War on Cash: State and City Governments Push Back
State and local governments are pushing back against cashless businesses, which exclude those who prefer to use or must pay with cash.
Read more...Category Archives: Banking industry
Trump Models His War on Bank Regulators on Bill Clinton and W’s Disastrous Wars
Why “partner” is the last word you want to hear from the mouth of a bank regulator.
Read more...Wolf Richter: “Severe Collapse” of Home Prices Might Trigger a “Financial-Institution Crisis” in Australia: OECD Frets about the Banks
Australia looks to be on the verge of a nasty unwind of its housing bubble. A plunge would damage not only its banks but also retirement funds, since banks play an outsized role in the Australian stock market.
Read more...Brexit: Tories Launch No Confidence Vote Against May
May looks to be hoist on her Brexit petard.
Read more...Bill Black: Who Said This? A Bank Fraud Quiz
Testing your knowledge of which top Federal officials have been tough and lax on bank fraud.
Read more...U.S. Treasury Sanctions Bitcoin Wallets For First Time
The long arm of US law reaches into bitcoin wallets.
Read more...Global Uncertainty Is Rising, and That is a Bad Omen for Growth
The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes.
Read more...The Global Financial Crime Wave Is No Accident
Financial crime is a feature of our global financial system not a bug, pioneering economist Susan Strange recognized.
Read more...Michael Hudson: “Moral Hazard” vs Mutual Aid – How the Bronze Age Saved Itself from Debt Serfdom
Bronze Age societies forgave agricultural debt to keep cultivators working on their land, able to pay taxes and work in the military and on public projects. Lenders were seen as greedy and exploitative.
Read more...Another Blow to the Biometric ID Fairy: Researchers Show ‘Master’ Fingerprints Can Bypass Smartphone ID Sensors
New research shows that ‘master’ fingerprints can bypass smartphone fingerprint ID systems – thus striking another blow at the biometric ID fairy.
Read more...IMF, Warren Sound Alarm on Leveraged Lending
Concerns are building over the extent of leveraged lending, among regulators and politicians and the private sector alike. Some, such as Sen. Elizabeth Warren see troubling signs that recall risks that triggered the Great Financial Crisis.
Read more...Everything You Thought You Knew About Western Civilization Is Wrong: A Review of Michael Hudson’s New Book, And Forgive Them Their Debts
Why debt unforgiveness is the original and incurable curse on our post-eighth-century-B.C. Western Civilization,
Read more...Is This Time Different? Examining Recent Emerging-Market Turbulence
Some emerging-market economies look wobbly. How likely are we to see more crises?
Read more...J.D. Alt: Treasury Bonds Are Future Dollars
Clearing up fundamental misconceptions about US Treasury bond issuance.
Read more...Wolf Richter: The State of the American Debt Slaves, Q3 2018
Consumer debt continues to grind upwards.
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