Banking industry
Looking for the Private Equity Lending Train Wreck in All the Wrong Places?
How immient is a bust in private equity related debt?
How Bankers Hide Losses
Like master illusionists, bank accountants conceal losses from federal regulators, putting the whole economy at risk
It’s Time for a Debt “Jubilee”
Households and businesses are overloaded with debt. Richard Vague offers a set of proposals for how to restructure it.
Democracy Scares, from the Destruction of Bryan to the Abdication of Bernie: Why America Desperately Needs a Second Populist Movement but Ain’t Gonna Get One an interview + Review of The People, No! A Brief History of Anti-Populism by Thomas Frank
Thomas Frank explains why populist campaigners face such a hostile environment now.
Michael Hudson: How an “Act of God” Pandemic Is Destroying the West: The U.S. Is Saving the Financial Sector, Not the Economy
The coronavirus’ effect has been to help defeat the financial sector’s enemy, governments strong enough to regulate it.
More Giveaways to Capitalist Finance? It’s High Time To Change the Objective
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
How Do Banks Create Money?
A short primer on banks from a Modern Monetary Theory perspective.
Former Board Member Jelincic: CalPERS Claims It Is Protecting Confidential, as in Criminal, Informants in Hiding Details About Lending
CalPERS made damaging statements to justify withholding information about private loans. That suggestswhat it was hiding is even worse.
Mortgage Delinquencies Jump by Most Ever. 60-Day Delinquencies Hit Highest Level Ever. Record 16% of FHA Mortgages Delinquent. What a Mess
A spike in mortgage delinquencies says more bad results are coming, particularly with no new stimulus in sight.