Roiled Repo Markets: Looking for Answers in All the Wrong Places
If you are worried about repo, you are worried about the wrong thing. If anything, it’s a symptom of too much liquidity demand from the FX swaps market.
Read more...Category Archives: Regulations and regulators
German Finance Minister Pumps for EU-Wide Deposit “Reinsurance” But Expected Details Mean Lots of Gaps Likely
The lead story in the Financial Times tonight is that Germany’s finance minister Olaf Scholz is pushing for an EU-wide deposit scheme…of sorts. Even though Scholz’s plan appears to be more modest than the headlines indicate, even a halting move towards EU-level fiscal commitments would be a significant departure from Germany’s traditional stance of barring […]
Read more...Public Pension Funds Criticized for Profiting From Private Equity’s “Surprise Billing” Abuse
Surprise billing is such a widespread abuse that it is managing to bring private equity chicanery and public pension funds’ tacit support of it to long-overdue public attention.
Read more...Flip Flop: UK Halts Fracking in England, Effective Immediately, Over Earthquake Fears
UK halts all fracking in England with immediate effect. On its face, a big win, but will the Tories make the moratorium permanent?
Read more...California Nursing Home Residents Told To Find New Homes
A nursing home case study in profiteering.
Read more...‘Is This About the Oil Industry?’ House Oversight Hearing Explores Big Oil’s Role in Weakening Clean Car Standards
Oil industry lobbies to weaken emissions standards, deploying “public interest groups” that are mere mouthpieces for fossil fuel companies.
Read more...Phase One of Grenfell Tower Inquiry Released, Towers Not Up to Code, Suggestions for Firefighters
Hot takes on the Phase One Grenfell Towers report, which makes good suggestions for the firefighters and determines that the Towers were not up to code, and what should happen in Phase Two.
Read more...Waste Watch: Single Use Plastics, Please Ban Them, Now
Why we need single-use plastics bans: to save us from our worst selves; plus a positive development on the recycling front.
Read more...The Sanders Plan to Legalize Marijuana Does More Than Legalize Marijuana
Discussion of comprehensive Sanders plan to legalize marijuana: legal and political implications.
Read more...Elizabeth Warren’s Plan-itis: Excessive Lobbying Case Study
A hard look at a Warren plan reveals a lot not to like.
Read more...Wall Street Has Been Gambling With Student Loan Debt For Decades
As the student debt crisis continues to mount, major financial institutions are making record profits from student loan asset backed securities.
Read more...California Blackout: Turning the Lights Off
So first came the blackout….
Read more...Why Have Facebook and Other Tech Giants Gotten Away With Gobbling Up Competitors?
Why have regulators sat pat as Big Tech companies like Facebook and Google have done deals that look like violations of antitrust law?
Read more...Drug Watchdog Finds $5.1 Billion in Price Gouging on 9 Drugs
Another indictment of drug pricing.
Read more...Climate Change: New York AG Takes Exxon to Trial This Week; Massachusetts Poised to Follow
New York begins climate change trial against Exxon Monday; meanwhile, Massachusetts is readying its own action.
Read more...