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Deutsche Bank next canary in the global financial crisis

After years of reckless management, over-leverage, regulatory infractions and illegal activities, Deutsche Bank (one of the worlds most systemically interconnected banks) is falling into a capital death spiral reminiscent of Lehman Bros. and Bear Stearns in 2008. The shares are … Continue reading →

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Creative disruption now breaking under egregiously self-serving corporatocracy

Last week Canada’s former Prime Minister Stephen Harper was unabashedly tweeting his delight at being hired as a corporate consultant with Dentons who brands itself as “the world’s largest global elite law firm” devoted to helping corporate clients increase “value” … Continue reading →

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Head SEC HFT regulator signs up to work for the enemy

The revolving door between finance cheaters and regulators is well oiled and completely unencumbered.  Recall that Ben Bernanke unashamedly took a plum consulting gig with HFT market-skimmer-extraordinare firm Citadel, after he retired from head of the Federal Reserve.  Well another … Continue reading →

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