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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...

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Live 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,...

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Citi'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,...

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And 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...

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Because 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...

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Guest 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...

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Roubini 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...

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Mainstream 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...

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The 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...

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Answering 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...

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The 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...

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Failing 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...

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Guest 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...

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On '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...

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Europe 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...

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Stolper 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,...

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Roosevelt: “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...

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Guest 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...

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Guest 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...

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Citi'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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