Data, Reality and Diminished Human Capital
Bobswern and teacherken have posted diaries using Bob Herbert's latest column as a point of departure. I would like to use this column as well to explore some points that touch on some aspects that...
View ArticleWilliam Black on Compromised Regulators and Law Enforcement
Cross-posted at macroindex.William Black is a professor of economics and law at the University of Missouri-Kansas City School of Law. He was the senior regulator during the S&L crisis of the...
View ArticleBritain's 21st Century Glass Steagall Act
There is some irony here. Britain's banking industry was touted as a model for the brave new world of finance in the 1990s. This model served as the impetus for passing the Gramm-Leach-Bliley Act. The...
View ArticleTwist and Shout
The Federal Reserve's 'Operation Twist' is the wrong medicine at the wrong time. It has succeeded in stoking sentiment that our economic ship is in much more dire straits than has been previously...
View ArticleLibor Scandal Spreads; More Testimony Scheduled
It is almost quaint that only five banks are mentioned in this Reuters story about the Libor rate-rigging scandal. Barclays leads the way being the first bank to be hit with nearly a half billion...
View ArticleLibor Stands to Overwhelm Banks
The Libor scandal continues to grow. Now that we have a clear idea of how the deception was perpetrated, one can develop an appreciable sense of how this scandal will develop in Europe and, eventually,...
View ArticleThe Libor Scandal's Giddy Enablers Are Preparing to Roast
Sometimes an avalanche of information can make correlations -and finding direction in correlations- very difficult. The Libor rate-rigging scheme has provided a focus that cuts through abundant...
View ArticleA LIBOR Manipulation Primer (wonkish)
The London Interbank Offered Rate (LIBOR) is arguably the single most important short-term interest rate in the world. Loans for mortgages, credit cards, small businesses and automobiles are just a few...
View ArticleThe Lie of "Trickle Down" Economics
Presidential candidate Mitt Romney's wealth has focused increased scrutiny on America's trickle down fiscal policy and offshoring of wealth. Both have been to the benefit of a very small percentage of...
View ArticleWill LIBOR Reveal Geithner and King as Stupid? Corrupt? Both?
The "no one could have imagined" excuse is worn thin.Raúl Ilargi Meijer of The Automatic Earth asks the hard questions about why banks have been allowed to pillage trillions of dollars from the world...
View ArticleRomney Really Knows How to Create Jobs
The daily lunchtime email blizzard provided something interesting. And cruel. And nauseating.A new video presents employees at Sensata Technologies commenting on a recently leaked video in which...
View Article$1 Trillion Coin No More & Thought Experiment
The stroke of brilliant political brinksmanship has met its end. The plan to cover authorized expenditures the require raising the debt ceiling with a trillion dollar coin has been nixed by the Federal...
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