A case arguing that Wells Fargo fired and demoted employees who didn’t commit fraud to meet sales targets, does not deliver the goods.
Read more...As short seller David Einhorn says, “No matter how bad you think it is, it’s worse.” That’s proving true at Wells Fargo as former employees allege systematic whistleblower retaliation.
Read more...Wells Fargo CEO John Stumpf’s days are numbered, as they should be based on his inability even to fake contrition in Senate hearings.
Read more...The more the press digs into the the sordid details of the Wells Fargo fake account scandal, the more rancid the stench.
Read more...The Grey Lady runs an error-filled piece on employer termination of plans with CalPERS, apparently carrying the water of pension privatizers.
Read more...A review of Oliver Stone’s movie on Edward Snowden.
Read more...Deutsche has launched a media war against the DoJ.
Read more...The Obama Administration is trying to wrap up long-overdue mortgage-related cases, with Deutsche and possibly then other foreign banks.
Read more...Sanctimonious Wells Fargo may finally be getting its comeuppance.
Read more...What might Brexit-induced losses to the City cost the UK economy?
Read more...By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She now spends most of her time in India and other parts of Asia researching a book about textile artisans. She also writes regularly about legal, political economy, and regulatory topics for various consulting clients and publications, as well as writes […]
Read more...Wells Fargo executives make a clean getaway despite the bank engaging in large-scale, systematic consumer fraud.
Read more...Governments are losing the war on economic crime and considering new approaches, including involving the private sector to a greater degree.
Read more...A federal appeals court recently decided that the FTC lacks consumer protection authority to regulate common carriers in any respect. This decision hamstrings the agency from regulating ATT, Google, Verizon and potentially applies to a wider range of companies, unless the decision is reversed on appeal or Congress chooses to act.
Read more...Jerri-Lynn here. This short post highlights an important problem that we’ve seen arise over and over again with the administration which pledged to be the most transparent ever: the disconnect between public rhetoric and behind-the-scenes practice. The U.S. Department of the Interior’s Bureau of Land Management (BLM) presides over the allocation of oil and gas […]
Read more...