All Blog Posts (1,451)

Bloomberg Businessweek: Bloomberg View: The Shortcomings of Dodd-Frank

The following is an excellent article from the July 28 - august 3, 2014 issue of Bloomberg Businessweek from page 8 titled "Bloomberg View: the Shortcomings of Dodd-Frank" and I quote:

"Bloomberg View"

"The Shortcomings of Dodd-Frank"

July 24, 2014

The Shortcomings of Dodd-Frank

Illustration by Bloomberg View…

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Added by LaVern Isely on July 28, 2014 at 10:20am — No Comments

Convergence

The following is an excellent excerpt from the book “WHAT OBAMA MEANS...For Our Culture, Our Politics, Our Future” by Jabari Asim from the Prologue titled “Convergence” on page 17-20 and Chapter 1 titled “What Cool Can Do” on page 21-24 and I quote: “This new version of youth spirit doesn't just confound African Americans who grew up in a society largely defined by race.  Members of the majority culture have often failed to…

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Added by LaVern Isely on July 24, 2014 at 11:02am — No Comments

Law and Politics

The following is an excellent excerpt from the book “CAPITAL in the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Sixteen titled “The Question of the Public Debt” on page 565 and I quote: “Law and Politics – First, a rather different idea of “the golden rule” has figured in the European debate about public deficits.  In 1992, when the Treaty of Maastricht created the euro, it was stipulated that…

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Added by LaVern Isely on July 23, 2014 at 1:30pm — No Comments

Politics

The following is an excellent excerpt from the book “THE GARNER FILES: A Memoir” by James Garner and Jon Winokur from Chapter Five titled “Politics” on page 93 and I quote: “I'm a “bleeding- heart liberal,” one of those card-carrying Democrats that Rush Limbaugh thinks is a communist.  I'm proud of it.  And proud to have been part of the March on Washington for Jobs and Freedom on August 28, 1963, when 250,000 Americans of every age, race, and religion came to…

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Added by LaVern Isely on July 22, 2014 at 10:08am — No Comments

The MonroeTimes: Problems of Subprime Loans Continues

The following is an article I sent to my local paper, The Monroe Times, which they published in their "Letters to the Editor" Column on July 19, 2014 titled "Problem of Subprime Loans Continues" and I quote:

"7/18/2014 5:39:00 PM

"Letter to the…
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Added by LaVern Isely on July 21, 2014 at 10:15am — No Comments

Alternative Forms of Regulation: Protectionism and Capital Controls

The following is an excellent excerpt from the book “CAPITAL in the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Fifteen titled “A Global Tax on Capital” on page 534 and I quote: “Alternative Forms of Regulation: Protectionism and Capital Controls – Is there no alternative to the capital tax?  No: there are other ways to regulate patrimonial capitalism in the twenty-first century, and some of…

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Added by LaVern Isely on July 19, 2014 at 10:32am — No Comments

The Progressive Populist: Elizabeth Warren Brings Populism Down South

The following is an excellent article written by Richard Eskow as the cover story in the August 1, 2014 issue of The Progressive Populist titled "Elizabeth Warren Brings Populism Down South" and I quote:

"Elizabeth Warren Brings Populism Down South"

Some Democrats are finding that progressive economic populism is a winning strategy in the South. Is Hillary paying attention?

By RICHARD ESKOW

Well, now, this is interesting. Elizabeth Warren went to Kentucky to…

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Added by LaVern Isely on July 18, 2014 at 1:28pm — No Comments

Question of Top Marginal Income Tax Rates

The following is an excellent excerpt from the book “CAPITAL in the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Fourteen titled “Rethinking the Progressive Income Tax” from page 512-514 and Chapter Fifteen titled “A Global Tax on Capital” from page 515-518 and I quote: “Rethinking the Question of the Top Marginal Rate – These findings have important implications for the desirable…

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Added by LaVern Isely on July 17, 2014 at 10:42am — No Comments

Here and Now: Former TARP Watchdog: 'We're Headed Toward Another Financial Crisis'

The following is an excellent article from the Here and Now website hereandnow.wbur.org written on September 13, 2013 titled "Former TARP Watchdog: 'We're Headed Toward Another Financial Crisis'" and I quote:

"Former TARP Watchdog: ‘We’re Headed Toward Another Financial Crisis’"…

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Added by LaVern Isely on July 17, 2014 at 10:19am — No Comments

Confiscatory Taxation of Excessive Incomes

The following is an excellent excerpt from the book “CAPITAL in the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Fourteen titled “Rethinking the Progressive Income Tax” on page 505 and I quote: “Confiscatory Taxation of Excessive Incomes: An American Invention – When we look at the history of progressive taxation in the twentieth century, it is striking to see how far out in front Britain and…

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Added by LaVern Isely on July 16, 2014 at 1:27pm — No Comments

