The trailer for 99 Homes introduces a mother-son-grandson family unit, with Laura Dern and Andrew Garfield at the helm. After the family gets evicted in traumatic fashion and moves into a motel, Garfield makes, in Bahrani’s words, “a deal with the devil.” He goes to work for the man who evicted his family, played by Michael Shannon, for a chance at earning enough to get a more permanent roof back over their heads. Continue reading →
The new rules for keeping too-big-to-fail alive: use creditor funds, including uninsured deposits, to recapitalize failing banks.
April 29, 2013 | “[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”
The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus. Similar “bail-in” policies are now appearing in multiple countries. (See Continue reading →