Timothy Geithner Corrupting Youth, Um, Telling His Version of the Crisis
In case living through the crisis and its aftermath wasn’t bad enough, you can hear Timothy Geithner’s version of events…at your expense.
Read more...Category Archives: Federal Reserve
Wolf Richter: “Distress” in US Corporate Debt Spikes to 2009 Level
Experts expected bankruptcies of highly levered borrowers in 2013-2014, but cheap refis under ZIRP bailed them out. We are again at peak leverage, but this time, there’s no prospect of lower rates to provide a rescue.
Read more...Banks to Have Fed Dividends Clipped to Pay to Fill Potholes; JPMorgan, Bank of America the Biggest Losers
Banks suffer a symbolically important loss as Congress plans to whack their dividends from the Fed.
Read more...Wolf Richter: Fed Trips over Eye-Popping Commercial Real Estate Bubble, Accidentally Looks, Sees “Early Signs” of “Search for Yield”
Commercial real estate has been on a tear that looks to have much more to do with cheap money than real economy prospects.
Read more...Liquidity Traps as Black Holes
Beware! Liquidity traps are even nastier than you thought.
Read more...Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Foreign Banks Such as Deutsche Using Variant of Lehman “Repo 105” Balance-Sheet Tarting Up Strategy
Read more...Michael Hudson: How the U.S. Avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street
Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...Negative Real Rates Signify a Broken Financial System
How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...Bernanke’s Cockroaches
Every time I read a new, improved set of excuses from people like Bernanke, I feel like I’ve walked into my kitchen and turned on the lights after the exterminator paid a visit, only to find cockroaches all over my counter yet again.
Read more...Michael Hudson on Parasitic Financial Capitalism
An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.
Read more...Will Banks “Cough Up Executives” in the Treasury Bid-Rigging Scandal?
The Department of Justice may face an early test of its long-overdue policy change, that the government will seek to prosecute individuals, including executives, in a simmering Treasury bid-rigging scandal
Read more...Wolf Richter: Bankers Threaten Fed with Layoffs if it Doesn’t Raise Rates
Yes, banks really do want the Fed to raise interest rates.
Read more...Low Unemployment with Falling Capacity Utilization… Not a Good Sign for Fed Liftoff
Why the Fed should delay its long-anticipated “liftoff”.
Read more...Perry Mehrling: What Does Repo Do? And Can We Do Without It?
Repo is the system that failed during the financial crisis, leading the Fed to ride to banks’ rescue. Is repo any safer now?
Read more...MMN Event This Monday: Politics, Corruption, and Campaign Finance
The Modern Money Network presents Politics, Corruption, and Campaign Finance: Electoral Machines as part of its “Money” seminar series. WHEN Monday, September 14, 12:00 PM EDT. WHERE William and June Warren (“Big Warren”) Hall, Room L-107 (Basement), Columbia University between 115th Street and 116th Street on Amsterdam Avenue, New York, NY. See map for details. […]
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