Oil companies hire accountants to legitmate inflated financial claims. Investors and regulators are targeting these auditors for fraud.
Recent Items
Thursday, October 16, 2025
How Third-Party Auditors Make Oil Industry Fraud Possible
Topics: Dubious statistics, Economic fundamentals, Energy markets, Environment, Free markets and their discontents, Global warming, Guest Post, Investment management, Legal, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 5:13 am | 4 Comments »
2:00PM Water Cooler 6/3/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 117 Comments »
Driver’s License Suspensions for Failure to Pay Fines Inflict Particular Harm on Black Drivers
Yet another way that biased policing does financial harm to blacks and people of color.
Topics: Guest Post, Income disparity, Legal, Social policy, Social values
Posted by Yves Smith at 9:55 am | 15 Comments »
Links 6/3/2021
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 120 Comments »
CalPERS Desperate Response to Suit Over Illegal Secret Board Discussions and Other Abuses Seeks to Drag Case Out as Long As Possible
CalPERS’ intelligence-insulting answer to former board member Jelincic’s transparency lawsuit says that CalPERS is just dragging things out.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal
Posted by Yves Smith at 6:54 am | 16 Comments »
How Is Your Economy?
One of our periodic reader queries as to what they make of the state of the economy based on local sightings.
Topics: Economic fundamentals, Pandemic
Posted by Yves Smith at 6:53 am | 94 Comments »
Why Colombia Has Erupted in Protest
The pandemic exacerbated intolerable poverty and economic distress in Colombia. As repression mounts, is there any way out?
Topics: Banana republic, Doomsday scenarios, Free markets and their discontents, Guest Post, Income disparity, Pandemic, Politics
Posted by Yves Smith at 12:14 am | 15 Comments »
2:00PM Water Cooler 6/2/2021
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 95 Comments »
Little-Known Illnesses Turning Up in Covid Long-Haulers
Yet more types of long Covid damage, this one particularly debilitating.
Topics: Doomsday scenarios, Guest Post, Health care, Pandemic, Science and the scientific method
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 6/2/2021
Topics: Links
Posted by Yves Smith at 6:55 am | 164 Comments »
Lawmakers Are Firing Back At Fossil Fuel Divestors
Red state retaliation! Fossil fuel states will take business away from firms that divest from energy producers.
Topics: Banana republic, Energy markets, Environment, Free markets and their discontents, Global warming, Guest Post, Investment management, Politics
Posted by Yves Smith at 6:53 am | 22 Comments »
The West’s Not Very Hidden Hand in Debt Oppression in Central Asia
How World-Bank-sponsored microlending produced widespread misery in Kyrgyzstan and Kazakhstan: debt collectors use violence.
Topics: Banking industry, Credit markets, Doomsday scenarios, Guest Post, Income disparity, Legal, Pandemic, Politics, Ridiculously obvious scams
Posted by Yves Smith at 6:40 am | 11 Comments »
SoftBank-Funded Silicon Valley Unicorn Katerra, Which Was to “Transform” the Construction Industry, Collapses
Katerra, one of the rare unicorns with a real or at least plausible business, fell to Covid. Lawsuits will fly.
Topics: Guest Post, Investment outlook, Pandemic, Real estate, Ridiculously obvious scams, Technology and innovation
Posted by Yves Smith at 6:28 am | 14 Comments »
2:00PM Water Cooler 6/1/2021
~ Today’s Water Cooler ~
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 144 Comments »
From Tragedy to Hesitancy: How Public Health Failures Boosted COVID-19 Vaccine Scepticism
Who’d have thunk it? Public health incompetence fuels distrust in official recommendations, like vaccines.
Topics: Doomsday scenarios, Guest Post, Health care, Pandemic, Politics, Social policy, Social values
Posted by Yves Smith at 9:55 am | 55 Comments »