Category: corruption

October 19, 2008

Fiddling While Rome Burns: Bonuses at All Time High

A record $70 billion in bonuses are planned for Wall Street ‘genuises’this year, despite the worst show of abuse of capitalism in the last 80 years. At one point last week the Morgan Stanley $10.7bn pay pot for the year to date was greater than the entire stock market value of the business. In effect, staff, on receiving their remuneration, could club together and buy […]

October 13, 2008

$400 Billion in Lehman Assets ‘lost’

Virtually overnight, nearly $400 billion in assets with Lehman Brothers were ‘lost’ weeks before last week’s global financial debacle. Story from Bloomberg here . Conspiract story here . What do this mean? Is Lehman the only commercial enterprise where assets are disappearing just before bailouts are being rewarded like treats for Pavlovian dogs? This kind of a story begs a lot of questions. For example, […]

October 11, 2008

Canadian Election: Cadman Tape Not Altered

From this CBC story : A tape recording at the centre of Prime Minister Stephen Harper’s $3.5-million defamation suit against the Liberal party was not altered as the prime minister has claimed, a court-ordered analysis of the tape by Harper’s own audio expert has found. What does this mean?  It means Harper isn’t fit to run as Prime Minister. Harper has made a mockery of […]

October 10, 2008

Afghanistan: Karzai’s Brother Linked to Heroin Trade?

This report is a little stale , but this report came out yesterday . I’ll get to the connection in a sec.  You can probably guess where it’s going to go. But first, allow me to rant about the cost of the Afghan mission.  Why is that Conservatives are so inept when it comes to managing budgets.  They pretend they are fiscally responsible.  They are […]