Bill Black: A “Jihadist” Against the Banks?
More proof that the Department of Justice is working for Big Finance: it tried to discredit Bill Black’s testimony by calling him a “jihadist”.
Read more...Category Archives: Ridiculously obvious scams
Our Bloomberg Op-Ed on CalPERS’ Plan to Get Rid of Private Equity Risk by Ignoring It
CalPERS’ plan to eliminate the measurement of private equity risk, a seismic change, is a case study in how staff manipulates the board to its own advantage.
Read more...Timothy Geithner Corrupting Youth, Um, Telling His Version of the Crisis
In case living through the crisis and its aftermath wasn’t bad enough, you can hear Timothy Geithner’s version of events…at your expense.
Read more...Bond, Treasury Bond: 007 is Out of Cash, but Your Government Can’t Be
So now even austerity is getting product placement in movies….
Read more...CalPERS Used Sleight of Hand, Accounting Tricks, to Make False “There is No Alternative” Claim for Private Equity
CalPERS staff and outside experts went to considerable lengths distort data and abuse analytical methods to make the case that only private equity could offer the allegedly superior returns needed to meet CalPERS’ targets. The fact that CalPERS did not make an honest case for private equity suggests that no honest case could be made.
Read more...CalPERS’ Scandal-Ridden Fiduciary Counsel Ducks Jacksonville Subpoena; City Files Suit Alleging Illegal Creation of Gold-Plated Pension Fund
The not-so-savory reputation of CalPERS’ fiduciary counsel, Robert Klausner, took another hit as his criminal attorney ducked a Jacksonville subpoena.
Read more...Harvard Professor Josh Lerner Gave Weak and Internally Contradictory Plug for Private Equity at CalPERS Workshop
Harvard’s Professor Josh Lerner gave CalPERS what was presumably a pep talk for investing in private equity that was so contradictory as to amount to a case against it.
Read more...Investors Like CalPERS Rely on ILPA to Advance Their Cause, When It is Owned by Private Equity General Partners
Private equity limited partners are such chumps that they rely on a trade group, ILPA, to lobby for them when it is funded by their opponents.
Read more...Board Member Reveals That CalPERS Engages in Systematic Violation of California Open Meeting Statutes
CalPERS’ CEO and its staff are engaged in systematic, flagrant, and apparently long-standing violations of California’s open meeting law, the Bagley-Keene Act.
Read more...Join Occupy the SEC in Urging the Congress to Oppose H.R. 4002 (“Criminal Code Improvement Act of 2015”)!
Support Occupy the SEC in opposing a bill that would give white collar criminals a new, improved “get out of jail free” card.
Read more...The GXG Markets Fallout (II): Editwars and FOIA fights
GXG Markets is gone but the dirty dealings continue
Read more...Antitrust Incompetence from the FTC, as Albertson’s/Safeway Divestiture Goes Awry
Over the past several months, I’ve come to the conclusion that so many problems in our politics and our economy results from our tolerance of monopoly capitalism. I did a super-long story for The American Prospect laying this out, and how we need a revival of antitrust policy at the grassroots level. Here’s a depressing case study that suggests maybe we should just relieve one of the antitrust enforcement agencies, the Federal Trade Commission, of its duties.
Read more...Nina Eichacker: Lessons from Iceland’s Financial Crisis
A look at Iceland’s financial crisis, why it happened and what can be done to mitigate the potential for similar chaos in the future.
Read more...Blackstone Executive Commits Perjury via Declaration That Information in SEC Order is “Confidential” and “Trade Secret”
Blackstone sees fit to tell flagrant legal lies even when the stakes are pathetically small.
Read more...The UK’s Money Laundering Mess (II): HM Treasury Weighs in (and so Does Russia, With a $46Bn Money Laundering Allegation)
Even HM Treasury thinks the UK’s anti money laundering framework is a mess
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