Tags » Too Big To Fail

New Bailouts Prove ‘Too Big to Fail’ Is Alive and Well | WSJ

By Neel Kashkari:

Three strikeouts in four at bats would be barely acceptable in baseball. For a policy designed to prevent taxpayer bailouts, it’s an undeniable defeat.

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US & Canada

Give and Take: on Jeff Koons mastering contractual and statutory relationships with other artists

By Madeleine Conlin*

Contemporary blue-chip artist and controversial figure Jeff Koons has long been known for developing concepts, then leaving the implementation of his designs to studio assistants to execute the vision. 3,099 more words

Art

The End Of Dodd-Frank: Requiem For Reformism

Back around the time when I first started this blog, I predicted that the next president following Obama would sign into law a repeal of most, if not all, of… 1,764 more words

Finance Law

Financial Weapons Of Mass Destruction: Top 25 U.S. Banks Have $222 Trillion Of Exposure To Derivatives

The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes.  234 more words

At last, some sensible commentary on bank levy | MacroBusiness

From Leith van Onselen:

……The bank levy helps internalise some of the cost of the extraordinary public support that the big banks receive from taxpayers via the Budget’s implicit guarantee (which provides a two-notch improvement in the banks’ credit ratings), the RBA’s Committed Liquidity Facility, the implementation of deposit insurance, and the ability to issue covered bonds.

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Stock Markets

[Documentary] All The Plentary's Men

Source: Best Evidence
May 1, 2017

“The King can do no wrong.”

—William Blackstone, Commentaries on the Laws of England

“When the president does it, that means that it is not illegal.” 608 more words

News

Can Goldman's Rapacity and Trump's Stupidity Together Actually Save Banking?

Trump’s two main economic advisors are telling him to do something great – resurrect Glass Steagall! He is too stupid to realize these two – Goldman pod people Cohn and Mnuchin – are doing this so all their gazillions in deferred investments in the firm grow even more grotesque. 134 more words

Banana Republic