Monthly Archives: February 2012

February 29, 2012

• Mark Ames: Why is Ron Paul’s Superpac Headquartered in Mitt Romney’s Backyard?
  by Yves Smith 4:27 pm

• Satyajit Das: Pravda The Economist’s Take on Financial Innovation
  by Yves Smith 11:59 am

• Cathy O’Neil: Economists Don’t Understand the Financial System (Quelle Surprise!)
  by Yves Smith 6:55 am

• Links Leap Year Day
  by Yves Smith 5:04 am

• Brace Yourself for Election-Driven Enforcement Theater: Token Roughing Up of Crisis Bad Banksters, While Corzine Gets a Free Pass
  by Yves Smith 4:18 am

• Yet Another Mortgage Scam: Homeowners Not Getting Cancelled Notes After Foreclosures, Hit by Later Claims
  by Yves Smith 2:40 am

• Philip Pilkington: Vote or Die! – The Coming Irish Election Blackmail
  by Yves Smith 12:15 am

February 28, 2012

• Links 2/28/12
  by Yves Smith 4:59 am

• Adam Davidson Praises Economic Exploitation
  by Yves Smith 3:32 am

• Matt Stoller: Towards a Creditor State – One in Seven Americans Pursued by Debt Collectors
  by Matt Stoller 3:16 am

• Philip Pilkington: Sexual Politics and Child’s Play – The Absurdity of Game Theory
  by Yves Smith 12:49 am

• Michael Hudson: 2,181 Italians Pack a Sports Arena to Learn Modern Monetary Theory – The Economy Doesn’t Need to Suffer Neoliberal Austerity
  by Yves Smith 12:15 am

February 27, 2012

• Bank of America Wins Venue Appeal in $8.5 Billion Mortgage Settlement
  by Yves Smith 5:05 pm

• Chris Cook: The Oil End Game
  by Yves Smith 2:54 pm

• Matt Stoller: Wall Street Fixer Rodge Cohen – Big Banks’ Key to American Global Dominance
  by Yves Smith 2:30 pm

• Abigail Field: Insider Says Promontory’s OCC Foreclosure Reviews for Wells are Frauds. Brought to You by HUD Sec. Donovan
  by Yves Smith 6:55 am

• Links 2/27/12
  by Lambert Strether 6:50 am

• Michael Olenick: Debunking the “Housing Has Bottomed” Meme
  by Yves Smith 1:13 am

• Matt Stoller: Warren Buffett Says “Hormones” Will Fix the Housing Crisis
  by Matt Stoller 12:49 am

February 26, 2012

• Alternative Banking Group Accepts Invitation to Meet With Citigroup CEO, Vikram Pandit
  by Yves Smith 11:11 pm

• Michael Hudson: A Planned Economy for the 1%
  by Lambert Strether 7:37 pm

• Edible forests
  by Lambert Strether 9:00 am

• Links 2/26/12
  by Lambert Strether 6:50 am

• Wolf Richter: Greece, “The Bottomless Barrel,” As Germans Say
  by Yves Smith 1:34 am

February 25, 2012

• Have Labour Will Travel
  by Lambert Strether 6:50 pm

• Links 2/25/12
  by Yves Smith 4:39 am

• Robert Shiller Has Arrow-Debreu Derangement Syndrome
  by Yves Smith 4:23 am

• ECB President Draghi Declares War on Europe’s Social Safety Nets
  by Yves Smith 1:40 am

February 24, 2012

• Links 2/24/12
  by Yves Smith 6:21 am

• Spinning Necessity as a Virtue: Families to Stand in for Fragmenting Social Safety Nets
  by Yves Smith 4:51 am

• Fannie Putting More Dubious New Loans Back to BofA, So BofA Will Stick Them to Freddie Instead
  by Yves Smith 2:53 am

• Occupy the SEC Discusses Volcker Rule on RT
  by Yves Smith 1:50 am

February 23, 2012

• Links 2/23/12
  by Yves Smith 5:07 am

• Tom Deutsch of American Securitization Forum Finally Gets His Comeuppance: Pimco and Likely Other Investors Quit
  by Yves Smith 2:49 am

• Philip Pilkington: Ireland – The Problem Isn’t Ignorance
  by Yves Smith 12:56 am

