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Given the dramatic deviations within high finance and large corporations, the business culture and ethics have degenerated and given way to a landscape of classical psychological derangement. drive for personal reward at any cost and to engage willingly in risky behavior that benefits themselves while injuring others, we can better understand why unlawful conduct ismonplace among high powered traders, fund managers and their executive bosses.
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Gore and Blood however know well through operating their climate-energy hedge fund, Generation Investment Management that the “carbon finance” business, especially emissions credits and related financial assets, has already suffered a bust. . Continuing with Gore & Blood's logic, they say the subprime fossil fuel asset bubble is growing dangerously because most market participants are mistakenly treating carbon risk as an uncertainty, and are failing to
Among the customers targeted were rich individuals and high-valuemercial accounts, with sophisticated software identifying the victims' main bank accounts and transferring money to prepaid debit cards which could be cashed anonymously. Banks are NOT businesses, NOT capitalistpanies, and NO Free Enterprise, excepting for small local banks and small local Savings and loans and small Credit Unions. . powered by WordPress & Atahualpa.
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There is so much housing on the market right now, the only housing that is selling are steeply discounted cash-sale units and units that have guaranteed bank financing, e.g., housing owned by the banks. The bank won't finance The banks get money at near-zero interest from the FED, so savers (and small businesses with capital float) are losing the market rate of interest income on their bank deposits. (A small .. Proudly powered by WordPress. Home > General
Because the system is rigged to allow the big banks tomit continuous and massive fraud, and then to pay small fines as the “cost of doing business”. As Nobel prize winning economist Joseph Stiglitz noted years ago:.
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