UPS Continues Its “Wreck the Post Office” Campaign, Presses for Increases on Parcel Prices
An important update in UPS’ campaign for the stealth privatization of the Post Office.
Read more...Category Archives: Ridiculously obvious scams
Exclusive: Are the SEC’s Mary Jo White and Her Husband Teaming Up to Gut Corporate Disclosure and Make It Harder to Fight Fraud?
The heart of the SEC’s mission is disclosure, providing enough information to investors so they can make reasonable choices about stock and bond offerings. Without disclosure you don’t really have an SEC, and you put investors – and potentially the whole economy – at risk. But the commission is striving to hit that self-destruct button, by allowing new rules that would make it much easier for companies to hide their activities. And it’s highly likely that this reaches all the way to the office of SEC Chair Mary Jo White.
Read more...Wolf Richter: Debt Fueled Stock Buybacks Now Eating into Earnings
Companies with investment-grade credit ratings – the cream-of-the-crop “high-grade” corporate borrowers – have gorged on borrowed money. Interest on that mountain of debt, which grew another 4% in the second quarter, is now eating their earnings like never before.
Read more...The UK’s Money Laundering Mess (I)
The Billion Dollar Moldova Bank Scam: gateway to the UK’s money laundering mess
Read more...Payday Lenders Pay Off the System So They Can Keep Ripping Off Borrowers
Paying a visit to payday lenders at one of their conferences.
Read more...The Billion-Dollar Moldovan Bank Scam, Scottish Limited Partnerships, and the UK’s Anti-Money-Laundering Mess
The BBC follows up on the billion-dollar Moldovan bank scam, and Naked Capitalism kicks off a new series on money laundering in the UK
Read more...GXG Markets Fallout (I): Capital Venture Europe Sues GXG
The fallout from GXG Markets closure begins: Capital Venture Europe files a lawsuit
Read more...Former State Chief Investment Officer Tells CalPERS and CalSTRS to Fire Consultant PCA Over Proposed Fix for Poor Private EquityPerformance
How CalPERS’ and CalSTRS’ private equity consultant PCA has demonstrated that it needs to go.
Read more...Private Equity Underperformance Denialist, Pension Consulting Alliance, Tells CalSTRS to Fix Performance Problems by Scrapping Benchmark
CalSTRS’ and CalPERS’ consultant, Pension Consulting Alliance, argues for getting rid of benchmarks altogether in a desperate effort to depict investing in private equity as ever and always sound.
Read more...CalSTRS, Maryland Fund Private Equity Players Seeking Profits in the Refugee Crisis
Private-equity-backed providers undercut charities in providing refugee services. It’s not hard to imagine how the results are coming in.
Read more...Second Circuit Rules That Dodd-Frank Whistleblower Protections Protect … Whistleblowers
the second circuit rules that under Dodd-Frank whistleblowers are… whistleblowers even if they don’t dot the i and cross the t.
Read more...Why Are Fannie and Freddie Raising Their Foreclosure Timeline?
One of the major fallacies skillfully employed by the lending industry since the foreclosure crisis is that the meddling defense attorneys and pro se litigants were clogging the courts with their dilatory motions and challenges, unnecessarily prolonging the foreclosure process, creating neighborhood blight and costing homeowners billions in property values by preventing “market clearing.” This […]
Read more...Nomura Wins Sad-Sack Bank of the Week After Overpaying on Court Loss to FHFA, Having Bond Traders Indicted
So yesterday was a bad day if you were a Japanese bank with stubborn executives.
Read more...The End of the Deferred Prosecution Agreement?
From the Wall Street Journal comes news of an intriguing case that would give judges much more leeway in overruling a hapless Justice Department and their light-touch deals with corporations.
Read more...Questus Global Capital Market, Scam Stock: an Update
Updating the bizarre story of Questus Global Capital Market, a New Brunswick-incorporated, GXG-listed, New-Zealand-FSP-brokered company of monstrously fraudulent aspect that had apparently ensnared a Malaysian billionaire, various US-based small businesses and retail investors, and a couple of princes from the royal families of Kuwait and Abu Dhabi.
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