Monthly Archives: July 2012

July 31, 2012

• Why “Firing Ed DeMarco” is No Solution to FHFA Refusal to Engage in Principal Modifications (Updated)
  by Yves Smith 5:21 pm

• Connor Kilpatrick: It’s Hip! It’s Cool! It’s Libertarianism!
  by Yves Smith 11:45 am

• Links 7/31/12
  by Yves Smith 6:55 am

• Cathy O’Neil: Data Science – The Problem Isn’t Statisticians, It’s Too Many Poseurs
  by Yves Smith 6:00 am

• More on Draghi’s “The ECB is All In” Bluff
  by Yves Smith 2:24 am

• Mirabile Dictu! ECB Chief Draghi Being Investigated for Membership in the Group of Thirty
  by Yves Smith 12:01 am

July 30, 2012

• The Obama Enabler’s Big Lie: “We Never Had the Votes”
  by Lambert Strether 5:20 pm

• Is Facebook’s Ad Model a Scam?
  by Yves Smith 4:29 pm

• Yet Another Barmy Obama Administration Excuse for Preserving the Banking Status Quo
  by Yves Smith 4:13 pm

• Marshall Auerback: Top 5 Reasons Why Raising the Minimum Wage Is Good for You and Me
  by Yves Smith 11:00 am

• Links 7/30/2012
  by Lambert Strether 6:55 am

• Is Romney Going to Repeat the Palin Strategy and Choose Florida’s Attorney General Pam Bondi?
  by Yves Smith 12:44 am

• Germans Getting Even More Opposed to Being in the Eurozone
  by Yves Smith 12:20 am

July 29, 2012

• Money is power
  by Lambert Strether 5:15 pm

• Obama’s Second Term Agenda: Cutting Social Security, Medicare, and/or Medicaid
  by Matt Stoller 12:45 pm

• Thirteen ways of looking at a clang bird
  by Lambert Strether 8:16 am

• Links 7/29/12
  by Yves Smith 6:55 am

• Israel, The Bulgaria Bombings, and Iran
  by Yves Smith 12:05 am

July 28, 2012

• Links 7/28/12
  by Yves Smith 2:24 am

• Is the ECB Ready and Able to Cross the Rubicon?
  by Yves Smith 12:55 am

• Bill Black: The Right’s Schadenfreude as Their Austerity Policies Devastate Europe
  by Yves Smith 12:43 am

• “What Makes You Proud to Work in the Financial Services Industry?”
  by Yves Smith 12:13 am

July 27, 2012

• Africa and the War Against Offshore Finance
  by Lambert Strether 12:00 pm

• Libor Manipulation Well Known in London by 1991
  by Yves Smith 10:01 am

• Hiram residents seek local control on fracking
  by Lambert Strether 10:00 am

• Links 7/27/12
  by Lambert Strether 6:55 am

• George Washington: Numerous Top Bankers Call for Break Up of Giant Banks
  by Lambert Strether 4:45 am

• Finance and the Good Society
  by Lambert Strether 2:02 am

July 26, 2012

• New Zealand’s Ian Taylor: Helping Ireland’s Biggest Bankrupt To Hide Assets?
  by Richard Smith 7:31 am

• Links 7/26/12
  by Yves Smith 6:55 am

• The Real Significance of Sandy Weill’s “Break Up Big Banks” Recommendation
  by Yves Smith 2:35 am

• China Will Get Old Before It Gets Rich
  by Yves Smith 12:10 am

• Occupy the SEC Urges the SEC to Investigate JP Morgan Over Likely (As in Bloomin’ Obvious) Sarbanes Oxley Violations #OWS
  by Yves Smith 12:01 am

July 25, 2012

• Matt Stoller: Democratic Leaders Again Whipping Against Audit of the Federal Reserve
  by Matt Stoller 2:57 pm

• Links 7/25/12
  by Yves Smith 5:49 am

• NYT’s Jackie Calmes’ “Grossly Inaccurate” Hit Piece on Neil Barofsky
  by Yves Smith 5:39 am

