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So it looks as if all the insured depositors get paid in full, and all the uninsured depositors, including lots of Russian mafiosi, are left sucking wind. That seemed like the obvious solution to me, but I was fully aware of my ignorance of what might else be in play. Now that it’s happened, I [...]
Archive for the ‘Financial crises’ Category
January 9th, 2013
Category: Financial crises, Watching Conservatives
Mere words can hardly convey the preposterousness of the debt ceiling.
January 8th, 2013
Category: Financial crises
If the President is sworn to execute the laws, and can’t obey both the Congress’s command to spend money and the Congress’s limit on borrowing money, and if minting a $1T platinum coin gets him out of that box, doesn’t he have to issue the coin?
December 29th, 2012
Category: Financial crises
The Wall Street Bourbons: Ils n’ont rien appris, ni rien oublié. Except that they’re now Keynesians.
December 27th, 2012
Category: Financial crises
McConnell said it first: Congressional Republicans are extortionists.
November 5th, 2012
Category: Campaign 2012, Financial crises
Are the financial markets really being run by people who think Romney is going to win? Scary!
September 8th, 2012
Spanish labour costs are painfully converging with German ones.
August 20th, 2012
Category: Financial crises
We all want something for nothing. That’s how con artists make a living.
Yes, including Paul Ryan.
June 18th, 2012
Category: Financial crises
How did the underwriters of the Facebook IPO make $125 million in trading profits in addition to their $176 million in underwriting fees?