Category Archives: Ridiculously obvious scams

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.

How Electronic Health Records Degrade Care and Endanger Patients

A deep dive by a practicing surgeon into how electronic health care records are bad for patients and doctors but good for administrators.

Wells Fargo at It Again, Stuck Over 800,000 Customers With Unnecessary Car Insurance

Scheming Wells Fargo just can’t stop itself.

Is Uber About to Take SoftBank for a Ride?

What to make of the rumor that SoftBank is interested in investing in Uber.

Don Quijones: People Not Amused by EU Efforts to “De-Cash” their Lives

EU survey results show respondents overwhelmingly oppose proposals to impose an EU-wide cash ceiling that would throttle use of cash.

Visa Trying to Bribe Merchants to Stop Taking Cash

The latest chapter in the War on Cash.

Hallucinating Banks Believe They Are Technology Start-Ups

Banks are trying to make out like they are technology start-ups. But what’s their agenda? As usual, it is theirs, not their customers’.

Wolf Richter: Cryptocurrencies Collapsed

Why “collapsed” is not too strong a word to describe the recent price action for currency wannabes.

EU Takes Stand Against Crapification

The EU takes a first step towards combatting planned obsolescence and manufacturer-only repairs.