• Gold Standard I...
    07/28/2015 - 04:17
    Greece has no future, so long as it clings to the euro. The dollar won't servce you much better. A drachma will only harm the Greek people. That leaves one other option.

Cronyism

Tyler Durden's picture

How Monsanto, Exxon Mobil, & Microsoft Lobbyists Are Bundling Funds For Hillary





The pantsuit revolutionary is at it again. Once again demonstrating her populist chops by employing the services of lobbyists to bundle millions in campaign funds. It’s no wonder opinion polls on her have been plunging as of late.

 
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"Bank Lives Matter" – Obama Administration Moves To Protect Mega Bank Profits





It’s not even “Too Big to Jail” any longer. It’s now, “Too Big to Lose Profits.” After all #banklivesmatter

 
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Santa Cruz County Votes To Cease Doing Business With 5 TBTF Mega Banks





It appears that Ryan Coonerty, the Supervisor of the Third District of Santa Cruz County, wrote a letter back in June to the rest of the Board of Supervisors, in which he bravely pleaded the county cease business operations with five of the TBTF Wall Street Mega Banks. Why you ask? Well, because they are criminal felons. Considering Eric Holder refused to punish them, someone has to take a stand...“There seems to be no limit to the greed in some our nation’s largest banks. I believe it is critical that the County only work with the most trustworthy institutions as we invest and protect the public’s tax dollars. Santa Cruz County should not be involved with those who rigged the world’s biggest financial markets."

 
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Cronyism Pays: Eric Holder Triumphantly Returns To Law Firm That Lobbies For Banks





After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients. The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in Feburary 2009. And Covington literally kept an office empty for him, awaiting his return. When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.

 
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White House Lies (Again): Jonathan "Stupidity Of The American People" Gruber Called "Our Hero"





President Barack Obama in 2014 said Mr. Gruber was “some adviser who never worked on our staff.” And then there's this:

“Thank you for being an integral part of getting us to this historic moment,” according to Sept. 9, 2009 email to Mr. Gruber from Jeanne Lambrew, a top Obama administration health adviser who worked at HHS and the White House. In a November 2009 email, she called Mr. Gruber “our hero.”

 
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The Failed Revolutions that Could Have Changed History





Haven’t you ever sat there in hindsight, drinking history down retrospectively like an already-bad whisky that has been mixed with some equally worse soda and a couple of rocks thrown in for good measure and wondered what life would be like if this or that event hadn’t actually happened?

 
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The Biggest Crooks In America Are Now The Cops





In a world where everyone is a lawbreaker, it’s hard to spot the real criminals.

 
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Fighting Cronyism With The Corruption ETF





It seems like there's an ETF for everything nowadays. From global warming ETFs to fertilizer ETFs, Wall Street has neatly packaged nearly every type of investment to attract your cash. One thing they forgot to package was corruption. Considering how they are already overflowing in it, perhaps they just took it for granted. However, for many investors, corruption is worth taking a second look.

 
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Quote Of The Day: Bill Clinton Edition





During an interview with Bloomberg TV, Bill Clinton uttered the following:

*CLINTON SAYS FOUNDATION HAS "STRICT NO-CORRUPTION POLICY"

Which made us wonder, does the Clinton Foundation also have a strict "no murder policy", or a strict "no punching small babies policy"? It seems a 'given' that any trusthworthy organization would implicitly have a "no corruption policy."

 
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Major Medical Journal Retracts Numerous Scientific Papers After Fake Peer-Review Scandal





A major publisher of scholarly medical and science articles has retracted 43 papers because of “fabricated” peer reviews amid signs of a broader fake peer review racket affecting many more publications. As The Washington Post reports, BioMed Central - a well-known publication of peer-reviewed journals - shows a partial list of the retracted articles suggests most of them were written by scholars at universities in China. The Committee on Publication Ethics stated, it "has become aware of systematic, inappropriate attempts to manipulate the peer review processes of several journals... that need to be retracted."

 
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Recovery 2015: Use Of Non-Bank Credit (e.g. Payday Loans) Continues To Soar





It’s not the case that every one of these middle- and upper-class households turned to pawnshops and payday lenders because they got whomped by an unexpected bill from a mechanic or a dentist. “People who are in these [non-bank] situations are not using these forms of credit to simply overcome an emergency, but are using them for basic living experiences,”

 
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Liberation Is Unprofitable





If we had to summarize the sickness of our economy and society, we could start by noting that liberation is unprofitable, and whatever is not profitable to vested interests is marginalized, outlawed, proscribed or ridiculed. Examples of this abound.
 
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Protecting Perks, Power, & Profits Has Perverted The Entire System





Capitalism takes you into the future... with innovation, failure, and surprise. You invest, you lose your money, you try something different, and you stumble forward. Capitalism is constantly burying its mistakes and discovering tomorrow. Cronyism, on the other hand, keeps you in the past. It is today and yesterday trying to stop tomorrow from happening.

 
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Former SEC Officials Demand SEC Chief: Stop Protecting Corporate Cronyism





The primary job of modern American regulators is to protect entrenched status quo interests. Protecting the public doesn’t even factor into the equation.

 
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The Clinton Foundation Paid Sidney Blumenthal $10K/Month As He Gave Horrible Libya Advice To State Dept





"While advising Mrs. Clinton on Libya, Mr. Blumenthal, who had been barred from a State Department job by aides to President Obama, was also employed by her family’s philanthropy, the Clinton Foundation, to help with research, “message guidance” and the planning of commemorative events, according to foundation officials... Much of the Libya intelligence that Mr. Blumenthal passed on to Mrs. Clinton appears to have come from a group of business associates he was advising as they sought to win contracts from the Libyan transitional government."

 
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