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#FinancialStability

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Paul Krugman reveals a troubling truth: cryptocurrency is entwined with DC corruption. In "Digital Corruption Takes Over DC," he critiques the GENIUS Act's potential to legitimize stablecoins, which, despite initial innovation, now enable gambling and shady dealings. Krugman warns of the risks they pose, likening their rise to the unregulated banks of the past that could trigger financial crises. Explore his insights on a Washington influenced by financial interests. Read more: paulkrugman.substack.com/p/dig #Cryptocurrency #Corruption #Stablecoins #FinancialStability #PaulKrugman

Paul Krugman · Digital Corruption Takes Over DCPar Paul Krugman

#Republican strategist Stuart Stevens, senior advisor for the Lincoln Project, is arguing that monied interests and economic giants #BigTech #WallStreet #bankers #billionaires are complicit in ruining the nation as they blindly follow a president determined to sink markets in both the United States and around the world. #tariffs #economy #financialstability #risk #economics #Trump #maga #wealth #money #power #politics #fear #complicit #collusion #democracy #congress alternet.org/ceos-trump-polici

Alternet.org · 'Basic betrayal': CEOs terrified of Trump retaliation won’t speak out against policiesPar Adam Lynch
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"The world’s #FinancialStability watchdog has warned that disasters caused by #ClimateChange are increasingly likely to trigger broader panic in financial markets.

“There could also be an abrupt, broad-based repricing of climate-physical risk, as the expectation of larger future losses are incorporated into current prices and impact sectors and jurisdictions not currently directly affected by disasters.” "

ft.com/content/c907d5f7-1a85-4

#AI in #Banking & #Finance, 6/15/24. Sabrina I. Pacifici highlights news, govt reports, NGO/IGO papers, industry white papers, academic papers, speeches AI’s fast paced impact on #banking & #finance sectors. 5 highlights from this post: Financial regulators have ‘insufficiently’ addressed #hedgefunds’ use of AI; 2024 Conference on Artificial Intelligence & #FinancialStability; Two AI Truths and a Lie; Simple #Macroeconomics of AI; Rise of AI at #JPMorganChase llrx.com/2024/06/ai-in-banking #economics

www.llrx.comAI in Banking and Finance, June 15, 2024 – LLRX