Progressive Tax in the Twentieth Century

The following is an excellent excerpt from the book “CAPITAL in the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Fourteen titled “Rethinking the Progressive Income Tax” on page 498 and I quote: “The Progressive Tax in the Twentieth Century: An Ephemeral Product of Chaos – To gaze backward for a moment: how did we get to this point?  First, it is important to realize that progressive taxation…

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Added by LaVern Isely on July 15, 2014 at 10:36am — No Comments

The Question of Progressive Income Tax

The following is an excellent excerpt from the book “CAPITAL In the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Fourteen titled “Rethinking the Progressive Income Tax” from page 493 and I quote: “In the previous chapter I examined the constitution and evolution of the social state, focusing on the nature of social needs and related social spending (education, health, retirement, etc.).  I treated the…

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Added by LaVern Isely on July 14, 2014 at 10:22am — No Comments

Who Profits From Public Debt?

The following is an excellent excerpt from the book “CAPITAL in the Twenty-First Century” by Thomas Piketty translated by Arthur Goldhammer from Chapter Three titled “The Metamorphoses of Capital” on page 131-134 and page135-139 and I quote: “Who Profits from Public Debt? - This historical record is fundamental for a number of reasons.  First, it enables us to understand why nineteenth-century socialists,…

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Added by LaVern Isely on July 12, 2014 at 10:48am — No Comments

New York Times DealBook: Hazards of Borrowing Money From Hedge Funds

The following is an excellent article from the New York Times Deal Book website written by Steven Davidoff Solomon on August 9, 2011 title "Hazards of Borrowing Money From Hedge Funds" and I quote:

"Hazards of Borrowing Money From Hedge Funds"

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Added by LaVern Isely on July 12, 2014 at 10:27am — No Comments

The TARP

The following is an excellent excerpt from the book “THE END OF WALL STREET” by Roger Lowenstein from Chapter 16 titled “The TARP” on page 241 and I quote: “[Robert] Steel was well aware of the downward momentum that could chase a financial firm out of existence.  At precisely 4:27 A.M. on Friday, he and Vikram Pandit, the Citigroup CEO, exchanged e-mails about a possible merger.  (Like lonely hearts trolling for mates, deal-chasing bankers never stopped.)  He…

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Added by LaVern Isely on July 11, 2014 at 1:15pm — No Comments

World Population Day - I'll Halve What She's Halving

Two months ago, South Park producer/animation director Eric Stough –addressing the 2014 graduating class at University of Colorado – offered some life-saving advice (at 13:42 in this video):…

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Added by Dave Gardner on July 11, 2014 at 8:53am — No Comments

Other People's Money

The following is an excellent excerpt from the book “THE BANKERS' NEW CLOTHES: What's Wrong with Banking and What to Do About It” by Anat Admati and Martin Hellwig from Chapter Thirteen titled “Other People's Money” on page 208 and I quote: “I am disappointed because many of these behaviours happened on my watch.  It is my responsibility to make sure that it cannot happen again. . . We did not have appropriate controls in place.  Frankly, we misjudged the risk…

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Added by LaVern Isely on July 10, 2014 at 10:29am — No Comments

The Politics of Banking, Particularly Corporations

The following is an excellent excerpt from the book “THE BANKERS' NEW CLOTHES: What's Wrong with Banking and What to Do about It” Anat Admati and Martin Hellwig from Chapter Twelve titled “The Politics of Banking” on page 192 and I quote: “The king is naked!”--but under such splendid robes.”    --Stanislaw Jerzy Lec (1909-1966), Polish aphorist, Unkempt Thoughts

We opened Chapter 1 by quoting French President Nicolas Sarkozy…

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Added by LaVern Isely on July 9, 2014 at 2:32pm — No Comments

Beyond Basel

The following is an excellent excerpt from the book “THE BANKERS' NEW CLOTHES : What's Wrong with Banking and What to Do about It” by Anat Admati and Martin Hellwig from Chapter Eleven of page 176 and I quote: “Beyond Basel: Increase Equity Requirements Substantially! - In addition to the unnecessarily long transition period, Basel III has two other major flaws.  First, its equity requirements are far too low.  Seconds, for the most part the required equity is…

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Added by LaVern Isely on July 8, 2014 at 10:07am — No Comments

Now Is Not the Time

The following is an excellent excerpt from the book “THE BANKERS' NEW CLOTHERS: What's Wrong with Banking and What to Do about It” by Anat Admati and Martin Hellwig from Chapter Eleven titled “If Not Now, When?” on page 170 and I quote: “Now Is Not the Time”  - After the financial crisis of 2007-2009, the equity level of banks has not been much increased.  Basel III, the international agreement designed to increase bank equity, has a transition period…

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Added by LaVern Isely on July 7, 2014 at 10:39am — No Comments

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