• Dan Kervick: Want Jobs? Forget the Fed!
  by Yves Smith 2:40 am

July 24, 2012

• Josh Rosner: Eurozone Crisis – No More Safe Havens
  by Yves Smith 3:33 pm

• Links 7/24/12
  by Yves Smith 6:55 am

• Doing Some Math on Fracking Propaganda
  by Yves Smith 2:09 am

• Lynn Parramore: Did the Youth Unemployment Crisis Play a Role in the Colorado Shooting?
  by Yves Smith 1:32 am

• Philip Pilkington: Market Monetarism Or An Attempt to Speed Up the Decline in Real Wages
  by Yves Smith 12:41 am

• Satyjit Das: The LIBOR Fix – Part II
  by Yves Smith 12:19 am

July 23, 2012

• Scotland Debates Independence and Launching New Currency
  by Yves Smith 3:27 pm

• Links 7/23/12
  by Yves Smith 5:11 am

• Randy Wray: Why We’re Screwed
  by Yves Smith 4:09 am

• EuroCrisis Intensifies as Spain Spirals Downward, Greek Impasse Nigh
  by Yves Smith 3:56 am

• Satyajit Das: The LIBOR Fix – Part 1
  by Yves Smith 12:15 am

July 22, 2012

• Links 7/22/12
  by Yves Smith 3:14 am

• Europe to Put Interest Rate Fixers in Jail
  by Yves Smith 3:03 am

• Is a Great Grey Exodus from America Starting?
  by Yves Smith 1:12 am

July 21, 2012

• Links 7/21/12
  by Yves Smith 6:55 am

• Libor Scandal Apologist Avinash Persaud Displays Inability to Do Math
  by Yves Smith 3:51 am

• Spanish Protests Escalate as Budget Cuts Draw Blood
  by Yves Smith 1:15 am

July 20, 2012

• Departing IMF Economist Blasts Fund
  by Yves Smith 5:41 pm

• Links 7/20/12
  by Yves Smith 5:27 am

• SIFMA Fires Shot, Excludes Mortgages in Localities that Adopt Condemnation From To-Be-Announced Market
  by Yves Smith 5:09 am

• Why the Obama Administration Will Hate Neil Barofsky’s Book “Bailout”
  by Yves Smith 2:00 am

• Spain Slides
  by Yves Smith 1:37 am

July 19, 2012

• Existing Home Sales “Unexpectedly” Fall
  by Yves Smith 12:45 pm

• Links 7/19/12
  by Yves Smith 4:51 am

• Quelle Surprise! New York Times’ “Deal Professor” Ignores Facts and Law to Defend Citi Employee Stoker in SEC Toxic CDO Case Rakoff Highlighted
  by Yves Smith 3:41 am

• Philip Pilkington: The New Monetarism Part III – Critique of Economic Reason
  by Yves Smith 3:30 am

• Chris Cook: Libor and Oil Market Manipulation – Rage Against the Dying of the Light
  by Yves Smith 3:06 am

• Richard Alford: Why Economists Have No Shame – Undue Confidence, False Precision, Risk and Monetary Policy
  by Yves Smith 3:00 am

July 18, 2012

• Links 7/18/12
  by Yves Smith 6:55 am

• “Do Business Schools Incubate Criminals?”
  by Yves Smith 4:52 am

• Philip Pilkington: The New Monetarism Part II – Holes in the Theory
  by Yves Smith 2:27 am

• Yanis Varoufakis: It is Now Official – The Eurozone’s Monetary Transmission System is Broken
  by Yves Smith 1:44 am

July 17, 2012

• Cover Ups Are Worse Than Vanishing Data: The Facts About the FEC’s Data Downloads
  by Yves Smith 4:14 pm

• New Zealand’s Company Register: Even More Out of Control Than You Thought
  by Richard Smith 9:11 am

• Links 7/17/12
  by Yves Smith 6:55 am

• Philip Pilkington: The New Monetarism Part I – The British Experience
  by Yves Smith 6:12 am

