corporate fraud


Robert Borosage's picture

Was Bernie Madoff the Exception Or the Rule?

By Robert Borosage
April 14, 2010

Were the big banks all knowingly running Ponzi schemes? The stunning hearings held this week by the Senate Permanent Committee on Investigations on the collapse of Washington Mutual, the largest thrift failure in the U.S., suggest that while Ponzi schemer Bernie Madoff may have been the extreme, he wasn't the exception. For WaMu, mortgage fraud wasn't a problem; it was the business plan.

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Eric Lotke's picture

2044 on FireDogLake

By Eric Lotke
July 1, 2009

FireDogLake will feature Eric Lotke’s 2044 on its book salon this Sunday evening. Please join them!
In 2044, the problem isn't Big Brother. It's Big Brother, Inc.

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Philip Palij's picture

The Fed and the Fix

By Philip Palij
June 1, 2008

The fix has been in since 1913 and the Federal Reserve Act. Basicaly the scam works like this.

The Fed creates money(notes) out of nothing and loans it to the US Government at interest, your taxes pay the interest. Its called the national debt. more »

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Greg Palast
Full Bio

Greg Palast
Hometown: NYC, NY
Interests: air america, bush, corporate fraud, Election 2008, estate tax, palast, voting, vultures
Honors: None, yet

Robert Borosage's picture

Conservative Judges to Enron Retirees: Drop Dead

By Robert Borosage
January 16, 2008

Remember the Enron employees who watched their retirement savings evaporate as the Enron ponzi scheme, chaired by George Bush’s best buddy, “Kenny Boy” Lay, went up in smoke?

The conservative majority on the Supreme Court just told them all: “Drop Dead.” more »

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