Jamie Dimon Tells Us We Need to Leave Too Big to Fail Banks Alone
Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.
Read more...Category Archives: Regulations and regulators
Elizabeth Warren Flays Former Fed Official Who Saw No Evil on Subprime Loans, Currently Peddling Line That Regulation is Too Costly (to Banks, Natch)
Warren brutalizes a bank crony who has worn regulator’s clothes at the Fed and the Consumer Finance Protection Bureau. Ouch.
Read more...#panamapapers – Why Critic Craig Murray Needs the Scorecard Before He Can Name The Players
Craig Murray keeps jumping the gun with his panamapapers pieces
Read more...New Zealand’s FMA, the Breder Suasso Conundrum, Mossack Fonseca, and #panamapapers
A quick look at Breder Suasso, a New Zealand FSP with historic links to disreputable Panamanian law firm Mossack Fonseca
Read more...Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to Act
A new leak shows the IMF as the least bad actor of the Troika, which given its record as a neoliberal fist in third world countries, speaks volumes about European politics.
Read more...A Firm Elizabeth Warren Wants Examined for Statements on Fiduciary Duty Reform is Where the SEC’s Tainted Former Exam Chief, Andrew Bowden, Landed as General Counsel
Former SEC official Andrew Bowden, who resigned over looking too cozy with the SEC, is now general counsel at a firm in Warren’s crosshairs.
Read more...New Zealand Foreign Trusts and the Unaoil Scandal: More Chickens Coming Home to Roost, and They’re Big
First a political fracas in Malta, now a giant international bribery scandal: New Zealand Foreign Trusts cover themselves in more glory
Read more...Brexit: This is What We Call a Muppet Show
An update on the Brexit referendum.
Read more...The US is Beginning to Dominate Global Investment Banking: Implications for Europe
Europe’s banks are in retreat from playing a global investment banking role.
Read more...Private Equity Kingpins Whine as Stock Market Values Languish
What word best describes how distasteful it is to see obscenely rich men complain that they aren’t as rich as they think they ought to be? The subhead on a new Financial Times story on private equity tell us: “PE believes investors do not grasp their long-term cash flow generation capabilities.” In other words, this […]
Read more...Don Quijones: Brexit Meltdown at the Bank of England
The current and former governors of the Bank of England are singing from very different hymnals on the subject of Brexit.
Read more...How McKinsey Helped Turn Big Pharma into a Rent Extraction Business
How McKinsey contributed to the devolution of Big Pharma.
Read more...Bill Black Speaks to TaxCast About the Political Coalition Against Financial Regulation
This month’s TaxCast features Bill Black on the Whistleblowers United regulatory reform proposals plus why tax amnesties are a bad idea.
Read more...Mossack Fonseca: The New Zealand Connection
A little sniff at the New Zealand operations of notorious Panamanian law firm Mossack Fonseca
Read more...Banks Once Burned, Now Twice Shy About Taking on More Takeover-Deal-Related Junk Debt
Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.
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