AIG Bailout Trial Judge Rebukes Fed for Overstepping Its Powers but Awards No Damages
The long-anticipated verdict in the AIG bailout trial came yesterday, and the Fed is not happy.
Read more...Category Archives: Regulations and regulators
A Billion-Dollar Bank Fraud in Moldova, and 20,000 Opaque British Corporations
The role of UK Partnerships in a $1Bn bank fraud in Moldova
Read more...Carlyle, Apollo, Blackstone Cheat Private Equity Investors with Legal Fee Ruse
Another day, yet another private equity exposé, this one on an atypically simple-minded scam.
Read more...Greek Talks Collapse, Default Looms
Both sides in the Greece/creditor negotiations have said they have reached the limits of what they are prepared to give.
Read more...Bill Black: Geithner’s Ghost Writer and the Parable of the River of Risk
Bill Black flags a new stunning bit of bank propaganda, that risk is an unavoidable natural condition that is futile for regulators to control.
Read more...Gaius Publius: The Only Solution to Climate Change — Outlaw Fossil Fuel Production
Limiting greenhouse gas production requires more radical measures to reduce fossil fuel use, and that means on production as well.
Read more...New Brunswick: How the Scammers Behind Virgin Gold Mining Corporation Found a Really Soft Touch
By Richard Smith It’s high time for an update on this vast fraud story, which has, near its core, Bryan Cook and Thomas Yi, of bogus international investment bank London Capital. Here’s a synopsis of the story so far at NC, and the global press coverage that has ensued. First, there was “Is Power8, Sponsor of […]
Read more...Elizabeth Warren Declares War on SEC Chairman Mary Jo White
Elizabeth Warren just put SEC Chairman Mary Jo White firmly in her crosshairs.
Read more...Memo to Readers: If You Want to Beat Big Finance, You Need to Be Able to Take the Fight to Their Terrain
We are now 35 years into a finance-led counterrevolution. If you care about income inequality, student loan debt slavery, foreclosure abuses, and other products of the success of this effort, it behooves you, as Sun Tzu urged, to understand your enemy.
Read more...Perry Mehrling: Volcker Alliance Describes How Regulatory Silos, and Also Intellectual Silos, Hold Back Financial Reform
A report by the Volcker Alliance on financial reform is readable and meaty, and curiously dropped from media sight.
Read more...Dick Fuld Continues to Exhibit Advanced Case of Wall Street CEO Derangement Syndrome
It appears that having the financial crisis analogue to the captain of the Titanic carry on in the stereotypical super-entitled Wall Street CEO manner was too much for the tender sensibilities of CNBC.
Read more...Perry Mehrling: Derivatives Remain a Blind Spot in the TBTF Debate
Current proposals to deal with the too big to fail problem fall way short as far as disarming derivatives risk is concerned.
Read more...Three Former SEC Commissioners Urge Mary Jo White to Stop Protecting Corporate Cronyism via Inaction on Disclosure of Political Spending
SEC Chairman Mary Jo White is caught out at her corporate crony tricks yet again.
Read more...SEC Vindicates Deutsche Bank Derivatives Whistleblowers Eric Ben-Artzi and Matthew Simpson
Three SEC whistleblowers have been proven right in charging Deutsche Bank with misreporting its biggest derivatives risk,. the bank, predictably, looks to have gotten off easy.
Read more...Corruptionomics in Italy
As reader Li, an international road warrior, says, “America is getting to be just like Italy, except without the attractive men.”
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