Cronyism

Tyler Durden's picture

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.”

 
Pivotfarm's picture

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?

 
Tyler Durden's picture

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.

 
Tyler Durden's picture

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.

 
Tyler Durden's picture

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."

 
Tyler Durden's picture

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."

 
Tyler Durden's picture

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,”

 
Tyler Durden's picture

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.
 
Tyler Durden's picture

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.

 
Tyler Durden's picture

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.

 
Tyler Durden's picture

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."

 
Tyler Durden's picture

Corruption: That's What Government Was Designed For





“We expect today’s financial system to fall apart in a terrible crash and depression. But we’re looking forward to it.” Simply put, it is the only way to 'correct' the corrupt system... because after all, that’s what government was designed for: to allow one group to rob another. If the elite could take no advantage from it, why would they bother with government at all?

 
Tyler Durden's picture

How Clinton Foundation Donations Led To Billions In Weapons Sales To Autocratic Regimes





Another day, another Clinton Foundation related scandal. In the latest expose by International Business Times’ David Sirota, we learn about the explosion in weapons sales to certain nations during Hillary Clinton’s tenure as Secretary of State. Billions of dollars in sales went to autocratic regimes notorious for human rights abuses who donated generously to the Clinton Foundation. Should we be surprised? No. Should we be outraged and disgusted? Absolutely. Of all the Clinton scandals, the following is the most dangerous to peace on earth.

 
Tyler Durden's picture

The Case For Nationalizing Monsanto





Ridding the world of Monsanto via a state buy-out would be a boon to humanity, and doing so for a mere $57 billion would be a bargain - especially when you consider the $3 trillion the state has squandered on endless wars of choice and the trillions of dollars the Federal Reserve and the government have squandered propping up the self-serving, parasitic cartel of too big to jail banks.

 
Tyler Durden's picture

Guest Post: How Big Government Kills The American Dream





Last week, Sen. Elizabeth Warren, D-Mass., and New York Mayor Bill de Blasio published their prescription for reviving the American dream. They are right to focus on the dream. They are wrong in their understanding of American history and the role government can play in restoring and fostering the dream.

 

 
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