Why limited liability for banks is not such a hot idea.
Recent Items
Thursday, June 12, 2025
Bankers’ Liability and Risk Taking
Topics: Banking industry, Free markets and their discontents, Guest Post, Legal, Regulations and regulators, Risk and risk management
Posted by Yves Smith at 3:07 am | 8 Comments »
2:00PM Water Cooler 10/8/2018
Today’s Water Cooler: China trade realpolitik, Kavanaugh and the midterms, “An Evening with the Clintons,” Google exposed user data, Teamsters contract, Roman ships, Banksy memes
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 144 Comments »
Brexit Derivatives Risk: Did the City Overplay Its £38 Trillion Hand?
Novating UK derivatives contracts entered into by EU clearinghouse members is a ginormous mess, particularly in a Brexit crashout. But how serious a mess?
Topics: Brexit, Derivatives, Doomsday scenarios, Dubious statistics, Europe, Politics, Regulations and regulators, UK
Posted by Yves Smith at 9:55 am | 18 Comments »
Links 10/8/18
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 251 Comments »
Brexit Crunch: Is the EU Trying to Save the UK from Itself? Is That Even Possible?
Brexit reaches the”overly dynamic” phase.
Topics: Brexit, Doomsday scenarios, Europe, Politics, UK
Posted by Yves Smith at 4:30 am | 37 Comments »
Don Quijones: Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies
Who will blink first as Italy’s anti-establishment coalition government takes on the EU establishment in a struggle that could have major ramifications for Europe’s monetary union and Italian banks.
Topics: Banking industry, Europe, Politics
Posted by Jerri-Lynn Scofield at 4:25 am | 14 Comments »
How Are We Doing on a ‘Green New Deal?’
Could a Green New Deal make enough of a dent in greenhouse gas emissions to halt global temperature increases?
Topics: Doomsday scenarios, Economic fundamentals, Global warming, Guest Post, Politics
Posted by Yves Smith at 2:28 am | 54 Comments »
Waste Watch: US Dumps Plastic Rubbish in Southeast Asia
Now that China has banned imports of plastic waste for recycling, US plastic waste exports to southeast Asia surge.
Topics: Banana republic, China, Environment, Globalization, Guest Post, India, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 12:55 pm | 29 Comments »
Links 10/7/18
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 182 Comments »
Is India on Its Way Out of Poverty?
Jayati Ghosh, professor of economics at Jawaharlal Nehru University in New Delhi, discusses a recent UNDP report showing that poverty in India has halved in the last 10 years, and the newly unveiled healthcare plan for the bottom 40% of the population, nicknamed “Modicare.”
Topics: Guest Post, Health care, Income disparity, India, Social policy
Posted by Jerri-Lynn Scofield at 1:30 am | 7 Comments »
Links 10/6/18
Topics: Links
Posted by Yves Smith at 6:55 am | 244 Comments »
With the World on the Line, Scientists Outline the Paths to Survival
Scientists will deliver an urgent warning with the issuance of the latest IPCC reports, starting next week. But will politicians and the public respond?
Topics: Doomsday scenarios, Environment, Global warming, Globalization, Guest Post, Politics
Posted by Yves Smith at 3:32 am | 108 Comments »
Costing the Country: Britain’s Finance Curse
More discussion of the downside of having too much finance.
Topics: Banana republic, Banking industry, Credit markets, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Regulations and regulators
Posted by Yves Smith at 3:18 am | 22 Comments »
2:00PM Water Cooler 10/5/2018
Today’s Water Cooler: China trade war, Kavanaugh, ballot measures. “grievance studies,” corporate fascism, employment situation, international trade, blockchain bills of lading, spy chips, tomatoes, Hypocausts, Internet of Sh*t
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 193 Comments »
Inequality Represents a Wasted Opportunity for Poverty Reduction
If poverty is falling, why you should still care about what happens to inequality.
Topics: Dubious statistics, Economic fundamentals, Guest Post, Income disparity, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 13 Comments »