For a while now I have been arguing that Europe’s policies for reducing the public debts of fiscally stressed member-states can be described as a Ponzi austerity scheme. In this post I attempt precisely to define ‘Ponzi austerity’.
Read more...A sceptical look at anti-carbon-scam enforcement activities in the UK.
Read more...A last look at the lovely contact list of scammers’ friends, Carbon Neutral Investments Limited
Read more...On the Lotus Formula 1 team’s unfortunate entanglement with Advanced Global Trading of Dubai.
Read more...Yves here. One of the things on our very long list of important issues we’d like to write about is the way Google, an unregulated information-screener, can dictate companies’ business models and keep information out of the public eye by how they handle search queries. Richard Smith give an example below.
Read more...Naked Capitalism notes that Carbon Neutral Investments, subject of a consumer warning by the UK’s FCA, has deals with Formula 1 teams McLaren and Sauber, Lord Heseltine’s publishing firm Haymarket, Newcastle United Football Club, and a host of PR and events companies, and wonders what the hell is going on.
Read more...Carbon Neutral Investments and the ‘recovery room’ scam
Read more...The Gumball 3000 event is helping a deeply dodgy British firm with its marketing.
Read more...Yves here. This post is important not just in and of itself but also as an example of the methods and costs of rent-seeking.
Read more...How two wide boys with shady pasts snared a leading British publisher that has major political connections.
Read more...The Sauber F1 team and their dodgy partners, Carbon Neutral Investments
Read more...Mayor Bloomberg stitched up by Italian Vogue and a dodgy financial firm: his image and words are being exploited to market carbon credit scams
Read more...Yves here. I enjoyed this piece by Bill Black because 1. Anyone who tries to pretend the Administration is serious about prosecuting bank-related fraud needs to be named and shamed and 2. I like the device of using a single sentence as the basis for a post.
Read more...By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen Joseph Smith, the National Mortgage Settlement Oversight Monitor, created four additional servicing metrics on Wednesday, in what has to be seen as an admission of what we’ve known for a good while – that the […]
Read more...The moral bankruptcy of the Justice Department’s fake crusade against JPMorgan Chase was always fairly obvious, considering that the Attorney General is holding private meetings with Jamie Dimon, the chief potential suspect in a criminal case (hey, at least those talks were “constructive”). Just yesterday, Dimon walked into the White House to meet with the President, afforded the respect of an elder statesman. The idea that he’s under “attack” is absurd.
But this has now burst into the open with Justice’s desire to stick the FDIC with half the bill:
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