Gaius Publius: Obama Follows Clinton, Boards the Millionaire Speech Train to Wall Street
Like Bill Clinton before him, ex-President Barack Obama has boarded the Wall Street-financed train to millionaire riches.
Read more...Like Bill Clinton before him, ex-President Barack Obama has boarded the Wall Street-financed train to millionaire riches.
Read more...WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.
Read more...Steven Mnuchin demonstrates that he is a shameless liar even by Goldman standards.
Read more...The One Belt One Road initiative holds great promise for the global economy, but will need a huge amount of finance. Initial presumptions that China would be able to provide all the finance are now unrealistic. Other partners should consider providing finance for some aspects, especially Europe – which has a lot to gain from the project.
Read more...Reuters discusses the challenge of moving off legacy systems. While the piece is a long overdue, it still seems more than a tad optimistic.
Read more...Yesterday, a federal judge blocked Aetna’s $34-billion acquisition of Humanam, citing concerns that their combined pricing power would raise costs to consumers.
Read more...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 […]
Read more...Over the past five years, global trade growth has been stagnant. With protectionist sentiment intensifying. Will this trend continue?
Read more...Coming to a municipality near you..
Read more...The New York Times’ Roger Lowenstein is so convinced of Wall Street’s and the SEC’s virtue that he can’t even be bothered to get facts right.
Read more...Another bailout of two of Spain’s franken-banks: mostly state-owned Bankia and wholly state-owned Banco Mare Nostrum (BMN).
Read more...Governments are losing the war on economic crime and considering new approaches, including involving the private sector to a greater degree.
Read more...Bank executives frequently proclaim that Wall Street is vital to the nation’s economy and performs socially valuable services by raising capital, providing liquidity to investors, and ensuring that securities are priced accurately so that money flows to where it will be most productive. There’s just one problem: the Wall Street mantra isn’t true.
Read more...Deutsche Bank’s $10Bn: the shell company back story
Read more...The costs of looting by the financial services industry are even more staggering than you probably imagined.
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