Creditor suits against private equity kingpins Apollo and TPG for the failed Caesars’ deal have already revealed a lot of dirt, with more sure to follow.
Read more...Krugman is increasingly discrediting himself as a commentator on economics.
Read more...Jamie Dimon likes to write grandiose letters to shareholders. This year’s version is no exception.
Read more...The more you look at negative interest rates, the harder it is to find anything to like.
Read more...Europe’s banks are in retreat from playing a global investment banking role.
Read more...Credit booms are not rare and usually precede financial crises. However, some end in a crisis while others do not. This column argues that credit booms start with an increase in productivity, which subsequently falls much faster during ‘bad booms’. When this decline is severe enough, it changes the informational regime in credit markets, leading to a drying up of credit. A crisis may be the result of an exhausted credit boom and not necessarily of a negative productivity shock.
Read more...Why the hidden health cost of the financial crisis will span decades.
Read more...This month’s TaxCast features Bill Black on the Whistleblowers United regulatory reform proposals plus why tax amnesties are a bad idea.
Read more...State court abuse of the principle of res judicata, out of reluctance to give borrowers “free houses,” encourages poor foreclosure practices and causes broader social harm.
Read more...How many of the textbook explanations of the Great Depression were proven wrong, yet despite that, were misapplied to the Great Recession.
Read more...Classical economics recognized the costs of rent extraction, excessive borrowing, and encouraging speculation over commerce. Ideologues have turned those lessons on their head.
Read more...Energy-bust inflicted to banks and other lenders has only just begun to bite.
Read more...Michael Hudson speaks with Justin Ritchie on his favorite topics, such as debt deflation, austerity, classical economists on rentiers, and the coming financial cold war.
Read more...Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.
Read more...The Financial Crisis Inquiry Commission released a raft of documents from its 2010 investigation, including interviews with senior government officials like Alan Greenspan, Hank Paulson, and Sheila Bair, as well as other individuals deemed to be prominent like Warren Buffett and subprime short-seller Steve Eisman. It’s hard to see the justification for keeping information from […]
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