Posts filed under “Crony Capitalists”

Hoenig: A Strong Voice Against Big Banks

The Times’s Louise Story talks to Thomas Hoenig, the vice chairman of the Federal Deposit Insurance Corporation, who says he is not alone in calling for a breakup of banks too large to regulate. The five that need to be shrunk JPM, Wells Fargo, Goldman Sachs, Citigroup, Morgan Stanley (Bank of America was not mentioned int his interview buy was discussed previously):

 

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Category: Bailouts, Crony Capitalists, Regulation, Video

JP Morgan Chase: Out of Control (Complete Rosner Report)

Category: Corporate Management, Credit, Crony Capitalists, Legal, Think Tank

Bankistan Vanquishes America

Is there a single doubt left in your mind? Are you still a believer in Rufus T. Firefly Jamie Dimon as the world’s smartest banker? Is there a scintilla of wonder left in your mind that the giant banks are legitimate? Have you come around to understanding — finally — what some of us have…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Credit, Crony Capitalists, Legal, Really, really bad calls

10 Worst Corporate Accounting Scandals

click for all 10 scandals

Full graphic after the jump
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Category: Corporate Management, Crony Capitalists, Digital Media, Legal

Why the Ratings Agencies Deserve the Death Penalty

The very belated Federal civil suit against Standard & Poors is based on one very specific deal, with an extremely egregious email trail. Looking at the entirety of the crisis, the Credit Rating Agencies (the properly blamed CRA) were major players. Standard & Poor’s and Moody’s as well as the much smaller Fitch ratings agencies…Read More

Category: Bailouts, Crony Capitalists, Legal, Really, really bad calls

Matt Taibbi on Big Banks’ Lack of Accountability

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Category: Crony Capitalists, Legal, Video

Department of Experimental Accounting

  Source: New Yorker  

Category: Crony Capitalists, Humor, Valuation

Corporations are People. Evil People

click for full infographic

Source: Online MBA Programs

 

 

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Category: Crony Capitalists, Digital Media

CEOs of Public Firms Are Wildly Overcompensated

“It’s a false paradox. The peer group is based on the theory of transferability of talent. But we found that C.E.O. skills are very firm-specific. C.E.O.’s don’t move very often, but when they do, they’re flops.” -Charles M. Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware  …Read More

Category: Corporate Management, Crony Capitalists, Really, really bad calls