Wolf Richter: How Banks Hurt the Real Economy – FDIC’s Hoenig to Senate
The FDIC’s Tom Hoenig takes up the thankless task of shellacking the latest self-serving whinge from Jamie Dimon.
Read more...Category Archives: Garrulous insolence
The Crapification of Air Travel, And Don’t Expect AMEX to Help, Either
The tale of a barcoded duffel bag that’s gone astray– and the crapification of the system for finding it. Booking via AMEX no help.
Read more...Gaius Publius: Obama Harvests His Presidency
Obama signs up to collect fat speaking fees from Wall Street for services rendered to the 1% during his presidency.
Read more...India’s “Bold Experiment With Cash”: Debunking Myths
India radical demonetization policy: Is this a decisive action against the black economy or an ill-considered, damagingly arbitrary act?
Read more...Ian Fraser: What the HBOS Fraud Tells Us About the State of British Banking
The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking
Read more...Things Just Got Serious in Europe’s War on Cash
Latest salvo on cash: European Commission explores setting a maximum limit on cash transactions, to apply cross-regionally from 2018.
Read more...The Global War on Cash – India’s Demonetization Debacle
India’s demonetization debacle has destroyed growth in what was the world’s fastest growing economy while failing to ferret out black money.
Read more...The Global War on Cash – Lessons from History
Introduction Regular readers will be fully up to speed on the Reserve Bank of India’s botched attempt at a handbrake turn style demonetisation thanks to Jerri-Lynn Scofield’s thorough coverage (see here, here and here for more background on this sorry tale). But the Indian government’s attempt at implementing a strategy of moving an economy away from physical cash […]
Read more...GT Group’s Protean Ian Taylor in the UK: Reuters’ Special Report on 43 Bedford Street, and More
An ignominious decade of UK company registration, illustrated by UK companies formed by Ian Taylor, an old friend from New Zealand
Read more...Japan Isn’t Playing Neoliberalism’s Word Games
Has the progressive left in western democracies forgotten how to embrace the mainstream? When I compare the approach which anti-neoliberal causes take in the U.S. and Europe with the approach taken by the same causes in Asian countries, especially Japan, I can only say yes, it has. One explanation for how pro-labor movements have been […]
Read more...Is Fiscal Policy for Prosperity Back in Place of Austerity?
Austerity appears to be quietly going out of fashion.
Read more...Deutsche Bank and a $10Bn Money Laundering Nightmare: More Context Than You Can Shake a Stick at
Deutsche Bank’s $10Bn: the shell company back story
Read more...Bill Black: Thomas Friedman Wants A “Center-Left” Democratic Party Based on Austrian Economic Myths
Thomas Friedman has managed to outdo himself on the downside.
Read more...Brexit Risk and Nigel Farage: We Know Where His Mouth is (“England”), But is His Money Offshore?
Is Nigel Farage’s wealth offshore? Is that why he’s so calm about Brexit?
Read more...New Zealand: Kea Street Cred and US$1Bn Promise Lures Kiwi to Front Very Peculiar Financial Service Providers
Another duo of wildly offbeat New Zealand Financial Services Providers
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