Italy Guns For Glass-Steagall-Type Law to Break Up Banks, Cut Bailout Costs for Taxpayers
Italy pushes for some bold banking reforms….but how far can it get given the wobbly state of its banks and ECB hostility?
Read more...Category Archives: Banking industry
Michael Hudson: Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony
Trump’s neocon extremists are burning the US dollar house down.
Read more...Marshall Auerback: In Antitrust, Size Isn’t Everything
Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.
Read more...Brexit “Singapore on the Thames” Fantasies
A jaundiced look at “Singapore on the Thames,” yet another barmy Brexit idea.
Read more...MMT’s Opening
Another go at clearing up press and pundit misrepresentations of MMT.
Read more...Kamala Harris, Opportunist to the Core: Launches Prez Bid on MLK Day, Since She Has to Remind People She’s Black After Criminalizing Truancy, Keeping CA Prison Rolls Up to Provide Cheap Labor; Sends Tone-Deaf, Narcissistic Campaign E-mail
Kamala Harris seems to assume that voters are easy marks.
Read more...Brexit: Blame It on the Banking Crisis
The parts of the UK hit hard by post-crisis austerity had a strong tendency to vote for Brexit.
Read more...Kamala Harris Tells Big Lie: That 2012 Mortgage Settlement Was a Good Deal for Homeowners
Kamala Harris’ supposed big accomplishment, of getting California a better deal in the 2012 mortgage settlement, isn’t anything to boast about.
Read more...Wolf Richter: Markets Are in a Tizzy. So What Will the Fed Do?
What will the Fed do next, now that investors have finally started to react to its tightening of monetary policy, after years of somnolent money-making?
Read more...How the International Monetary Fund Imposes Its Economic Policies on Argentina
The IMF has a long history of strong-arming the direction of Argentina’s policies and economy.
Read more...Michael Hudson: The Vocabulary of Economic Deception
Michael Hudson gives a wide-ranging interview, discussing the importance of euphemism in obscuring power relationships and exploitation.
Read more...The UK’s Reform of Limited Partnership Law: Dead on Arrival (I)
Scottish Limited Partnerships and International Crime: NO evidence??
Read more...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...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.
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