Published on Wednesday, July 15, 2015 by Common Dreams by Deirdre Fulton, staff writer Thanks to “foot dragging by the Securities and Exchange Commission” combined with “aggressive lobbying and legal challenges by oil industry laggards,” a U.S. law meant to increase transparency around fossil fuel operations in developing countries has been stalled for nearly five years, charges a new […]
by Abrahm Lustgarten ProPublica, Nov. 14, 2014, 3:20 p.m. The U.S. Department of Justice is investigating how Chesapeake Energy pays landowners for the natural gas it drills on their property, according to disclosures made earlier this month in the company’s filings with the Securities and Exchange Commission. The probe comes after years of complaints by […]
Bank of America, agreed to pay a fine of $131 million, but did not admit wrongdoing in the deals, which were created at the behest of an Illinois-based hedge fund called Magnetar
“If large financial institutions can break the law and accumulate millions in profit and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.”
by Theodoric Meyer ProPublica, April 4, 2013, 9 a.m. Judge Victor Marrero last week became the latest federal judge to question a time-honored tactic of federal regulators: negotiating settlements in which companies pay millions of dollars in penalties without admitting or denying that they’ve actually done anything wrong. In the case before Marrero, the hedge […]
Goldman had gone from betting $6 billion on mortgages to betting $10 billion against them — a shift of $16 billion. Even CEO Lloyd “I’m doing God’s work” Blankfein wondered aloud about the bank’s progress in “cleaning” its crap. “Could/should we have cleaned up these books before,” Blankfein wrote in one e-mail, “and are we doing enough right now to sell off cats and dogs in other books throughout the division?”
US diplomats doing little more than staying out of photographs while knowing the country they are engaging with is being defrauded by a US citizen, one has to ask, why are we there?