Wells Fargo Gets An Additional $110 Million Wrist Slap Over Fake Accounts Scandal
Wells will wind up paying far more in consumers via a private settlement of its fake account scandal than regulators made it cough up to them
Read more...Category Archives: Ridiculously obvious scams
Supreme Court Decides For Workers and Against Private Equity in Important Bankruptcy Case, Jevic
The Supreme Court slaps down lower courts and gives workers a key bankruptcy court win in Czyzewski v. Jevic Holding Corp.
Read more...Who Benefits From the Mayo Clinic Explicitly Putting Commercially Insured Patients Ahead of Some Government Insured Patients?
The Mayo Clinic takes a big step backwards in patient care.
Read more...Uber President Resigns Unexpectedly, Citing Problems With “Beliefs and Approach to Management”
Yet more news of internal discord at Uber.
Read more...Can Uber Ever Deliver? Part Nine: The 1990s Koch Funded Propaganda Program That is Uber’s True Origin Story
The perception that Uber is a competitive success comes from a recycled propaganda campaign.
Read more...Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started
A look a sharing versus “sharing economy” hucksterism.
Read more...After Failed UK IPO, Bank Software “Dog” Misys May Be Coming to the US!
Misys’s private equity owner Vista is trying for an overpriced exit. As the saying goes, “Little pigs get fed, big pigs get slaughtered.
Read more...The OECD Penalizes Developing Countries for Trying to Tackle Tax Avoidance
How the OECD stacks the deck in favor of tax-dodging multinationals.
Read more...Definition of Madness: Spain Needs Bigger Banks, Apparently
Spain’s pending bank mergers look like an exercise in hope over experience.
Read more...Cambridge Analytica: BINGO!
Our Marina Bart was alone in debunking the supposedly miraculously propaganda powers of Cambridge Analytica, which the Guardian just trashed.
Read more...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...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, […]
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