Rail Workers Warn Safety Bill Loopholes Are Big Enough to ‘Run a Freight Train Through’
Post East Palentine rail safety reform proposals are embarrassingly unserious.
Read more...Category Archives: Risk and risk management
Jim Chanos: The Golden Age of Fraud in Finance
Famed short seller Jim Chanos discusses the ever-rising role of fraud in the US financial system and his views of China.
Read more...Why, Despite RAND’s Recommendation, the Ukraine War Is Unlikely to End in a Negotiated Settlement
The timing of a Blinken interview and a RAND paper release points to elite splits over Ukraine. Sadly the warmongers are still in charge.
Read more...Why Are We So Afraid of Nuclear Power?
Nuclear energy is greener than renewables and safer than fossil fuels. But people seldom make decisions based on facts.
Read more...Crypto-Focused Silvergate Bank Got De Facto Backdoor FDIC Bailout via $4.3 Billion Federal Home Loan Bank Advance
More crypto chicanery! How crypto-focused bank Silvergate got a very big ticket rescue from a quasii-government mortgage banker’s bank.
Read more...A Crisis Is Looming For The U.S. Energy Grid
The US plans to further stress its grid with electricity vehicle demands, with no plans for upgrades.
Read more...FTX/Alameda’s Caroline Ellison and Gary Wang Sign Plea Deals for Seven Felonies in Hopes of Reduced Sentences; New SEC Filing Adds Charges Based on Deeming FTT a Security
More shoes drop in the FTX saga as Caroline Ellison and Gary Wang cooperate with officials and we get an idea of the tales they are telling.
Read more...Notes on SBF’s Indictment and SEC/CFTC Civil Suits, Incarceration, Meetup with Reality
SBF’s fortunes just took a big nosedive, or for the more jaundiced, got marked to market.
Read more...Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense
Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)
Read more...A Quick Note About Additional FTX Sleaze
Some shady FTX behavior that hopefully won’t be lost in the shuffle of new revelations.
Read more...The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story
A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.
Read more...Satyajit Das: A Disordered World – Part 2: Susceptibilities
Satyajit Das continues his tour of the breakup of the world order, here focusing on financial/economic dislocations and dysfunctional elites
Read more...The Inevitable Financial Crisis
We’re again in the Wile E Coyote phase of a financial crisis, but this time, the real economy problems are far worse than in 2008.
Read more...Satyajit Das: Emerging Market Crisis Pathologies
Why emerging markets look set to suffer a world of hurt.
Read more...What Should You Do During a Flood? Stay Out of the Water
Some practical flood advice.
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