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HomeSense on Cents Index of Cronyism and Corruption
Posted by Larry Doyle on June 13th, 2014 9:22 AM |
Those engaged in cronyism and corruption much prefer to operate under a cover of darkness. When transgressions due occur, those caught in the web of such practices typically like to pay a fine and quickly move on.
Given the preponderance of these practices in our current economy, I think it is a good idea that, rather than addressing cases on an individual basis, we compile an index of those involved. In doing so, we can then reflect back on them and gain a fuller appreciation for how widespread and destructive this cronyism and corruption is within our nation.
With no further adieu, I kick off the Sense on Cents Index of Cronyism and Corruption:
VA Scandal: Uncle Sam Wants Names of VA Whistleblowers; POGO Protects Identities: (June 16, 2014)
The IRS Scandal: “That’s a Lie; (June 14, 2014)
Today’s FT highlights (June 12, 2014): “Goldman Sachs and Bain Capital paid $121m to settle a lawsuit alleging they conspired with other private equity firms to fix the price of some of the biggest ever leveraged buyouts. (more…)
Libor Scandal et al: The True and Total Cost
Posted by Larry Doyle on December 12th, 2012 8:29 AM |
Would it be even possible to measure the total cost of the manipulation of Libor? A basis point here, a few basis points there and nobody really gets hurt, right? No, not right.
The simple fact is the manipulation of the most widely tracked short term interest rate in the world comes with the same very real costs attached to all forms of corruption, including the money laundering scandals at HSBC, Standard Chartered and who knows how many other institutions.
What are these costs? (more…)
