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Data, Reality and Diminished Human Capital

Bobswern and teacherken have posted diaries using Bob Herbert's latest column as a point of departure. I would like to use this column as well to explore some points that touch on some aspects that...

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William Black on Compromised Regulators and Law Enforcement

Cross-posted at macroindex.William Black is a professor of economics and law at  the University of Missouri-Kansas City School of Law. He was the senior regulator during the S&L crisis of the...

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Britain's 21st Century Glass Steagall Act

There is some irony here. Britain's banking industry was touted as a model for the brave new world of finance in the 1990s. This model served as the impetus for passing the Gramm-Leach-Bliley Act. The...

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Twist and Shout

The Federal Reserve's 'Operation Twist' is the wrong medicine at the wrong time. It has succeeded in stoking sentiment that our economic ship is in much more dire straits than has been previously...

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Libor Scandal Spreads; More Testimony Scheduled

It is almost quaint that only five banks are mentioned in this Reuters story about the Libor rate-rigging scandal. Barclays leads the way being the first bank to be hit with nearly a half billion...

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Libor Stands to Overwhelm Banks

The Libor scandal continues to grow. Now that we have a clear idea of how the deception was perpetrated, one can develop an appreciable sense of how this scandal will develop in Europe and, eventually,...

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The Libor Scandal's Giddy Enablers Are Preparing to Roast

Sometimes an avalanche of information can make correlations -and finding direction in correlations- very difficult. The Libor rate-rigging scheme has provided a focus that cuts through abundant...

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A LIBOR Manipulation Primer (wonkish)

The London Interbank Offered Rate (LIBOR) is arguably the single most important short-term interest rate in the world. Loans for mortgages, credit cards, small businesses and automobiles are just a few...

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The Lie of "Trickle Down" Economics

Presidential candidate Mitt Romney's wealth has focused increased scrutiny on America's trickle down fiscal policy and offshoring of wealth. Both have been to the benefit of a very small percentage of...

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Will LIBOR Reveal Geithner and King as Stupid? Corrupt? Both?

The "no one could have imagined" excuse is worn thin.Raúl Ilargi Meijer of The Automatic Earth asks the hard questions about why banks have been allowed to pillage trillions of dollars from the world...

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Romney Really Knows How to Create Jobs

The daily lunchtime email blizzard provided something interesting. And cruel. And nauseating.A new video presents employees at Sensata Technologies commenting on a recently leaked video in which...

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$1 Trillion Coin No More & Thought Experiment

The stroke of brilliant political brinksmanship has met its end. The plan to cover authorized expenditures the require raising the debt ceiling with a trillion dollar coin has been nixed by the Federal...

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