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Category Archives: Corporate Crime

Will Obama pity the poor banks?

Saturday, January 21, 2012

If an email I received from Moveon is accurate, we may find out soon whether Obama will give a giant gift to American banks:   Breaking: There are reports that in the next 48 hours President Obama could make a decision on whether to hold Wall Street accountable by opening a full investigation into the […]

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Woody Guthrie was right-the fountain pens strike again

Wednesday, January 11, 2012

One of the great mysteries of American politics, at least to me, is why the typical American small businessman is a Republican. For reasons that are unfathomable, they appear to believe that their interests are aligned with the corporations that own the Republican party, despite massive evidence that they are perceived by those corporations and […]

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Republicans outsourcing the slime

Wednesday, December 28, 2011

We in Connecticut will likely not experience this first hand, except to the extent there’s some spillover from the Senate race in Massachusetts, but it looks like a pattern is developing in Iowa. The big money guys with the Superpacs are taking care of the negative ads, while the beneficiaries of those ads, mostly Willard […]

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Europe Follows our lead

Thursday, December 22, 2011

Floyd Norris, who usually, so far as I can see, makes sense, notes with approval that the European Central Bank has found a way to delay the day of reckoning in Europe: In recent weeks, the new president publicly insisted the central bank would never do any of the things that Germany opposed. The bank […]

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Apparently, the people have risen up and demanded an end to privacy

Sunday, December 11, 2011

If any proof were needed that we live in an oligarchy, where sometimes the rest of us are thrown a bone, consider the “Mobile Informational Call Act of 2011“, which would amend federal law to allow corporations to pester cell phone users with robocalls. I first learned about it in a fundraising email from the […]

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Corporate crime

Thursday, December 1, 2011

I don’t necessarily vouch for every statistic in this article, but the basic point appears to be indisputable: Merck  marketed a drug knowing full well that it was a clear and present danger to people with heart conditions, and as a result, thousands of people died, and just as predictably, no one was punished:   […]

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Corporate Welfare on the grand scale

Monday, November 28, 2011

Must reading at Bloomberg, about the extent to which the Fed subsidized the too big to fail banks back at the time of the crash, putting to rest the oft told lie that many of these banks didn’t want the Feds money and paid it back as soon as they could. The amount of the […]

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Dog bites Man

Saturday, November 5, 2011

I was absolute stunned when I read this headline in the Boston Globe (article culled by the Globe from the Washington Post): Big corporations use loopholes to dodge taxes, report says I simply can’t believe American corporations would do something like that. Shakes my faith in my fellow man.

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Bank of America getting ready to stiff American taxpayers again

Friday, October 28, 2011

Matt Taibbi is urging Occupy Wall Street to encourage people to pull their money out of the big banks, starting with Bank of America, which has just, apparently legally, and with the encouragement of the Fed, just offloaded trillions of dollars of bad bets onto the taxpayers. Obviously Goldman, Sachs has become the great symbol […]

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Couldn’t happen to a nicer guy

Wednesday, October 12, 2011

Yesterday, Krugman did a little gloating on his blog. Seems a year ago, Business Week ran an article about a guy named John Paulson, a hedge fund manager who was betting big on a a major uptick in the housing market. The article contrasted the obviously right Paulson (since he was rich and a hedge […]

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