Skip to content

Category Archives: Corporate Crime

It’s good to make the laws

Friday, May 31, 2013

This is a good thing… California Insurance Commissioner Dave Jones and state insurance regulators from four other states have reached a settlement of up to $2.3 million with Cigna over handling practices for long-term disability insurance. The settlement is the result of claims handling reviews by insurance departments in California, Connecticut, Maine, Massachusetts and Pennsylvania. […]

Also filed in | | Comments (0)

A Riddle

Thursday, May 30, 2013

What’s the difference between a bank and a crime syndicate? Did I hear “None”? Well, there is one. One has a banking license and one doesn’t.

Also filed in | | Comments (0)

Modern Times

Monday, May 20, 2013

Two examples in this morning’s Times of the way in which rent-seeking is slowly draining the lifeblood out of this country. What is truly phenomenal is that one would expect this type of thing to have more deleterious effects elsewhere, for isn’t this the country that doesn’t have a tradition of bribery of public officials. […]

Also filed in | | Comments (0)

Red Sox feeling put upon

Thursday, May 2, 2013

I’m a die hard Sox fan, but I’m realistic enough to know that there’s a lot of willful suspension of disbelief necessary to root for any sports team. At the bottom, they are just businesses. One of my pet peeves is the avidity with which our governments at every level dole out subsidies and outright […]

Also filed in | | Comments (0)

The SEC thinks about doing the right thing

Wednesday, April 24, 2013

In this morning’s Times we learn that the SEC is actually considering a petition that seeks a rule requiring the corporations to tell their owners (you know, the stockholders) which politicians they are bribing and which socially destructive causes they are financing. (Oddly enough, they are never shy about letting everyone know if they spend […]

Also filed in | | Comments (0)

Truly Incredible

Thursday, April 18, 2013

If you are still using RSS (I know, it’s so last year with Google Reader disappearing soon), add Wall Street on Parade to your feeds. Pam Martens covers all things Wall Street, and if you want to stay in a permanent state of despair about the country generally, and economic fairness specifically, you should read […]

Also filed in | | Comments (0)

A prognostication revisited

Tuesday, March 26, 2013

Pundits, be they pros like David Brooks, or amateurs like yours truly, are in the business of making predictions. It is therefore only fair that they should be held strictly accountable for those predictions. I’m no exception, particularly when I’m proven right yet again. A mere month and a half ago I wrote this in […]

Also filed in | | Comments (0)

JPMorgan can’t be bothered with trivialities

Monday, March 25, 2013

Believe it or not I am slowly, and hopefully surely, making my way through the Senate Banking Committee’s report on the JPMorgan “Whale” fiasco. I have to pass a quote along. Here’s the context: JPMorgan, for a time, hid it’s mounting losses by changing the way it valued the investments in which it was trading. […]

Also filed in | | Comments (0)

More adventures in semantics

Saturday, March 9, 2013

As one ages one acquires the right to become a curmudgeon, or at least one tends to believe that to be the case. Having reached a not yet ripe, but still old age, I am going to indulge myself. The object of my not-quite-wrath? Why, as often, the New York Times, whose style book, in […]

Also filed in Language | | Comments (0)

Can’t make this stuff up

Sunday, February 24, 2013

A few days ago, while writing about a local proposal to allow non-resident taxpayers to vote in local referenda, I engaged in a bit of slippery slope argumentation, wondering among other things, if corporate taxpayers would also get to vote and wondering if perhaps votes should be weighted: the greater the property, the greater the […]

Also filed in Crazies, Republicans | | Comments (0)