Monthly Archives: July 2011

July 31, 2011

• Links 7/31/11
  by Yves Smith 3:49 am

• “Time to Take Stock”
  by Yves Smith 2:05 am

• Guest Post: Adam Smith Would Neither Recognize Nor Approve Of Our Financial, Monetary, Economic Or Legal Systems
  by George Washington 12:14 am

July 30, 2011

• Links 7/30/11
  by Yves Smith 3:20 am

• “Is Standard and Poor’s Manipulating US Debt Rating to Escape Liability for the Mortgage Crisis?”
  by Yves Smith 2:15 am

• “Moody’s Places AAA Ratings Of 177 U.S. Public Finance Issuers On Review For Possible Downgrade Due To Review Of U.S. Government’s AAA Rating”
  by George Washington 1:25 am

• Harald Hau: Eurozone Bailout – Tax Transfer to the Wealthy?
  by Yves Smith 12:48 am

July 29, 2011

• Pro-cyclical fiscal policy
  by Edward Harrison 12:59 pm

• GDP numbers make double dip threat real
  by Edward Harrison 9:12 am

• Links 7/29/11
  by Yves Smith 5:35 am

• Third Way Document Proves Democratic Party Supports Institutionalized Looting by Banks
  by Yves Smith 4:45 am

• Team Obama Fiddles While Debt Ceiling Fires Burn
  by Yves Smith 4:44 am

July 28, 2011

• ECRI expects ‘double dip scare’
  by Edward Harrison 1:16 pm

• Links 7/28/11
  by Yves Smith 5:03 am

• Orwell Watch: Banks Put a Happy Face on Demolishing Foreclosed Homes
  by Yves Smith 4:05 am

• Cash Flow Discounting Leads to “Astronomically” Large Mistakes Over the Long Term
  by Yves Smith 3:04 am

July 27, 2011

• Clueless New Zealand Ministry of Economic Development Provides Regulatory Cover to Bogus Financial Companies
  by Richard Smith 5:19 pm

• Has S&P Become Our Rupert Murdoch?
  by Yves Smith 1:25 pm

• Links 7/27/11
  by Yves Smith 4:50 am

• Efforts to Pretend “50 State” Attorney General Deal Moving Forward Looking More Desperate
  by Yves Smith 4:21 am

• Victor Shih on the Risk of Capital Fleeing China
  by Yves Smith 1:30 am

• Quelle Surprise! Banks Don’t Want to be in IRA Business if They Can’t Treat Customers as Stuffees
  by Yves Smith 12:50 am

July 26, 2011

• Michael Hudson: Mr. Obama’s Scare Tactics to Get Democrats to Vote for His Republican Wall Street Plan
  by Yves Smith 11:50 am

• Links 7/26/11
  by Yves Smith 4:57 am

• Massachusetts Attorney General Signals Likelihood of Nixing “50 State” Mortgage Settlement
  by Yves Smith 4:46 am

• Marshall Auerback: Worse Than Hoover
  by Yves Smith 2:19 am

• David Apgar: If You’re Out after Three Strikes, What Happens after Three Lies?
  by Yves Smith 2:05 am

• Canary in the Treasury Coal Mine: Chicago Merc Increases Collateral Haircuts for Treasuries and Foreign Sovereign Debt
  by Yves Smith 1:10 am

July 25, 2011

• We Discuss the Manufactured US Debt Crisis at The Real News Network
  by Yves Smith 11:43 am

• Links 7/25/11
  by Yves Smith 4:52 am

• Philip Pilkington: Neoclassical Dogma – : How Economists Rationalise Their Hatred of Free Choice
  by Yves Smith 3:11 am

• Moody’s Downgrades Greece Three Notches More
  by Yves Smith 2:09 am

• Alexander Gloy: Greece – Two Bail-outs and a Funeral
  by Yves Smith 12:41 am

July 24, 2011

• Debt Talks Still At Impasse; Republicans Go For Unilateral, Short Term Gambit
  by Yves Smith 6:07 pm

