New Investment Gimmickry: Covid-19 Bonds
Covid-19 has engendered investment grifting.
Read more...Category Archives: Ridiculously obvious scams
SEC Issues Devastating Risk Alert on Private Equity Abuses; Effectively Admits Failure of Last 5+ Years of Enforcement
The SEC’s Office of Compliance Inspections and Examinations says private equity conduct is really really bad.
Read more...The Economy Isn’t About Money. It’s About Putting Food on the Table
Our Enlightenment predecessors recognized not one but five economies – and the pandemic has reinvigorated our taste for them.
Read more...Who Pays for Stranded Assets? Taxpayers Are Footing The Bill For 100-Year Old Oil Wells
Why shuttering oil wells is a physical, economic, and political mess.
Read more...CalPERS Plans to Blow Its Brains Out: Seeks to Increase Risk by Boosting Private Equity, Private Debt, and Leveraging the Entire Fund
CalPERS latches on to new, really bad investment ideas.
Read more...Private Equity Clearly Inferior to Public Equity: Delivers Similar Returns With Lower Liquidity
More evidence that private equity underperforms on a risk-adjusted basis.
Read more...Yesterday’s Georgia Primary Voting Debacle: A Preview of November’s General Election?
How Georgia’s voting system enables voter suppression and election theft.
Read more...Pushed by National Uprising, Democratic Lawmakers Unveil Legislation to Overhaul Policing
Democrats introduce comprehensive policing reform legislation , but without Republican support, the best possible scenario is some repetition of the stimulus mess.
Read more...Private Equity Gets New Pockets to Pick: Your 401(k), in Funds Repeatedly Cited by the SEC for Abuses
While the US was busy with coronavirus and George Floyd protests, private equity stormed the retail investor barricade.
Read more...Revealed: Nearly 400,000 British Companies Evade Anti-Money Laundering Checks
David Cameron promised to stop scammers and kleptocrats hiding behind British shell companies. But almost one in ten UK firms still do not declare ‘persons of significant control’
Read more...Hubert Horan: What Will it Take to Save the Airlines?
The airlines are facing an existential crisis, yet no one in power is inclinded or even equipped to intervene.
Read more...Judge Entertainingly Dresses Down Expert in Neiman Bankruptcy
A bankruptcy judge minces no words. More, please.
Read more...5 Ways to Make Voting Easier for Everyone in America—Even in a Pandemic
Not surprisingly, unfriendly voting methods have a lot to do with the US having the lowest turnout rates among developed countries.
Read more...Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era
An incisive take from the no-holds-barred Tom Ferguson.
Read more...Nature Pimps for Fundamentally Flawed Gates-Funded “Swab Yourself” Covid-19 Test
An ambitious Bill Gates funded Covid-19 testing program called SCAN suffers from the health care version of “assume a can opener”.
Read more...