“Being a good (decision maker) begins with having the right information and mental models for how the world works” (Jim Chalmers, 2023) In his recent essay, the Treasurer of Australia Jim Chalmers has met...INET Research on Financial Sector Weakness and Too Big to Fail
After 2008 the financial system was supposed to be fixed thanks to Dodd-Frank, stress tests, higher capital requirements, and all that. Suddenly we now wake up to discover that the collapse of a single bank may mortally threaten large segments of the banking system and that authorities are reinstating the financial equivalent of Medicare for All (for financiers only). And this amid news reports that SVB leaders lobbied against regulatory restraints and higher FDIC fees and even paid out bonuses just before the takeover.
INET was founded in the wake of the 2008 financial crisis to help rethink the role finance plays in economic theory. Since then, it has broadened its mission, but this concern remains central to our purpose. INET has supported many of the best critical discussions of financial reform -- too many to list easily here. Naturally, we continue to commission and publish work in this area.
Among the L-NP's fraudulent Robodebt tactics was using the threat of Federal Police punishment as an intimidation method. read now...The bailout of Silicon Valley Bank’s depositors means every dollar in U.S. bank accounts is insured by the federal government.
The post Hooray, We Now Have Medicare for All (Bank Deposits)! appeared first on The Intercept.
“Navalny” is a slick production full of highly dubious claims, misinformation, and enough new Cold War propaganda impact to win an Oscar for best documentary. A version of this piece was originally published at The Komisar Scoop. Editor’s note: The Grayzone has amended this article, removing two claims that were not properly sourced in the article originally published by The Komisar Scoop, and replacing one regarding Navalny’s health condition with articles sourced to Intellinews and the Western-backed Russian opposition outlet, […]
The post Oscar-winning ‘Navalny’ documentary is packed with misinformation appeared first on The Grayzone.
According to The Washington Post's reconstruction of the raid in the occupied West Bank city of Nablus, Israeli military fired repeatedly into a group of civilians taking shelter between a mosque and a clinic, killing two and wounding three others.
The post 3D Analysis Shows How Israeli Troops Fired Into Group of Civilians appeared first on scheerpost.com.
In their efforts to industrialise, African states are looking beyond the traditional path of transition from agrarian to industrial economies by seeking to leverage on their natural resources, both in/on land and ocean, to power industrialisation. In this blog post, drawing from a new article in Journal of Agrarian Change, that agrarian political economy theories of industrialisation need to be advanced to cover the ocean and offshore petroleum production in Ghana.
The post Beyond Agrarian Transitions in Africa appeared first on Progress in Political Economy (PPE).
Hatchet Speed built a career as a Beltway contractor and Navy reservist while praising Putin and Hitler.
The post Pentagon Analyst Kept Intel Job After Joining Jan. 6 Mob, Planned to Kidnap Jewish Leaders appeared first on The Intercept.
The post Uh Oh appeared first on scheerpost.com.
The U.S. Treasury, Federal Reserve, and Federal Deposit Insurance Corp banded together to create the Bank Term Funding Program (BTFP — the bureaucrats are going for the laughs with the acronyms at this point), which gives 1-year financing to eligible banks against Treasury/mortgage-backed security collateral at par. They also announced that uninsured depositors at two failed banks (the known failure Silicon Valley Bank, as well as the newly-shuttered Signature bank) will be made whole.
At the time of writing, I have not seen any announced results for the auction of Silicon Valley Bank’s assets (or entire balance). This lending facility seems to be the replacement.