Tag Archive | "Corruption"

S&P Under Investigation: Lawbreaking Or Not, S&P Is Bankrupt

   Over the past few months, I’ve written a number of pieces about the ludicrous spectacle of anyone taking Standard and Poor’s and Moody’s seriously anymore. When S&P downgraded the U.S. rating, it underscored how entirely corrupt the system has become.     Joy and celebration: maybe S&P even broke the law.  The investigation is […]

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Verizon Corporate Free Loading and Political Corruption

   A little insight into the world of Verizon, the company attacking its workers not because it has to from a financial point of view but just because of greed. People need to make some connections. For example: Despite earning over $32.5 billion over the last 3 years, Verizon not only paid nothing in corporate […]

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Mr. President, When You Dine With Wall Street, Bring The Handcuffs

    It is a sad story to read, and a sad but powerful comment on who runs America. Rather than come to dinner with subpoenas and maybe even a few warrants for the arrest of the people who helped engineer the economic crisis we are still digging out of, the president is groveling–for campaign cash […]

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“The Untouchables” Strategy: How To Fix The Economy

Every day, I get a new email from some group about a new 55-page proposal to fix the economy, or I see some expert propose a sure-fired way to get us "back" to a go-go world of "positive growth". There’s value in a whole lot of some of those ideas. But, my can’t-lose strategy boils […]

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Scalia et al Make Up Corporate Constitutional Rights

   It is has been pointed out by others that when the Republicans chose to organize the reading of the Constitution on the House floor, they conveniently left out parts they didn’t like. But, they have intellectual–and I use "intellectual" loosely–support for this from Justice Scalia and his wing of convenient Constitutionalists who choose to […]

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The Censure of Rangel–TV Talk

   Last night, I appeared on Capital Tonight with Liz Benjamin to speak about the censure vote of Charlie Rangel.  

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A Sense of Entitlement Leads To Corruption

    Politics, and the maneuvering in politics that so many of our citizens despise, has a way of muddying the waters and clouding the truth. The combatants in politics, aided by the shallowness of media coverage, engage in tussles that leave the voters scratching their heads. The average, normal person thinks: “Wait, my basic values […]

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Wall Street Parties, America Weeps

   Nice to know that, even though we are suffering through massive unemployment and economic despair, the very people who caused that despair are having a good time: Two years after the onset of the financial crisis, the stock market is recovering and Wall Street’s moneyed elite are breathing easier again. And this means in […]

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The System Is Still Deeply Rotten

The swamp has not been drained. Throw them all in jail. The Wall Street Journal today: Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation, according to people familiar with the matter. The criminal and civil probes, which authorities […]

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Wall Street: Goldman Sachs and Business As Usual

As the dust has settled a bit from last week’s slap-on-the-wrist to Goldman Sachs, it’s worth making this point again: nothing much has changed.   After the first few hours of the news that Goldman would pay $550 million to make the SEC go away, it became pretty clear that the government had nicked Goldman […]

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