Despite the big numbers, Goldman gets the kid glove treatment relative to the severity of its 1MBD misconduct.
Recent Items
Sunday, July 6, 2025
Goldman Gets Off Easy in 1MDB Scandal Despite Further $2.9 Billion in Payments, Criminal Charge Against Malaysian Sub
Topics: Banana republic, Corporate governance, Investment banks, Investment management, Legal, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 6:40 am | 19 Comments »
The East Mediterranean Crisis Could Ignite a Greek-Turkish Proxy War
Greek-Turkish relations are more rocky than usual. A look at some of the drivers.
Topics: Doomsday scenarios, Energy markets, Guest Post, Middle East, Politics
Posted by Yves Smith at 1:48 am | 15 Comments »
Live Blog: Presidential Primary Debate #2 in Nashville, TN
Closing arguments…
Topics: Politics
Posted by Lambert Strether at 8:30 pm | 185 Comments »
2:00PM Water Cooler 10/22/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 161 Comments »
Waste Watch: Right to Repair as Remedy for School Computer Shortage?
A right to repair can reduce the digital divide and mitigate global warming, by reducing energy costs of waste disposal and production.
Topics: Global warming, Guest Post, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 9:55 am | 26 Comments »
Links 10/22//2020
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 268 Comments »
What Developing Countries Can Teach Rich Countries About How to Respond to a Pandemic
Developing countries on various continents have had greater success in managing the pandemic. Why are rich countries not following their examples?
Topics: Africa, Doomsday scenarios, Europe, Guest Post, Health care, Pandemic, Politics
Posted by Jerri-Lynn Scofield at 6:25 am | 22 Comments »
CalPERS: Poster Child of Private Equity Cargo Cultism
CalPERS’ zealous defense of private equity looks pathological. So we hazard a diagnosis.
Topics: CalPERS, Dubious statistics, Investment management, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 5:25 am | 9 Comments »
Profits Over Human Life? ER Doctor’s Story Is Fearful Lesson for U.S. Workers During Pandemic
Dr. Ming Lin spoke out about Covid safety and was fired. A doctor working for corporations must check his medical ethics at the door.
Topics: Banana republic, Guest Post, Health care, Legal, Pandemic, Private equity, Social policy
Posted by Yves Smith at 1:02 am | 19 Comments »
Will There Be a Second Dust Bowl? And What Happened to the Topsoil From the First One?
A rise in airborne dust over the Great Plains has scientists worried, and rightly.
Topics: Environment, Global warming, Guest Post
Posted by Lambert Strether at 3:25 pm | 85 Comments »
2:00PM Water Cooler 10/21/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 135 Comments »
COVID Testing and Contact Tracing in RI, the UK, and NYC: a Personal Anecdote/Saga
Pandemic theatre?
Topics: Guest Post, Pandemic
Posted by Lambert Strether at 12:15 pm | 24 Comments »
Links 10/21/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:58 am | 254 Comments »
UVA Health Still Squeezing Money From Patients — By Seizing Their Home Equity
Property liens are the hidden icebergs of patient medical debt, legal experts say, lying unseen, often for decades, before they surface to claim hard-won family savings or inheritance proceeds.
Topics: Health care, Income disparity, The destruction of the middle class
Posted by Lambert Strether at 6:50 am | 32 Comments »
The Fed’s New Policy Framework: A Major Improvement But More Can Be Done
The Fed’s new policy strategy of average inflation targeting is an unambiguously a positive step, but may not – under all circumstances – subscribe to a sufficiently aggressive make-up strategy when the zero lower bound is binding.
Topics: Federal Reserve, Pandemic, Politics
Posted by Lambert Strether at 6:45 am | 12 Comments »