ deep ties to Wall Street kingmaker Robert Rubin and other members of the Goldman mafia.
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