Monthly Archives: February 2013

February 28, 2013

• Links 2/28/13
  by Yves Smith 6:59 am

• OCC Offers Lame Defense of Failure of Litigate as More Proof Emerges of its Abject Failure to Supervise Foreclosure Reviews
  by Yves Smith 5:46 am

• Steve Waldman, Who Extolled Deception and Theft, Needs to Explain Himself
  by Yves Smith 5:43 am

• The Credit Report You Never Knew You Had, And How It Can Victimize You
  by Yves Smith 5:41 am

• Occupy the SEC, Frustrated With Regulatory Defiance of Volcker Rule Implementation Requirements, Sues Fed, SEC, CFTC, FDIC and Treasury
  by Yves Smith 12:47 am

February 27, 2013

• Germans and Eurocrats Throw Hissy Fits Over Italian Elections
  by Yves Smith 7:46 am

• Links 2/27/13
  by Yves Smith 6:59 am

• Thirty Years of Financial Inefficiency
  by Yves Smith 5:33 am

February 26, 2013

• Invia i Pagliacci! Ci Devono Essere Pagliacci! [extended play]
  by Lambert Strether 4:28 pm

• Can the Euro Exist Without Fiscal or Political Union?
  by Lambert Strether 3:00 pm

• Links 2/26/13
  by Yves Smith 7:02 am

• Quelle Surprise! Having No Idea What Really Happened in Foreclosure Reviews, OCC Parrots “Independent” Consultant Howlers
  by Yves Smith 6:59 am

• Jack Lew’s Grotesque Citi Employment Deal and the Institutionalization of Corruption
  by Yves Smith 6:20 am

• Invia i Pagliacci! Ci Devono Essere Pagliacci! [the single]
  by Lambert Strether 5:20 am

February 25, 2013

• Richard Wolff Discusses the Failure of Capitalism with Bill Moyers
  by Yves Smith 5:38 pm

• Links 2/25/13
  by Lambert Strether 6:55 am

• Big Bank Welfare Queens Unprofitable Without Government Subsidies, So Why Don’t We Regulate Them Like Utilities?
  by Yves Smith 5:15 am

• Why Obama Refuses to Kill the Sequester
  by Yves Smith 3:05 am

• Marcy Wheeler: DOJ Used the Open Access Guerilla Manifesto to Do More than Justify Prosecution, They Justified a Search of Aaron Swartz’ Home
  by Yves Smith 2:49 am

February 24, 2013

• Europe Waits for Italy
  by Lambert Strether 11:49 pm

• Links 2/24/13
  by Lambert Strether 6:55 am

• “One Seed Revolution (English)”
  by Lambert Strether 4:38 am

• The Democratic turncoats behind the “Fix the Debt” attack on Medicare & Social Security
  by Lambert Strether 1:04 am

February 23, 2013

• Links 2/23/13
  by Yves Smith 4:56 am

• Not-So-Smart ALEC: The Right Wing vs. Renewable Energy
  by Yves Smith 3:50 am

• The Coming World of Killer Mini Drones
  by Yves Smith 3:15 am

• Bradley Manning 1000 Days in Jail and More Government Crackdown on Transparency
  by Yves Smith 2:35 am

February 22, 2013

• Links 2/22/13
  by Yves Smith 6:58 am

• Slimin’ Jamie Dimon’s Scheming to Stick the FDIC with WaMu Losses
  by Yves Smith 6:30 am

• The Dog That Isn’t Barking: Why So Little Pundit Attention to the Caliber of Statistics?
  by Yves Smith 4:29 am

• Yanis Varoufakis: Europe Needs a Hegemonic Germany
  by Yves Smith 1:23 am

• North Korea: Preparing for War
  by Yves Smith 12:28 am

February 21, 2013

• Links 2/21/13
  by Yves Smith 6:59 am

• Reform Suggestions for the Rogue Regulator, the OCC, and its Partner in Crime, the Shadow Regulator Promontory Group
  by Yves Smith 6:57 am

• New Whistleblower Describes How Bank of America Flagrantly Violates Dual Tracking, Single Point of Contact Requirements in State/Federal Mortgage Settlement
  by Yves Smith 4:25 am

• Panic-Driven Austerity in the Eurozone and its Implications
  by Yves Smith 4:00 am

• Philip Pilkington: Kill The King – Why Are We So Scared of Fiat Money?
  by Yves Smith 1:17 am

February 20, 2013

• Links 2/20/13
  by Yves Smith 6:59 am

• Martin Wolf Misses the Real Reason the Eurozone’s Unhappy Marriage Has Not Broken Up Yet
  by Yves Smith 5:10 am

• Bill Moyers: The Ghost of Joe McCarthy
  by Yves Smith 5:09 am

• Who Will Pay for Nuclear Power Plant Cleanup?
  by Yves Smith 2:47 am

• Marcy Wheeler: What a Targeted Killing in the US Would Look Like
  by Yves Smith 1:37 am

