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...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...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...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.
Read more...If you think medical care in the US is already suffering from crapification, the Brave New World of corporatized medicine will take it to a new level.
Read more...To enable it to continue to engage in misleading labeling and advertising, General Mills claims that anyone who buys its products or even merely is dumb enough to like it on Facebook has consented to arbitration.
Read more...Robert Cowley, CEO of fake bank Investment Suisse, goes to jail for fraud
Read more...Never underestimate the willingness of banks to find new and creative ways to cheat customers, particularly when big bucks are at stake.
Read more...Hello, folks! As Yves is off explaining the world to Washington, I’m manning the controls for a couple days.
This allows me to ensure that NC has that whole Justice Department IG report on mortgage fraud covered. I know that Yves heaved the written equivalent of a sigh at the news, and she wasn’t wrong. Nothing tangible is likely to happen for the borrowers victimized by the abusive practices that DoJ willfully neglected to prosecute. And there’s surely a seat being kept warm at Covington & Burling for Eric Holder’s post-government career; this won’t hurt him a bit.
But because I don’t feel the coverage so far has plumbed the depths of this corruption, and because it’s still happening, it’s not worth going silent just yet. It’s probably spitting into the wind, yes, but I’ve got the time and the spit, so I want to note a few things.
Read more...Our bad experience with vendor known as Yoast, in a perverse case of synchronicity, illustrates our theme of the crapification of everything. Nevertheless, we suspect you’ll find our shaggy dog story to be entertaining.
Read more...In late February, Bloomberg stated that the SEC is “considering” forgiving decades of private equity firms acting as unregistered broker-dealers and possibly legalizing the practice going forward. In case you think this is not a big deal, as we explain later in the post, the SEC is in fact vigilant about enforcing these regulations, so this would be an unprecedented waiver of liability. But richer-than-Croesus private equity firms are special, right?
Read more...Yves here. Another entry in the “What could go wrong?” category.
Read more...As readers may have guessed, I’ve never been a fan of positive thinking.
Read more...Now we know how much it takes to buy PBS programming: $3.5 million.
Read more...Yves here. Wolf is flagging the end-game in the efforts to present US corporate earnings as being on a decent upward trajectory. The fact that Apple disclosed last week that it spent $14 billion in a two-week period buying back stock should be seen as a massive sell signal. As one of my stock jockey buddies remarked, “If the company won’t invest in its business, why should I?”
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