Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-55114 Mon, 29 Sep 2014 21:09:21 GMT Pending Sales of U.S. Existing Homes Fell 1% in August iehi-feed-55113 Mon, 29 Sep 2014 21:06:53 GMT Flagstar fined $37.5 mil for mortgage-processing failures iehi-feed-55112 Mon, 29 Sep 2014 21:03:08 GMT Argentina found to be in contempt of court by US judge iehi-feed-55110 Mon, 29 Sep 2014 20:44:12 GMT The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh | David Stockman It should be evident by now that regulatory capture and the inherent capacity of the marketplace to evade bureaucratic rules, edicts and embedded supervisors mean that "macro-pru" is a crock--an excuse to prolong a dangerous monetary experiment that is inexorably fueling a giant financial bubble and the crash which must inevitably follow.


In short, even assuming that the obsequious culture of accommodation at the New York Fed so evident in the Goldman tapes could be uprooted, macro-pru is inherently impotent because of information asymmetry... Without honest market prices in the trading pits and at loan desks and underwriting syndicates, financial booms and busts are inevitable, and the state's regulators and supervisors are hopelessly at sea because they cannot hope to gather and process enough information to stymie the army of speculators chasing false prices with cheap credit.

iehi-feed-55109 Mon, 29 Sep 2014 18:32:22 GMT BofA to Pay $7.7 Million SEC Fine for Overstating Capital in Merrill Acq. iehi-feed-55108 Mon, 29 Sep 2014 18:31:35 GMT Bill Gross exit could cost Pimco $400 billion iehi-feed-55106 Mon, 29 Sep 2014 15:28:46 GMT Survey: ATM, checking account overdraft fees surge iehi-feed-55103 Sat, 27 Sep 2014 14:18:28 GMT Peak Debt---Why The Keynesian Money Printers Are Done | David Stockman iehi-feed-55102 Sat, 27 Sep 2014 14:11:11 GMT Death Of 'Safe Haven' Gold Greatly Exaggerated iehi-feed-55101 Sat, 27 Sep 2014 14:08:55 GMT Maguire - Eastern Sovereigns Snap Up 650 Tons Of Gold In Take-Down iehi-feed-55100 Sat, 27 Sep 2014 14:07:33 GMT German Bullion Dealers Report Major Increase in Sales iehi-feed-55097 Sat, 27 Sep 2014 14:03:04 GMT Six banks in UK talks over forex manipulation fines Six banks have entered settlement discussions with the UK's main markets regulator over the alleged manipulation of foreign exchange in what could amount to record fines. Each of the banks -- Barclays, Citigroup, HSBC, JPMorgan Chase, Royal Bank of Scotland, and UBS -- are facing fines in the hundreds of millions of pounds from the Financial Conduct Authority, according to people familiar with the situation.

The settlement talks, which typically last eight weeks, are only with the FCA and do not include the United States or any other domestic regulator

iehi-feed-55096 Sat, 27 Sep 2014 14:00:15 GMT Inside the New York Fed: Secret Recordings and a Culture Clash iehi-feed-55095 Sat, 27 Sep 2014 13:56:47 GMT Doug Noland: What We Know iehi-feed-55093 Fri, 26 Sep 2014 18:03:15 GMT Here's What Wall Street Money Managers Are Saying About Bill Gross' Shocking Departure From PIMCO iehi-feed-55092 Fri, 26 Sep 2014 17:57:24 GMT Putin's Sell-Treasuries-for-BRICS Bonds Plan Has Limits iehi-feed-55091 Fri, 26 Sep 2014 14:13:33 GMT Currency Wars Deepen - Russia, Kazakhstan Buy Very Large 30 Tons Of Gold In August iehi-feed-55089 Fri, 26 Sep 2014 14:10:18 GMT Hathaway - Gold Sentiment Suggests Capitulation iehi-feed-55088 Fri, 26 Sep 2014 14:08:34 GMT Weak gold prices has Dubai consumers clamouring for more iehi-feed-55087 Fri, 26 Sep 2014 14:07:59 GMT LBMA names Citigroup as gold, silver market maker