CT Blue

Or, if you prefer, more of the same. Or, alternatively, deja vu all over again. Under cover of a consent decree easily wrested from a Federal government eager to make the fraud case against the banks go away, the banks are now hiring robo-auditors to determine whether their customers were harmed by robo-signers. Care to […]

This is one in which I have a hard time picking sides: Ray Haarstick is an engineer and businessman who founded a company that makes software for private equity firms. He has zero fear of complex financial deals. Yet the Waltham businessman said he felt duped after he bought a $1.4 million condo from insurance […]

James Surowiecki, writing in the most recent New Yorker makes the case for approving Elizabeth Warren’s nomination (prediction: it isn’t going to happen, and the Obama administration will leave her to “twist slowly, slowly in the wind”) and argues that the new Consumer Financial Protection Bureau will actually be good for the banks: The C.F.P.B. […]

This morning’s Times informs us that various states are now letting corporations and insurance companies create “captive insurance companies” within their borders. These companies serve as devices through which corporations and insurance companies can evade regulatory requirements. In the case of the insurance companies, they can evade requirements that they meet certain reserve thresholds, meaning […]

Huffington Post features an article about Ashford University, a for-profit “educational institution” with a quaint 5 building campus into which, through the miracle of private enterprise, the internet, and a massive dollop of fraud, its owners manage to cram approximately 76,000 students. The entire article is well worth reading, but for the lazy, I’ll condense […]