Working Life

Ah, the seasons turn from summer to winter to spring…predictable. And just like the seasons we can count on one almost predictable fact: no one of consequences will go to jail for the robbery of the economy, the obliteration of millions of jobs and trillions of dollars of wealth. Nope, slap on the wrist. Every. Time. And, ladies and gents, the next example: S&P.

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Ah, Don Corleone, you would wish for these days. You would never worry about running a crooked business, breaking the law, or shaking down your customers. Because, if the government came after you, you’d have a ready-made defense, a tested defense handed you by the big banks, and their apologists: don’t indict me and my associates because we’d be out of business.

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   Not surprisingly, Bank of America–one of the truly despicable actors in the mortgage scandal–has violated a deal it struck with the state of Nevada. And Nevada wants to sue.  Here you go: The attorney general of Nevada is accusing Bank of America of repeatedly violating a broad loan modification agreement it struck with state […]

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