Even by the low standards of necessity-driven bank mergers, the proposed tie up of Deutsche Bank and Commerzbank looks particularly dodgy.
Recent Items
Friday, October 3, 2025
Shotgun Marriage: Deutsche Bank and Commerzbank Discuss Merger
Topics: Banking industry, Doomsday scenarios, Europe, Politics, Regulations and regulators
Posted by Yves Smith at 3:02 am | 18 Comments »
“Middle Class” Once Meant Stability and Now Means Fragility
The middle class used to be the bedrock of American institutions. Now its members are coping with an uncertain future.
Topics: Banana republic, Free markets and their discontents, Guest Post, Health care, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 2:50 am | 75 Comments »
Seeking Feedback on Possible Meetups: DC on Thursday March 28, Milwaukee on Wednesday May 1?
Please react to some ideas for meetups!
Topics: Notices
Posted by Yves Smith at 2:45 am | 9 Comments »
Can Facebook’s Mark Zuckerberg Be Trusted To Turn Facebook into a “Privacy-Focused Communications Platform?”
Spoiler alert: No.
Topics: Guest Post, Media watch, Ridiculously obvious scams, Social policy, Technology and innovation
Posted by Lambert Strether at 2:25 pm | 39 Comments »
Links 3/17/19
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 254 Comments »
Who’s Behind Trump’s Claim the Green New Deal Will Cost $100 Trillion?
President Trump’s claim that the Green New Deal would cost $100 trillion can be traced back to the Manhattan Institute, a think tank backed by fossil fuel investor Paul Singer and companies like ExxonMobil.
Topics: Energy markets, Environment, Guest Post, Politics, Private equity
Posted by Lambert Strether at 6:45 am | 43 Comments »
TD Bank: America’s Most Inconvenient Bank
Why you should not bank at TD Bank.
Topics: Banana republic, Banking industry, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 1:38 am | 60 Comments »
Links 3/16/19
Topics: Links
Posted by Yves Smith at 6:55 am | 244 Comments »
Outsourcing Giant Interserve with 65,000 Employees Collapses
Another UK outsourcing implosion in just over a year….what gives?
Topics: Banana republic, Free markets and their discontents, Guest Post, Privatization, Ridiculously obvious scams, UK
Posted by Yves Smith at 3:11 am | 39 Comments »
Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices
A high-level discussion of some of the operational issues posed by a Green New Deal.
Topics: Doomsday scenarios, Economic fundamentals, Environment, Free markets and their discontents, Global warming, Guest Post, Macroeconomic policy, Politics, Regulations and regulators, Social policy, Social values
Posted by Yves Smith at 2:43 am | 81 Comments »
2:00PM Water Cooler 3/15/2019
Today’s Water Cooler: China trade, All Beto, All The Time, Sanders, Boeing 737 MAX debacle, manufacturing, employment, consumer confidence, OxyContin, robot cars, Tesla, Facebook, Bird, children’s climate strike, Caifornia drought-free, GND, WikiPedia, classical music, lucid dreams
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 245 Comments »
Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT
Funny how considering MMT brings out the worst in some people….
Topics: Free markets and their discontents, Guest Post, Macroeconomic policy, The dismal science
Posted by Yves Smith at 9:55 am | 39 Comments »
Links 3/15/19
Topics: Links
Posted by Yves Smith at 6:59 am | 252 Comments »
Brexit: The Kindness of Strangers
The Thursday Brexit votes put the UK officially at the mercy of the EU.
Topics: Brexit, Doomsday scenarios, Europe, Globalization, Politics, UK
Posted by Yves Smith at 6:22 am | 130 Comments »
Prominent CalPERS Beneficiaries Send Forceful, Savvy Objections to the Proposed Private Equity Scheme; Contrast With Canned Letters CalPERS Pressed Allies to Submit
As important stakeholders sound alarms, more evidence that CalPERS can’t make an honest case for its “new” private equity scheme and is calling in chips in a big way to cover for that.
Topics: CalPERS, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 1:45 am | 24 Comments »