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Tag: derivatives
Michael Hudson: Why the US banking system is breaking up
Economist Michael Hudson responds to the collapse of Silicon Valley Bank, and explains the similarities with the 2008 financial crash and the savings and loan crisis of the 1980s.
Michael Hudson: Why the US banking system is breaking up
China meets American hegemony head-on
In a rare scathing essay, Beijing’s foreign ministry has blasted Washington’s continued attempts at world domination
China meets American hegemony head-on
Related:
No holds barred as China launches frontal assault on American dollar hegemony
Disclaimer: This information is not presented as a source of financial advice. You should not rely, for financial advice, on statements or representations made within this blog or by any externally referenced Internet sites. Before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.
Are We on the Cusp of Klaus Schwab’s Comprehensive Cyber Attack?
Bipartisan Crypto Bill Is Congress Playing with Fire and Repeating the Mistakes of the Past: Another Financial Crash and More Industry Bailouts
After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto
By Pam Martens and Russ Martens: June 20 , 2022 ~
On June 7, Senator Kirsten Gillibrand, a Democrat from New York who sits on the Senate Agriculture Committee which oversees commodities, and Senator Cynthia Lummis, a Republican from Wyoming who sits on the Senate Banking Committee which oversees Wall Street and trading, introduced a bill as an early Christmas present to the crypto industry. It carries the Alice in Wonderland title of the Responsible Financial Innovation Act.
After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
By Pam Martens and Russ Martens: April 27, 2022 ~
As long-term readers of Wall Street On Parade know well, we have regularly warned that the failure of Congress to meaningfully reform Wall Street by restoring the Glass-Steagall Act poses a national security threat to our nation in times of crisis.
Global Megabanks Are Tanking – The Same Ones the Fed Bailed Out in 2019
Larry Summers Shares the Blame for Inflation
A Nomura Document May Shed Light on the Repo Blowup and Fed Bailout of the Gang of Six in 2019
It’s long past the time for the Fed to come clean on exactly what happened in the fall of 2019 that caused it to launch its repo bailout facility. Americans will simply never trust the Fed if it doesn’t.
A Nomura Document May Shed Light on the Repo Blowup and Fed Bailout of the Gang of Six in 2019
What did the Fed know?!
‘A win for the establishment and a loss for progressives’ — analysts react to Yellen as Biden’s Treasury secretary
— “Janet Yellen’s nomination to be Treasury Secretary is a win for the establishment and a loss for progressives and modern monetary theory proponents. So far, the Biden team is mostly establishment types, which should ease the concerns of investors who feared a more leftward tilt. Although we were skeptical that Mr. Biden was going to pick Sen. Elizabeth Warren for the Treasury job, that risk has been completely removed for now.” — Brian Gardner, chief Washington policy strategist at Stifel.
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— “She is well within the orthodoxy of the economics community, and I suspect that fact along with her familiarity will lead to a largely positive response from financial markets. More broadly, from what we have seen so far, Biden appears to be mainly choosing old Democratic hands to fill his most vital Cabinet and White House posts, people from the Obama (and in some cases, even the Clinton) years. Progressives had hoped to wield major influence in the next administration, but if Biden’s personnel choices so far are any indication, he intends to govern more from what constitutes the middle of the Democratic Party today than to push the envelope far to the left.” — Stephen Stanley, chief economist at Amherst Pierpont.
Related:
The Wall Street Journal Nominates Janet Yellen as Treasury Secretary
Ms. Cat’s Chronicles 
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