How 401(k) Plans Stack the Deck to Get Chump Investors to Sign Up for Doggy Sponsor Funds
Yet more reasons to be leery of 401 (k) plans.
Read more...Category Archives: Regulations and regulators
Bill Black: Bank of England Says Authorities Mustn’t Fine Banks Because Groaf
The Bank of England offers an easily-debunked defense of predatory and fraudulent lending.
Read more...Trump, Clinton, Obama and the TPP
How much-derided “populism” has revealed some ugly truths about the TPP, leading Clinton and Obama to try to reposition themselves.
Read more...New York Pension Regulator Shellacks State for Overpaying for Hedge Fund Underperformance, Enabling Private Equity Fee Secrecy
This is Naked Capitalism fundraising week. 794 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Read more...Perfect Hindsight: on Breder Suasso of NZ and elsewhere, Global Transaction Services, of Hong Kong, Georgia (US) and London, mBank and Pekao Bank SA of Poland, and Ceska Sporitelna AS of the Czech Republic
This is Naked Capitalism fundraising week. 793 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what […]
Read more...Why Italy’s Banking Crisis is Spiraling Out of Control
Even by the standards of European kick-the-can-down-the-road exercises, measures to stave of an Italian banking crisis are really slapdash.
Read more...How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud
The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.
Read more...The SEC Fiddles While the System Burns: Insider Trading Enforcement As Securities Law Theater
The SEC’s focus on insider trading, at the expense of offences with greater systemic significance, is a form of securities law theater.
Read more...Earth to Regulators: If You’re Going to (Hopefully) Ding John Stumpf, Don’t Miss Henry Kravis, Leon Black, et al.
Now that the press is focusing on executives who oversaw stealing, people like Leon Black are even more deserving targets than John Stumpf.
Read more...Just How Hard Is It To Cut US Greenhouse Gases?
The US is not surprisingly, going to miss 2020 greenhouse gas targets by a big margin. What will policymakers do?
Read more...CFPB Looks Here to Stay: What Does the Future Hold?
A decision by the D.C. Circuit Court of Appeals overturning the CFPB director structure allows the agency to pursue its ongoing policy and enforcement agenda. With separate new regulations on payday lending and mandatory arbitration expected soon, will consumers finally get the more effective financial product regulation we deserve?
Read more...Almost Nobody Is Satisfied With Wells Fargo CEO John Stumpf’s Overdue Departure
While John Stumpf has finally departed Wells Fargo, the bank hasn’t made moves consistent with serious change.
Read more...Appeals Court Ruling That CFPB’s Structure Is Unconstitutional: A Stealth Win?
A scary-sounding ruling leaves the CFPB largely unscathed, and in some key ways, ahead.
Read more...RBS Looted Small Business Customers, Deliberately Driving Thousands in Bankruptcy, While Under Government Ownership
How RBS destroyed thousands of small UK businesses for fun and profit.
Read more...Not So Wondrous Drugs? – New Warnings about Severe Adverse Effects of New, Heavily Marketed Drugs for Hepatitis C
Dangerous diseases like hepatitis C make it a bit too easy for drugmakers to peddle wonder cures….
Read more...