A broad coalition has taken the unusual step of opposing all of Obama’s five nominees to the Postal Service Board of Governors. But it’s the right move, given how terrible they are.
Read more...Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...The IT challenges of a Grexit are important not only in and of themselves, but as a window into the creaky state of bank IT and the systemic risk it poses.
Read more...Perry Mehrling’s post on the Fed’s progress in dealing with future market crises is damning, despite its “give everyone credit for what they have done” recap.
Read more...Why financial firm IT is a bigger and more imminent source of systemic risk than you might think.
Read more...In conference call with hedgies, Yanis Varoufakis claims to have had approval to plan a parallel banking system using the drachma: Plan B.
Read more...By Nathan Tankus, a writer from New York City. Follow him on Twitter at @NathanTankus Last week Mario Draghi held a press conference following the decision to raise ELA a paltry 900 million dollars for Greek banks. In that press conference he said many things but I’d like to focus on one passage that has gotten […]
Read more...Why the left is not doing itself, or the Greek people, any favors by minimizing the difficulties in converting to the drachma.
Read more...Why bank IT is more of a mess than you possibly imagined, and why that matters.
Read more...Solving the mystery of how a hotel guest’s bill in Greece came to be (briefly) denominated in drachmas.
Read more...Will China’s renminbi transition smoothly to reserve currency status, or not? And should it?
Read more...Nathan Tankus talks to YSI INET about a Grexit and Greece
Read more...A detailed explainer on how card systems work and what the impact of a drachma re-introduction would be for them.
Read more...It’s hard to find an official who is comporting himself very well in the wake of the Tsipras surprise announcement of a referendum on July 5 for a then-defunct bailout offer.
Read more...How modest homes in some of Scotland’s poorest areas became prolific ‘company factories’, and how those companies were used in a giant Moldovan bank fraud
Read more...