The Ideology of the S&P Threat to Downgrade Brazil to Junk
Why you should look hard at the rationales and motives of ratings agencies like S&P in giving sovereign debt downgrades.
Read more...Category Archives: Ridiculously obvious scams
Will Hillary Clinton Adopt Hedgie Billionaire John Arnold’s Schemes for Retirement Insecurity?
To solve any “retirement security” problems, why not just expand the proven and popular Social Security program?
Read more...Mario Draghi: The ECB Has No Mandate To Ensure Checks Clear Or Credit Cards Work
By Nathan Tankus, a writer from New York City. Follow him on Twitter at @NathanTankus Last week Mario Draghi held a press conference following the decision to raise ELA a paltry 900 million dollars for Greek banks. In that press conference he said many things but I’d like to focus on one passage that has gotten […]
Read more...Say It With Me: Lagarde Is NOT Threatening To Scuttle Bailout Deal
The endless march of misreporting on the IMF and Lagarde’s statements continues.
Read more...The Awful Press Coverage of Lew and Lagarde That Fueled Delusion Wednesday
By Nathan Tankus, a writer from New York City. Follow him on Twitter at @NathanTankus Part of the difficulty of writing in detail about the Greek crisis is how awful the reporting is. Headlines often say misleading or outright lies, backed up by articles that are usually somewhat less misleading but require strong parsing to […]
Read more...Wolf Richter: Microsoft Tallies the True Costs of the M&A Boom: Layoffs, Write-Offs, Shut-Downs, and Economic Decline
Microsoft illustrates the real-world fallout of letting corporate executives, either out of desperation or out of finding deal making more fun than the grind of making businesses perform better, follow the siren song of M&A mavens.
Read more...Groundhog Day for NZ FSPs: Bryan Cook of Asia Finance Corporation is a Crook, but Does NZ’s FMA Care?
Why is it Groundhog Day? Back in 2011, I wrote a seriously messy blog post about dodgy New Zealand FSPs (Financial Services Providers), their dodgy web sites and people and addresses, and the evidently nonexistent oversight of all of this by the NZ Ministry of Economic Development and the NZ Companies Office. To my surprise, […]
Read more...College Is Wildly Exploitative: Why Aren’t Students Raising Hell?
Colleges wear the cloak of liberalism, but in policy and practice, they often embody a corrupt and cutthroat system of power and exploitation
Read more...Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...“A Bad Man’s Guide to Private Equity and Pensions”
A bad man’s guide to how private equity ditches pensions in bankruptcy—legally.
Read more...Scotland: the Moldovan Connection
How modest homes in some of Scotland’s poorest areas became prolific ‘company factories’, and how those companies were used in a giant Moldovan bank fraud
Read more...A Billion-Dollar Bank Fraud in Moldova, and 20,000 Opaque British Corporations
The role of UK Partnerships in a $1Bn bank fraud in Moldova
Read more...Carlyle, Apollo, Blackstone Cheat Private Equity Investors with Legal Fee Ruse
Another day, yet another private equity exposé, this one on an atypically simple-minded scam.
Read more...Mathew D. Rose: Why the US Will Have to Clean FIFA’s Augean Stall
Having the US do the cleanup on FIFA exposes how lax prosecutors were elsewhere, above all in Germany and Switzerland.
Read more...New Brunswick: How the Scammers Behind Virgin Gold Mining Corporation Found a Really Soft Touch
By Richard Smith It’s high time for an update on this vast fraud story, which has, near its core, Bryan Cook and Thomas Yi, of bogus international investment bank London Capital. Here’s a synopsis of the story so far at NC, and the global press coverage that has ensued. First, there was “Is Power8, Sponsor of […]
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