How a new paper on HAMP manages, by not understanding the program. to whitewash it as well as promote financialization.
Read more...Michael Hudson on his themes of how banks are mainly funding real estate rather than the economy and the problem of failing to write down debt that can’t be repaid.
Read more...the possibility that the coupon payment on the CoCos issued by a single bank might be suspended led to very adverse dynamics in the entire market for CoCos that cannot be totally explained by banks’ fundamentals.
Read more...FICO is evil.
Read more...More sobering news on the student debt front.
Read more...This is Naked Capitalism fundraising week. 551 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and […]
Read more...A set of proposals on how to reduce the damage done by the overhang of student loans.
Read more...Puzzling out the markets have changed, and not changed, since the crisis.
Read more...A critique of the bad-model-induced fear-mongering over Italy’s proposed budget deficits
Read more...More discussion of the downside of having too much finance.
Read more...Toys ‘R’ Us will be back, albeit in a skinnied down form.
Read more...Puerto Rico shows how distress and grifting too often go hand in hand.
Read more...How Dodd-Frank left banks’ massive lending and safety-net subsidies intact.
Read more...BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris
Read more...In winning the trade battle with China, Trump may lose the war against inflation.
Read more...