…loss, to “save the financial system.” From the financial sector’s vantage point, the economy is to be managed to preserve bank liquidity, rather than the financial system run to serve…

by Linda Beale crossposted with Ataxingmatter What caused the Budget Deficit (Before the Financial Crisis)? Kash on Angry Bear put together a really good graph in 2006 comparing where we…

…this year intended to make it much harder for wealthy Americans to hide assets offshore and evade paying their fair share of taxes on the income from those financial assets….

…collect “… on the possibility of closing out derivatives contracts on favorable terms in the event of a [Lehman] bankruptcy.” Mmm sure smells like financial arson to me. Read the…

…also used the assumption that financial markets are perfectly efficient when looking for ways to make profits off of financial market inefficiency which brings us to 21. Schizzo-finance. Active traders…

Robert Waldmann Goldman Sachs accused of (civil) Financial Arson I don’t want to bore readers so I’ll just mention, again, that this wouldn’t have been possible if cash settlement CDS…

A conference on financial reform has just begun at 8:00 AM today 3/3 with some major names in the lineup. It is hosted by the Roosevelt Institute and will be…

…the financial crisis by feeding millions of dangerous financial products into the economic system. Non-bank institutions were active participants in the race to the bottom among lenders. From subprime mortgage…

…to make financial markets more confusing so unsophisticated investors can be fleeced. Then I thought of a kind of financial innovation which might be profitable and useful. One financial innovation…

Sept. 29 (Bloomberg) — The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the…