• Links 7/24/11
  by Yves Smith 4:30 am

• More Shades of TARP: Latest Deficit Ceiling Plan to Establish Extra-Constitutional Legislative Process
  by Yves Smith 3:48 am

• Scott Sumner Puts Foot in Mouth and Chews
  by Yves Smith 1:28 am

July 23, 2011

• Links 7/23/11
  by Yves Smith 5:10 am

• Get Ready for TARP 2.0
  by Yves Smith 4:25 am

• Should You Get Only $7000 if Wells Stole Your House?
  by Yves Smith 2:10 am

July 22, 2011

• A Report from Greece
  by Yves Smith 12:33 pm

• Matt Stoller: Dodd-Frank Made No Structural Changes to Banking System
  by Yves Smith 12:23 pm

• Links 7/22/11
  by Yves Smith 3:59 am

• How Algorithms Shape Our World
  by Yves Smith 3:48 am

• So What Might Happen if We Get to August 3 With No Deficit Deal?
  by Yves Smith 3:43 am

July 21, 2011

• We Speak on BNN Re the Latest Euro Rescue, Launch of Consumer Financial Protection Bureau
  by Yves Smith 11:30 pm

• Federal Home Loan Banks Challenge BofA Settlement, Say They May Be Owed a Lot More
  by Yves Smith 6:25 pm

• Links 7/21/11
  by Yves Smith 5:21 am

• Is Bank of America At Risk of a Death Spiral?
  by Yves Smith 4:33 am

• Calpers Waves Wet Noodle at Murdochs, While DoJ Appears to Be Sitting On Its Hands
  by Yves Smith 3:18 am

• Guest Post: Pentagon Seeks to Manipulate Social Media for Propaganda Purposes
  by George Washington 12:24 am

July 20, 2011

• Scott Brown Beats Elizabeth Warren by 25 Points in Recent Poll
  by Yves Smith 6:12 pm

• Links 7/20/11
  by Yves Smith 4:00 am

• “Trade Imbalances Lead to Debt Imbalances” or Why Mercantilist Nations Shouldn’t Beef About Their “Profligate” Customers
  by Yves Smith 3:26 am

• Marshall Auerback: The European Monetary Union is the Titanic
  by Yves Smith 2:25 am

• Satyajit Das: Europe’s Debt Crisis Refuses to Die
  by Yves Smith 12:10 am

July 19, 2011

• Links 7/19/11
  by Yves Smith 5:40 am

• Why Liberals are Lame, Part 3: Why a Warren Run for Senate is a Terrible Idea
  by Yves Smith 2:56 am

• Quelle Surprise! The Banks Lied and Robosigning Lives!
  by Yves Smith 2:25 am

July 18, 2011

• Why Matt Yglesias and Felix Salmon are Wrong About A Legal Way to Circumvent the Debt Ceiling Impasse
  by Richard Smith 2:47 pm

• Summer rerun – If the US stopped issuing treasuries, would it go broke?
  by Edward Harrison 10:41 am

• Kohl: Angela “is destroying my Europe”
  by Edward Harrison 7:45 am

• Links 7/18/11
  by Yves Smith 2:30 am

• Matt Stoller: Elizabeth Warren Versus Barack Obama on Leadership
  by Yves Smith 1:31 am

• Marshall Auerback: There is No Progressive Case for Deficit Cutting – The Myth of the “Virtuous” Clinton Surpluses
  by Yves Smith 1:06 am

• Mark Ames Calls for Restoration of Policies of President Eisenhower
  by Yves Smith 12:18 am

July 17, 2011

• Board’s role ‘off limits’ in police probe of alleged £1bn HBOS fraud
  by Richard Smith 5:15 am

• Links 7/17/11
  by Richard Smith 4:33 am

• Soliciting Nominations for the FEMA Awards for Exceptional Financial Crisis Management
  by Yves Smith 12:30 am

