Monthly Archives: April 2012

April 30, 2012

• Occupy Wall Street Sues New York City, JP Morgan #OWS
  by Yves Smith 3:58 pm

• Links 4/30/12
  by Yves Smith 3:50 am

• Morgan Sandquist: Finance in Denial – Conclusion
  by Yves Smith 3:00 am

• Philip Pilkington: Paul Krugman’s Fairy Fantasyland
  by Yves Smith 2:36 am

• Satyajit Das: The European Debt Crisis Redux
  by Yves Smith 1:00 am

• Marshall Auerback: Spain is the New Greece
  by Yves Smith 12:37 am

April 29, 2012

• Links 4/29/12
  by Yves Smith 3:33 am

• Morgan Sandquist: Finance in Denial – An Intervention
  by Yves Smith 3:00 am

• Memo to Schneiderman Mortgage Task Force: When You are in a Hole, Quit Digging
  by Yves Smith 2:56 am

• Matt Stoller: Obama as Neoliberal Ideologue
  by Yves Smith 2:03 am

• How Overpriced is US Health Insurance?
  by Yves Smith 1:45 am

April 28, 2012

• Links 4/28/12
  by Yves Smith 4:00 am

• Morgan Sandquist: Finance in Denial – The Addiction
  by Yves Smith 3:26 am

• Reining in Finance and the Effort to Silence a Critical UN Agency
  by Yves Smith 2:10 am

April 27, 2012

• Links 4/27/12
  by Yves Smith 6:56 am

• Frontline’s Astonishing Whitewash of the Crisis
  by Yves Smith 6:53 am

• Morgan Sandquist: Finance in Denial
  by Yves Smith 6:41 am

• Will the Fiscal Cliff Eat the Recovery, Such as It Is?
  by Yves Smith 12:13 am

April 26, 2012

• Pavlina Tcherneva: No, Mr. Krugman, Bernanke’s Conundrum is Completely Different
  by Yves Smith 7:14 pm

• Links 4/26/12
  by Yves Smith 2:59 am

• The ECB is on Mars
  by Yves Smith 1:09 am

• Bill Black: Mankiw Hearts “Governmental Competition” That Made Romney Rich
  by Yves Smith 12:54 am

April 25, 2012

• Mirabile Dictu! Goldman CEO Lloyd Blankfein Makes Case for Breaking Up Big Banks
  by Yves Smith 4:44 pm

• How to Buy Happiness
  by Yves Smith 2:42 pm

• George Washington: Tarp Overseer Debunks Bailout Myths: Big Companies HAVEN’T Repaid Tarp Funds … And Funds to Help Homeowners HAVEN’T Been Disbursed
  by George Washington 2:12 pm

• Interview, MERS RICO complaint: Doug Welborn, State District Court Clerk vs. MERSCORP Shareholders and Trustees (“the banksters”)
  by Lambert Strether 4:00 am

• Links 4/25/12
  by Yves Smith 3:03 am

• Fed Paper on Repo Exposes Inadequacy of Financial Reforms
  by Yves Smith 1:47 am

• Daniel Alpert: Earth to Paul Krugman
  by Yves Smith 12:52 am

• Jamie Galbraith on Changes in Finance as the Driver of Inequality
  by Yves Smith 12:01 am

April 24, 2012

• Top Experts Diss Housing Market Bullishness, Foresee Protracted Headwinds
  by Yves Smith 2:37 pm

• Links 4/24/12
  by Yves Smith 3:16 am

• The Hidden Bank Time Bomb: Interest Rate Risk
  by Yves Smith 2:34 am

• UK Fund Manager Challenges Deutsche Bank on Executive Pay
  by Yves Smith 1:49 am

• Randy Wray: The Job Guarantee and Real World Experience
  by Yves Smith 12:01 am

April 23, 2012

• The Ministry of Truth Speaks: American Prospect Tries to Pass Off Mortgage Turncoat Schneiderman as Hero
  by Yves Smith 11:03 pm

