banking
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Wolves of Wall Street: Financialization and American Inequality
It’s no secret by now that the recent spike in American inequality, and the gains rapidly accruing to those at the upper end of the income distribution ladder, are driven in large part by “financialization”—the growing scale and profitability of… Continue reading
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The Confidential Memo at the Heart of the Global Financial Crisis | VICE United Kingdom
The whole sorry thing is both depressing and infuriating… When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it. The Memo confirmed every… Continue reading
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The Crisis of Finance Capitalism and the Exhaustion of Neoliberalism
The report “Changing Banking for Good” attempts to make bankers personally responsible, to reform bank governance and strengthen the powers of regulators. Some think that if the report’s recommendations are implemented, it will destroy London as a global financial center.… Continue reading
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Rolling Stone on how the Illuminati is maybe not so impossible
Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is… Continue reading
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Postal Savings Banks… An Important Idea
Right now, there are few ways for poor people to even try to save what little money they have. It is often hard to get an account, and even if you do, fees will be too high or interest too… Continue reading
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Bankers and the neuroscience of greed | Ian Robertson | Comment is free | guardian.co.uk
While power in moderate doses can make people smarter, more strategic in their thinking, bolder and less depressed, in too-large doses it can make them egocentric and un-empathic, greedy for rewards – financial, sexual, interpersonal, material – likely to treat… Continue reading
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