July 16, 2011

• Links 7/16/11
  by Yves Smith 2:14 am

• Elizabeth Warren Out as Possible Head of Consumer Financial Protection Bureau
  by Yves Smith 1:32 am

• Felix Salmon Misreads AAA Bond Demand to Say “Overcaution” Caused Crisis
  by Yves Smith 1:00 am

July 15, 2011

• The debt ceiling debate as viewed from Europe
  by Edward Harrison 1:24 pm

• Summer Rerun: Why we shouldn’t use monetary policy to stimulate aggregate demand
  by Edward Harrison 10:28 am

• Links 7/15/11
  by Yves Smith 2:36 am

• Shades of 2007: Funding Stresses Hit European Banks
  by Yves Smith 2:08 am

• California AG Considering Joining New York, Delaware in Broad Probe of Mortgage Abuses
  by Yves Smith 12:50 am

July 14, 2011

• Eurozone Song
  by Yves Smith 7:49 pm

• Marshall Auerback: Barack Obama – The Nation’s First Tea Party President
  by Yves Smith 10:30 am

• Tom Ferguson on How Banks’ Refusal to Take Haircuts Stokes the Euro Crisis
  by Yves Smith 9:45 am

• The Fed is on hold
  by Edward Harrison 8:01 am

• Links Bastille Day
  by Yves Smith 2:24 am

• Mirabile Dictu! SEC Prods Banks Over Mortgage Litigation Reserves
  by Yves Smith 2:13 am

• Satyajit Das: European Debt – Wrong Diagnosis, Wrong Treatment!
  by Yves Smith 12:12 am

July 13, 2011

• The politics of Fed policy
  by Edward Harrison 9:15 am

• Links 7/13/11
  by Yves Smith 4:59 am

• News International Phone Hacking and the Police Coverup
  by Yves Smith 4:43 am

• Surveillance State Tactics Increasing: Police Starting to Use Facial Recognition Devices
  by Yves Smith 4:14 am

• Bank of America $8.5 Billion Mortgage “Settlement” Under Fire
  by Yves Smith 3:19 am

• Satyajit Das: “Progress” of the European Debt Crisis
  by Yves Smith 12:18 am

July 12, 2011

• Doug Smith: The Maximum Wage
  by Yves Smith 6:30 am

• Links 7/12/11
  by Yves Smith 5:35 am

• Eurozone Leaders Fiddling as Rome Starts to Burn? (Updated)
  by Yves Smith 5:23 am

• News Corp Targeted Former PM Gordon Brown: Hacked Police, Medical Records; Obtained Bank Information
  by Yves Smith 1:25 am

July 11, 2011

• Scott Fullwiler: QE3, Treasury Style—Go Around, Not Over the Debt Ceiling Limit
  by Yves Smith 11:25 pm

• The Moneysburg Address
  by Yves Smith 4:54 am

• Links 7/11/11
  by Yves Smith 4:50 am

• More Proof That Obama is Herbert Hoover
  by Yves Smith 4:01 am

• Quelle Surprise! DoJ Pushing State AGs to Whitewash Servicing Abuses; Failure to Investigate Confirmed
  by Yves Smith 3:31 am

July 10, 2011

• Links 7/10/11
  by Yves Smith 4:06 am

• Did Sheila Bair Save the US From Complete Financial Meltdown?
  by Yves Smith 3:35 am

• “A Dramatic Demonstration of the Power of Mental Frames”
  by Yves Smith 12:01 am

July 9, 2011

• Summer Rerun: Geithner and Summers as Obama’s Cheney and Rumsfeld
  by Edward Harrison 11:25 am

• Links 7/9/11
  by Yves Smith 3:01 am

• Would You Buy a Newspaper From This Man?
  by Yves Smith 2:09 am

• Satyajit Das: Bailing In to Bail Out – The Greek Bank Debt Exchange Proposal
  by Yves Smith 1:06 am

