A federal judge has once again rejected a proposed settlement between the Securities and Exchange Commission and one of the Wall Street tit...

Things worsened in the Eurozone this week, as the graph at left vividly demonstrates (compare my post of Nov. 5, 2011 , less than three week...

MF Global declared bankruptcy this month. The once trusted brokerage with roots dating back to the 1700s filed the eighth-largest ever U.S...

Professor Bernard Harcourt has recently released a compelling book " The Illusion of Free Markets: Punishment and the Myth of Social O...

America’s middle c lass is disappearing. The emergence of Occupy Wall Street highlights a growing oligarchy in American society. While man...

As discussed previously in this blog space , it appears that the investment and commercial banks most responsible for the 2008 mortgage cris...

I do not know what will happen next in the Eurozone. But the situation is not good. Since I posted last Saturday on the the trouble in Italy...

Australian hedge fund Basis Capital has revitalized its lawsuit against Goldman Sachs by filing a timely complaint in the New York State S...

Facts are stubborn things but ideologues are immune. Extreme right wing rhetoric concerning the role of Fannie and Freddie in the subprime ...

The chart at left shows the yield on the ten year Italian bond. It is at a Euro era record, and it is now a record 4.57 points higher than t...

The G20 Summit was held in Cannes, Frances this week with the globalizing theme entitled, “Nouveau Monde, Nouvelles Idees,” which is to say...

As a follow-on to Professor Pierre-Louis's excellent post yesterday in connection with violence that broke out during the Occupy Oaklan...

The violence that erupted in the Occupy Wall Street protest in Oakland Park is unfortunate but also eerily predictable. It was only a matte...

While President Obama touts a modest new jobs bill as well as a modest new federal program to assist homeowners in refinancing home loans ...

Excessive debt plagues the global economy today. The entire world gorged on easy money during the credit boom and now we need to decide wh...