How Your State and Local Tax Dollars Paid for Private Equity Firm TPG’s Elton John Appearance
Yet another example of how private equity operates by its own set of self-serving rules.
Read more...Category Archives: Ridiculously obvious scams
Will the Cost of a “Self-Driving Taxi” Really Be Sixty-Seven Cents ($0.67) a Mile? McKinsey’s Mysterious Footnote 17
A close reading of McKinsey’s report on self-driving cars.
Read more...“Hilariously Corrupt”: Former SEC Chairman Arthur Levitt Attacks Elizabeth Warren for Criticizing SEC Inaction; He Did Just That in 2015
Apparently it’s OK for former chairmen like Arthur Levitt to criticize the SEC, but not senators, and above all not Elizabeth Warren.
Read more...Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street
Debt scaremongering is baaack! Why Pete Peterson and his budget falsehoods are a danger to your and your grandkids’ financial health.
Read more...Perfect Hindsight: on Breder Suasso of NZ and elsewhere, Global Transaction Services, of Hong Kong, Georgia (US) and London, mBank and Pekao Bank SA of Poland, and Ceska Sporitelna AS of the Czech Republic
This is Naked Capitalism fundraising week. 793 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Read more...Blackstone Presents New Fee Scheme: Tricky Fees are Dead, Long Live Tricky Fees!
Blackstone’s new, improved fee scheme confirms that any supposed concession to investors need to be viewed with great skepticism.
Read more...Self-Driving Cars: How Badly Is the Technology Hyped?
Fully autonomous self-driving cars are many years away (“not in our lifetimes”). This has implications for how companies hyping them should be valued.
Read more...Class Action Lawsuit Against Wells Fargo Seeking $2.6 Billion for Wrongful Terminations Unlikely to Go Very Far
A case arguing that Wells Fargo fired and demoted employees who didn’t commit fraud to meet sales targets, does not deliver the goods.
Read more...Wells Fargo’s Management by Magical Thinking Comes Up Short in the Cover-Up Category
The more the press digs into the the sordid details of the Wells Fargo fake account scandal, the more rancid the stench.
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...DoJ Opens Investigation Into Wells Fargo Fake Accounts; Why Top Execs Are Responsible
Sanctimonious Wells Fargo may finally be getting its comeuppance.
Read more...Wells Fargo CEO John Stumpf Blames Nasty, Scheming Employees for Fake Accounts Scandal
If Stumpf were captain of the Titanic, not only would the crash be the iceberg’s fault, but he’d also get the first seat on the lifeboat
Read more...John Helmer: Did Hillary Clinton Take Money From Russia Oligarch Oleg Deripaska for a Favor in the General Motors-Opel Deal?
The curious tale of a Russian’s oligarch’s donation to the Clinton Foundation and his failed attempt to make an acquisition from General Motors.
Read more...Wells Fargo Exec Who Oversaw Fake Accounts Received $125 Million Upon Recent Retirement, Praise from CEO; Senate Hearings Next Week
The Wells Fargo “fake accounts” scandal gets uglier.
Read more...Don Quijones: Barcelona Just Declared War on AirBnB (and Its Hosts)
Why Barcelona is taking a tough stand on AirBnB, and has strong support of its citizens.
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