• Izabella Kaminska: Why MMT is Like an Autostereogram
  by Yves Smith 12:47 am

February 22, 2012

• Paul Mason of BBC on How Austerity is Reducing Greece to Developing Country Status
  by Yves Smith 8:09 pm

• John O’Brien: Mortgage Settlement Fails to Address Banking Criminal Enterprise
  by Yves Smith 6:09 am

• Links 2/22/12
  by Yves Smith 3:45 am

• Politico: Schneiderman Caved to Administration Pressure on Mortgage Settlement, Did Not Get Tighter Release for Abandoning Opposition
  by Yves Smith 3:09 am

• Will Expiration of Tax Break Render Much of Mortgage Settlement Moot?
  by Yves Smith 2:25 am

• Wolf Richter: Now a Housing Bubble in Germany
  by Yves Smith 12:34 am

February 21, 2012

• Philip Pilkington: The Liquidity Trap and All That…
  by Yves Smith 6:30 pm

• Neil Barofsky on Taxpayer Subsidies to the Mortgage Settlement
  by Yves Smith 5:26 pm

• Links 2/21/12
  by Yves Smith 6:59 am

• Satyajit Das: It’s All Greek to Me!
  by Yves Smith 6:11 am

• Quelle Surprise! Servicers Rip Off Investors as Well as Homeowners
  by Yves Smith 5:53 am

• More Foreclosure Mischief: Bankruptcy Hijackings
  by Yves Smith 4:17 am

February 20, 2012

• Otherwise Good WaPo Article on Modern Monetary Theory Marred by Undeserved Praise of Roosevelt Institute
  by Yves Smith 8:02 pm

• “Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis? “
  by Yves Smith 5:23 pm

• Links 2/20/12
  by Yves Smith 1:13 am

• Michael Olenick: Shocking Economic Insight – Mass Foreclosures Will Drive Down Home Prices
  by Yves Smith 12:40 am

• Navigating Global Prosperity: An Interview with Paul Davidson
  by Yves Smith 12:15 am

February 19, 2012

• Links 2/19/12
  by Yves Smith 4:41 am

• San Francisco Foreclosure Audit Elicits Predictable Responses from Securitization Mess Deniers
  by Yves Smith 3:36 am

February 18, 2012

• Congress Pushes Iran Regime Change Over Diplomacy
  by Yves Smith 11:22 pm

• Can Rep. Bachus and His Money-Crazed Congressional Colleagues Be Stopped from Insider Trading?
  by Yves Smith 10:35 pm

• Links 2/18/12
  by Yves Smith 3:53 am

• How Neoliberalism Changed Economic Development: The Examples of India and China
  by Yves Smith 1:39 am

• Conviction of Ex-Goldman Programmer Overturned
  by Yves Smith 1:13 am

February 17, 2012

• Links 2/17/12
  by Yves Smith 4:39 am

• Consumer Financial Protection Bureau Launches “Make Life Easier for Lobbyists” Tool
  by Yves Smith 3:13 am

• Greece is Out of Time, Again
  by Yves Smith 1:55 am

• Wolf Richter: François Hollande Versus the German Dictate
  by Yves Smith 12:20 am

February 16, 2012

• Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement
  by Yves Smith 8:04 pm

• Links 2/16/12
  by Yves Smith 3:56 am

• Austerity Policy Destroying Greek Society
  by Yves Smith 3:52 am

• Philip Pilkington: The Delicate Balance of Terror –How Neoclassical Economics Deploys Psychotic Reasoning to Explain Human Behavior
  by Yves Smith 3:34 am

• Quelle Surprise! San Francisco Assessor Finds Pervasive Fraud in Foreclosure Exam (and Paul Jackson Defends His Meal Tickets Yet Again)
  by Yves Smith 12:05 am

• Chinese Credit Growth Slows Significantly
  by Yves Smith 12:02 am

February 15, 2012

• Cathy O’Neil: How Big Pharma Cooks Data –The Case of Vioxx and Heart Disease
  by Yves Smith 6:55 am

• Links 2/15/12
  by Yves Smith 1:58 am

• HUD’s Donovan Tells Remarkable Whoppers About Settlement to Mortgage Investors
  by Yves Smith 1:47 am

