Financial reform? Smoke and mirrors.
Robert Reich The most important thing to know about the 1,500 page financial reform bill passed by the Senate last week — now on he way to being reconciled with the House bill — is that it’s regulatory. If does…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Category Banksters
On the brink of a new age of rage
Simon Schama in Financial Times says unless governments quickly move to recognize the genuine and building anger of citizens over the looting of their countries by a few with resultant recessions for the many, that things could get seriously ugly,…
Hedge fund fraudster gets 27 months
This for the biggest hedge fund insider trading case ever. He had to give back $900,000 in ill-gotten gains but that’s all. This seems a slap on the wrist to me. Oh sure, he went boo hoo hoo at the…
UBS trader pleads guilty in massive bid rigging scandal
The first in hopefully a long line of criminals in expensive suits has pled guilty to fraud and conspiracy in a massive scam. His higher-ups had to know. They belong in prison too. Look, in the S&L debacle of the…
Massive kickbacks in muni bonds. More bankster slime
Bloomberg has a superb investigative reporting piece on the apparent rampant criminal behavior of investment banks and advisers in Guaranteed Investment Contracts in the municipal bond market – something which cost the public billions. “The whole investment process was rigged…