Another Day, Another Bad Incentive Deal
A pending economic incentive deal in Alabama is a case study of why these proposals need hard, skeptical reviews.
Read more...Category Archives: Ridiculously obvious scams
New Zealand: the Shell Company Incorporation Franchises (V) (and Panama and Switzerland)
Yet more live connections between New Zealand companies and international organized crime, plus some Panama and Switzerland, too
Read more...Is That a Good State/Local Economic Development Deal? A Checklist
Yves here. This post addresses an important but oft-neglected topic: that of the stealth subsidies to the rich and connected that take place via economic development projects.
Read more...Don Quijones: The Bank That Nobody Wants To Buy
The sorry tale of the supposedly restored Spanish zombie bank Catalunya Caixa.
Read more...The Private Equity Limited Partnership Agreement Release: The Industry’s Snowden Moment
We’ve published 12 private equity limited partnership agreements, including the KKR limited partnership agreement that was key to an important Wall Street Journal story. The source documents have been removed from the Pennsylvania Treasury’s website, so our document trove has now become the best source for these records.
Read more...New Zealand: the Shell Company Incorporation Franchises (IV) (and Latvia)
New Zealand: more dubious companies in the New Zealand register, and another elusive company incorporator
Read more...Wall Street Journal Exposes Possible Grifting by Private Equity Kingpin KKR and KKR Capstone
So when does a related entity rise to the level of being an affiliate? That issue, sports fans, will likely determine whether the SEC will hit the private equity kingpin KKR with fines relative to its relationship with the consulting firm KKR Capstone, which works exclusively for KKR’s portfolio companies.
Read more...R. Hunter Biden Should Declare Who Really Owns His New Ukrainian Employer, Burisma Holdings
Trying to pierce the murk around the new Ukrainian venture of Vice President Biden’s son R. Hunter Biden
Read more...New Zealand: the Shell Company Incorporation Franchises (III)
We remind the New Zealand government that a shell company network linked to $10-100Bn of alleged moneylaundering is still active in New Zealand.
Read more...New Zealand: the Shell Company Incorporation Franchises (II) (and Ukraine)
The nuts-and bolts view of these looting mechanisms shows how corruption actually works.
Read more...New Zealand: the Shell Company Incorporation Franchises (I)
How New Zealand shell company incorporations help tax evaders and scammers.
Read more...Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices
Remarkably, some Goldman alumni look about to re-enact Enron-style energy market price manipulation all along the East Coast. And no one appears to be alert enough to stop them.
Read more...While New Zealand’s Company Law Reform Stalls, GT Group Helps a Thieving Ukrainian Despot
Since the Great New Zealand Shell Company Deregistration Frenzy of 2009-2011, which we rounded up here and here, the New Zealand Government, and the New Zealand Companies Office, have managed to catch a bit of sleep, bless them.
Read more...Will “Highway Cliff” Allow Obama to Revive “Public/Private Partnership” Infrastructure Scam?
Your humble blogger may be reading more than is warranted into the synchronistic timing of stories in two different newspapers about financing highway construction. But it nevertheless looks sus.
Read more...Health Care Information Technology: A Danger to Physicians and to Your Health
The causes of the crapification are legion, but one that is having a bigger impact on health care than is widely recognized is bad information technology implementation. And I don’t mean the healthcare.gov website.
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