From the category archives:

Outrage of the Week

The Banks’ Second Shoe of Deception

October 15, 2010

Having brought the economy of the United States, and a good part of the world, to the brink of a global depression, the American banking system has now unleashed a second scandal.  This one involves an epidemic of cheating and lying in court filings by those handling home repossessions.  It has been happening for many [...]

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Outrage of the Week: Washington Silent as Dow Plunges [UPDATED]

May 6, 2010

Panic makes an encore appearance after Wall Street’s record drop.  America’s leaders do not. The word perilous hardly begins to describe the times.  Much of the world’s economy is only beginning to see daylight after the financial storm of generations.  Trust in Wall Street and the mechanisms of government is at record lows. In Europe, [...]

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The Examiner of Lehman’s Untoasted Boardroom Marshmallows

March 14, 2010

The court-appointed Examiner chose to continue the same lackadaisical approach to directorial performance and accountability in his search for answers as the directors themselves evidenced in their drowsy drift toward disaster. A little noted statement in the report of the court-appointed Examiner in the Lehman Brothers bankruptcy reveals the extent of the deference displayed to [...]

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Outrage of the Week: Toyota’s Public Relations Disaster on Wheels

February 12, 2010

You would have needed an Olympic-style scorecard to keep track of all the changes made to Toyota’s current and potential recall programs.  What began as an issue involving – or so Toyota said – loose floor mats in some vehicles has morphed into a public relations nightmare caused by faulty gas pedals on Camrys, Avelons [...]

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The Frayed Plumage of the Davos Mentality

January 31, 2010

The czars and kings of Europe could not grasp why the people revolted against the high taxes, low wages, and hunger inflicted upon them by those who knew only opulence and self-aggrandizement.  The Davos mentality still cannot fully understand the resentment of a public saddled with massive unemployment and a bill for bailouts and social [...]

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Outrage of the Week: The Day the Supreme Court Expropriated Democracy

January 22, 2010

The greatest experiment in democracy the world has ever known, made great because of its concept of checks and balances, is about to become bought and paid for with checks from Walmart and the like.  It is a decision that is tailor-made to place a heavy coat of cynicism on a public already overly clothed [...]

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Outrage of the Week: Super-paid CEOs Who Were Not Supermen After All

January 15, 2010

Never in the history of modern business leadership have CEOs been paid so much to achieve so little at such cost to so many. At the opening hearing of the Financial Crisis Inquiry Commission held in Washington this week, key players in the worst financial meltdown since the Great Depression admitted they did not see [...]

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Outrage of the Week: Retreat Behind the Curtains

April 3, 2009

Does FASB’s change in accounting standards improve investor confidence or detract from it?  Is it a move consistent with a renewed commitment to transparency, or is it that famous political game of dressing up disaster like putting lipstick on a pig? If you looked at all the causes of the great recession of 2008-2009 -which would [...]

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Outrage of the Week: AIG and the Curse of Darkness

March 7, 2009

Lack of daylight in boardrooms and in the way business was done on Wall Street and in the financial sector is what brought this company and the world to this perilous and costly state. Darkness and a lack of transparency are still being employed today under the guise of bringing a solution to the problem [...]

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