SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm
No matter how bad you think things are at the SEC, you routinely find out that they are worse, as a recent conference revealed.
Read more...Category Archives: Regulations and regulators
After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It
Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.
Read more...Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative
Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.
Read more...Michael Hudson: Warning to Europe – How the TTIP Threatens Public Health Care and Pensions
Why the TTIP poses a wide-ranging threat to European health and pension policies.
Read more...Germany Blinks on Giving Debt Relief to Greece….or Did It?
Despite press reports to the contrary, in this year’s game of chicken over the Greek bailout, it looks like the IMF, and not Germany, blinked.
Read more...Where is Amy Klobuchar? How Democratic Indifference is Squandering a Unique Moment on Antitrust Policy
It’s been a good few weeks for opponents of further market concentration. Oil services firms Halliburton and Baker Hughes called off their merger amid a Justice Department lawsuit. New rules on corporate inversions led to an abandonment of the Pfizer-Allergan merger. The White House issued a directive to federal agencies to take steps to foster competition, with an opening salvo of ending the monopoly of cable set-top boxes. The Economist, of all places, started agitating for increased competition amid record corporate profits. The antitrust movement, in short, has gone mainstream.
Read more...The Minimum Wage Increases = Job Loss Myth
Repeat after me: study after study shows that minimum wages increases don’t lead to job losses.
Read more...TTIP: We Were Right All Along
The European Commission’s claim that the TTIP is aimed at ‘help[ing] people and businesses large and small” is shown to be a flagrant falsehood.
Read more...Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations
In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Consumer Financial Protection Bureau to Put End to Mandatory Arbitration for Consumer Loans, Credit Cards
Ding, dong, the witch of mandatory arbitration is (on its way to being) dead.
Read more...“Free Trade” in Trouble in the United States
“Free trade” policies, in a world of substantially liberalized trade, no longer elicit knee-jerk support. About time.
Read more...Bill Black: Free Markets Mean Zero Economic Profit – or a 99% Profit Markup
How “free market” ideology produces companies like Valeant, which Warren Buffett’s partner Charlie Munger called a “sewer,” “corrupt,” and “criminal.”
Read more...Greenpeace Leak Exposes Big EU-US Rifts, US Thuggishness, in TTIP “Trade” Negotiations
A leak of a major set of TTIP documents may throw a spanner in the works of a deal that is already contested in the US and EU.
Read more...Randy Wray: Progressives Don’t Let Friends Vote Neocon
If you take a hard look at Clinton’s neocon policies, it’s far from obvious that she’s a less dangerous Presidential pick than Trump.
Read more...So Which Eurobank is Having Dollar Funding Problems?
Which Eurobank has led the ECB to tap its dollar swap line with the Fed?
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