Google is Evil….
A case study of how Google tortures customers.
Read more...Category Archives: Ridiculously obvious scams
The Modi Government and India’s Economy
Why is India experiencing so much political upheaval when it has one of the fastest growing economies in the world?
Read more...CFTC Commissioner Giancarlo Admits to Hijacking Advisory Committee to Boost Commodity Speculators
Last week, an advisory committee to the Commodity Futures Trading Commission produced a highly dubious report recommending that the agency abandon the Dodd-Frank mandate of setting position limits in futures markets to eliminate excessive speculation. The report was just an enhanced form of lobbying; eight of the nine members of the Energy and Environmental Markets Advisory Committee (EEMAC) have ties to industries that would personally benefit from killing the rule.
The big question was how an official advisory committee of a federal agency could turn into a purely distilled conduit for corporate talking points? And the answer is Christopher Giancarlo, the lone Republican commissioner on CFTC at the moment, who took advantage of the committee, twisted it to his own ends, and produced a work product destined to be used in future litigation to overturn the position limits rule.
Read more...Eric Garland: Seven Lessons from How Private Equity Wrecked Guitar Center
The Guitar Center fiasco as a case study in how not to run a business, and how that indicts private-equity influenced management norms.
Read more...Bill Black: Krugman Triples Down on His Smear of Friedman and Bernie
Krugman has really lost it.
Read more...The UK’s Money Laundering Mess (III): LLPs, Secrecy Jurisdictions, PSCs, and a Forthcoming Fiasco
Why the UK’s latest anti money laundering measures don’t look very convincing
Read more...Cyber Security and the Financial System – Why Technology Snake Oil Sells
How banks finesse cyber security risks despite hand waiving by governments and exhortations for the industry to “do something”.
Read more...Should Argentina Now Pay the Ransom to Its Hostage-Takers?
Argentina’s vultures keep pressing for higher and higher settlement terms, while giving the impression that at some point they would settle. What is the end game?
Read more...Bill Black: The AEI and Brookings Sell Marriage as the Solution for Poverty
Marriage is the new cheap fix for poverty…which means by implication that single low income women are a new category of the undeserving poor.
Read more...John Helmer: Strauss-Kahn Finds a New Way of Dropping His Pants
Strauss-Kahn demonstrates that even tarnished brand names can still be monetized.
Read more...The North Korean Connections of US Billionaire Naguib Sawiris and US Defence Company Contrack Watts
US Billionaire Naguib Sawiris and his Contrack Watts, a major US defence contractor, turn out to have ties to North Korea, via an amazingly profitable mobile phone company
Read more...Bill Black: Lenders’ Lies about Liar’s Loans and “Rigorous Underwriting”
Believe it or not, liar’s loans may be back.
Read more...Our Richard Smith Speaks on Taxcast
Our Richard Smith discusses his international fraud gumshoe work on Scottish limited partnerships on the Tax Justice Network’s Taxcast.
Read more...Not Going to Take it Anymore – Doctors in the Pacific Northwest Unionize
Unionizing doctors are at odds with management because management cares only about profit while they prioritize the quality of care.
Read more...SEC Data Show Reduction in Criminal Prosecutions Since 2010
Every year the SEC delivers an annual report right around the holidays that gets virtually forgotten by everyone. But a tipster highlighted one part of the document that matches recent research about the way in which the agency plays with numbers. Urska Velikonja, assistant professor at Emory School of Law, released the study late last […]
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