How dare you filthy peasants know…

By: Monday October 21, 2013 1:30 am

Pretty much, oh 99 percent, of the country knows that the pay ratio of corporate CEOs to their workers is obscene.

But to the CEOs the real obscenity is that people know just how obscene.


Rest easy America

By: Tuesday October 1, 2013 1:30 am

In case America’s drunkest legislature insists on shutting down the Federal Government the most important of its agencies will remain as vigilant as ever.

JPMorgan Pays Small Fine for Lying to Regulators and Manipulating Market

By: Thursday September 19, 2013 11:20 am

After lying to regulators, manipulating the market, and putting out fraudulent documents JPMorgan will pay a relatively small fine and move on. Because when the powerful repeatedly break the law the consequences are never very severe. If we stopped these Wall Street banksters from making criminal profits they might stop making criminal profits – then where would our economy be?

Financial Crisis Cases Ending as SEC Struggles With Reputation

By: Thursday September 12, 2013 11:55 am

It has now been 5 years since Wall Street crashed the economy through its pump and dump mortgage derivative scheme. Few of the bad actors have been held accountable and none of the big ones. The public understands the reality – that Wall Street got away with it. Actually, Wall Street not only got away with the crime they got away with the coverup, the massive fraudulent scheme to foreclose on homeowners even without documentation.

Which is all to say no one thinks the SEC did well before, during, or after the financial crisis.

SAC Capital Indicted, Pleads Not Guilty to Insider Trading Charges

By: Friday July 26, 2013 12:10 pm

SAC Capital has been formally indicted for insider trading and called a “magnet for market cheating” by federal prosecutors who said the firm had engaged in illegal securities trading from 1999 to 2010. While SAC Capital faced charges, its leader and principle beneficiary, Steve Cohen, was not charged.

SAC Capital to Face Criminal Charges

By: Wednesday July 24, 2013 12:55 pm

While the Bush and Obama Administrations let Wall Street slide for causing the 2008 financial crisis and fraudulent foreclosure activities afterward, one hedge fund may finally face charges after years of questionable conduct. SAC Capital, led by billionaire Steve Cohen, has been under investigation for insider trading for a good deal of its history, now it is reported that the firm will face criminal charges.

Former Top SEC Enforcer Accepts $5 Million Salary From Wall Street Firm

By: Tuesday July 23, 2013 9:55 am

The former top law enforcer for the SEC, Robert S. Khuzami, has done what most Wall Street regulators end up doing – taking a lot of money from Wall Street and friends. Khuzami just landed himself a $5 million a year contract, with two years guaranteed, from Kirkland & Ellis, a law firm that makes a sizable portion of its revenues defending Wall Street from the government.

SEC Deregulates Hedge Funds

By: Thursday July 11, 2013 11:10 am

The SEC is back to its old tricks, putting aside the public interest for private concerns. The latest maneuver involves lifting the ban on allowing highly risky investment vehicles known as hedge funds to advertise publicly for the first time. Yes, even in the bubblemania of the 1990s this was not done for fear people would lose their money in the riskiest part of the Wall Street casino.

Steve Cohen Escapes Jail Time Pays $600 Million for Insider Trading Crimes

By: Friday March 22, 2013 6:00 am

The Teflon Trader slips away again. For those who don’t know, Steve Cohen of SAC Capital, number 36 on Forbes’ Richest Americans list, has been under investigation for a good deal of his career. The suspicion is always the same, insider trading.

Report: Revolving Door At SEC Killed Reforms, Mary Jo White Case In Point

By: Tuesday February 12, 2013 7:49 am

A report by the Project on Government Oversight (POGO) finds that the incestuous nature of the SEC-Wall Street relationship caused reform efforts in the money market fund industry to fail.

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