Enron

The 21st Century Greater Depression

I became interested in the question of how an organization whose business plan is theft can go bankrupt during the Enron debacle. I was well aware that many companies are forced into bankruptcy so that the executives can loot the pension plan and that this has been an accepted business practice for many decades; out of fashion now that there are no pension plans to loot.

Hillary Remains Clueless About Regulation on the 28th Anniversary of the Keating Five Meeting

By William K. Black | New Economic Perspectives | April 9, 2015 The Clintons’ Unlearned Lessons of the Keating Five Meeting On April 9, 1987, twenty-eight years ago today, my colleagues and I from the Federal Home Loan Bank of San Francisco (FHLBSF) met with five senators at the behest of the most notorious savings and […]

Dolce, Gabbana and... Rick's Auto Body

There's almost no topic I can't somehow turn into a tirade against some corrupt conservative-- if not Boehner, Cantor, Bachmann Ted Cruz or Miss McConnell then Debbie Wasserman Schultz, Rahm Emanuel, John Barrow or Steve Israel. But we're not going to even try tonight. This post is too important on its own for that; it's about where we spend our money. After I stopped living in my vehicle-- VW camper vans-- I always bought used Mercury Comets and Ford Fairlanes. Awesome cars.