Wells Fargo CEO John Stumpf Blames Nasty, Scheming Employees for Fake Accounts Scandal
If Stumpf were captain of the Titanic, not only would the crash be the iceberg’s fault, but he’d also get the first seat on the lifeboat
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John Helmer: Did Hillary Clinton Take Money From Russia Oligarch Oleg Deripaska for a Favor in the General Motors-Opel Deal?
The curious tale of a Russian’s oligarch’s donation to the Clinton Foundation and his failed attempt to make an acquisition from General Motors.
Read more...Thomas Palley: The Fed’s Misguided Approach to Tightening
The Fed touted its “creativity” in bailing out banks during the crisis. That “creativity” is absent in how it is planning to exit its extraordinary policies.
Read more...Wells Fargo Exec Who Oversaw Fake Accounts Received $125 Million Upon Recent Retirement, Praise from CEO; Senate Hearings Next Week
The Wells Fargo “fake accounts” scandal gets uglier.
Read more...Don Quijones: Barcelona Just Declared War on AirBnB (and Its Hosts)
Why Barcelona is taking a tough stand on AirBnB, and has strong support of its citizens.
Read more...Greg Palast’s New Film Exposes How Republican Oligarchs Are Crusading to Stop People of Color and the Poor from Voting
Voting is corrupted, with scheming operatives now vying to steal and sabotage presidential elections using the darkest of political arts.
Read more...Hoisted From Comments: First Cut at Perps in Massive Wells Fargo Consumer Fraud
More evidence that regulators had no excuse for not naming, shaming, and at least fining key Wells Fargo execs in its massive consumer fraud.
Read more...Wells Fargo Fined $185 Million for Opening Phony Customer Accounts, Charging Fees Without Consent; Executives Go Scot Free
Wells Fargo executives make a clean getaway despite the bank engaging in large-scale, systematic consumer fraud.
Read more...Deutsche Bank and a $10Bn Money Laundering Nightmare: More Context Than You Can Shake a Stick at
Deutsche Bank’s $10Bn: the shell company back story
Read more...Liberty Reserve, Bitcoin, and the US Bank Regulatory Dog That Didn’t Bark
How a toothless US watchdog, FinCEN, has largely ignored money laundering via Bitcoin and other digital currencies.
Read more...How Veterans are Victims of Big Pharma
Yves here. While this post makes an important point about the degree to which veterans are targets for opioid marketing, as well as the creation of a large and multiheaded “pain lobby” to promote the idea that pain was undertreated (which may have been true, but not to the degree suggested). However, the article also […]
Read more...The Real Scandal of Clinton’s Emails: Conducting Foreign Policy In Secret
A revealing effort to acknowledge that the Clintons are corrupt but contend that it doesn’t matter much because the system is rotten.
Read more...CalPERS Board, General Counsel Illegally Silence Naked Capitalism Even as We Try to Help
CalPERS’ general counsel lied obviously and casually to the board, a sign of a deeply diseased institutional culture.
Read more...Corporate Tax Cuts: More Debunking of the Claim that They Spur Growth
Contrary to aggressive corporate PR, why corporate tax cuts do not promote investment in projects that promote growth.
Read more...Trickle Down Election Economics: How Big Money Can Affect Small Races
Billionaires are targeting key state races.
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