• News

    Real Ponzi Scheme Possible With Fake Money

    Inevitably, somebody was going to run a Ponzi scheme with bitcoins, and so it has (allegedly!) come to pass: Trendon Shavers of exurban Dallas won the race to be hit with the first such criminal charges, although some of the element of surprise went out of it when the SEC fined him $40 million for […]

    / Nov 7, 2014 at 1:02 PM
  • News

    S&P Will Not Stop Giving Out Good Bond Ratings In Exchange For Cash Just Because The Government Sued It For Doing So

    Standard & Poor’s, as you may have heard, is fighting a federal lawsuit with a potentially 10-figure pricetag that accuses it of making up whatever CDO ratings it had to in order to win business rating CDOs. Its defense against these charges are (a) no one should listen to them and (b) that no matter […]

    / Sep 18, 2013 at 3:16 PM
  • News

    Swiss Not Shy About Asking For Help They Won’t Give

    The Swiss are taking a stand against the cross-border undermining of laws and the aiding and abetting of illegal activities internationally. At least when it comes to their laws, anyway.

    / Jun 28, 2013 at 3:28 PM
  • News

    Bill Gates Thinks You Make Too Much Money

    Isn’t this rich? Bill Gates, the richest man in the whole country, thinks Wall Streeters are paid too much. The compensation problem is a very interesting problem. I do think compensation is often too high, but it’s a very tough problem to solve. Gates blamed a 1993 federal law capping executive salaries at $1 million–“a […]

    / Nov 12, 2009 at 8:50 AM

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