Category Archives: Banking industry

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.

More Public Pension Fund Pain: LACERS Reports Hit to Liquidity from Private Equity Capital Calls; Are Fund Managers Exploiting the Dumb Money Yet Again?

Private equity firms are sucking cash out of their limited partners at the worst possible time, exposing public pension funds in particular to liquidity crunches and fire sales.

Covid-19, The Coming Developing Country Debt Crisis and The Argentina Debt Reduction Proposal

Even the IMF backs the new debt put forward by Argentina. Could it be a model for Covid-shocked emerging economies?

Why Don’t We Just Provide an Emergency Basic Income to Businesses?

The Small Business Administration’s Payroll Protection Program has been a mess

A Payments Holiday is More Realistic Than You Think

It may be simpler to enact a payments holiday than to try to get money to the hands of individuals who desperately need it.

“Something Has Gone Wrong”: UK Government, Banks Screw Up Coronavirus Loans, Small Firms Near Collapse. Better Results in Other Countries

Quelle surprise! Big banks in the UK don’t like making small business loans, especially not at 1.5%.

Fatal Combination: Bailouts and Bank Rescues in Money-Driven Political Systems

A tidy case study into how much money it takes to buy Congressional votes.

To Fight the COVID Pandemic, Policymakers Must Move Fast and Break Taboos

To combat COVID-19, central banks, including the ECB, must cross the Rubicon of monetary financing and immediately transfer the 20%-30% of GDP this will cost into fiscal coffers.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 5)

Muni purchases are finally here

The Use and Abuse of MMT

Using government spending power to bail out financiers and rentiers makes a travesty of MMT.

The Coming Debt Crisis

Emerging market economies loaded up on debt after the crisis, which is now looking like a particularly bad move.

New York Fed, FDIC Tout “Opacity in a Banking Crisis” to Keep Corporations, Hedge Funds, PE Firms & Counterparties in the Dark about Weak Banks

An article by Fed and FDIC researchers argues for hiding banks’ dirty laundry. Too bad the authorities didn’t make banks shape up instead.

India’s Poorest Now Have Access to Basic Bank Accounts, and Many Already Received their First Cash Stimulus Payment By Last Saturday; Meanwhile the IRS May Get You Your $1200 Check in Five Months

A tale of two stimuli: the Modi government has already made some direct deposits; some Americans will wait five months to receive checks.

Coronavirus: More Wheels Coming Off

Some scattered but nevertheless telling signs of coronavirus impact.

Debt and Power: An Interview With Michael Hudson

Micheal Hudson explains how the ancient approach to managing debt is far superior to ours.