Category Archives: Ridiculously obvious scams

Trump and the Infrastructure of Fascism

How Trump’s infrastructure plan is a thinly-disguised privatization and deregulation scam.

Uber PR Story on Supposed Financing Falling Apart as Warring Board Members Trade Barbs

Things are so bad at Uber that planted stories are falling apart within days.

Fiduciary Rule: Helps Not Hurts Wall Street, So Full Rescission Unlikely

WSJ says fiduciary rule helps Wall Street, so rescission unlikely. But still may be better for retail investors than previous status quo.

New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?

The Uber soap opera continues, and the New York Times is doing its part by applying lots of porcine maquillage.

Uber: “Battle to the Death” in Benchmark/Kalanick Power Struggle

The fight over Uber would normally be mistaken for a Punch and Judy show if there weren’t so much money at stake.

Uber Descends Into Even More Turmoil With Benchmark Suit v. Kalanick

The war for control of Uber gets uglier…..

Wall Street Journal Deigns to Notice Costly Indiana Toll Road Failure, Depicts It as Isolated When Toll Roads “Consistently” Go Bust

Toll road projects have consistently failed over the last decade and a half, but you never hear that in the mainstream press.

Yes Men Target “Better Deal” #DNCTakeBack Scam

The DNC’s Better Deal scam is barely out of the box and the Yes Men are already making fun of it.

Bannon and Blackwater Want to Outsource Afghanistan War

Details on how the US is doubling down on its failed war in Afghanistan.

Wolf Richter: How Banks Hurt the Real Economy – FDIC’s Hoenig to Senate

The FDIC’s Tom Hoenig takes up the thankless task of shellacking the latest self-serving whinge from Jamie Dimon.

Fake Unicorns: Study Finds Average 49% Valuation Overstatement; Over Half Lose “Unicorn” Status When Corrected

Investors beware! A large scale study found that every unicorn it looked at was overvalued, on average to a significant degree.

What the US “Health Care Reform” Debate Did Not Address

A sobering compendium of the factors responsible for the rot in the US health care system.

Original Shareholder Value Article – Milton Friedman to GM: Build Clunky Cars

Yet another reason to doubt the supposed wisdom of the “shareholder value” theory of corporate governance.

Bill Black: Subprime Auto Loan Defaults on the Rise

Black discusses subprime auto lending and the failure of federal banking regulators to regulate– a problem that didn’t originate w/ Trump.