Floyd Norris, who I once respected, has written an interesting column titled “In China, Detecting Fraud Riskier Than Doing It.” Norris states that China’s hostility to those who expose fraud is so unusual that it is worthy of a column: “It can be very risky to do things in China that are taken for granted in other countries.”
The WSJ rant demands that we bestow the thanks of a grateful nation to the banks and banksters that committed the frauds.
In this first of several columns responding to the WSJ rant I discuss its failed literary allusions and tie these failures to some of the WSJ’s analytical and factual errors that render their rant risible.
The third omission from Attorney General Eric Holder’s press conference announcing the settlement with Citigroup of civil charges was the words “criminal” and “indictment.” Thew
The second omission in Attorney General Eric Holder’s press conference about the settlement with Citi was “Thank you Fed and OCC.”
Cochrane’s column ignores the paramount role that the three epidemics of “accounting control fraud” played in hyper-inflating the bubble and causing the financial crisis
A Makovsky executive was interviewed about Millennials and he explained the finance industry’s perspective on that group.
Researcher presents a sanitized version of the crisis portraying the controlling officers and traders at the largest banks as helpless victims of raging hormones rather than fraud perpetrators and facilitators.
GM’s leadership and the federal regulators have, to date, “escape[d] accountability.”
A college degree greatly increases the likelihood of employment, particularly at higher paid jobs, and that advantage is increasing rather than decreasing.