Citi’s latest run-in with regulators shows why comparing big banks “too big/complex to fail” problems to those of Big Tech is all wet.
Recent Items
Monday, November 24, 2025
Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem
Topics: Banana republic, Banking industry, Credit markets, Doomsday scenarios, Federal Reserve, Globalization, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 5:37 am | 21 Comments »
Michael Klare: How the US Plays Nuclear Chicken with Russia and China
eeping tabs on US nuclear provocations of Russia and China.
Topics: Banana republic, China, Doomsday scenarios, Guest Post, Politics, Risk and risk management, Russia
Posted by Yves Smith at 5:14 am | 27 Comments »
Why the Phrase “Access to Health Care” Should Always Pin Your Bullsh*t Detector (and You’re Not Alone)
How the ubiquitous phrase “access to health care” erases financial and “administrative burdens,” a fact now only beginning to be recognized by health are professionals.
Topics: Health care, Politics
Posted by Lambert Strether at 3:55 pm | 65 Comments »
Links 10/11/2020
Topics: Links
Posted by Lambert Strether at 6:58 am | 269 Comments »
Low Labour Shortages Can Help Explain Sluggish Wage Growth
Real-time indicators based on qualitative survey data provided an overly optimistic picture of labour market conditions and wage growth in the aftermath of the Great Recession.
Topics: Dubious statistics, Globalization, The destruction of the middle class
Posted by Lambert Strether at 6:50 am | 14 Comments »
Links 10/10/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 204 Comments »
Pandemic Erects Barriers for Prized Bloc of Voters in Nursing Homes, Senior Facilities
How voters in retirement facilities are being disenfranchised.
Topics: Banana republic, Guest Post, Legal, Pandemic, Politics, Regulations and regulators
Posted by Yves Smith at 6:07 am | 7 Comments »
Rana Foroohar and Mark Blyth: How Deep Will the Depression Get?
Rana Roroohar and Mark Blyth discuss the elections, tech, China, and Covid v. recovery with Paul Jay.
Topics: China, Doomsday scenarios, Economic fundamentals, Energy markets, Environment, Europe, Federal Reserve, Free markets and their discontents, Global warming, Globalization, Guest Post, Income disparity, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 5:50 am | 54 Comments »
2:00PM Water Cooler 10/9/2020
By Lambert Strether of Corrente Patient readers, brunch ran a little late. More soon! –lambert UPDATE And then my mailer, as it does, decided not to send me my research, after behaving nicely for some days. Aaargh! UPDATE All done, sadly leaving far too much on the cutting room floor…. Bird Song of the Day […]
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 180 Comments »
‘A Definite and Sustained Increase’: Europe Leads Record Single-Day Worldwide Covid-19 Infection Surge
Europe reported nearly 100,000 new Covid-19 infections on Thursday—more than in the U.S., India, and Brazil, the world’s Covid-19 case leaders
Topics: Dubious statistics, Europe, Health care, Pandemic
Posted by Yves Smith at 9:55 am | 66 Comments »
Links 10/9/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 183 Comments »
CalPERS CEO Marcie Frost Says She’s Not in Charge and Lies to the Board About Receiving a Warning from the Fair Political Practices Commission
CalPERS CEO Marcie Frost doesn’t even bother to lie well.
Topics: Banana republic, CalPERS, Corporate governance, Legal, Politics, Regulations and regulators
Posted by Yves Smith at 5:18 am | 15 Comments »
New York City Seeks to Shortchange Teachers on $900 Million of Back Pay
Another sign of increasing budget problems in New York City.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Pandemic, Politics
Posted by Yves Smith at 3:06 am | 25 Comments »
Burning Injustice: Why the California Wildfires Are a Class Crisis
The rich paid for protection from wildfires while the poor burned. A harbinger of the class divide in coming climate disasters?
Topics: Doomsday scenarios, Environment, Free markets and their discontents, Global warming, Guest Post, Income disparity, Privatization
Posted by Yves Smith at 1:06 am | 29 Comments »
2:00PM Water Cooler 10/8/2020
By Lambert Strether of Corrente Bird Song of the Day Good morning! #COVID19 At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site. Here are the United States regions: Unmistakable rise in all regions now. Ugh. Here are the Swing States as I […]
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 153 Comments »



