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...Category Archives: Banana republic
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.
Read more...Revealed: ECB Secretly Hands Cash to Select Corporations
Is the ECB’s latest bond-buying program creating corporate winners and losers?
Read more...Bill Black: Why Whistleblowers’ Disclosures Need Protection Under the Law
Big companies work hard at silencing whistleblowers. Here are some ways to keep them from shutting whistleblowers down.
Read more...A Hard Look at the War Criminals, Um, Hawks Who Say “Never Trump”
The hawks who are throwing bricks at Trump forgot that they are living in glass houses.
Read more...Eurozone Stability Under Threat of a ‘Bad Shock’
Remarkably, an increasing number of economists believe the Eurozone has addressed its weaknesses. Shades of the Great Moderation, circa 2006.
Read more...The Link Between Health Spending and Life Expectancy: The US is an Outlier
Why does lavish health spending in the US produce so little in the way of results?
Read more...Gaius Publius: “You Broke It, You Bought It” – A Sanders Activist Challenges Clinton Supporters
Clinton’s hard move to the right is causing some consternation among bona fide progressives. But what will they do about it?
Read more...