February 19, 2013

• Links 2/19/13
  by Yves Smith 6:58 am

• Dave Dayen: Yes, Katrina, Wall Street Won Again, and Progressives Need to Face Up to That
  by Yves Smith 6:53 am

• Quelle Surprise! The Administration Wants You to Believe it is Serious About Prosecuting Banks
  by Yves Smith 6:51 am

• Via Government’s Fiscal Policy and Regulatory Oversight, Ethical Values Shape Monetary Value
  by Yves Smith 3:03 am

• Barry Ritholtz Declares War on Trolls
  by Yves Smith 2:09 am

February 18, 2013

• Links 2/18/13
  by Yves Smith 3:31 am

• Disposable Workers: Why Throwaway Employees are Bad Policy
  by Yves Smith 2:05 am

• China Decides that South China Sea Oil is a National Asset
  by Yves Smith 12:25 am

• Blinder Leading the Blind
  by Yves Smith 12:05 am

• Michael M. Thomas’ Solution to the Crisis
  by Yves Smith 12:03 am

February 17, 2013

• Links 2/17/13
  by Yves Smith 4:05 am

• Love as a Consumer Good
  by Yves Smith 3:28 am

• Israel’s Prisoner X Scandal: Israeli/Australian Held, Impossibly Commits Suicide, Story Under Gag Order for Two+ Years
  by Yves Smith 3:12 am

February 16, 2013

• Links 2/16/13
  by Yves Smith 3:08 am

• Banks on the Counter-Attack in the Food and Finance Debate
  by Yves Smith 2:47 am

• Worker Owned Businesses Point to New Forms of Ownership
  by Yves Smith 1:47 am

February 15, 2013

• Links 2/15/13
  by Yves Smith 6:59 am

• Amazon’s Thuggish Security Force in Germany Shows State Does Not Have a Monopoly on Violence
  by Yves Smith 4:48 am

• Pettis: China and the History of US Growth Models
  by Yves Smith 3:35 am

• Should Bethany McLean Be Bothered by the Government Lawsuit Against S&P?
  by Yves Smith 3:23 am

• Elizabeth Warren Makes Promising Start in Senate Banking Committee Hearing
  by Yves Smith 3:23 am

February 14, 2013

• Lynn Parramore: The GOP Plan to Flush Your State’s Economy Down the Toilet
  by Lambert Strether 1:19 pm

• Ian Fraser: Stephen Hester, the Great Escape Artist
  by Richard Smith 7:57 am

• Links 2/14/13
  by Yves Smith 6:57 am

• NC Crowdsourcing! Whither the Deficit Cliffhanger?
  by Yves Smith 5:51 am

• Let’s Stop Calling Countries “Markets”
  by Yves Smith 3:57 am

February 13, 2013

• OCC Compounds Botched Foreclosure Review Process with Barmy Plan for Distributing Peanuts
  by Yves Smith 8:33 am

• Links 2/13/12
  by Yves Smith 6:57 am

• Yes, Virginia, the Rich Continue to Get Richer: the Top 1% Got 121% of Income Gains Since 2009
  by Yves Smith 5:11 am

• Yanis Varoufakis: Are Ireland and Portugal out of the Woods? (Updated)
  by Yves Smith 4:30 am

• Obama Retrades Broken First Term Campaign Minimum Wage Promise in State of the Union Address
  by Yves Smith 3:35 am

February 12, 2013

• Links 2/12/13
  by Yves Smith 5:45 am

• Obama’s Prefabricated Henhouse: Notes on The 2013 Inaugural Address, Part II
  by Lambert Strether 4:55 am

• Dave Dayen on How the CFPB Punted on Servicer Reform
  by Yves Smith 4:50 am

• Philip Pilkington: Of Madness and Microfoundationsm – Rational Agents, Schizophrenia and a Noble Attempt by One Noah Smith to Break Through the Mirror
  by Yves Smith 2:52 am

February 11, 2013

• Bank of America Foreclosure Reviews: Why the OCC Overlooked “Independent” Reviewer Promontory’s Keystone Cops Act (Part VB)
  by Yves Smith 5:06 am

• Bank of America Foreclosure Reviews: How Promontory Became a Shadow Regulator (Part VA)
  by Yves Smith 5:05 am

• Links 2/11/13
  by Lambert Strether 4:55 am

• Wolf Richter: What Do They Know That We Don’t?
  by Lambert Strether 4:55 am

• A Presidential Decision That Could Change the World: The Strategic Importance of Keystone XL
  by Lambert Strether 1:30 am

February 10, 2013

• Links 2/10/13
  by Lambert Strether 6:55 am

• Obama’s Prefabricated Henhouse: Notes on The 2013 Inaugural Address, Part I
  by Lambert Strether 6:04 am