• The Sucking Sound of Air Leaving the Economy
  by Yves Smith 4:53 am

• Why Were Millions in Heavy-Hitter Donations in 2007-8 Scrubbed from the Federal Elections Commission Database?
  by Yves Smith 3:09 am

July 16, 2012

• Italy’s Political Risk
  by Matt Stoller 4:35 pm

• Sheila Bair on Bill Moyers: “Libor Always Troubled Me”
  by Yves Smith 3:36 pm

• Matt Stoller: Voting This Year Means Choosing the One Who Beats You
  by Matt Stoller 12:00 pm

• New Zealand Companies Office Turns a Blind Eye to Registration Abuses
  by Richard Smith 9:10 am

• Michael Crimmins: Why Hasn’t Jamie Dimon Been Fired by His Board Yet?
  by Yves Smith 6:58 am

• Links 7/16/12
  by Yves Smith 6:55 am

July 15, 2012

• New Zealand’s Rogue Incorporator, Ian Taylor, Sighted in Malaysia (and UK)
  by Richard Smith 9:09 am

• Links 7/15/12
  by Yves Smith 2:43 am

• Is Public Ownership A Solution?
  by Yves Smith 2:25 am

• Divorce Finance From Commerce
  by Yves Smith 1:10 am

July 14, 2012

• Links Bastille Day
  by Yves Smith 6:55 am

• Will the Libor Scandal Lead to Prosecutions? Some Hidden History and Current Prospects
  by Yves Smith 2:29 am

July 13, 2012

• RealtyTrac, CoreLogic Confirm Housing Bear Thesis: 85-90% of REO Being Held Off Market, Meaning “Tight” Inventories Are Bogus
  by Yves Smith 6:13 pm

• Fifty Shades of Capitalism: Pain and Bondage in the American Workplace
  by Yves Smith 3:11 pm

• Links 7/13/12
  by Yves Smith 5:29 am

• Is a New “Take No Prisoners” a Model for Social Change?
  by Yves Smith 5:19 am

• Marshall Auerback: The Pain in Spain
  by Yves Smith 3:18 am

• Rajiv Sethi: Market Overreaction – A Case Study
  by Yves Smith 2:44 am

July 12, 2012

• So How Much Did the Banksters Make on Libor-Related Ill-Gotten Gains?
  by Yves Smith 7:12 pm

• How Out-of-Control Credit Markets Threaten Liberty, Democracy and Economic Security
  by Yves Smith 4:11 pm

• Tiny Pundits on the Election
  by Yves Smith 12:00 pm

• Links 7/12/12
  by Yves Smith 4:26 am

• Is Spain Going the Way of Greece?
  by Yves Smith 3:06 am

• Does the American Elite Want Real Public Education?
  by Yves Smith 2:22 am

• Libor Investigation Extended to US Mortgages, but What About TALF Loans?
  by Yves Smith 2:11 am

July 11, 2012

• Restoring Trust in the American Economy: The Real World v. The Confidence Fairy
  by Yves Smith 3:50 pm

• Links 7/11/12
  by Yves Smith 6:12 am

• The Mortgage Condemnation Plan: Fleecing Municipalities as Well as Investors (Updated)
  by Yves Smith 5:14 am

• Michael Olenick: The Real Estate Market’s Continuing Data Vacuum
  by Yves Smith 5:08 am

• Eurozone Screws Spain’s Citizens
  by Yves Smith 2:32 am

July 10, 2012

• Profiting From Market Failure: How Today’s Capitalists Bring Bad Things to Life
  by Yves Smith 4:09 pm

• Links 7/10/12
  by Yves Smith 6:21 am

• America’s Broken Jobs Engine
  by Yves Smith 5:16 am

• Are the Mice Starting to Roar? Municipalities Turn Defiant with Wall Street
  by Yves Smith 1:26 am

July 9, 2012

• Another MF Global? Customer Accounts Frozen at Futures Broker PFGBest (Updated)
  by Yves Smith 10:28 pm

• The Great Capitalist Heist: How Paris Hilton’s Dogs Ended Up Better Off Than You
  by Yves Smith 12:15 pm

