“Finance is Just Another Industry”
A debunkng of the claim that finance is special and should be treated accordingly.
Read more...Author Archives: Yves Smith
TSA as Example of Privatization Playbook: Make an Agency Perform Badly By Underfunding It….
A case study of how privatization vultures weaken public agencies so as to turn them into their prey.
Read more...Vancouver Mayor Mulls Empty Homes Tax
Vancouver ponders a long-overdue measure to target residential real estate warehousing.
Read more...Hensarling’s “Market Regulation” Replacement to Dodd Frank Proves He Does Not Understand Banking
Yves here. Steve Waldman wrote a definitive post in 2009, Capital can’t be measured, on a core issue that Black discusses here. A key section: So, for large complex financials, capital cannot be measured precisely enough to distinguish conservatively solvent from insolvent banks, and capital positions are always optimistically padded. Given these facts, and I […]
Read more...Links 6/9/16
Banks Rebel Against Negative Interest Rates
Banks have had it with negative interest rates and are starting to push back.
Read more...Transparency International Reports on Massive Corruption in the Pharmaceutical Sector – Media Hardly Notices
Health care corruption is pervasive, yet remains a taboo topic.
Read more...The Supposedly Liberal NY Review of Books Published a Very Strange Review of Chomsky’s Latest
Wading into a dispute over Chomsky’s latest book, Who Rules the World?
Read more...Gaius Publius: Puerto Rico Democratic Party Reduced Primary Votes to 8% of What Was Expected
“Looks like the Clinton-led Democratic Party isn’t even trying to hide this stuff any more. Looks like they don’t think they need to. “
Read more...Can Philosophy Stop Bankers From Stealing?
How can bankers be persuaded or coerced into behaving better?
Read more...Global Development and Environment Study Finds TPP Will Cost US Nearly 500,000 Jobs
A critique of the cheery studies on the impact of the TPP and the sobering results that come from using a more realistic model.
Read more...Links 6/7/16
CalPERS-TH Lee Row Over Private Equity Fee Abuses Demonstrates Failure of SEC Oversight
CalPERS’ inability to get TH Lee to disgorge ill-gotten fees shows how hopelessly one-sided private equity investing really is.
Read more...Michael Hudson: Millions Around the World Fleeing from Neoliberal Policy
Hudson tallies the high cost of neoliberal ideology.
Read more...Congratulations to Readers! We Hit 750,000 Comments!
Commemorating an important milestone for our lively comments section.
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