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Tag Archives: too big to fail
Notes from the Locked Ward
Notes from the Locked Ward The remaining Americans sound-of-mind must view the primary election spectacle with mounting sensations of wonder, nausea, and panic. It’s one thing for the financial system to crack up, and another thing for social norms to disintegrate, and still another for the political system to become a locked ward of obvious […]
Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives
Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives Did you know that there are 5 “too big to fail” banks in the United States that each have exposure to derivatives contracts that is in excess of 30 trilliondollars? Overall, the biggest U.S. banks collectively have more than 247 trilliondollars of exposure to derivatives contracts. That is […]
Why Is Wealth/Income Inequality Soaring?
Why Is Wealth/Income Inequality Soaring? If conventional labor and finance capital have lost their scarcity value, then the era in which financialization reaped big profits is ending. Why is wealth/income inequality soaring? The easy answer is of course the infinite greed of Wall Street fat-cats and the politicos they buy/own. But greed can’t be the only […]
Why Big Tech May Be Getting Too Big
Why Big Tech May Be Getting Too Big Conservatives and liberals interminably debate the merits of “the free market” versus “the government.” Which one you trust more delineates the main ideological divide in America. In reality, they aren’t two separate things and there can’t be a market without government. Legislators, agency heads and judges decide […]
There Are Indications That A Major Financial Event In Germany Could Be Imminent
There Are Indications That A Major Financial Event In Germany Could Be Imminent Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest […]
Fourth Turning: Crisis of Trust
Fourth Turning: Crisis of Trust “Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault […]
Is the Stock Market Now “Too Big to Fail”?
Is the Stock Market Now “Too Big to Fail”? Who knows what will trigger Fed intervention; that information is asymmetric, i.e. only known to Fed insiders. Correspondent Bart D. recently speculated that the U.S. stock market was now “too big to fail,” that is, that it was too integral to the global financial system and economy […]
TBTF Mega Banks Lowering Downpayments and Credit Standards to Keep High End Housing Market Going
TBTF Mega Banks Lowering Downpayments and Credit Standards to Keep High End Housing Market Going What do you do when even wealthy people begin to face an increasingly hard time purchasing a home in a vertical market completely disconnected from income trends? You reduce downpayments and lower credit standards, of course. Where have we seen this […]
Why We Are All Now Cypriots-to-bein the New Age of Bail-Ins
Why We Are All Now Cypriots-to-bein the New Age of Bail-Ins According to the mostly ignored and hardly covered piece of newsfrom a couple of weeks ago, it turns out that 11 of the 28 European Union countries have been scolded by the European Commission for failing to implement a new set of rules intended to prop up […]
There Is No Solution To The Crisis
There Is No Solution To The Crisis A long, long time ago… it was the 16 September 1992, Black Wednesday, when the British Government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism(ERM) after it was unable to keep the pound above its agreed lower limit in the ERM. A certain […]
Our Banking System is a Giant House of Cards
Our Banking System is a Giant House of Cards It Could Fall On You. Anat Admati teaches finance and economics at the Stanford Graduate School of Business and is co-author of The Bankers’ New Clothes, a classic account of the problem of Too Big to Fail banks. On May 6th, at the Finance and Society Conferencesponsored […]
Spanish Judge Violates Global Rule, Makes Bank President & Former IMF Chief Pay for Financial Crimes
Spanish Judge Violates Global Rule, Makes Bank President & Former IMF Chief Pay for Financial Crimes Bankers never go to jail. This is one of the unwritten new laws to which most of us have grown wearily accustomed in this new post-crisis reality. Also begrudgingly taken for granted is the fact that a banker’s fortune will […]
New rules proposed to put an end ‘too big to fail’ banks | Reuters
New rules proposed to put an end ‘too big to fail’ banks | Reuters. (Reuters) – Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses. Mark Carney, chairman of the Financial Stability Board and Bank of England governor, said the […]