• Europe’s Lunatics Rise
  by Yves Smith 1:09 pm

• Links 4/23/12
  by Yves Smith 2:46 am

• The Trust Deficit
  by Yves Smith 2:29 am

• Michael Olenick: Rentals Gone Wild
  by Yves Smith 12:55 am

• Philip Pilkington: Matt Yglesias’ Plan to Seize Your Savings for the Good of the Economy
  by Yves Smith 12:01 am

April 22, 2012

• Earth Day: Mycelium Running
  by Lambert Strether 3:11 pm

• George Washington: Influential Senator Warned in 1975: “Th[e National Security Agency’s] Capability At Any Time Could Be Turned Around On The American People, And No American Would Have Any Privacy Left …There Would Be No Place To Hide. [If A Dictator Ever Took Over, The N.S.A.] Could Enable It To Impose Total Tyranny, And There Would Be No Way To Fight Back”
  by George Washington 2:36 am

• Links Earth Day 2012
  by Yves Smith 2:15 am

• Michael Hudson: Productivity, The Miracle of Compound Interest, and Poverty
  by Yves Smith 12:09 am

April 21, 2012

• New York Times Details Widespread Bribery in Wal-Mart Mexico and Top Executive Coverup
  by Yves Smith 7:26 pm

• Links 4/21/12
  by Yves Smith 1:28 am

• Jamie Galbraith on Inequality and Instability
  by Yves Smith 1:09 am

• The Burgeoning Student Debt Problem
  by Yves Smith 12:51 am

April 20, 2012

• CFPB Scrutinizing Bank Overdraft Fees
  by Yves Smith 12:07 pm

• Links 4/20/12
  by Yves Smith 2:20 am

• Andrew Haldane on the Arms Race in Banking
  by Yves Smith 2:18 am

April 19, 2012

• Jeffrey Sommers: No Exit in EU
  by Yves Smith 3:49 pm

• Schneiderman Propagandist Confirms Report of Lack of Staffing for Mortgage Fraud Task Force
  by Yves Smith 2:11 pm

• Links 4/19/12
  by Yves Smith 2:16 am

• Sequoia Fund Manager Campaigns Against Goldman Board Member, Former Fannie CEO Jim Johnson
  by Yves Smith 2:11 am

April 18, 2012

• George Washington: 2 Years After the BP Oil Spill, Is the Gulf Ecosystem Collapsing?
  by George Washington 11:20 pm

• EXCLUSIVE: Barney Frank, Brad Miller Launch Sneak Attack on OCC, Federal Reserve
  by Matt Stoller 4:30 pm

• Yet Another Obama Big Lie: Mortgage Fraud Investigation Not Even Staffed
  by Yves Smith 12:18 pm

• Links 4/18/12
  by Yves Smith 6:15 am

• From Financial Crisis to Stagnation: An Interview with Thomas Palley
  by Yves Smith 12:48 am

• Guest Post: Giant Banks Now 30% Bigger than When Dodd-Frank Financial “Reform” Law Was Passed
  by George Washington 12:44 am

April 17, 2012

• The 2012 Election and the Inequality Narrative
  by Matt Stoller 6:46 pm

• Corruption Is Why You Can’t Do Your Taxes in Five Minutes
  by Matt Stoller 3:08 pm

• Unknown or Disliked: Eric Schneiderman At Negative Approval Rating in New York
  by Matt Stoller 11:00 am

• Mark Ames: Death By Foreclosure Killings and Staff Sgt. Roger Bales
  by Matt Stoller 9:00 am

• Links 4/17/12
  by Lambert Strether 6:50 am

April 16, 2012

• Dirk Bezemer: Creating a Socially Useful Financial System
  by Lambert Strether 8:00 pm

• Bill Black: Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis
  by Yves Smith 2:31 pm

• Mortgage Settlement Enforcement Monitor Claims Bank Leaders Are Lying to Him
  by Matt Stoller 1:00 pm

• Gerd Gigerenzer: On How Decisions are Really Made, Versus How Economists Say They Should Make Decisions, and Why the Folks in the Real World Often Have it Right
  by Yves Smith 12:55 pm

