President of Richmond Fed Leaks Insider Information and Gets to Walk Free
Bill Black discusses the travesty of the kid glove treatment of former Richmond president Jeffrey Lacker in a leak of FOMC information.
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Small California Towns Are Facing Off Against Oil Companies — And Winning
California towns are winning David. v. Goliath battles with oil companies.
Read more...Richmond Fed’s Jeffrey Lacker Departs Due to Leak: Defenestration as Coverup?
In a stunning development, Richmond Fed president Lacker resigned over a leak under investigation since 2012. The details are not pretty.
Read more...Italian Banks: Not Quiet on the Eastern Front
Never before have I seen the condition of a bank’s finances (in this case liquidity) described as “hemorrhagic”. Italians beware!
Read more...Why Has Italy’s Banking Crisis Gone Off the Radar?
An update on Italy’s festering bank crisis.
Read more...MIchael Hudson: The Democracy Collaborative
Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
Read more...Why Is FTI Consulting Making It Look Like Apollo Overpaid Its Real Estate Execs $50 Million?
FTI Consulting appears awfully casual about how it handles confidential client information, and in the process has done Apollo no favors.
Read more...Trump Can’t Save Coal
Why Trump isn’t bringing coal jobs back.
Read more...Wells Fargo Gets An Additional $110 Million Wrist Slap Over Fake Accounts Scandal
Wells will wind up paying far more in consumers via a private settlement of its fake account scandal than regulators made it cough up to them
Read more...CalPERS, CalSTRS, Other Investors Have Indemnified Private Equity Criminal Conduct Even Though Fiduciary Counsels Say No
CalPERS board member JJ Jelincic confirms yet another major lapse by private equity investors.
Read more...How Monopolies Stymie Political Activism: The Case of Black-Owned Businesses
Black businessmen and political thinkers long recognized that monopolies threatened their communities and their ability to serve as activists,
Read more...Bill Black: Why Did Preet Bharara Refuse to Drain the Wall Street Swamp?
If you still doubt that Bharara and other federal prosecutors could have gone after bank executives but chose not to, this should settle it.
Read more...Trump Approves Keystone XL Pipeline, Making Good on Campaign Promise
Although additional regulatory approvals, lawsuits, and protests loom, the controversial Keystone XL pipeline now looks likely to proceed.
Read more...Airline Cabin Laptop Ban: More Security Theater?
US + UK ban laptops and other electronics from cabin baggage on flights from Mid East: Why? Airlines scramble in response, lame jokes ensue.
Read more...Trump EPA Cuts Will Hamper Efforts to Enforce Lead Standards for Drinking Water
TRNN interview with Erik Olson discussing water safety in the US, where 18 million people are served by water systems with lead violations.
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