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With Zero Accountability, Big Oil Wringing Profit from Developing Countries

With Zero Accountability, Big Oil Wringing Profit from Developing Countries

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 […]

Chesapeake Energy Faces Subpoena on Royalty Payment Practices

Chesapeake Energy Faces Subpoena on Royalty Payment Practices

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 […]

Can a Judge Really Block the SEC's Settlement With Steven Cohen?

Can a Judge Really Block the SEC's Settlement With Steven Cohen?

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 […]

Rolling Stone – The People vs Goldman Sachs – will DOJ prosecute?

Rolling Stone – The People vs Goldman Sachs – will DOJ prosecute?

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?”

Embassy cables reveal US regulators not paying attention Allen Stanford Ponzi scheme

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?