European Investment Scammers Allegedly Laundered Their Money through Scotland
Investigations by European and Ukrainian prosecutors revealed an alleged investment fraud with funds laundered via UK corporate entities
Read more...Category Archives: Banking industry
Can China’s Outsized Real Estate Sector Amplify a Delta-Induced Slowdown?
Whether by accident or design, the implosion of China’s Evergrande will take some air out of its inflated real estate sector. What then?
Read more...Michael M. Thomas, R.I.P
I am very much saddened by the death of Michael M. Thomas, from old money and high finance, and vocally unimpressed by them.
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
Read more...Climate Activists Target Banks’ Greenwashing in Nationwide #DefundLine3 Protests
Banks fund new oil pipelines that will generate climate pollution for decades. They are greenswahing their loans as ‘sustainability’ measures
Read more...The Moral Hazard of Limited Liability
Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Read more...Gurbir Grewal Takes Helm as SEC Director of Enforcement, Breaking BigLaw Stranglehold
The new SEC director of enforcement takes up his post today, the first in this position since 2005 to enter without strong recent corporate ties.
Read more...California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations
CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.
Read more...When Counterculture Goes Mainstream: A Dispatch from the 2021 Bitcoin Conference
How Bitcoin hard-core loyalists see the future of their project.
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Will Tether Bring All The Cryptocurrencies Way Down?
The more you look at the cryptocurrency Tether, the less there is to like.
Read more...Nassim Nicholas Taleb Shellacks Bitcoin and Cryptocurrencies
Nassim Nicholas Taleb explains why Bitcoin is not good for much except enriching early adopters and intermediaries.
Read more...Wolf Richter: Oh Lordy, Yellen Comes Out for Higher Interest Rates: “A Plus for Society’s Point of View and the Fed’s Point of View”
“We want them to go back to” a normal interest rate environment.
Read more...The West’s Not Very Hidden Hand in Debt Oppression in Central Asia
How World-Bank-sponsored microlending produced widespread misery in Kyrgyzstan and Kazakhstan: debt collectors use violence.
Read more...Crypto Crackdown: Only the Beginning?
If you think the officialdom is getting tough with crypto, there’s even more they can do to tighten the screws.
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