• New York Creates New Foreclosure Courts to Clear Backlog
  by Yves Smith 12:37 am

February 14, 2012

• Philip Pilkington: Pension Provider to British Government – “QE Actually Does Kill Demand!”
  by Yves Smith 10:18 am

• Links 2/14/12
  by Yves Smith 2:54 am

• Occupy the SEC’s Comment Letter Objects to Excuses for Watering Down Volcker Rule (#OWS)
  by Yves Smith 1:13 am

• What to do About Apple and Fraud Friendly Manufacturing in China?
  by Yves Smith 12:42 am

February 13, 2012

• Quelle Surprise! Administration and State Attorneys General Lied, Mortgage Settlement Release Described as “Broad”
  by Yves Smith 5:38 pm

• Bizarre Department of Justice Disclaimer for Mortgage Settlement Website
  by Yves Smith 5:33 pm

• 4:00 TODAY: Occupy the SEC March to the Fed and the SEC: Enforce the Volcker Rule!
  by Lambert Strether 8:28 am

• Links 2/13/12
  by Lambert Strether 6:50 am

• The Global Minotaur: An Interview with Yanis Varoufakis
  by Yves Smith 2:57 am

• Marshall Auerback: Greece – A Default is Better Than the Deal on Offer
  by Yves Smith 12:20 am

February 12, 2012

• The killing of Greece
  by Lambert Strether 11:22 pm

• Pavlina R. Tcherneva: Why the Job Guarantee is Superior (Wonkish)
  by Lambert Strether 5:30 pm

• Egyptians Call for National Strike and Civil Disobedience Marking Mubarak’s Downfall
  by Lambert Strether 11:00 am

• Links 2/12/12
  by Lambert Strether 6:50 am

February 11, 2012

• Europe’s black cygnets
  by Lambert Strether 7:54 pm

• Mortgage Settlement as Attorney General Sellout: Deal is Not Done, and Final Version Guaranteed to be Worse Than Advertised
  by Yves Smith 6:55 am

• We Will Be on Harry Shearer’s Le Show Tomorrow
  by Yves Smith 6:09 am

• Links 2/11/12
  by Yves Smith 4:40 am

• “By 2015, [X] is Going to Represent 95% of the Content on the World Wide Web”
  by Yves Smith 1:47 am

February 10, 2012

• The Grexit is coming sooner or later
  by Edward Harrison 3:26 pm

• What the Mortgage Deal Reveals About The Obama Administration
  by Edward Harrison 2:28 pm

• We Speak on Democracy Now About the Mortgage Settlement
  by Yves Smith 11:29 am

• Marshall Auerback: Greece and the Rape by the Rentiers
  by Yves Smith 11:12 am

• Links 2/10/12
  by Yves Smith 1:45 am

• Philip Pilkington: Keeping the Sharks at Bay – More than One Way to Do a Bailout
  by Yves Smith 12:10 am

February 9, 2012

• The Wages of Austerity: Superbug Runs Wild in Greek Hospitals
  by Yves Smith 10:37 pm

• Will Government Bank Mortgage Deal Help or Hinder Prosecutions?
  by Yves Smith 5:48 pm

• Your Humble Blogger is on NBC News Tonight and Democracy Now Tomorrow
  by Yves Smith 5:44 pm

• Settlement Breakdown by State Plus Other Official Propaganda
  by Yves Smith 10:12 am

• Links 2/9/12
  by Yves Smith 5:16 am

• The Top Twelve Reasons Why You Should Hate the Mortgage Settlement
  by Yves Smith 4:25 am

• Philip Pilkington: The Upcoming Greek ‘Deal’ – Recognition of Reality or Complete Evasion of the Truth?
  by Yves Smith 1:24 am

• Wolf Richter: Angela Merkel’s Desperate And Risky Gamble
  by Lambert Strether 12:59 am

February 8, 2012

• Mortgage Settlement Pretty Much a Done Deal as New York and California Join
  by Yves Smith 8:23 pm

• Wired’s Embarrassing Whitewash of Foxconn
  by Yves Smith 4:35 am

• Links 2/8/12
  by Yves Smith 2:10 am

• Mortgage Settlement Wrangling Continues, Banks Balking at Schneiderman MERS Suit
  by Yves Smith 1:25 am