• Murder, Inequality, Corporate Profits, and Free Trade Go Together
  by Matt Stoller 11:25 am

• Links 4/16/12
  by Yves Smith 6:55 am

• Philip Pilkington: Econ for Pirates – Rescuing Art from the Clutches of the Megacorporations
  by Yves Smith 12:20 am

• Yanis Varoufakis on Ringfencing Europe
  by Yves Smith 12:10 am

• Stephan Ewald: What Hypocrites Are Working at the ECB?
  by Yves Smith 12:01 am

April 15, 2012

• Links 4/15/2012
  by Lambert Strether 6:50 am

• Frans de Waal: Moral behavior in animals
  by Lambert Strether 4:00 am

April 14, 2012

• The Rule of Capital
  by Lambert Strether 10:31 pm

• Michael Hudson: Debt: The Politics and Economics of Restructuring
  by Lambert Strether 9:58 pm

• Links 4/14/12
  by Lambert Strether 6:50 am

• Fukushima Dai-Ichi No. 4: An earthquake before spent fuel rods are moved to safe storage would be “the end”
  by Lambert Strether 4:10 am

• Speculation and Criminal Manipulation of Food and Commodities Prices
  by Lambert Strether 3:50 am

April 13, 2012

• Mortgage-related Observations on Today’s Wells Fargo, JPMorgan Chase Earnings Reports
  by Matt Stoller 2:00 pm

• Spainaly under pressure
  by Matt Stoller 11:00 am

• Does the 2012 Presidential Election Matter?
  by Matt Stoller 9:00 am

• Bill Black: Green Slime Drives Our Financial Crises
  by Matt Stoller 8:00 am

• Links, 4/13/12
  by Matt Stoller 5:55 am

April 12, 2012

• Bank Lobbyist on Rep. Maxine Waters as Chair of Financial Services Committee: “Just the name sends shivers up the spine”
  by Matt Stoller 4:00 pm

• Matt Stoller: Some Observations on the Second Lien Problem
  by Matt Stoller 1:00 pm

• George Soros: Eurozone Crisis Has Entered “A Less Volatile but Potentially More Lethal Phase”
  by Matt Stoller 11:00 am

• Spain Has Only Denial
  by Matt Stoller 7:00 am

• Links, 4/12, 2012
  by Matt Stoller 5:55 am

April 11, 2012

• Why Is the Left Slice of the Democrats Getting Crushed?
  by Matt Stoller 6:36 pm

• Growth of Income Inequality Is Worse Under Obama than Bush
  by Matt Stoller 1:41 pm

• Walter Dean Burnham/Tom Ferguson: Why Poorer States Aren’t Buying What Romney’s Selling
  by Matt Stoller 12:00 pm

• Lee Fang: Howard Dean Advises Corporate Health Care Clients To Fund ‘Both Sides,’ Run Attack Ads
  by Matt Stoller 9:00 am

• Links, 4/11/2012
  by Matt Stoller 5:55 am

April 10, 2012

• Abigail Field: Hiding the Enforcement Fraud at the Heart of the Mortgage Settlement
  by Lambert Strether 1:00 pm

• “Code is law.” Literally.
  by Lambert Strether 10:18 am

• Philip Pilkington: MMT, Functional Finance and Dirigisme – Sketch of an Alternative Economic Approach for Developing Economies
  by Yves Smith 8:18 am

• Links 4/10/12
  by Yves Smith 3:50 am

• More Proof of Obama Mortgage Settlement Lies: Woefully Underresourced Investigation Not Fully Staffed Yet
  by Yves Smith 12:35 am

• Bill Black: The Silver Anniversary of the “Keating Five” Meeting – Citizens United’s Precursor
  by Yves Smith 12:30 am

• Yasha Levine: Recovered Economic History – “Everyone But an Idiot Knows That The Lower Classes Must Be Kept Poor, or They Will Never Be Industrious”
  by Yves Smith 12:10 am

April 9, 2012

• Judge Rules Wells Fargo Engages in “Reprehensible,” Systemic Accounting Abuses on Mortgages, Hits with $3.1 Million Punitive Damages for One Loan
  by Yves Smith 6:55 am

