Posts filed under “Legal”

Liquidating Lehman


Source: WSJ

 

I’ve been paying attention to so many other stories that I almost let the anniversary of the Lehman Brothers’ Chapter 11 bankruptcy filing (it was six years to-the-day yesterday) slip by unnoticed.

That would be a shame.

 

Continues here

 

 

 

Category: Corporate Management, Legal

Bill Black: How to rob a bank from the inside

William Black is a former bank regulator who’s seen firsthand how banking systems can be used to commit fraud — and how “liar’s loans” and other tricky tactics led to the 2008 US banking crisis that threatened the international economy. In this engaging talk, Black, now an academic, reveals the best way to rob a bank — from the inside.

 

 

Category: Legal, Video

Movement to Declassify 9/11 Information Gathers Momentum

9/11 Commission Chairs, Congressmen and Intelligence Officers All Call for Declassification The 9/11 Commission Co-Chairs – Lee Hamilton and Thomas Kean – have called for the 28-page section of the 9/11 Commission Report which is classified to be declassified. Kean said that 60-70% of what was classified shouldn’t have been classified in the first place: Congressman Thomas…Read More

Category: Legal, Politics, War/Defense

No Crimes? That’s The Biggest Lie of the New Century

Yesterday, we looked at why bankers weren’t busted for crimes committed during the financial crisis. Political corruption, prosecutorial malfeasance, rewritten legislation and cowardice on the part of government officials were among the many reasons. But I saved the biggest reason so many financial felons escaped justice for today: They dumped the cost of their criminal…Read More

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

No Banker Crimes? Don’t Make Me Laugh!

“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate discussion: The reason that senior bankers did not face charges, even though investigators interviewed countless witnesses…Read More

Category: Bailouts, Foreclosures, Legal, Really, really bad calls

Warren Buffett’s Attackers Are Hypocritical

The jury is out as to how much of the Burger King-Tim Horton merger is driven by the desire for tax savings. So far, the range seems to be modestly to not very much. The Los Angeles Times noted “Burger King’s overall effective tax rate in 2013 was 27.5%, according to its annual report. Tim…Read More

Category: Corporate Management, Legal, Taxes and Policy

Source: Vulgar Trader

Category: Legal, Politics, Really, really bad calls, War/Defense

Ponzi Scheme Tracker

Cool data collection

Category: Investing, Legal, Psychology, Really, really bad calls

The Cash Behind the Super PACs

Source: Businessweek

Category: Legal, Politics, Taxes and Policy

John Oliver on Police Militarization

In the wake of the shooting of Michael Brown in Ferguson, MO, John Oliver explores the racial inequality in treatment by police as well as the increasing militarization of America’s local police forces.

Category: Legal, Video, War/Defense