TARP Resistance is Futile: Zombie Community Banks Targeted by Former Treasury...
Submitted by EconomicPolicyJournal.com Only days ago, we learned from the Financial Times that the 19 largest US banks are $50 billion short of meeting new capital requirements under Basel III...
View ArticleLive Webcast Of Jamie Dimon Hearing
The crony capitalist show must go on: those bribed by Jamie Dimon are about to ask question of the same person. That this theatrical hearing will be a farce is by now well known by absolutely everyone,...
View ArticleCiti's Buiter: Greece will be forced out of the euro regardless of who wins...
New Democracy. Syriza. Doesn't matter. According to Citi's senior political analyst Tina Fordham, chief economist Willem Buiter, and global economist Ebrahim Rahbari, "any new Greek government,...
View ArticleAnd Now, For The Prime Attraction: Subordination Vs Moral Hazard
We have long been concerned at the implicit and explicit subordination of both financial and sovereign bondholders in Europe by the actions of their overlords political elite in pursuit of short-term...
View ArticleBecause Someone Had To Say It
Too Little Too Late By George Mantor Hello? Hello? Is anybody out there? Where did you go? The silence is deafening. Well, except for the sirens. Have you noticed that they are getting closer and...
View ArticleGuest Post: Another European Summit, Another Beggars At The Feast Spectacle?
Submitted by J.Luis Martin, director of Trumanfactor.com, first published in El Confidencial Another European Summit, Another Beggars At The Feast Spectacle? And here I'm breaking bread With the upper...
View ArticleRoubini Confident Europe's Born Again Virgins Will Not Satisfy Germany
In an excellent summary of the world's interconnected nature, reliance on everyone else to solve their problems, and Europe's epicentric catastrophe, Nouriel Roubini joined Bloomberg TV's Tom Keene for...
View ArticleMainstream Economics is a Cult
Neoclassical Economics Is Based on Myth Neoclassical economics is a cult which ignores reality in favor of shared myths. Economics professor Michael Hudson writes: [One Nobel prize winning economist...
View ArticleThe Big Banks are Amateurs When It Comes to Manipulating Interest Rates
The Biggest Manipulators of All People are justifiably furious over the big banks' manipulation of hundreds of trillions of dollars of assets. This violates the banks' most central function: loaning...
View ArticleAnswering The Open Questions On Europe's Bailout Fund
Despite the ongoing barrage of pronouncements out of Europe on a weekly if not daily basis, discussing the imminent launch and even more imminent success of the ESM, the reality is that many questions...
View ArticleThe European Debt Mutualization Options Matrix
Heading into the EU Summit at the end of June, talks about potential debt mutualization proposals to deal with the eurozone debt crisis had gained momentum. Ultimately, as Barclays points out, the...
View ArticleFailing to Break Up the Big Banks is Destroying America
The Size of the Big Banks Is - Literally - Destroying the Rule of Law Pulitzer prize-winning journalist Ron Suskind quotes Treasury Secretary Timothy Geithner as saying: The confidence in the system...
View ArticleGuest Post: The Eminent Domain Mortgage Heist
Submitted by John Aziz of Azizonomics The Eminent Domain Mortgage Heist Matt Taibbi: Something very interesting is happening. There’s been so much corruption on Wall Street in recent years, and the...
View ArticleOn 'Silly Season' And The Danger Of European Politicians
The coincidence of comments from Germany - both the Bundestag's Hasselfeldt "If a country is not in a position to fulfill its obligations, or is unwilling to, then it must leave the Euro zone"; and...
View ArticleEurope Is Japan? Goldman Expects ECB To Become The BOJ, Purchase Private Assets
Goldman's ex-employee Mario Draghi is in a box: he knows he has to do something, but he also knows his options are very limited politically and financially. Yet he has no choice but to escalate and...
View ArticleStolper Alert: Goldman Says To Go Long EURUSD With 1.30 Target
For months everyone was confused, like lost lambs in a sea of noise and 500x leverage, not knowing how to navigate the stormy, choppy FX seas. Now we know. For that beacon of anti-precision, the man,...
View ArticleRoosevelt: “To Dissolve the Unholy Alliance Between Corrupt Business and...
Why Is Corruption So Widespread? Liberals love Franklin Delano Roosevelt ... and conservatives hate him. But both liberals and conservatives are inspired by the wise, non-partisan words of the...
View ArticleGuest Post: The Cantillon Effect
Submitted by John Aziz of Azizonomics The Cantillon Effect Expansionary monetary policy constitutes a transfer of purchasing power away from those who hold old money to whoever gets new money. This is...
View ArticleGuest Post: A Matter Of Trust - Part Two
Submitted by Jim Quinn of The Burning Platform A Matter Of Trust - Part Two This is Part 2 of my three part series on trust. Part 1 addressed the history of bubbles and busts and the role trust plays...
View ArticleCiti's Buiter On Europe's Bumble And Stumble To Large-Scale Restructuring
While still of the belief that a wholesale disintegration of the European Monetary Union remains a distinct tail-risk event, Citigroup's chief economist Willem Buiter succinctly summarizes his core...
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