Anyone Want to Buy Deutsche Bank?
Some more reasons why Deutsche Bank looks like one to avoid
Read more...Category Archives: Regulations and regulators
Ex-Goldmanite , Now Minneapolis Fed President Neel Kashkari Calls for “Transformative” Changes to Banks, Ending TBTF, Even Regulating Them as Utilities
Astonishingly, Neel Kashkari really might mean a fair bit of his bold financial services industry reform talk.
Read more...Cyber Security and the Financial System – Why Technology Snake Oil Sells
How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.
Read more...Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?
Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.
Read more...Cyber Security and the Financial System – What Do Governments Want from the Banks?
Governments are combining aggressive, ambitious talk with a curious helplessness in warning banks they really should be Doing Something about terrorist risk.
Read more...Utilities Getting Regulatory Support for Screwing Solar Customers
Utilities, with regulatory backing, are working hard to turn homeowner investments in solar into economic white elephants.
Read more...Money and Banking – Treasury and Central Bank Interactions
The post studies how the Fed is involved in fiscal operations and how the U.S. Treasury is involved in monetary-policy operations. The extensive interaction between these two branches of the U.S. government is necessary for fiscal and monetary policies to work properly.
Read more...Bill Black: The Inaugural Financial Fraud Lemons of the Week Award Goes to DOJ
The inaugural lemons of the week award goes to the DOJ for depicting its humiliating settlement with Morgan Stanley as a triumph.
Read more...Eurobanks: The Probable Point of Failure as Systemic Stress Rises
Why Eurobanks are the most likely fracture point if current economic stresses continue.
Read more...How Many Flints? America’s Coast-to-Coast Toxic Crisis
Flint is just the tip of the iceberg of lead poisoning in America.
Read more...Money and Banking – The Fed and Monetary Policy
A very readable, information-rich post on what the Fed does and does not do, with emphasis on the nitty-gritty of monetary policy. If you are time-pressed, read the last item in the FAQ first, which is a terse item-by-item debunking of widely made, inaccurate statements about the Fed.
Read more...Why the Market Freakout About Bank Stocks is Well Warranted
Bad loans are not the only reason to worry about banks. ZIRP and negative interest rates will bleed them to death, and Eurobanks are at real risk of bank runs.
Read more...Capital Requirements: Another Odd Attempt to Declare Victory on Dodd-Frank
I suppose we’re going to have to deal with half-truths and logical stretches about Dodd-Frank right through until November, but Bernie Sanders’ focus on Wall Street has really ramped this up of late. The trajectory appears to be a show of proof of some sort, followed by a blog link from Paul Krugman, at which point the citation hardens into conventional wisdom. The version of this that began a few days ago with Wonkblog’s Matt O’Brien has a level of truth to it, of course, but I don’t think it reveals exactly what its endorsers think.
Read more...Jim Hightower: What Really Poisoned the Water in Flint, Michigan
Flint reveals that there is a much deeper contamination poisoning our country’s political morals.
Read more...Bill Black: How Many Lies Can the WSJ Pack into a Chart on Liar’s Loans?
Bill Black is not happy about the revisionist history on liar’s loans. And separately, this piece is a useful exercise in the critical reading of narratives.
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