• Links 4/9/12
  by Lambert Strether 6:50 am

• What the equity herd might look like
  by Lambert Strether 3:06 am

• Three things I learned last week
  by Lambert Strether 1:13 am

April 8, 2012

• Links 4/8/12
  by Lambert Strether 6:50 am

• Fault Lines – Occupy Wall Street: Surviving the Winter
  by Lambert Strether 1:21 am

April 7, 2012

• Dr. King’s 2 minutes to you: “Silence is betrayal… speak as one who loves America”
  by Lambert Strether 6:56 pm

• Dan Kervick: Contra Krugman, Why Increasing Inflation is Not Likely to Increase Employment
  by Yves Smith 7:19 am

• Links 4/7/12
  by Yves Smith 6:51 am

April 6, 2012

• Jobs Act 2012 a Recipe for Fraud
  by Yves Smith 6:39 pm

• Three Corporate Myths that Threaten the Wealth of the Nation
  by Yves Smith 11:13 am

• The Coming Housing Finance Train Wreck
  by Yves Smith 9:05 am

• Links 4/6/12
  by Lambert Strether 6:58 am

April 5, 2012

• Lynn Parramore: Capitalism’s Dirty Secret: Corporations Don’t Create Jobs, They Destroy Them
  by Lambert Strether 2:59 pm

• Fighting Over the American Home: Handcuffs versus Hope and Change
  by Matt Stoller 9:00 am

• Finance as Wealth Transfer Mechanism: An Interview with James Galbraith
  by Yves Smith 6:55 am

• Links 4/5/12
  by Yves Smith 6:50 am

April 4, 2012

• Keen vs. Krugman cage match: Will there be a round 2?
  by Lambert Strether 11:29 pm

• Dan Kervick: Beware of Rule by Central Banks
  by Yves Smith 3:10 pm

• Ken Jacobson: Whose Corporations? Our Corporations!
  by Yves Smith 1:30 pm

• Links 4/4/12
  by Yves Smith 1:18 am

• Have Four Pension Funds Blown Up the $8.5 Billion Bank of America Settlement?
  by Yves Smith 1:04 am

April 3, 2012

• Looking at a Foreclosure Ground Zero: Jacksonville, Florida
  by Yves Smith 11:03 pm

• Money, the financial system and the Federal Reserve
  by Edward Harrison 10:25 pm

• Moody’s Foresees 10% Drop in US Housing Prices
  by Yves Smith 1:34 pm

• William Lazonick: How High CEO Pay Hurts the 99 Percent
  by Yves Smith 12:06 pm

• There Will Be Cheating: Another Gift to Big Banks Hidden in Obama’s Principal Reduction Strategy
  by Matt Stoller 9:00 am

• Philip Pilkington: Nobel Laureate Paul Krugman Selectively Quotes Rival to Stitch Him Up After Losing Argument
  by Yves Smith 3:55 am

• Links 4/3/12
  by Yves Smith 1:30 am

• Michael Hudson on Why There is an Alternative to European Austerity
  by Yves Smith 1:15 am

April 2, 2012

• How American Corporations Transformed from Producers to Predators
  by Yves Smith 2:05 pm

• Spain’s Severity is Not Sustainable
  by Yves Smith 12:30 pm

• The Case Against Passion
  by Yves Smith 2:26 am

• Links 4/2/12
  by Yves Smith 2:14 am

• Scott Fullwiler: Krugman’s Flashing Neon Sign
  by Yves Smith 1:00 am

• Occupy the SEC’s Goldstein Exposes Rep. Carolyn Maloney’s Banker-Favoring Ways
  by Yves Smith 12:32 am

April 1, 2012

• Links April Fool’s Day
  by Yves Smith 12:58 am

• David Apgar: The Most Cynical Court’s Most Dangerous Decision
  by Yves Smith 12:07 am

• Marshall Auerback and Randy Wray: America Needs Healthcare, Not Health Insurance
  by Yves Smith 12:01 am