Bill Black: Kenneth Arrow’s (Ignored) Impossibility Theorem
Nobel Prize winner Kenneth Arrow’s most celebrated theorem illustrates why economics isn’t just wrong-headed but actually destructive.
Read more...Category Archives: Ridiculously obvious scams
Ian Fraser: What the HBOS Fraud Tells Us About the State of British Banking
The £1 billion HBOS Reading fraud, my part in exposing it, and what it tells us about the state of British banking
Read more...“Civil Rights Groups” Throw Public Under the Bus on Net Neutrality for Their Big Telco Donors
How the big telcos have bought off so-called civil rights groups, who are pushing hard to end net neutrality.
Read more...Bill Black: New York Times’ Andrew Ross Sorkin Tries to Make Hank Paulson a Hero
As part of reviewing Obama’s legacy, Bill Black eviscerates how Sorkin’s book tried to exhonorate Hank Paulson for his crisis performance.
Read more...CalPERS Tries to Hide Its Dirty Laundry, Threatens Most Effective Board Member: “Quit or Else”
CalPERS has managed to descend to a new low. Its strategy of trying to sweep fundamental problems under the rug has reached the point that the rug is not just lumpy but also starting to move. The latest shocker (and it is shocking) is that the board has launched a plan to strip JJ Jelincic, […]
Read more...The Obama Administration Bails Out Private Equity Landlords at the Expense of the Middle Class: Government Guarantees for Rental Securitization
So how much did Blackstone promise to give to the Obama library for this huge grift, um, parting gift? As regular readers may recall, private equity firms piled into buying foreclosed single family homes on the belief that if the government (in this case, Fannie and Freddie) was selling, they wanted to be buying. And […]
Read more...How Experts Enable Corruption: The Role of Conflicted Lawyers at CalPERS and Other Public Pension Funds
As Trump is about to be sworn in, the press and pundits are agog about his and his fellow Cabinet members’ deep and extensive conflicts of interest, and how dangerous they is for democracy.1 But the hue and cry about conflicts of interest is late in coming. They’ve been tolerated more and more over time […]
Read more...Debate Over Health Care Yet Again Omits Elephants In the Room: Excessive Costs Due to Terrible Incentives and Pricing, Administrative Costs, Pharma Looting
Health care in America is broken and the press and pundits seem desperate to paper over how bad it is.
Read more...Calling Readers! Fight for Corruption-Busting SC Treasurer Curt Loftis As GOP Tries to End His Pension Oversight Role
Pension-corruption-fighter/state Treasurer Curt Loftis is under attack. Urge everyone you know in South Carolina to come to his defense.
Read more...How Taxpayers Subsidize AirBnB’s Cheap Prices
How you lose when AirBnB wins.
Read more...Former Employee Sues Google, Claims It Maintained an Internal Spy Network That Encouraged Workers to Snitch on Each Other
Google looks to have been too clever by half in how far it has gone in trying to silence employees.
Read more...Can Uber Ever Deliver? Part Six: Latest Data Confirms Bleak P&L Performance While Stephen Levitt Makes Indefensible Consumer Welfare Claims
More on Uber’s questionable prospects and the dubious defenses offered by boosters, in this case, “Freakonomics” professor Stephen Levitt.
Read more...Bill Black: White Collar Crime Will Have a Field Day Under Trump
In this Real News Network segment, Bill Black describes why elite banksters will have a free hand if Trump gets his appointees through. Although Black focuses here on just departed Goldmanite Gary Cohn, the Democrats ought to put up a pitched battle over another Goldman alum, Steve Mnuchin, Trump’s Treasury Secretary nominee. Mnuchin is unqualified […]
Read more...NBC Evening News in Denver Defames Naked Capitalism
A NBC News affiliate singles out Naked Capitalism, and Naked Capitalism only, as a fake news site and tells viewers not to watch or share it.
Read more...Washington Post Backlash: Black Agenda Report, Counterpunch, and Paul Craig Roberts Join Us in Second Demand Letter Retraction and Apology for Defamatory “Propaganda” Story
More sites team up to take on the Washington Post and the new “Russian propaganda/fake news” McCarthyism.
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