The Private Debt Crisis
Why private debt is so dangerous, and why that risk looms large, particularly in China.
Read more...Category Archives: Regulations and regulators
Wells Fargo Fake Accounts Hidden by Fake Whistleblowing: Former Employees, Including HR Officials, Allege Systematic Retaliation
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’s Teflon Don Act Backfires at Senate Hearing; “I Take Full Responsibility” Means Anything But
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...Theresa May Outs Herself as Wall Street’s Poodle in Brexit Talks
It would be better if the latest Brexit news were a farce….
Read more...Wells Fargo’s Management by Magical Thinking Comes Up Short in the Cover-Up Category
The more the press digs into the the sordid details of the Wells Fargo fake account scandal, the more rancid the stench.
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...Deutsche Defies DoJ, Says It Won’t Pay Anything Near $14 Billion in Mortgage Settlement
Deutsche has launched a media war against the DoJ.
Read more...DoJ Opens Investigation Into Wells Fargo Fake Accounts; Why Top Execs Are Responsible
Sanctimonious Wells Fargo may finally be getting its comeuppance.
Read more...The City Will Decline—and We Will Be the Poorer for It
What might Brexit-induced losses to the City cost the UK economy?
Read more...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
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...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...Law Enforcement Losing War on White Collar Crime
Governments are losing the war on economic crime and considering new approaches, including involving the private sector to a greater degree.
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