Tag Archive for Corruption

Gagging Doubt: French Crackdown On French And American Bloggers Who Question Megabank Balance Sheets – Wolf Richter- Testosterone Pit

French Financial Markets Authority announced it would slap fines on two bloggers, Frenchman Jean-Pierre Chevallier and American Mike “Mish” Shedlock, “for having spread inexact information about the level of indebtedness” of meg…

The Gloriously Ballooning Bailout Bedlam Of Cyprus – Wolf Richter- Testosterone Pit

Bailouts start out small. At first, Cyprus just had a funding crisis; the markets had gotten smart, after years of dousing the country with cheap euros. Not that the risks weren’t there before. But markets opened their eyes. So Cyprus went begging to Russia, and got €2.5 billion in November 2011. That money evaporated without…

The French Government Spirals Elegantly Into Self-Destruction – Wolf Richter- Testosterone Pit

France might not even notice if the eurozone fell apart—that’s how tangled up it is in the Jérôme Cahuzac fiasco that blew up with phenomenal effect on Tuesday and Wednesday. Former Presidents Jacques Chirac and Nicolas Sarkozy were and still are dogged by scandals, investigations, and trials that laid bare all manner of misdeeds they…

Intuit’s Long Hard Fight To Stick It To The Taxpayer – Wolf Richter- Testosterone Pit

“The government imposed the income tax burden in the first place,” said former California Republican legislator Tom Campbell about the process of filing income tax returns. “So if it wants to make it easier, for heaven’s sake, why not?” But two companies that sell tax preparation software and services have been lobbying tooth and nail…

‘Regulatory Capture’ Emasculated The Regulators Of Megabanks- Wolf Richter- Testosterone Pit

I have to admit that I don’t want to be grilled on national TV by Senator Elizabeth Warren about my dirty-underwear drawer. I almost felt sorry for David Cohen, the Treasury’s Under Secretary for Terrorism and Financial Intelligence, when she skewered him about the uncanny ways in which megabanks and their bankers dodge any kind…