Immorality and Paul Singer’s Elliott Management – they’re called vulture funds for a reason (video)

There are hedge funds operating in every market where underhand amoral spivs can turn a profit.  One of the most profitable and (you guessed it) ethically questionable is the market for so-called “distressed assets”. A distressed asset is a security or other …

The Blackstone and Codere scandal: “just another day on Wall Street” (video)

In the securities industry, much of the multi-trillion dollar trading that occurs in the markets remains un- or under regulated.  One such under regulated market is the trading of Credit Default Swap‘s, the banking industry’s own weapons of mass destruction. …

What has Goldman Sachs got in common with the new version of Monopoly? (video)

Goldman Sachs has been accused, yet again, of running a criminal financial markets scam. This time by controlling the distribution of aluminium (from warehouses that it owns) to affect the market price in a way to favour its own market positions …

Corporations are legally defined as people except when they commit a crime (video)

Jon Stewart on the travesty of justice that allows businesses like Johnson & Johnson, Goldman Sachs , HSBC, GSK, Pfizer, and a host of other large corporations to negotiate with regulators to pay fines as their pennance for crimes that they have committed whilst none …

Investment banks & bankers: too big (headed) to jail (video)

John Oliver on the travesty of justice that is banks and bankers negotiating with regulators to pay ‘huge’ fines (in reality no more than a few days worth of sales) for committing financial crimes rather than serving jail time. To add insult …