• Links 7/9/12
  by Yves Smith 3:24 am

• The Eurozone: A Twenty Year Crisis?
  by Yves Smith 2:56 am

• The Economist, Then and Now, on Bankers
  by Yves Smith 1:58 am

• Satyajit Das: Mr. Smith Goes to Leaves Wall Street
  by Yves Smith 12:01 am

July 8, 2012

• Links 7/8/12
  by Yves Smith 1:26 am

• Eurozone Banking Union: Who Pays for Past Mistakes?
  by Yves Smith 12:59 am

• Roubini Warns a Crisis in 2013 Would Be Worse Than 2008
  by Yves Smith 12:10 am

July 7, 2012

• D – 63 and counting*
  by Lambert Strether 4:24 am

• Links 7/7/12
  by Yves Smith 3:14 am

• Former Senior Barclays Staffer Charges Diamond with Lying to MPs in Select Committee Testimony
  by Yves Smith 3:00 am

• Schneiderman (Technically, Obama) Financial Fraud Task Force Takes Credit for Busting Barclay’s on Libor, Peter Madoff
  by Yves Smith 2:07 am

• Will China Face a Lost Decade?
  by Yves Smith 1:38 am

July 6, 2012

• Links 7/6/12
  by Yves Smith 5:27 am

• Yes, Virginia, the Real Action in the Libor Scandal Was in the Derivatives
  by Yves Smith 5:16 am

• Quelle Surprise! GAO Finds Foreclosure “Request a Review” Materials Too Complicated for a Lot of Borrowers
  by Yves Smith 3:54 am

• Is Schneiderman Giving a Pass on Possible Illegal Lobbying on Redevelopment Effort Favored by a Major Donor?
  by Yves Smith 12:01 am

July 5, 2012

• Marshall Auerback: All Roads Lead to the ECB
  by Yves Smith 4:06 pm

• Links 7/5/12
  by Yves Smith 5:02 am

• Bob Diamond Performs “Je Ne Regrette Rien”
  by Yves Smith 4:58 am

• Insider Report on Big Pharma’s Corrupt Marketing and Phony Science
  by Yves Smith 2:01 am

• Europe’s Crisis is Re-Emerging
  by Yves Smith 1:13 am

July 4, 2012

• Links Fourth of July
  by Yves Smith 2:47 am

• Joe Costello: On Republics
  by Yves Smith 12:15 am

• The Moneysburg Address
  by Yves Smith 12:05 am

July 3, 2012

• How the Fannie and Freddie Could, But Won’t, Cut the Housing Gordian Knot
  by Yves Smith 1:04 pm

• Links 7/3/12
  by Yves Smith 4:08 am

• Mirabile Dictu! Barclays CEO Bob Diamond Resigns Over Libor Scandal (Updated)
  by Yves Smith 3:34 am

• Death of the China Cult
  by Yves Smith 1:35 am

• JP Morgan Treated Its Retail Investors as Stuffees, Accused of Lying in Marketing Materials
  by Yves Smith 12:24 am

• Why the EU Summit Decisions may Destabilise Government Bond Markets
  by Yves Smith 12:01 am

July 2, 2012

• Links 7/2/12
  by Lambert Strether 6:55 am

• Europe’s small step on a long road
  by Lambert Strether 3:55 am

• Quelle Surprise! State Legislatures Aren’t Buying Bogus Mortgage Settlement
  by Yves Smith 2:43 am

• Massive Furor in UK Over Libor Manipulation; Where’s the Outrage Here?
  by Yves Smith 1:22 am

• The (Other) Deleveraging: What Economists Need to Know About the Modern Money Creation Process
  by Lambert Strether 1:13 am

July 1, 2012

• Links 7/1/12
  by Yves Smith 2:06 am

• Satyajit Das: “Super Brussels” Saves The World, Again, Maybe!
  by Yves Smith 1:46 am

• France Pushing for a Maximum Wage; Will Others Follow?
  by Yves Smith 12:10 am