Instability in Capitalist Economies and a Better Way to Think About Credit Risk
Instability in capitalist economies comes from the quest for profit. And that has implications for credit ratings that are often ignored.
Read more...Category Archives: Regulations and regulators
Private Equity Industry Offers Intelligence-Insulting Defenses for Long-Standing Grifting Due to Refusal to Register as Broker-Dealers
Private equity firms insist that they continue to violate broker-dealer requirements. Why? So they can carry on looting.
Read more...Congress Exposes That DoJ Overruled Recommendation to Indict Money Launderer HSBC Over Too Big to Fail Worries
Why money-launderer HSBC got off so easy in 2012: it had lots of official help.
Read more...Regulator Warns Commercial Real Estate Bubble Is Biggest US Bank Risk
By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.
Read more...Credentialism and Corruption: The Opioid Epidemic and “the Looting Professional Class”
The professional classes as a transmission vector in the opioid epidemic.
Read more...Deutsche Bank Chief Economist Joins SocGen Chairman in Trying to Foment Banking Crisis to Get Germany, Brussels to Blink
Why bank executives are stoking a banking crisis.
Read more...How the Corporate Food Industry Destroys Democracy
Vermont implemented a law to label goods containing genetically engineered ingredients, and it’s facing full-out attack from Monsanto.
Read more...Political and Financial Contagion from the Italian Banking Crisis: Italy’s Exit?
Eurocrat rigidity about half-baked, never-tested bail in rules could turn an Italian banking crisis into a full bore financial and political meltdown.
Read more...Brexit Empty Threats: The UK’s Fantasy of Becoming a Big Tax Haven
How a naive idea about the UK becoming a big fat tax haven to stick it to the EU reveals a lot about official and pundit thinking.
Read more...Quelle Surprise! SEC’s “Make the World Safer for Fraudsters” JOBS Act Does Little to Help Companies Raise Money
As we predicted, the JOBS Act is a flop. Here’s why.
Read more...Crisis After Brexit: Let Us Put An End to the Old Europe of Denigrators
Europe’s tall order for combatting Brexit: “What is called for is a union so good that people will want more of it.”
Read more...Bill Black: When Is Crime Not a Crime? When It Is White-Collar Crime
Yet another demonstration of how the media airbrushes out the very concept of white-collar crime.
Read more...Elizabeth Warren Opens Broad Attack Against Rent-Seeking Oligopolists Like Amazon, Apple, Google, Walmart, Comcast
Curiously, Elizabeth Warren is taking aim at powerful interests that are deeply loyal to Hillary Clinton. The plot thickens.
Read more...Why Income Inequality Will Get Worse Before It Gets Better
A reader critical thinking exercise! Debunk an article that justifies rising inequality in the guise of offering policy advice
Read more...Brexit: The Crisis Begins
The Brexit vote was a stunning repudiation of neoliberalism and austerity. But what comes next?
Read more...