Bank Whistleblowers United
Posts Related to BWU
Recommended Reading
Click images to view details
Subscribe
Articles Written By
Categories
Archives
Blogroll
- 3Spoken
- Angry Bear
- Bill Mitchell – billy blog
- Corrente
- Counterpunch: Tells the Facts, Names the Names
- Credit Writedowns
- Dollar Monopoly
- Econbrowser
- Economix
- Felix Salmon
- heteconomist.com
- interfluidity
- It's the People's Money
- Michael Hudson
- Mike Norman Economics
- Mish's Global Economic Trend Analysis
- MMT Bulgaria
- MMT In Canada
- Modern Money Mechanics
- Naked Capitalism
- Nouriel Roubini's Global EconoMonitor
- Paul Kedrosky's Infectious Greed
- Paul Krugman
- rete mmt
- The Big Picture
- The Center of the Universe
- The Future of Finance
- Un Cafelito a las Once
- Winterspeak
Resources
Useful Links
- Bureau of Economic Analysis
- Center on Budget and Policy Priorities
- Central Bank Research Hub, BIS
- Economic Indicators Calendar
- FedViews
- Financial Market Indices
- Fiscal Sustainability Teach-In
- FRASER
- How Economic Inequality Harms Societies
- International Post Keynesian Conference
- Izabella Kaminska @ FT Alphaville
- NBER Information on Recessions and Recoveries
- NBER: Economic Indicators and Releases
- Recovery.gov
- The Centre of Full Employment and Equity
- The Congressional Budget Office
- The Global Macro Edge
- USA Spending
-
Monthly Archives: May 2012
Sinn Fein emerges as the only Honest and Economically Literate Irish Party
I was never one of the Irish-Americans who felt that Sinn Fein and the IRA were romantic groups. Yes, some of the songs of resistance are stirring, but there is nothing romantic about the IRA’s violence for many decades. Sinn Fein’s artful ambiguity about its support for peace v. the armed struggle caused me to distrust the Party’s leaders.
Share this:
Another One Bites the Dust: The ECB Pours Cold Water on Bankia Bailout Solution
It might seem strange to invoke Freddie Mercury and Queen in the context of the eurozone, but it’s the first thought that springs to mind, as Brussels and the increasingly hapless ECB, continue to mismanage their way to financial and economic catastrophe. Yesterday, there were signs that the Spanish plan to recapitalise Bankia (which came with the implied backing of the ECB’s balance sheet) introduced a potential way out of the eurozone’s metastisizing banking crisis. Sadly, it’s another idea which will never get off the bulletin board, as the ECB bluntly rejected any proposal to use its balance sheet to indirectly fund Bankia, the troubled Spanish lender
Share this:
Career Limiting Gestures (CLG): Trying to Speak Truth to Congress
At the large law firm where I began my professional career we were warned about making “career limiting gestures” (CLGs). I confess to being an expert in committing CLGs, such that I am unemployable in the federal government. Continue reading
Share this:
Posted in William K. Black
Toward Monetary Enlightenment: An Integral Approach to Macroeconomic Policy
By Dan Kervick
One staple of economic policy debate is the running conflict between those who lean toward a reliance on fiscal policy and those who lean toward a reliance on monetary policy. Continue reading
Share this:
Posted in Dan Kervick, MMT, Modern Monetary Theory, Monetary policy
We Must Not Speak Uncomfortable Truths to Power: Why I Won’t be Briefing Congress about Derivatives
When I was the Deputy Director of FSLIC, House Banking Committee Chairman St Germain was helping Speaker Wright hold the FSLIC recapitalization bill hostage to extort favors for Texas control frauds, including Don Dixon’s Vernon Savings (which was providing prostitutes to the State of Texas’ top S&L regulator and was building towards having 96% of its ADC loans in default – which is why we referred to it as “Vermin”). The attack on our agency was that we were mad dogs biased against Texas S&Ls and causing the Texas crisis by closing too many insolvent but well-run Texas S&Ls. Our response had many elements, but one of our principal points was that the Texas S&Ls we were closing were typically control frauds. At this juncture, St Germain’s staffers made a mistake. They requested that we testify on a host of issues, but the invite letter had a zinger, premised on an article saying that the Feds were slow to prosecute frauds in the Southwest. The invite specifically called for us to respond and discuss the role of fraud in the Southwest. We used the opportunity to explain the extensive role of fraud in Texas S&L failures.
Share this:
Posted in Uncategorized, William K. Black
MMP Blog 50: MMT Without the JG? Conclusion
Sorry for the interruption of the blog. Originally I had planned 52 blogs, one-year’s-worth, although along the way I added a few so that we would have run about 13 months. Here’s why: the blogs came from a book manuscript, the Modern Money Primer. The idea was that you would not only be a test audience, but that your questions and comments would allow me to revise the manuscript as we went along. And that worked. I think the manuscript was much improved because of this blog. You helped write the book.
Share this:
Posted in L. Randall Wray, MMP
Tagged ELR, job guarantee, MMT, Modern Monetary Theory, modern money theory
Embedded Examiners always married the Natives, but now their Bosses Do Hook Ups
By William K. Black
(Cross-posted from Benzinga.com)
Jessica Silver-Greenberg and Ben Protess have written an extraordinarily important column for the New York Times about embedded examiners at JPMorgan.
Embedded examiners’ are federal regulators whose normal work station is a desk at the bank. We only embed examiners for systemically dangerous institutions (SDIs) – banks so large that they pose a systemic risk to global economy.
Share this:
The Fiscal Summit Counter-Narrative: Part Three, Are There Spending Constraints On Governments Sovereign in Their Currencies?
By Joe Firestone
An issue at the core of all the fuss about fiscal sustainability is Government solvency. The deficit hawks and doves believe that Governments sovereign in their own currency can run out of money if they keep deficit spending, and keep borrowing to do it. They believe that if deficit/debt levels are high enough, then Government insolvency can occur, because eventually the burden of interest on the public debt will crowd out all other public spending and investments. So, they are for working towards debt/deficit reduction, “reforming” (i.e. cutting) entitlement spending, and raising taxes, though not necessarily on the rich.
