Category Archives: Regulations and regulators

Surely the Lotus F1 Team Isn’t Just Slinking Quietly Away From Its Embarrassing Team Partner, AGT?

Lotus F1 quietly drop AGT from their Official Team Partner list just after Naked Capitalism tells the world that AGT’s a scam.

Richard Alford: On Grading the Bernanke Fed

We are certain to hear more and more appraisals of Bernake’s tenure as Fed chairman as he approaches the end of his term. But will they use good benchmarks? We suggest measuring his performance against his claims for the Fed’s objectives and what he said the central bank could accomplish. Not surprisingly, we find that he came up short.

The UK Insolvency Service’s Oddly-Timed Carbon Scams Press Release Highlights Its Own Slow Response

A sceptical look at anti-carbon-scam enforcement activities in the UK.

Michael Olenick: Obamacare Will Lead Me Either to Get Divorced or Leave the US

Yves here. While readers may contend that Michael Olenick’s case is an outlier and anecdotes are not the same as data, the extreme secretiveness of the Obama Administration combined with deliberately misleading statistics leads one to give some weight to anecdote in the absence of better facts.

Newcastle United FC, Bloodhound SSC, Glitz, Glam and Police Raids: a Last Look at the Remarkable Double Life of Carbon Neutral Investments Limited (CNI)

A last look at the lovely contact list of scammers’ friends, Carbon Neutral Investments Limited

Your Humble Blogger Discusses the Pending Trade Deals and JP Morgan on Le Show!

I really enjoy speaking with Harry Shearer, both for his engaging manner and his thorough preparation. I also hope you’ll see fit to circulate this interview, since the more attention we can bring to this plan to legalize corporate pillage, the better.

Obamacare Bogus Numbers: Why Results Touted in West Virginia as Sign of Success Are Either Wrong or a Proof of Failure

Michael Olenick unearthed an anomaly that is so extreme that it raises doubts about the numbers that the Department of Health and Human Services is reporting for Obamacare signups and enrollments to date.

Bill Black: The U.S. Attorney Who Prosecutes JP Morgan Will Be Its First Witness

The lead investigator in the Federal prosecution against JP Morgan has said he doesn’t think it makes sense for banks to have made bad loans.

Mathew D. Rose: Germany’s Potential “Grand Coalition” – Bad for Germany and Europe

In Germany, Angela Merkel’s Christian Democratic Party and its sister party the Bavarian Christian Social Union are inexorably heading for a “grand coalition” with the Social Democrats. This would give the coalition well over a two-thirds majority in both houses of parliament, making constitutional changes a mere formality. What does this mean for Germany and what will its effect be upon the European Union and a resolution of its current economic crisis?In Germany, Angela Merkel’s Christian Democratic Party and its sister party the Bavarian Christian Social Union are inexorably heading for a “grand coalition” with the Social Democrats. This would give the coalition well over a two-thirds majority in both houses of parliament, making constitutional changes a mere formality. What does this mean for Germany and what will its effect be upon the European Union and a resolution of its current economic crisis?

Why is Google Censoring Search Results to Nix Warnings Just Like Ones Issued by a UK Regulator?

Yves here. One of the things on our very long list of important issues we’d like to write about is the way Google, an unregulated information-screener, can dictate companies’ business models and keep information out of the public eye by how they handle search queries. Richard Smith give an example below.

Jamie Dimon, the Lance Armstrong of Finance

I’m sure some readers will protest that comparing Jamie Dimon to Lance Armstrong is unfair. After all, Dimon is better looking than Armstrong. But this post will demonstrate that the big reason that Armstong’s reputation has crashed while Dimon’s remains largely intact is first, that bank CEOs have a powerful and largely compliant messaging apparatus in the financial media and second, that we hold sports stars to much higher standards than titans of finance and commerce.

McLaren F1 & Jenson Button One Minute, Boiler Room Scams the Next: the Remarkable Double Life of Carbon Neutral Investments, Limited, (CNI)

Naked Capitalism notes that Carbon Neutral Investments, subject of a consumer warning by the UK’s FCA, has deals with Formula 1 teams McLaren and Sauber, Lord Heseltine’s publishing firm Haymarket, Newcastle United Football Club, and a host of PR and events companies, and wonders what the hell is going on.

The Global Corporatocracy is Almost Fully Operational

Yves here. I hope you don’t mind additional coverage of the pending trade pacts, this from a European perspective. This is bar none the single most important geopolitical initiative underway, yet it’s getting virtually no media play. While this discussion overlaps with our chat on Bill Moyers, many of you have friends, family members, and colleagues who don’t have time to watch a video but would read an article. Please use whatever route you think will work best with the people you know to get the word out.

Regulators Opening New Major Front With Banks on Foreign Exchange Trading Probe

The Financial Times story revealing that regulators in Switzerland, Hong Kong, the UK and US have starting probing foreign exchange markets, based on evidence that currency traders were rigging markets, is thin on details because the inquiries are still underway. Nevertheless, these investigations have the potential to unearth a Libor-level scandal.

Carbon Neutral Investments’ Trail of Disaster: How Carbon Credit Con Artists use Google Adwords to Work the Recovery Scam

Carbon Neutral Investments and the ‘recovery room’ scam