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Olduvai III: Catacylsm
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Federal Regulators Accuse Banks Of Not Having Credible Crisis Plans, Would Need Another Bailout

Federal Regulators Accuse Banks Of Not Having Credible Crisis Plans, Would Need Another Bailout Perhaps the biggest farce to result from the Dodd-Frank legislation designed to “rein in” banks was the ridiculous notion of “living wills” –  a concept that makes zero sense in an environment where the failure of even one bank assures a […]

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“There Are No More Dollars In The Central Bank”: Argentina’s New President Confronts Liquidity Crisis

“There Are No More Dollars In The Central Bank”: Argentina’s New President Confronts Liquidity Crisis On Monday, Mauricio Macri, the son of Italian-born construction tycoon Francesco Macri, beat out Cristina Kirchner’s handpicked successor Daniel Scioli for Argentina’s presidency in what amounted to a referendum on 12 years of Peronist rule. A legacy of defaults combined with exceptionally […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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