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Category Archives: Corporate Crime

Quote of the Day

  A Barclays manager: “I would sort of express us maybe as not clean clean, but clean in principle.” (via The New York Times)   Posted with Blogsy

True Crime Stories

  There's no police log in the New York Times, or if there is I never noticed, but there is a crime section, which for reasons all too apparent is called the “Business” section. It's chock-a-block with crime news, though the odd thing is that the crimes are being committed in plain sight, the perpetrators […]

Low hanging fruit

  Thank God the SEC is out there protecting us from the guys that are really destroying the economy! The Securities and Exchange Commission has charged a Florida man with running a Ponzi scheme whose trading was dictated by celestial forces. In a civil suit filed in U.S. District Court in Florida, the SEC alleges […]

At least he picked the right victims

It is an interesting fact that the two people who have actually been prosecuted, since the great meltdown, as a result of financial scams, were men who specialized in relieving the already rich of their money, while the folks who simply gambled with everyone’s money have gone not only scot-free, but have been the recipients […]

Corporate veto power; the coming thing

  There are folks out there who insist that there isn’t a dime’s worth of difference between the two parties, so one should either cast a Naderesque protest vote, or not vote at all. I’ve always felt that there is too much truth in that position to totally reject it, but that on the whole, […]

Everyone else must fail

  Today’s Boston Globe reports that young people are not buying homes, and that their failure to do so will have negative impacts on the economy. The article comes complete with the required profile of an atypical exemplar of the affected class of people, a young woman who, at least implicitly, actually has the ability […]

It’s good to be a plutocrat

Yet another example of the Obama Justice Department doing just what one would have expected from the Bush Justice Department: The Obama administration is set to urge a federal appeals court to reinstate a $1.5 million music filing-sharing verdict a jury levied against a Minnesota woman for sharing two dozen songs on Kazaa. At issue […]

Honor among thieves

The inestimable Gretchen Morgenstern unearths yet another example of corporate crime, soon to disappear, unpunished, into the infinite number of memory holes at the Justice Department and the SEC: Days before Bank of America shareholders approved the bank’s $50 billion purchase of Merrill Lynch in December 2008, top bank executives were advised that losses at […]

What a guy

I subscribe to a number of Apple related RSS feeds, most of which are manned by Apple worshippers for whom Steve Jobs is a saint, and Tim Cook his anointed successor. I am hoping this is snark, but… Apple’s Board of Directors approved a dividend equivalent payment to employees holding restricted stock units, but this […]

No value added

If you’re a Daily Kos reader, you are no doubt familiar with the Daily Pundit Roundup, in which snippets of columns are featured. Today, Eugene Robinson is excerpted, the excerpt containing the following: There’s nothing inherently wrong with private equity, which plays an important role in the economy. This in a column in which he […]