What parts of the financial system are most vulnerable to a crash?
Private Equity
Michael Hudson gives a wide-ranging talk on SVB and other recent bank collapses, focusing on the considerable role of misguided Fed policies
Peeling back more layers of the SVB implosion and its broader implications.
An over-zealous Fed pushed a few banks, including the big and super connected Silicon Valley Bank, over the edge. A bailout was a given.
How severe might the contagion from the Silicon Valley Bank failure be? And who will suffer most: tech land or other banks?
"I've had fear and now this just put the anxiety over the top," said one local resident.
Yet more private equity corruption! And see how little it costs to buy the assent of public pension fund employees.
That light at the end of the public pension fund tunnel is the headlight of the underfunding train bearing down on them.
I certainly hope Norfolk Southern's owners are happy!
DOJ says it’s going to crack down as lawsuits pile up against real estate Goliaths and US officially becomes a “rent-burdened nation.”