Category Archives: Banking industry

Italy Once Again on the Eurozone Worry List

A new tsunami of bad debts washes ashore in Italy while banks are still struggling with the debris from the prior deluge of bad debts.

More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations

No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.

CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund

CalPERS latches on to new, really bad investment ideas.

The European Union Still Hasn’t Considered an Economic Proposal That Can Save It

The European Union has not reached a “Hamiltonian moment.” Its plans are too little, too late, hamstrung by institutional barriers to economic recovery.

Revealed: Nearly 400,000 British Companies Evade Anti-Money Laundering Checks

David Cameron promised to stop scammers and kleptocrats hiding behind British shell companies. But almost one in ten UK firms still do not declare ‘persons of significant control’

Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich

Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 7)

This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.

Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era

An incisive take from the no-holds-barred Tom Ferguson.

Michael Hudson: Debt, Liberty and “Acts of God”

How ancient societies forgave debt that became unpayable due to circumstances outside the borrower’s control.

Brexit: Posturing and Impasse

More Brexit chest-thumping.

How Germany’s Courts Might Destroy the Eurozone

Without an agreed set of rules, the eurozone cannot be sustained. Ironically, as the EU’s biggest creditor, Germany stands to lose the most from its court’s ruling.

Congress and Corporations Join Forces To Crush American Small Business

Funny how that small business bailout worked…..

Tom Ferguson: Big Business Takes Cash as Workers Laid Off, States and Cities Go Bust

Tom Ferguson and Paul Jay discuss how Democrats and Republicans distaste for accountability by finance and big corporations is playing out in the coronacrisis

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 6)

What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.

Tale of Two Cities Redux: HK to Ease its COVID-19 Restrictions, While NYC Situation Remains Dire

Hong Kong’s public health authorities protect its population from COVID-19, via use of masks; NYC, by contrast, flounders.