February 7, 2012

• Marshall Auerback: The Elephant in the Room is Spain, Not Italy
  by Yves Smith 6:14 pm

• Philip Pilkington: What Has Bill Gross Been Reading?
  by Yves Smith 4:51 pm

• Green Bronx Machine
  by Yves Smith 11:05 am

• Links 2/7/12
  by Yves Smith 3:03 am

• Guest Post: Independent Report Contradicts Western Portrait of Syria
  by George Washington 1:42 am

February 6, 2012

• Mirabile Dictu! Missouri Attorney General Files Criminal Lawsuit on Robosigning
  by Yves Smith 11:50 pm

• Is the Mortgage Settlement Deal Starting to Unravel? (Updated)
  by Yves Smith 7:51 pm

• Daniel Alpert: Tinkerbell Economics – The Confidence Fairy, Pixie Dust and a Sleeping Dragon
  by Yves Smith 6:16 pm

• Obama’s SOTU, authoritarian followership, and civil society: Part II
  by Lambert Strether 2:32 pm

• Links 2/6/12
  by Yves Smith 6:57 am

• Cathy O’Neil: Women in Math
  by Yves Smith 6:55 am

• More on the Role of Second Liens and the Mortgage Settlement as Stealth Bank Bailout
  by Yves Smith 5:26 am

• Philip Pilkington: Facebook – The Second Birth of a Mighty Titan or the Withering of a Weary Giant?
  by Yves Smith 2:31 am

• Quelle Surprise! New York and California Attorneys General Look Ready to Sign on to Mortgage Settlement
  by Yves Smith 1:21 am

February 5, 2012

• Schneiderman MERS Suit and HUD’s Donovan Remarks Confirm That Mortgage “Settlement” is a Stealth Bank Bailout
  by Yves Smith 6:14 am

• Links 2/5/12
  by Yves Smith 6:08 am

February 4, 2012

• Fannie Ignored 2006 Warnings About Widespread Mortgage Abuses (Updated)
  by Yves Smith 11:01 pm

• Links 2/4/12
  by Yves Smith 3:16 am

• Exponential Finance
  by Yves Smith 1:33 am

• This is Why NC Was Down Much of Friday
  by Yves Smith 1:04 am

February 3, 2012

• Schneiderman Files Civil Fraud Lawsuit Against Three Major Banks for Use of MERS (Updated)
  by Yves Smith 2:09 pm

• Links 2/3/12
  by Yves Smith 6:29 am

• Investors (and Others) Realizing Their Ox is About to be Gored in Mortgage Settlement
  by Yves Smith 5:43 am

• Romney’s Wife Had $3 Million in Secret Swiss Bank Account Through 2010; Not Reported in Federal Disclosure Forms
  by Yves Smith 4:35 am

• Quelle Surprise! SEC Fails to Sanction Big Banks for Fraud
  by Yves Smith 4:32 am

• Property Rights and Growth: Lessons from Slavery
  by Yves Smith 1:43 am

February 2, 2012

• Michael Olenick: More on ProPublica’s Off Base Charges About Freddie Mac’s Mortgage “Bets”
  by Yves Smith 11:00 am

• Erica Chenoweth: Confronting the myth of the rational insurgent
  by Lambert Strether 8:50 am

• Links Groundhog Day
  by Yves Smith 3:35 am

• Israel and the American Elections
  by Yves Smith 12:30 am

• Philip Pilkington: Are the Irish People to Blame for Reckless Borrowing?
  by Yves Smith 12:05 am

February 1, 2012

• What if Google Had a Blackout?
  by Yves Smith 10:34 pm

• Wolf Richter: Exodus from the Eurozone Debt Crisis
  by Yves Smith 2:48 pm

• Links 2/1/12
  by Yves Smith 6:57 am

• Yet More Mortgage Settlement Lies: Release Looks Broad, Not Narrow; Other States Screwed to Bribe California to Join
  by Yves Smith 5:59 am

• Quelle Surprise! Feds Dust off Old Rogue Traders CDO Case to Burnish “Tough on Mortgage Crime” Credentials
  by Yves Smith 2:42 am

• Mainstream Economics as Ideology: An Interview with Rod Hill and Tony Myatt — Part II
  by Yves Smith 1:37 am