Yves Smith

Yves Smith is the pen name of Susan Webber, a Principal of Aurora Advisors, Inc. and publisher of the Naked Capitalism blog.

Articles by this author

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Friday, June 7, 2013 - 12:44pm
NYT Gives Damning-With-Faintest-Praise-Possible Profile of Glenn Greenwald After Surveillance Scoops
The Grey Lady roused itself to profile Glenn Greenwald after his blockbuster stories of the last two days: the first on a secret court order now in effect for Verizon to provide the NSA on all telephone records in its systems, the second on the PRISM program, which has given the NSA direct access to servers of information giants including Google, Facebook, and Microsoft, since 2007.
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Friday, March 15, 2013 - 7:48am
Report Reveals JP Morgan as a Lying, Scheming Rogue Trader (Quelle Surprise!)
There is so much grist in the just-released Senate Permanent Subcommittee report on the JP Morgan London Whale trades that the initial reports are merely high level summaries, which is understandable. Even with the admirable job done by the committee in documenting its findings and recommendations, it will take some doing to pull out the critical observations and convey them to the public.
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Thursday, January 17, 2013 - 1:50pm
GOP May Back Away from Debt Ceiling Theatrics, But Plutocrats Still Calling the Shots
A important shift in the Republicans’ negotiating stance over the austerity fight (do we go Dem lite or Republican high test?) was duly noted in the Financial Times a day ago, but a search in Google News (“debt ceiling”) suggests a lot of other commentators have not yet digested its significance, so it seemed worthy of a short recap here.
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Tuesday, January 15, 2013 - 12:32pm
Surprise! When Banks Oversee Their Own Review 'No Harm Found'
No wonder the Fed and the OCC snubbed a request by Darryl Issa and Elijah Cummings to review the foreclosure fraud settlement before it was finalized early last week.
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Sunday, May 13, 2012 - 12:00pm
Colleges as Merchants of Debt
Student loan debt slavery is even worse than you probably thought. The Grey Lady tonight has a long, informative story, “ A Generation Hobbled by the Soaring Cost of College “, that early on presents the stunning tidbit that 94% of the recipients of bachelor’s degrees borrowed in order to pay for it.
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Monday, January 23, 2012 - 12:31pm
Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement”
Obama’s latest housing market chicanery should come as no surprise. As we discuss below, he will use the State of the Union address to announce a mortgage “settlement” by Federal regulators, and at least some state attorneys general. It’s yet another gambit designed to generate a campaign talking point while making the underlying problem worse.
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