Category Archives: Derivatives

Double Whammy: Implicit Subsidies and the Great Financial Crisis

Follow the subsidies, and you will understand why we had the crisis and why not enough has been done to prevent a recurrence.

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Pigs Want To Feed at the Trough Again: Bernanke, Geithner and Paulson Use Crisis Anniversary to Ask for More Bailout Powers

The chief architects of the exercise in looting otherwise known as the post-crisis rescues are back promoting more of the same.

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Financial Markets Have Taken Over the Economy. To Prevent Another Crisis, They Must Be Brought to Heel.

A detailed and well-argued explanation of how the growth in the role of financial markets has become destructive.

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Ending Too Big to Fail

Yves here. Remember the explosion of press coverage last year when incoming Minneapolis Fed member and former Goldmanite and Treasury official Neel Kashkari announced his intent to develop a plan to end the “too big to fail” problem. He not only was going to devote Minneapolis Fed researchers to his program, but solicited broad based […]

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