Ethereum and Smart Contract Unicorn Woo-Woo โ There Should Be a Law Against It
Why Ethereum and smart contracts don’t and will never live up to their hype.
Read more...Category Archives: Ridiculously obvious scams
Brexit Risk and Nigel Farage: We Know Where His Mouth is (“England”), But is His Money Offshore?
Is Nigel Farage’s wealth offshore? Is that why he’s so calm about Brexit?
Read more...The Happiness Industry: How Corporations Want to Manage Your Mind
Rather than suggesting that consuming the right goods will make you happy, companies now want to create it more directly.
Read more...New Zealand: Kea Street Cred and US$1Bn Promise Lures Kiwi to Front Very Peculiar Financial Service Providers
Another duo of wildly offbeat New Zealand Financial Services Providers
Read more...TSA as Example of Privatization Playbook: Make an Agency Perform Badly By Underfunding It….
A case study of how privatization vultures weaken public agencies so as to turn them into their prey.
Read more...Financial Times Exposes McKinsey’s Secret, Conflict-Ridden In-House Hedge Fund
McKinsey’s heretofore secret in-house investment unit has troubling conflicts of interest.
Read more...New Zealand: Icon Sachs (Whatever That is), Fennas Finance, a Bank Account at an ANZ Napier Branch, a Conspiracy Theorist And a Ponzi Scheme
Yet more strange sightings in the New Zealand Register of Companies
Read more...Wall Street Journal Tallies DoJ and SEC’s Pathetic Record in Tackling Wall Street Crime
The officialdom continues to defend the half-hearted effort by the DoJ and SEC to pursue financial services industry misconduct.
Read more...New Zealand: the World’s Tiniest Stock Exchange, ‘a Big Ponzi Scheme’, and Other Crazy Tales From John Key’s Financial Services Hub
New Zealand’s Offshore Financial Services Providers: a new sampling of strange creatures
Read more...Unsealed Documents Reveal Former White House Officials Violated Fannie/Freddie Conservatorship Rules, Apparently to Advance Bank-Enriching “Reforms”
The Administration has refused to turn over over 12,000 documents in a lawsuit against how the government operated Fannie and Freddie in their conservatorship. The major bone of contention is that Treasury stripped them of all profits, which damaged the remaining private shareholders. But the unsealing of a small batch of government records shows why […]
Read more...The Pentagonโs Budgetary War on Accountability
Why the Pentagon always has the money it needs, and a lot more too.
Read more...SEC Conference Features Former Official Calling for Fraudsters to be Protected from Career Harm
No matter how bad you think things are at the SEC, you routinely find out that they are worse, as a recent conference revealed.
Read more...CalPERS Invests in Toll Road Even Though Those Deals Consistently Lose Money
CalPERS ventures into the looting of local populations via investing into a famous toll road-gone-bad deal that has been restructured.
Read more...Bill Black: Mankiwโs Mythical Ten Commandments of Theoclassical Economics
Examining Maniw’s core myths, um, principles, and how they are dangerously misleading.
Read more...Hedge Funds Want a Pony, Um, Permanent Capital, as More Investors Exit
Hedge funds are trying to sell a (sort of) new idea, that of permanent capital. But why on earth would anyone in their right mind buy it?
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