July 8, 2011

• Marshall Auerback: Time to Panic (II)
  by Yves Smith 2:53 pm

• Links 7/8/11
  by Yves Smith 5:48 am

• News of the World Scandal: “The Murdochs Have Lost Control of Events” (Updated)
  by Yves Smith 5:05 am

• The Pathology of Elite Organizations
  by Yves Smith 5:02 am

• Defining Deviancy Away: How the Justice Department Adopted “See No Evil” Approach to Corporate Crime
  by Yves Smith 2:16 am

July 7, 2011

• Guest Post: The Founding Fathers Tried to Warn Us About the Threat From a Two-Party System
  by George Washington 9:25 pm

• Moody’s Hacked
  by Yves Smith 2:37 pm

• The Phantom Bond Market Vigilantes
  by Edward Harrison 2:26 pm

• The Sorrow and the Pity of Economists (Like DeLong) Not Learning from Their Mistakes
  by Yves Smith 1:00 pm

• Debt Ceiling Hypocrisy
  by Edward Harrison 6:24 am

• Links 7/7/11
  by Yves Smith 3:50 am

• On Dangerous Disconnect Between Economics and Ecology
  by Yves Smith 3:44 am

• Fed Releases More Details on Its Effort to Bail Out Lehman and Other Dealers
  by Yves Smith 2:17 am

July 6, 2011

• More on $8.5 Billion BofA Settlement Conflicts: 2/3 of Trustee’s RMBS Business is From BofA
  by Yves Smith 6:00 pm

• Randy Wray: A PROGRESSIVE APPROACH TO FEDERAL BUDGETING – Or, Can One Take Billionaire Pete Peterson’s Money and Remain Progressive?
  by Yves Smith 4:30 pm

• Links 7/6/11
  by Yves Smith 3:52 am

• Are Self-Dealing Parties Settling $242 Billion of Bank of America Liabilities for Way Too Little?
  by Yves Smith 3:33 am

• Jon Rynn: A Fracking Mess – Natural Gas is Not the Fuel of the Future
  by Yves Smith 3:21 am

• Guest Post: Lifeforms Can Clean Up Radiation … Naturally
  by George Washington 1:29 am

July 5, 2011

• Links 7/5/11
  by Yves Smith 1:36 am

• Ron Paul Suggests Using Fed to End Run Debt Ceiling Impasse
  by Yves Smith 1:01 am

July 4, 2011

• Guest Post: Fukushima Cover Up Unravels
  by George Washington 6:15 pm

• Links Independence Day
  by Yves Smith 1:41 am

• Summer Rerun – The Empire Continues to Strike Back: Team Obama Propaganda Campaign Reaches Fever Pitch
  by Yves Smith 1:06 am

• Partying on the Edge of the Eurozone Volcano
  by Yves Smith 12:30 am

July 3, 2011

• Links 7/3/11
  by Yves Smith 2:49 am

• Could DSK Run for French President?
  by Yves Smith 1:57 am

• Look What You Can Buy in the Greek Liquidation Sale!
  by Yves Smith 12:21 am

July 2, 2011

• Links 7/2/11
  by Yves Smith 4:09 am

• Mark Ames: Why the American Right Never Liked V.S. Naipaul
  by Yves Smith 3:33 am

• Clinton Pimps Some More for His Bank and Corporate Benefactors
  by Yves Smith 3:22 am

• Guest Post: Modern gender roles and ancient farming
  by Yves Smith 2:31 am

July 1, 2011

• Links 7/1/11
  by Yves Smith 4:44 am

• Government: The Dominant Player in US Credit Markets?
  by Yves Smith 4:36 am

• What Sexual Favors Were Exchanged So That Clinton (and Bloomberg) Pimped for the $8.5 Billion BofA Mortgage Settlement?
  by Yves Smith 2:59 am