Banking industry

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Foreclosure Looms for Homeowners Who Thought They’d Won, Thanks to Top New York Court Ruling

Published by Anonymous (not verified) on Wed, 01/12/2021 - 1:55am in

Foreclosure suits from the financial crisis era get a new life thanks to a ruling by a conflicted New York judge.

Finance Group Fails To Deliver at COP26

Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.

Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly

Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.

Jobs Grow — Along With the Pandemic Gap Between Rich and Poor New Yorkers

Published by Anonymous (not verified) on Sat, 20/11/2021 - 1:55am in

The example of New York City shows that the rich are continuing to pull ahead during the Covid respite.

An Increase in Interest Rates Would Be An Act of Class Warfare

While increasing interest rates to combat this inflation is bone-headed, the Fed has long wanted to be out of super low rate terrain.

General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization

Published by Anonymous (not verified) on Wed, 10/11/2021 - 10:00pm in

How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.

Latest Fed Financial Stability Report Underplays Supply Chain Risk

Published by Anonymous (not verified) on Tue, 09/11/2021 - 9:45pm in

The financial press overhyped the latest Fed stabilty report's comments on China, and ignored the near total absence of supply chain woes.

Halloween Is Over – Are Corporate Zombies Still Out There?

Published by Anonymous (not verified) on Fri, 05/11/2021 - 5:01pm in

Corporate debt levels are up due to Covid. Some will businesses will not make it. Restructuring sooner is better for everyone than later.

‘Manchin Is a F**king Snake’: Progressives Urged to Keep Pushing for Both Bills

Jayapal is "letting the president" handle Manchin after he says he won't budge on the reconciliation package.