• Koch Brothers Driving Keystone XL Pipeline from Canada to Cut Out Venezuelan Oil
  by Lambert Strether 1:00 am

February 9, 2013

• Links 2/9/13
  by Yves Smith 4:15 am

• Is the Euro Crisis Over?
  by Yves Smith 3:18 am

• Neil Barofsky Tells Jon Stewart How the Ego and Narcissism of Washington Preserve a Broken Status Quo
  by Yves Smith 2:49 am

• Blizzard Reader Bleg
  by Yves Smith 12:08 am

February 8, 2013

• Links 2/8/13
  by Yves Smith 5:30 am

• The Island Dispute Between China and Japan: The Other Side of the Story
  by Yves Smith 5:30 am

• Quelle Surprise! New York Times Takes Up Empty Threats by Rich Over Taxes
  by Yves Smith 4:42 am

• Credit Ratings Agencies Are Pimps of Wall Street – It’s Time to Ban Them!
  by Yves Smith 2:41 am

February 7, 2013

• Neil Barofsky: Geithner Doctrine Lives on in Libor Scandal
  by Yves Smith 1:55 pm

• Links 2/7/13
  by Yves Smith 6:22 am

• Bank of America Foreclosure Reviews: How the Cover-Up Happened (Part IVB)
  by Yves Smith 5:19 am

• Europe’s Imbalances Widen
  by Yves Smith 3:34 am

• Philip Pilkington: The Fear Industry – Austrian School Propaganda and the Gold Market
  by Yves Smith 3:11 am

• Reader eBook Bonus: “Capitalism Unmasked”
  by Yves Smith 2:23 am

February 6, 2013

• Links 2/6/13
  by Yves Smith 4:22 am

• Judge Rakoff Delivers Big Blow to Bank of America and JP Morgan in Flagstar Mortgage Putback Ruling
  by Yves Smith 3:21 am

• Yanis Varoufakis: The Neoclassical Economist as Playwright
  by Yves Smith 2:16 am

• Marcy Wheeler: This Isn’t the Memo You’re Looking For
  by Yves Smith 1:45 am

• Reader Notices Plus Blegs
  by Yves Smith 12:20 am

February 5, 2013

• Links 2/5/12
  by Yves Smith 6:50 am

• Should We Take the Department of Justice’s Suit Against Standard & Poor’s Seriously?
  by Yves Smith 4:23 am

• Lynn Parramore: Obsolete Humans? Why Elites Want You to Fear the Robot
  by Yves Smith 1:36 am

• Government Borrowing Explained: A Guide for Urine Drinkers
  by Yves Smith 1:20 am

• Occupy the SEC Weighs in on Nomination of Mary Jo White to Head the SEC
  by Yves Smith 12:53 am

February 4, 2013

• Will Federal Home Loan Banks’ Lawsuit Derail Bank of America’s $8.5 Billion Settlement?
  by Yves Smith 1:00 pm

• Links 2/4/13
  by Yves Smith 6:50 am

• Congress Begins Investigation of Botched Foreclosure Review Cover-Up Settlement
  by Yves Smith 6:15 am

• Bill Black: Yglesias Mimics “Mankiw Morality” and Bashes Bastiat
  by Yves Smith 1:03 am

• Reflections on the Current Belief That Housing Will Come Roaring Back
  by Yves Smith 12:05 am

• Dan Dicker: Aubrey McClendon and the Destruction of the Natural Gas Market
  by Yves Smith 12:01 am

February 3, 2013

• Links 2/3/13
  by Yves Smith 4:58 am

• Expert Witnesses Starting to Take on Forgeries in Foreclosures
  by Yves Smith 4:20 am

• Does Religion Serve a Purpose?
  by Yves Smith 2:19 am

February 2, 2013

• Links Groundhog Day
  by Yves Smith 6:47 am

• The BLS Jobs Report Covering January 2013: Terrible Month, Great Report
  by Lambert Strether 5:55 am

• Tom Ferguson Saw the Disheartening Future of American Politics 25 Years Ago
  by Yves Smith 1:58 am

February 1, 2013

• Links 2/1/13
  by Yves Smith 6:19 am

• Yet Another Cost of Doing Business Fine: Lender Processing Services Settles with 46 Attorneys General for $127 Million
  by Yves Smith 6:05 am

• IRS Anticipates Cheapest ObamaCare Family Plan Will be $20,000 in 2016
  by Yves Smith 5:14 am

• Bill Black: Yglesias Pours the Geithner, Holder, Breuer (GHB) Banksters Immunity Doctrine in our Drinks
  by Yves Smith 1:24 am

• Quelle Surprise! Prosecutors Get Tough on Mortgage Fraud….At an Itty Bitty Bank
  by Yves Smith 12:15 am