The financial services industry is about to get even more unnecessary, risk-feeding breaks, thanks in no small measure to Democrats.
Recent Items
Thursday, August 7, 2025
Elizabeth Warren Slams Democrats for Helping Gut Financial Regulations
Topics: Banana republic, Banking industry, Credit markets, Free markets and their discontents, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 4:00 am | 36 Comments »
Killing a Parasite, Part 2 — How to Implement Student Debt Cancellation
How to fix the student problem – now and going forward.
Topics: Banana republic, Guest Post, Politics, Student loans, The destruction of the middle class
Posted by Yves Smith at 2:17 am | 25 Comments »
2:00PM Water Cooler 3/5/2018
Today’s Water Cooler: Trump 2020, PA-18, Rules and Bylaws, services, Apple, Amazon, marijuana on NASDAQ, West Viriginia, applied mathematics
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 90 Comments »
Worksheet for the 2018 Midterms (Introduction)
A preliminary look at the 2018 midterms. Will the Democrats win control of the House?
Topics: Guest Post, Politics
Posted by Lambert Strether at 12:55 pm | 48 Comments »
Links 3/5/18
Topics: Links
Posted by Lambert Strether at 6:55 am | 192 Comments »
So Bad the DoJ Woke Up: Saline Bag Makers Look to Have Endangered Patients Via Illegal “Tying” and Price Gouging
Saline bags are a new example of medical industrial complex rent extraction that also put patients at risk.
Topics: Banana republic, Free markets and their discontents, Health care, Legal, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:45 am | 24 Comments »
Weak States: Causes and Consequences of the Sicilian Mafia
Why it might make sense to pay heed on what the Mafia hath wrought….
Topics: Banana republic, Economic fundamentals, Europe, Guest Post, Politics, Social policy, Social values
Posted by Yves Smith at 6:30 am | 17 Comments »
More Frequent Central Bank Communication Worsens Financial and Macroeconomic Forecasts
Too much communication from central banks to the market may be a problem, creating a cacophony of policy voices.
Topics: Banking industry, Guest Post, Macroeconomic policy, Regulations and regulators
Posted by Lambert Strether at 5:25 am | 4 Comments »
Notes on the West Virginia Teachers Strike of 2018
How this strike began, the current state of play, health care as a demand, solidarity, and the role of the Democrats
Topics: Guest Post, Health care, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Lambert Strether at 1:55 pm | 71 Comments »
Links 3/4/18
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 229 Comments »
Don Quijones: The Oligopolization of Food Supply Hits a Snag
If OKed by the European Commission, the Bayer and Monsanto mega-merger would create the world’s largest supplier of seeds and farm chemicals
Topics: Guest Post
Posted by Lambert Strether at 5:25 am | 17 Comments »
Links 3/3/18
Topics: Links
Posted by Yves Smith at 6:55 am | 265 Comments »
Even McKinsey Gets It: High Wages Improve Economic Performance
McKinsey is turning on neoliberal orthodoxy by advocating high employment, high wage, high demand policies.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, The destruction of the middle class, The dismal science
Posted by Yves Smith at 4:39 am | 45 Comments »
FinTech and Banks
Why FinTech will not be as disruptive as its promoters would have you believe.
Topics: Banking industry, Credit cards, Credit markets, Guest Post, Regulations and regulators, Technology and innovation
Posted by Yves Smith at 4:15 am | 15 Comments »
2:00PM Water Cooler 3/2/2018
Today’s Water Cooler: Tariffs, Texas primary, Howard Dean, consumer sentiment, “the story is changing,” West Virginia teacher’s strike
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 100 Comments »