Michael Hudson Talks to Ben Norton About SVB and Bank Failures
Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Read more...Category Archives: Risk and risk management
SVB and the Only Choice We Have
How the SVB bailout confirms the dedication of the elites to self interest only.
Read more...Satyajit Das: SVB Collapse and Bank Turmoil – Latest Chapter in the Unwinding
Peeling back more layers of the SVB implosion and its broader implications.
Read more...US Officials Make Non-Bailout Bailout of Silicon Valley and Signature Bank and Continue Class Warfare
An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.
Read more...Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
Post East Palentine rail safety reform proposals are embarrassingly unserious.
Read more...Jim Chanos: The Golden Age of Fraud in Finance
Famed short seller Jim Chanos discusses the ever-rising role of fraud in the US financial system and his views of China.
Read more...Why, Despite RAND’s Recommendation, the Ukraine War Is Unlikely to End in a Negotiated Settlement
The timing of a Blinken interview and a RAND paper release points to elite splits over Ukraine. Sadly the warmongers are still in charge.
Read more...Why Are We So Afraid of Nuclear Power?
Nuclear energy is greener than renewables and safer than fossil fuels. But people seldom make decisions based on facts.
Read more...Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance
More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.
Read more...A Crisis Is Looming For The U.S. Energy Grid
The US plans to further stress its grid with electricity vehicle demands, with no plans for upgrades.
Read more...FTX/Alameda’s Caroline Ellison and Gary Wang Sign Plea Deals for Seven Felonies in Hopes of Reduced Sentences; New SEC Filing Adds Charges Based on Deeming FTT a Security
More shoes drop in the FTX saga as Caroline Ellison and Gary Wang cooperate with officials and we get an idea of the tales they are telling.
Read more...Notes on SBF’s Indictment and SEC/CFTC Civil Suits, Incarceration, Meetup with Reality
SBF’s fortunes just took a big nosedive, or for the more jaundiced, got marked to market.
Read more...Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense
Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)
Read more...A Quick Note About Additional FTX Sleaze
Some shady FTX behavior that hopefully won’t be lost in the shuffle of new revelations.
Read more...The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story
A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.
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