Month April 2009

How Allen Stanford fell

Alex Dalmady has an admirably clear explanation of how the financial empire of Allen Stanford crumbled into nothingness. Basically, they were booking false profits into what they called Tier 3 and hoping a market surge would allow them to pay…

Protesters force Asian summit to be cancelled

The government of Thailand can’t last much longer. They couldn’t provide even minimal security for an important regional summit meeting. Protesters breached security at a “relatively easy to protect” location, smashed doors, and entered the convention building, forcing the meetings…