CalPERS’ staff is trying to railroad the board with a not-very-well-thought out idea of an “independent” private equity venture.
Read more...How a banking union has created deep divisions that undermine the Eurozone’s stability.
Read more...Capitalism is probably already insolvent.
Read more...On the connection between money, and in particular monetary sovereignity, and the criminal justice system.
Read more...The CFPB takes a modest but important step to rein in fraud against consumers, which has banks hoppin’ mad.
Read more...The latest debt data out of China adds to the expected end-game of a big reversal of fortunes.
Read more...The widespread use of English law in financial contracts poses yet another set of tricky post-Brexit issues.
Read more...The Eurogroup doubles down on Greek debt extend and pretend, to its members political advantage and at great cost to Greek citizens.
Read more...Recent vintage auto loan securitizations are going rancid, and for good reason.
Read more...Banks are champing at the bit to get Dodd Frank “reform,” when for many, the changes will actually increase their costs.
Read more...Trump and the Republicans are moving forward with deregulation plans that serve big bank bottom lines, not the broader economy.
Read more...Market consequences of latest banking crisis in Spain, triggered by the collapse of housing prices that caused plunge Banco Popular shares to plunge.
Read more...Despite the high cost of financial crises, the world seems no closer to making needed reforms.
Read more...Students as the new NINJA creditors, and the broader implications of the use of debt as an instrument of social control.
Read more...The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
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