US Billionaire Naguib Sawiris and his Contrack Watts, a major US defence contractor, turn out to have ties to North Korea, via an amazingly profitable mobile phone company
Read more...Central counterparties, also known as central clearinghouses, were supposed to reduce systemic risk. That story is not playing out according to its script.
Read more...The stories of the four whistleblowers who came together to push for bank accountability in the next Administration.
Read more...Bill Black is spearheading an important initiative by bank whistleblowers to combat fraud and other abuses by banks.
Read more...Why the crisis in Flint, Michigan is about race and class, and the American nightmare of metastasizing inequality of wealth and power.
Read more...Italian banks’ extend and pretend game may be coming to an end.
Read more...Every year the SEC delivers an annual report right around the holidays that gets virtually forgotten by everyone. But a tipster highlighted one part of the document that matches recent research about the way in which the agency plays with numbers. Urska Velikonja, assistant professor at Emory School of Law, released the study late last […]
Read more...It’s sad that you have to be something of a detective to decipher what passes for content at most major American news outlets. In the case of Michael Grunwald, however, we have a decent set of indicators about the normally hidden agenda. The Politico writer worked with Tim Geithner on his memoir. In fact, I believe he has said publicly that he didn’t know a lot about finance before meeting Geithner. So when Grunwald decides to leap into anything involving this topic, we can assume the end result is not altogether different than what it would look like if Geithner wrote it with his own byline.
The latest example is a nominal review of The Big Short, which is not really a review. It’s an attempt to steer the narrative of what happened, in the financial crisis and its aftermath, to territory that comforts elites.
Read more...An overview of the Sanders Big Finance reform proposal, and some of the ways it has been caricatured or flat-out misrepresented
Read more...A good, high level discussion of the dangers of the investor state dispute settlement process in the TPP and the TTIP.
Read more...Larry Summers, acting as a proxy for Team Clinton, attacked Sanders’ reform proposals, particularly the an updated Glass Steagall. Her’s why Summers is wrong.
Read more...China appears to be in denial that it can’t have more open financial markets and maintain the same degree of control over the economy that it once enjoyed.
Read more...The TTIP could jeopardize the ability of the European Union and the United States to put in place the proper regulations to meet climate targets.
Read more...How stealthy groups with ties to Big Pharma are lobbying to stymie proposals to stop the overprescription of opoids.
Read more...PG&E, America’s biggest utility, is a case study in the power of monopoly and regulatory capture.
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