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Category Archives: Corporate Crime

The War on Workers

Thursday, July 10, 2014

Read this. Just when you think they are as scummy as they can get, you find out they are even scummier.

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Money for nothing

Wednesday, July 9, 2014

I'm not an economist, never having progressed beyond the intro course in college, though I have been trying to educate myself. I've often expressed what I can only call my intuition that all the Wall Street folks are doing at this stage is skimming money out of the economic system without providing anything of value […]

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Yet another modest proposal

Monday, July 7, 2014

I've written in the past about the H1-B visa program (e.g. here), a device used by American corporations to replace American workers with short term “guest” workers, who themselves are often exploited by the companies who bring them over here. There is no economic justification for this program. The companies claim that there are not […]

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License to cheat

Friday, June 13, 2014

The New York Times reports that the financial industry is upset that the Labor Department is considering making it illegal for them to cheat people out of their retirement savings. Amid fierce pushback from the financial services industry, the Labor Department, which oversees retirement plans, recently delayed releasing a revised proposal that would require a […]

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Charter School Madness

Monday, June 9, 2014

The swine belly up to the trough: Tax benefits and real estate investment may also explain why Wall Street is so hot on raising money for charter schools. On Monday night, April 28, 2014, hundreds of Wall Streeters gathered at Cipriani in Midtown Manhattan to raise funds for Success Academy Charter Schools. Former Florida Governor […]

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Well, that’s all right then

Tuesday, May 20, 2014

These people make Walmart look good. Yesterday the New York Times revealed that the people building NYU's campus in Abu Dhabi were systematically abusing the foreign workers doing the actual work: Facing criticism for venturing into a country where dissent is not tolerated and labor can resemble indentured servitude, N.Y.U. in 2009 issued a “statement […]

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Little Timmy speaks

Monday, May 12, 2014

Little Timmy Geithner is on a book tour, launched (at least so far as I was aware) in yesterday's New York Times Magazine puff piece by Andrew Ross Sorkin. Today I ran across this quote, which sort of follows up on Little Timmy's remark that the purpose of the homeowner relief program was to “foam […]

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How privatization works

Wednesday, May 7, 2014

Apparently there is yet another showdown looming. The Highway Trust Fund is scheduled to run out of money in the summer. If nothing is done (and nothing ever is ) ongoing highway projects will be shut down. Yves Smith has some interesting observations at Naked Capitalism. She suspects that this will give Obama another chance […]

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Kabuki Show

Friday, May 2, 2014

I got a bit of a laugh when I read this in the Times yesterday: The Federal Communications Commission’s chairman delivered a tough message to cable and broadband executives Wednesday, saying a lack of competition in their industry has hurt consumers. The chairman, Tom Wheeler, said that the F.C.C. intended to address the problem by […]

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Never give the 99.9% an even break

Tuesday, April 29, 2014

I rarely pay attention to the emails I receive at work from organizations like the ABA and the National Law Journal, but this one caught my eye. For anyone not somewhat experienced in litigation this issue might seem esoteric, but for me this attempt to game the rules of discovery is emblematic of the ongoing […]

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