Congress and the White House may have been co-opted by the big lobbyists and Wall Street insiders, but you may assume that at least the third branch of government – the courts – are still following the rule of law and protecting the little guy.Unfortu…
Posts Tagged ‘Yves Smith’
The Fed Doesn’t Want Banks to Increase Lending
November 25th, 2009 |
No Comments
Tim Duy – Director of Undergraduate Studies of the Department of Economics at the University of Oregon and the Director of the Oregon Economic Forum – noticed an amazing sentence in the minutes of the most recent meeting of the Fed Open Market Committe…
Herding the Sheep
October 22nd, 2009 |
No Comments
Financial insider and commentator Yves Smith wrote an essay last week entitled “MSM Reporting as Propaganda” arguing that the government has been using propaganda to make people think that things are getting better, no one is angry, and – therefore – …
PhD Economists and Economic Professors Call For Protests
October 18th, 2009 |
No Comments
You know that the government and the giant banks are not being responsive to the needs of the economy and the American people when even PhD economists and economics professors are calling for protests.Indeed, many top experts and even politicians say t…
Taleb: “Complex Derivatives … Should Not Trade”
September 28th, 2009 |
No Comments
According to Bloomberg, Nassim Nicholas Taleb said today:To curb volatility in financial markets some financial products “should not trade,†including complex derivatives … While products such as options are acceptable, he still doesn’t underst…
Volcker: Don’t Use Taxpayer Money to Prop Up Anything But Traditional Depository Banking Functions
September 18th, 2009 |
No Comments
While many people have called for the giant, insolvent banks to be broken up, Paul Volcker argues for a different approach: making sure that the taxpayers aren’t paying for their speculative activities which lie outside of traditional depository bankin…
Why Obama Isn’t Breaking Up the Insolvent Banks
September 14th, 2009 |
No Comments
Top economists and financial experts believe that the economy cannot recover unless the big, insolvent banks are broken up in an orderly fashion.There is no logical reason not to break them up.So why isn’t the Obama administration doing so?For all of t…
The Economy Will Not Recover Until Trust is Restored
September 10th, 2009 |
No Comments
A 2005 letter in premier scientific journal Nature reviews the research on trust and economics: Trust … plays a key role in economic exchange and politics. In the absence of trust among trading partners, market transactions break down. In the absenc…
Marshall Auerback: Why Goldman Still Owes Us
July 27th, 2009 |
No Comments
They know exactly how to find leverage (no pun intended) and exploit it, and are frighteningly adept in negotiating strategy (as to what issues to run through what channels).
Congress Woman Introduces Bill to Ban All Credit Default Swaps
July 17th, 2009 |
No Comments
I’m a little late to this story, but last week Congresswoman Maxine Waters introduced a bill to ban all credit default swaps.As Waters said:Preventing all credit-default swaps is essential to bringing stability to the market and preventing a similar cr…