Finance

Without transparent accounting practices and proper risk management, the Federal Reserve’s current financial losses—unprecedented in scale—and the questionable accounting practices it uses to downplay their impact threaten public trust, economic stability, and the integrity of fiscal policy.

The Federal Reserve is experiencing something new in its history: sustained and sizable operating losses. These losses—currently running at more than $100 billion a year on an annualized basis—stem largely from the sharp rise in short-term interest rates, which has increased the interest the Fed pays on bank reserves while the income from its long-term securities portfolio remains comparatively low.

In Treasury markets, there are no libertarians, only grateful recipients of single-payer insurance for ailing financial markets.

Sociologist Michael A. McCarthy’s latest book shows how ordinary people can take back control of financial capitalism and make it work for them.

Medicare negotiators need to have a deep understanding - both theoretical and empirical - of the learning processes involved in developing a drug to negotiate a price that is fair.

Reindustrialization vs Financialization

Walker Todd and Bill Bergman expose the untold story of banking instability, regulatory battles, and the struggle to protect the public from financial chaos

In his new book, Let Them Eat Crypto, Peter Howson cautions that the technologies are not just fraudulent but causing indefensible harm to both humanity and the planet.

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.

We have made progress but not enough to forestall crises

The “liquidity” support provided by the Fed to megabanks through cross-border lending in fact acted as subsidies

Creating the post-2008 global safety net for mega-banks

What lessons need to be drawn on this anniversary?

On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.

Stock buybacks as a mode of predatory value extraction