Wolf Richter: How Ratings Agencies Inflate Credit Ratings to Get Deals & Fees
Haven’t we already seen this movie? Race to the bottom in gaming credit ratings agencies for commercial real estate Collateralized Loan Obligation deals.
Read more...Category Archives: Ridiculously obvious scams
Why Bad Customer Service Won’t Improve Anytime Soon
Why companies find it profitable to provide crapified customer service: this is by design, rather than reflecting incompetence.
Read more...Reports Of Patients’ Deaths Linked To Heart Devices Lurk Below Radar
Another KHN scoop on how the FDA has been hiding reports of bad outcomes with medical devices, in this case, ones for heart disease.
Read more...Electronic Health Records Creating A ‘New Era’ Of Health Care Fraud
Dozens of suits have been filed by whistleblowers, doctors and hospitals alleging that electronic health records (EHR) software used in hospitals and medical offices has hidden flaws that may pose a danger to patients — and that a substantial chunk of the $38 billion in federal subsidies went to companies that deceived the government about the quality of their products.
Read more...The Terribly Difficult Things Health Care CEOs Must Do to Make the Big Bucks: Back-to-Back Meetings, Complicated Schedules, Fatiguing Driving?!
Heatlh care CEOs are a prime example of executive feather-bedding.
Read more...The Financialization of Child and Elder Care: The Tax Justice Network December 2019 Podcast
Private equity is moving in a big way into elder and child care services in the UK. Patients and parents beware.
Read more...As Rural Americans Struggle for Health Care Access, Insurers May Be Making Things Worse
How health insurers discriminate against rural communities.
Read more...Virginia Supreme Court Upholds Ruling that George Mason University Foundation Is Not Subject to State FOIA Statute, Leaving Koch Funding Details Undisclosed
Virginia Supreme Court allows Koch influence to remain undisclosed; the decision has yet to attract much media attention.
Read more...California Governor Newsom Nixes PG&E Bankruptcy Plan
California governor Newsom’s rejection of PG&E bankruptcy plan forces the company to present an alternative before Tuesday.
Read more...Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale
Argentina attempts to push fracking, despite its poor economic prospects – even worse than the industry’s lossmaking record in the US.
Read more...Tesla’s Cybertruck Dead Last In Truck Survey
Only non-truck owners are keen about Tesla’s “cybertruck”.
Read more...Payday Lenders Offering Installment Loans to Evade Regulations – But They May Be Even Worse
When is a payday loan still pretty much a payday loan? When it’s an installment loan with annual interest rates over 100%.
Read more...Impeachment, the House as Prosecutor, and Justice
If we consider the House as a prosecutor, is the House acting as an ethical prosecutor should?
Read more...BBVA Compass Fails to Dispute, Much the Less Remedy, Retaliatory Swatting, Disclosure of Confidential Information, and Reckless Treatment of Elderly Customer
BBVA has not denied that an officer swatted an elderly woman on fabricated grounds as retaliation for documenting his reckless advice.
Read more...The NHS Is Opening Up to US Business: The Reassurances Are Demonstrably False
British officials dodged invitations to exclude the NHS from a US-UK trade deal. Not surprising, given how much public money already goes to the US healthcare industry.
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