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Category Archives: Corporate Crime

Here’s hoping for failure

Wednesday, December 11, 2013

I urge anyone who comes across this to educate themselves on the proposed Pacific Rim Trade Agreement. More knowledgeable people than I have reported on this. You might start with Dean Baker's blog and work from there. Suffice to say that the United States is not just trying to engineer another massive corporate giveaway, it […]

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Crime bosses complain

Thursday, December 5, 2013

This paragraph from this morning's New York Times put me in mind of a complaint Dean Baker often makes. The CFTC is considering rules that might prevent criminal syndicates banks from fixing LIBOR rates : And it underscores increasing worries by large banks in general that the rules and regulations that have come in response […]

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Scum

Saturday, November 23, 2013

There is really no other word for the people who run American corporations. Some of the European corporations are at least throwing some crumbs at the survivors of the Tazreen factory fire in Bangladesh, but according to the Times American corporations, including Walmart and Sears, are refusing to donate a plug nickel. A handful of […]

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Not fiction

Monday, November 18, 2013

There truly are things going on in this country that you simply couldn't make up. If this were in a work of fiction, would you believe it? Food donation boxes are a common holiday-season sight in supermarkets. Boxes for store employees to donate food for other store employees in need? That's more of a surprise, […]

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Personal Responsibility is for the little people

Friday, November 1, 2013

This morning’s Times has an article about the travails of Craig Zucker, who founded a company that manufactured Buckyballs. Buckyballs were very small, very powerful magnets which, as the article explains, were a hazard to children. The package contained a warning, but that didn’t stop the carnage: The product safety agency says it has reports […]

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The Fed delivers for its constituents

Friday, October 25, 2013

One of the hallmarks of our age is the propensity of our government to adopt Rube Goldberg solutions to problems that invite simple solutions. Obamacare could have been invented by Rube himself, and while there may be practical political reasons that justify the complexity, the fact remains that had we simply adopted Medicare for All, […]

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Storm is threatening

Thursday, October 3, 2013

Okay, I'm coming around. A few months ago (too lazy to link) I mockingly reported on a study that proved something that was totally obvious to any thinking person. I was subsequently contacted by the author of the report, and I am more and more persuaded that he was right. It's important to prove the […]

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No surprise here, either

Tuesday, October 1, 2013

This may have to be a regular feature here, passing on yet another story that confirms something we all knew already. This time it has to do with investment consultants, who gather millions of dollars in fees from pension funds and the like for steering their money this way or that. If I suggested that […]

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Crime Definitely Pays

Friday, September 27, 2013

You couldn't make this up. Matt Taibbi gives a summary history of the most successful organized crime gang in the country, the Bank of America. Of course, the Mafia has a handicap in this competition. It helps if the government enables your criminality, something it has done for the banker class in spades.

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Our nobility

Tuesday, September 24, 2013

I think it can legitimately be argued that democracy is definitely dead when the nobles no longer even pretend to believe that this is a “classless” society. Put another way, we can kiss democracy good-bye when the nobles insist on being treated like nobles, or, alternatively, when they insist on their right to treat us […]

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