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Kucinich on Creating Jobs in America

I normally steer away from political posts, but this two part interview with Dennis Kucinich on Keith Olbermann’s Countdown focuses on economic issues. The interviewer was throwing softballs, but the...

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“Summer” Rerun: Why Big Capital Markets Players Are Unmanageable

This post first appeared on July 8, 2009 John Kay comes perilously close to nailing a key issue in his current Financial Times comment, “Our banks are beyond the control of mere mortal” in that he very...

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Adam Davidson, the 1%’s Lord Haw-Haw, Fellates Wall Street

Although I endeavor to treat high dudgeon as an art form, it is difficult to find words adequate to convey the level of ridicule and opprobrium that Adam Davidson’s latest New York Times piece, “What...

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Quelle Surprise! SEC Fails to Sanction Big Banks for Fraud

Ed Wyatt of the New York Times has released an important story tonight on how the SEC goes easy on big banks by giving them exemptions to laws meant to stop securities fraud. This report stands in...

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Debunking the Myth That an SEC Capital Rule Change Helped Cause the Crisis

There is a great post by Bethany McLean at Reuters debunking a major “what caused the crisis” urban legend. Many, including Joe Stiglitz and Alan Blinder, have claimed that an SEC 2004 rule change...

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Goldman Ex-Prop Traders Flopping on Their Own

John Whitehead is being proven right. The former Goldman co-chairman took the unheard of step of excoriating Lloyd Blankfein for Goldman’s “shocking” pay levels of 2006. As anyone who has been...

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Mirabile Dictu! Goldman CEO Lloyd Blankfein Makes Case for Breaking Up Big Banks

Goldman seems to be making a renewed effort at PR in the wake of the letter by derivatives staffer Greg Smith accusing the firm of caring only about profits and treating customers as stuffees...

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Bob Diamond Performs “Je Ne Regrette Rien”

As much as I would have liked to have seen the Bob Diamond testimony before Parliament yesterday (a previously booked flight ruled that out), I should probably consider myself lucky. Comments by...

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The Most Dangerous Choice for SEC Chairman

This is Naked Capitalism fundraising week. 561 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar or another...

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Parking Basel: A Case Study of How Banks Stymie Regulatory Reform

This is Naked Capitalism fundraising week. 827 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar or WePay in...

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Occupy the SEC Weighs in on Nomination of Mary Jo White to Head the SEC

Occupy the SEC has released one of its characteristically well-though-out and documented letters, in the form of questions it would like to see raised during the Senate hearings on the nomination of...

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Michael M. Thomas’ Solution to the Crisis

Now, if only anyone had listened…. By Michael M. Thomas, who figured out Wall Street was not all it was cracked up to be before most of you were born. Originally published at his Midas Watch column at...

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Cathy O’Neil: Black Scholes and the normal distribution

By Cathy O’Neil, a data scientist. Cross posted from mathbabe There have been lots of comments and confusion, especially in this post, over what people in finance do or do not assume about how the...

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David Dayen: SEC Convenes Foot-Dragging Roundtable on Rating Agency Reform,...

By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen A few months ago, I wrote a story for The American Prospect about the credit rating...

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House Republican GSE Bill Would Codify MERS, Pre-Empt Private Property Rights

By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen The top Republican on the House Financial Services Committee has tucked a provision into...

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Has the Shale Bubble Already Burst?

By Igor Alexeev. Cross-posted from Oil Price Just like the famous Gold Rushes of the 19th century, US shale gas development is turning out to be a limited and regional market opportunity. Across the...

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Wolf Richter: Bubble Trouble: Record Junk Bond Issuance, A Barrage Of IPOs,...

By Wolf Richter, a San Francisco based executive, entrepreneur, start up specialist, and author, with extensive international work experience. Cross posted from Testosterone Pit. When Blackstone’s...

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David Dayen: FHFA Will Secure Up to $28 Billion From Banks in Its MBS Lawsuit

By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen An analysis at Bloomberg Law puts some numbers down that I hadn’t seen all in one place...

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Cantor’s Loss a Triumph for Anti-Corporate Right-Wing Populism

Cantor's loss probably had many fathers. It may be as simple as this: polls always show that voters hate Congress but love their Congressmember, and Cantor, who had a whole mess of new, more...

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Corporate Bond Trading a Casualty of QE and ZIRP

The Financial Times has an article on how corporate bond dealers are going to create a new trading hub to try to preserve their market position while "boosting liquidity" in the market. Narrowly...

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