Tag Archive | "UBS"

Faux Toughness

It’s a tad better but still I remain unimpressed by the UBS felony conviction. Because the big fish are still not in jail.

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The Thieves Keep Multiplying

Ah, so many thieves, so little time. I’m not a big fan of fines that get thrown around as punishment for crimes. But, it’s worth keeping a tally anyway.

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Europeans Digging Into Seamy Biz of Goldman et al

    Via the Financial Times today: The European Commission has opened sweeping antitrust investigations into a collection of the biggest players in the credit default swaps market, including ICE, the industry’s leading clearing house. The investigations, launched by Joaquín Almunia, the competition commissioner, open a new chapter in the commission’s attempts to regulate a group […]

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Rich Hide Money in Secret Accounts, Throw Us Crumbs

   Let me be quite clear again about one fact that gets lost: we have plenty of money in the country. There is no debt or deficit "crisis" even if people across the political spectrum, including former labor leaders, are regurgitating complete nonsense about the "crisis". This is simple: it’s class warfare and the rich […]

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The Rich Sue to Keep Their Stealing Secret

You break the law. You hide your money. You abandon any pretense to having any loyalty to your community. And, now, you sue to keep all the quiet. That’s what a group of rich Americans are doing.   I caught this in The New York Times and have yet to see it elsewhere but this […]

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Friday Scandal Update: Scams, Subpeonas, Secret Accounts

  I have to say this would all make for a great movie–thriller, farce, comedy?–if the plot lines didn’t actually mean that millions of people have been screwed by crooks, greedy elites and incompetent CEOs. Today, there is just a plethora of news on the "free market" scam front, all courtesy of The Wall Street […]

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SHOCKER: Bankers Feel Shame, Give Back Money

  Having crashed the financial system around the globe and consigned millions of people to severe hardship over the next several years, a few bankers are trying to save some face: they are giving back millions of dollars in pay.   I would note first that, personally, I think the whole coterie of Rubinites (those […]

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