Yesterday, I wrote an article entitled Why Progressive Austerians do the Greatest Damage. The article was prompted by a column written by Brad Plumer. Plumer commented on my article, expressing his disagreement with my characterization of his position.
William Black on JP Morgan and the Failure to Regulate Wall Street Fraud- Video
To many people, it seems paradoxical that conservatives target not the worst social programs, but the best. There is no paradox. Bad government programs are desirable from the right’s perspective – they discredit government intervention. Good … Continue reading →
JPMorgan’s flacks and apologists have, unintentionally, exposed the fact that their cover story – hedging gone bad – is false. JPMorgan runs the world’s largest gambling operation in financial derivatives. The New York Times reported the … Continue reading →
JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives
Today Germany is the Big Loser, Not Greece
By Marshall Auerback Given the German electorate’s long standing aversion to “fiscal profligacy” and soft currency economics (said to lead inexorably to Weimar style hyperinflation), one wonders why on earth Germany actually acceded to a “big and broad” European Monetary … Continue reading →
Michigan Governor Rick Snyder secured passage of “Public Act 4, the Local Government and School District Fiscal Accountability Act. The Act allows the Governor to appoint emergency managers (EMs) for any government in Michigan. The EM has unlimited dictatorial powers.
The market keeps taking out support levels as if they’re not there, and cycle projections keep dropping. Long term indicators are beginning to hint at…
The Merkel Myths that are Devastating Europe
By William K. Black (Cross posted from Benzinga.com) German Chancellor Merkel wishes to stamp out any belief that there is a “magic bullet” to deal with the renewed euro zone crisis.