A last look at the lovely contact list of scammers’ friends, Carbon Neutral Investments Limited
Read more...On the Lotus Formula 1 team’s unfortunate entanglement with Advanced Global Trading of Dubai.
Read more...Naked Capitalism notes that Carbon Neutral Investments, subject of a consumer warning by the UK’s FCA, has deals with Formula 1 teams McLaren and Sauber, Lord Heseltine’s publishing firm Haymarket, Newcastle United Football Club, and a host of PR and events companies, and wonders what the hell is going on.
Read more...Carbon Neutral Investments and the ‘recovery room’ scam
Read more...The Gumball 3000 event is helping a deeply dodgy British firm with its marketing.
Read more...The Sauber F1 team and their dodgy partners, Carbon Neutral Investments
Read more...Mayor Bloomberg stitched up by Italian Vogue and a dodgy financial firm: his image and words are being exploited to market carbon credit scams
Read more...Yves here. Readers will notice how closely the US banking model hews to the UK version (or more accurately, original), particularly in its predatory practices.
Read more...Congressmen Alan Grayson and John Conyers have published a well-thought-out proposal on bank equity, with the objective of assuring that when banks do stupid things (which they do with great regularity, even before the era of casino banking, they’d embrace some new fad and run off the cliff together, like lemmings), they have enough capital to absorb losses. And that means a lot more capital than regulators are demanding they have now.
So I urge you to co-sign their letter (full text below) at http://nobankwelfare.com/.
Read more...I thought I was late to write about JP Morgan’s $920 million multi-regulator settlement last week on the London Whale, but breathless news of a possible $11 billion settlement of mortgage-related liabilities has pushed the bank and its chief back under the hot lights.
Read more...Yves here. This is a terrific post, and I think readers who are in the unfortunate position of having to invest in the markets will relate to Sethi’s analysis (personally, I hate trading, I wish it were possible to be a long-term investor, but that’s become an awful lot like driving a Model T on a Nascar track). The use of Intrade data and discussing Obama v. Romney-biased speculators is both clever and makes the discussion accessible. And I must confess to being very attached to my “priors” and too willing to fight the tape!
Read more...One of the aggravating facts of life in bureaucracies is having to contend regularly with misrepresentation. And I don’t mean faux friendly corporate bromides like “We’re here to help,” but weasely, technically accurate but substantively misleading statements. A Treasury reply to some questions from Elizabeth Warren is a classic in this genre.
Read more...For six years, we’ve discussed off and on how income inequality hurt the health of citizens, even in the top income strata. The US now ranks 27th in life expectancy among 34 advanced economies, down from 20 in 1990.
But in addition to the considerable health dangers of stress and weak social bonds, more obvious public health risks may be coming to the fore.
Read more...By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Cross posed from Benzinga
The last ditch efforts to save Larry Summers’ prospective nomination to run the Fed and the comments about his withdrawing from consideration have prompted further discussions of financial regulation. The thrust of the comments is that Summers’ big regulatory idea was that capital requirements are the key and other forms of rules are worthless because they are easy to evade.
The last ditch efforts to save Larry Summers’ prospective nomination to run the Fed and the comments about his withdrawing from consideration have prompted further discussions of financial regulation. The thrust of the comments is that Summers’ big regulatory idea was that capital requirements are the key and other forms of rules are worthless because they are easy to evade.
It’s not only not a good idea, it’s not good because capital requirements can be gamed just like other rules.
Read more...I have to confess that given the length of this panel discussion presented by Better Markets, I’ve looked only at the start, which is quite promising. Given the caliber of the participants, I’m hoping to get to it over the weekend, since it will be a departure from the bromides the MSM seems to be serving up on this anniversary of the Lehman collapse. This talk is oriented towards a discerning audience and offer more insider detail.
Read more...