More JOBS Act Deregulatory Measures Found

By: Monday April 2, 2012 11:35 am

Visit for breaking news, world news, and news about the economy Yves Smith points us to a nice takedown of the woeful JOBS Act, which should get signed into law this week. Chris Hayes had Bill Black and Alexis Goldstein of Occupy the SEC on to talk about it, with Rep. Carolyn Maloney making [...]

Taxpayers Paying Heavily in Lawsuits Defending Fannie and Freddie Executives

By: Monday January 24, 2011 9:33 am

You may remember that last week, top banks openly speculated about taking the government-backed secondary mortgage market away from Fannie Mae and Freddie Mac, essentially putting securitization in the hands of the people who broke the housing market through securitization. This would be a dreadful outcome for a variety of reasons beyond the parochial ones [...]

Here We Go Again: No, TARP Is Not a “Success”

By: Wednesday October 20, 2010 12:32 pm

I feel like it’s a demented version of “Groundhog Day” for me to have to keep responding to these articles asserting financial success for the “Wall Street bailout.” I put “Wall Street bailout” in quotes because this Bloomberg article only looks at TARP, less than 2% of the total money made available to Wall Street [...]

Public Pension Fearmongering Proxy for Union-Busting

By: Wednesday October 13, 2010 9:11 am

This article will get a lot of play today: Many of the largest U.S. municipalities are understating the true size of their pension obligations by using inappropriate accounting methods, leading to $574 billion of unfunded pension liabilities, according to a study released Tuesday. Those unfunded pension benefits are in addition to $3 trillion of unfunded [...]

Biggest Banks Already Qualify Under Basel III Reforms

By: Monday September 13, 2010 10:28 am

Since the deal on the Basel accords, I hadn’t seen a whole lot of criticism of the plan, which the consensus opinion finds stronger than expected. But the counterpoints have begun to trickle in. Naked Capitalism has a rundown, though most of the criticisms have little to do with the rules themselves, but what other [...]

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