SEC’s Andrew Bowden Regulatory Capture Scandal Hits the Major Leagues with Los Angeles Times Column
Andrew Bowden “Please give my son a job” scandal spreads, and what you can do.
Read more...Category Archives: Banana republic
Tom Engelhardt: The New American Order: 1% Elections, The Privatization of the State, a Fourth Branch of Government, and the Demobilization of “We the People”
Based on developments in our post-9/11 world, we could be watching the birth of a new American political system and way of governing for which, as yet, we have no name.
Read more...Bank Super Lawyer, Rodgin Cohen of Sullivan & Cromwell, Says Regulatory Capture is a Myth
Yesterday, the Wall Street Journal ran a credulity-straining account of how Rodgin Cohen, the dominant bank regulatory lawyer in the US, was trying with a straight face to convey a line that legitimates his role: move along, there is no such thing as regulatory capture.
Read more...Who Owns the Post Office?
This article describes how the creation of a misguided corporatized governance structure and undermining of public-interest-related objectives undermined the Post Office. The very fact that offices are being shuttered in rural areas that depend on the Post Office as a local anchor, leading to the death of communities, shows how far the modern Post Office deviates from its founders’ objectives.
Read more...Stanford Law School Covers Up SEC’s Andrew Bowden’s Embarrassing Remarks by Deep-Sixing Conference Video
Stanford Law School Covers Up SEC’s Andrew Bowden’s Embarrassing Remarks by Deep-Sixing Conference Video
Read more...Rob Parenteau: “Goebbelnomics – Austerian Duplicity and the Dispensing of Greece
A case study in Goebbelnomics, here used by austerians to justify the class and economic war against Greece.
Read more...Bill Black: What Does it Take to Get Fired from the SEC?
Why the SEC should demand the resignation of examination chief Andrew Bowden after he fawned over private equity, an industry he oversees.
Read more...John Helmer: IMF Loan to Ukraine Props Up Failing Banks, Enriches Oligarchs
One reason for our continued coverage of the IMF generosity to Ukraine isn’t simply to demonstrate how the institution is bending its rules to support US adventurism. It’s also to highlight the striking contrast with the treatment of Greece. While Greece has a class of oligarchs that specialize in tax-evasion, Ukraine is widely recognized as a spectacularly corrupt country, to the degree that it makes Greece look like a paragon of virtue.
Read more...The Big Dick School of American Patriotism, and What We Make of It
How America’s patriotism has been converted, or perhaps more accurately, perverted, into a war culture.
Read more...The SEC’s Andrew Bowden: A Regulator for Sale?
The SEC has retreated on its tough talk about widespread misconduct in private equity. A panel at Stanford Law School reveals a possible cause. Andrew Bowden, the head of the exam unit, reveals himself to be deeply, embarrassingly captured.
Read more...Nomi Prins: The Volatility/Quantitative Easing Dance of Doom
The battle between the ‘haves’ and ‘have-nots’ of global financial policy is escalating to the point where the ‘haves’ might start to sweat – a tiny little. This phase of heightened volatility in the markets is a harbinger of the inevitable meltdown that will follow the grand plastering-over of a systemically fraudulent global financial system.
Read more...Can One Union Save the Beleaguered U.S. Postal Service?
The attack on the U.S. Postal Service is based on ideology and punitive, misleading accounting. It’s not too late to save it.
Read more...Michael Hudson on the IMF’s Tender Ministrations in Ukraine and Greece
This RT interview with Michael Hudson focuses on the appalling state of the Ukraine economy and the role of the IMF, both in its policy-violating rescue package there and on a more general basis.
Read more...The Fed Impedes GAO Audits by Destroying Source Documents
Robert Auerbach, an economist to the Committee on Banking and Financial Services during the Arthur Burns, Paul Volcker, and Alan Greenspan chairmanships at the Fed, as well as being a Fed economist and now a professor at the University of Texas (Austin) has a bombshell revelation in his recent book Deception and Abuse at the […]
Read more...Gaius Publius: Astroturf “Progressive” Support for the TPP – Meet “270 Solutions”
It’s become routine to expose some of the supposedly organic proposals that come out of the Tea Party as actually sponsored by the Koch Brothers and other big corporate interests. We didn’t want to leave Democrats out in the cold in the astroturfing game. Gaius Publius discusses one ecosystem: a consulting firm, “270 Strategies” and one of its phony creations, the Progressive Coalition for American Jobs.
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