So Who Gets to Pay for Italy’s Banking Crisis?
The pretense that even Monte dei Paschi can be bailed out privately is being abandoned. So how will Italy’s sick banks be salvaged?
Read more...Author Archives: Yves Smith
Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...Links 12/15/16
NBC Evening News in Denver Defames Naked Capitalism
A NBC News affiliate singles out Naked Capitalism, and Naked Capitalism only, as a fake news site and tells viewers not to watch or share it.
Read more...Greece and Creditors in Showdown Again
Greece tried a surprise move to slip the creditors’ leash. Sadly, it’s not likely to succeed.
Read more...As China Fortifies Its Little Islands, PACOM Moves F-22s to Darwin
China and the US are making thread displays at each other. Not big ones, but still meant to be noticed.
Read more...Washington Post Backlash: Black Agenda Report, Counterpunch, and Paul Craig Roberts Join Us in Second Demand Letter Retraction and Apology for Defamatory “Propaganda” Story
More sites team up to take on the Washington Post and the new “Russian propaganda/fake news” McCarthyism.
Read more...GOP Plans to Gut Social Security
Social Security is on the chopping block. Get the word out.
Read more...Developer of B.S. Detector Apologizes for Including Naked Capitalism in “Fake News” Tool, Yet Fails to Take Responsibility for Non-Transparent Process and McCarthyite Nature of Project
The developer of B.S. Detector apologized for including Naked Capitalism. Unfortunately, his note is revealing, and not in a good way.
Read more...The Washington Post Responds to Our Letter Demanding a Retraction and Apology for Its Article Defaming Naked Capitalism and Other Sites
The latest exchange in our effort to obtain a sorely overdue retraction and apology from the Washington Post.
Read more...Wolf Richter: Is it Just Trump Tower? Or is the Entire New York City Housing Bubble Unwinding?
To what degree is Trump Tower a canary in the coal mine for New York City’s residential real estate market?
Read more...Socio-Economic Determinants of the Italian Referendum Vote
More proof that the Italian rejection of Renzi’s constitutional reform referendum was not a simple “populist uprising”.
Read more...Bill Black: After 30 Years of Throwing Working People Under the Bus, Democratic Party’s “Centrist” Leaders Remain Clueless About Voter Revenge
The Democrats abandoned the working classes long ago and like an abusive spouse, never thought their victims would leave them.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...
