No, Inflation Doesn’t Erode the Burden of Debts
Inflation doesn’t reduce the burden of debt, rather it may (or may not) accompany a rise in nominal worker income.
Read more...Category Archives: Regulations and regulators
Leading Pension Consultant PCA Shills for Private Equity Firms in CalPERS/CalSTRS Carry Fee Row
Pension consulting firm PCA tells some real howlers in trying to defend the failure of public pension funds like CalPERS to report the “carry fees” they pay.
Read more...David Sirota: Hillary Clinton Is Running Away from Her “Free Trade” Record
Yet again, HIllary Clinton tries to distance herself from her “sell out the middle class” policies, this time on “free trade”.
Read more...Bill Black: Republican Candidates Agree that the System is Rigged for the Rich
The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
Read more...China’s Stock Market Collapse
Those who are looking only at Greece and the crazy behaviour of the European Union may well be looking in the wrong direction to identify the next big crisis as it comes.
Read more...New York Department of Financial Services Slams Bank Fixer Promontory Group, Hitting it in Its Profits and Reputation
A decision by the New York State Department of Financial Services appears to be finally crimping the wings of this powerfully placed bank fixer. Promontory is being denied access to information that effectively locks it out of a large swathe of consulting work that is important to its business.
Read more...Republican Rank-and-File Lines Up Against Financial Regulation
Let us not kid ourselves that the Democratic party is also for the most part out to gut financial regulation.
The only reason that there is more space between Congressional Republicans and Democrats than usual is the pro-business, pro-bank “blue dog” wing of the Democratic party has gotten deservedly slaughtered in the last two Congressional elections for selling out what used to be the American middle class. So the more progressive-minded survivors are a bigger faction on a relative basis than they once were.
This Real News Network interview with Bill Black covers both a critical slice of the history of financial regulations (or more accurately, its rollback) as well as some of the current dynamics.
Read more...The Challenges of the Greek Crisis
An overview of how the Greek crisis is stressing international institutions as well as (sadly and predictably) Greece itself.
Read more...More on the Systemic Risk of Bank IT Systems
Why financial firm IT is a bigger and more imminent source of systemic risk than you might think.
Read more...Gaius Publius: One Way to Ease the Worldwide Water Crisis — End Privatization
“We have 15 years to avert a full-blown water crisis.” Why stopping privatization of water will help.
Read more...Dodd Frank’s 5th Anniversary Passes, But Should We Celebrate?
This Real News Network segment gives a detailed assessment of what Dodd Frank did and did not accomplish.
Read more...The Yellen Subsidy: Fed Chair Pumps for Keeping Financiers Fat Over Filling Potholes
Yellen tries conning journalists and the Great Unwashed Public in her defense of preserving the current level of Fed dividends to banks.
Read more...Reducing Risk-Taking by Regulating Bonuses: EU vs US Dodd-Frank
Bankers whinge about how much tougher their lives are in the post-crisis world. That is no small degree to central banks’ efforts to prop them up having caught up with their bottom lines
Read more...State Officials Try to Hide Their Private Equity Oversight Failures by Asking the SEC to Exceed Its Authority
Nothing like elected officials using letter-writing to a weak agency and asking it to exceed its powers to hide the fact that they aren’t willing to do their jobs. And this shirking of duties is particularly grating since these officials, most important of all John Chiang, the State Treasurer of California, Thomas DiNapoli, the New York State Comptroller, and Scott Stringer, the New York City Comptroller, are powerfully positioned to propose legislation to solve the problem they are trying to fob off on the SEC.
Read more...Gaius Publius: Goldman Sachs – Masters of the Eurozone
Goldman Sachs wields more power in the Eurozone than you think. And it’s not hard to guess who benefits.
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