An update on a monster lawsuit against Credit Suisse (now UBS), KPMG, and various executives for a decade of very costly misconduct.
Recent Items
Sunday, February 8, 2026
Plaintiffs in Mammoth RICO/Swiss Law Suit Versus Credit Suisse, Many Directors and Execs, and KPMG for Egregious Misconduct File Response to Defendants’ Objections
Topics: Banking industry, Derivatives, Legal, Ridiculously obvious scams
Posted by Yves Smith at 4:43 am | 9 Comments »
Elongating the Fossil Fuel Era, One Trick at a Time
A mini-catalogue of strategies the fossil fuel industry is using to forestall the transition to other energy sources.
Topics: Doomsday scenarios, Energy markets, Global warming, Media watch, Politics
Posted by Yves Smith at 2:53 am | 19 Comments »
2:00PM Water Cooler 11/1/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 61 Comments »
Even Rich Nations Now Worried About ISDS
Yves here. In the US, Public Citizen deserves a great deal of credit for turning policy-makers against the multinational-favoring, national-law-and-regulation-gutting “free trade agreement known as ISDS, or “investor state dispute settlement. These disputes are arbitrated by secret panels with no appeal and pro-corporate cronies acting as deciders. Public Citizen’s relentless digging got key bad facts […]
Topics: Free markets and their discontents, Globalization, Guest Post, Links, Politics, Regulations and regulators, TPP
Posted by Yves Smith at 11:23 am | 17 Comments »
Links 11/1/2023
Topics: Links
Posted by Conor Gallagher at 6:55 am | 165 Comments »
US Neocons Accidentally Act as Great Uniter in Caucasus
Attempts to use Armenia to destabilize Caucasus backfire spectacularly.
Topics: Energy markets, Europe, Infrastructure, Middle East, Politics, Russia, Turkey
Posted by Conor Gallagher at 6:00 am | 32 Comments »
New Report Calls Out Chemical Recycling as a ‘False Solution’ to the Plastics Crisis
ust 11 facilities are currently operational in the U.S. and they process a tiny fraction of the nation’s plastic waste, the report finds.
Topics: Environment, Guest Post, Ridiculously obvious scams
Posted by Yves Smith at 5:27 am | 6 Comments »
Iraq Moves Further Out of U.S.’s Influence With New Russia and China Deals
On Iraq’s preferential deal with China for oil output and projects.
Topics: China, Energy markets, Guest Post, Middle East, Politics, Russia
Posted by Yves Smith at 4:43 am | 18 Comments »
2:00PM Water Cooler 10/31/2023
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 103 Comments »
The Dirty Secret Behind the Hydrogen Hype
Despite promises of opportunity and jobs, communities slated for hydrogen projects oppose these handouts for the fossil fuel industry
Topics: Economic fundamentals, Environment, Global warming, Guest Post, Media watch, Politics, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 10:13 am | 40 Comments »
Links 10/31/2023
Topics: Guest Post
Posted by Yves Smith at 6:59 am | 194 Comments »
Big Brother Unchained: UK Government to Abolish Biometrics and Surveillance Safeguards As It Embraces Facial Recognition
“The lack of attention being paid to [public safeguards] at such a crucial time is shocking, and destruction of the surveillance camera code that we’ve all been using successfully for over a decade is tantamount to vandalism.”
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 24 Comments »
What Gives Israel the Right to Annihilate Gaza?
Suggesting that both sides are equally to blame in the conflict in Gaza is not a defensible position
Topics: Doomsday scenarios, Guest Post, Legal, Media watch, Middle East, Politics, Social values
Posted by Yves Smith at 6:25 am | 77 Comments »
United Auto Workers Union Hails Strike-Ending Deals with Automakers That Would Raise Top Assembly-Plant Hourly Pay to More Than $40 as ‘Record Contracts’
UAW strike wins across the auto industry show that disciplined labor action works.
Topics: Auto industry, Guest Post, Income disparity, The destruction of the middle class
Posted by Yves Smith at 6:15 am | 21 Comments »
2:00PM Water Cooler 10/30/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 94 Comments »


