Category: Fraud

Clinton Supporters Hoist the Impossible-to-Prove-Standard of Quid Pro Quo Corruption in Defending Despots’ Contributions to the Clinton Foundation’s

| August 27, 2016 | 1 Reply

At The Intercept, Glenn Greenwald lays out some of the most important principles for which the Clinton charitable foundation ostensibly stands (e.g., women’s rights, LGBT rights and economic oppression). He then makes an overwhelming case that the Clinton principles are anathema to the despotic dictatorships “donating” to the Clinton Foundation.  Therefore, it follows (unless one believes that electing Hilary Clinton is so important that clear evidence that she is corrupt is irrelevant) that despotic regimes like Saudi Arabia are donating to the Clinton Foundation for reasons other than furthering the stated goals of the Foundation.

So why are the despots shoveling tens of millions of dollars to the Clinton Foundation?  Clinton apologists try to redirect the discussion at this point, arguing that the Clinton Foundation has done some excellent charitable work.  Glenn Greenwald responds:

That the Clinton Foundation has done some good work is beyond dispute. But that fact has exactly nothing to do with the profound ethical problems and corruption threats raised by the way its funds have been raised. Hillary Clinton was America’s chief diplomat, and tyrannical regimes such as the Saudis and Qataris jointly donated tens of millions of dollars to an organization run by her family and operated in its name, one whose works has been a prominent feature of her public persona. That extremely valuable opportunity to curry favor with the Clintons, and to secure access to them, continues as she runs for president.
. . . .


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Pushback against anti-GMO

| July 15, 2015 | 1 Reply

From Slate, questions about the integrity of the anti-GMO food movement:

That’s the fundamental flaw in the anti-GMO movement. It only pretends to inform you. When you push past its dogmas and examine the evidence, you realize that the movement’s fixation on genetic engineering has been an enormous mistake. The principles it claims to stand for—environmental protection, public health, community agriculture—are better served by considering the facts of each case than by treating GMOs, categorically, as a proxy for all that’s wrong with the world. That’s the truth, in all its messy complexity. Too bad it won’t fit on a label.


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Mormon Church start to come clean with truth about Joseph Smith’s many wives

| November 11, 2014 | 1 Reply

It’s a good first step, as presented in the NYT:

Mormon leaders have acknowledged for the first time that the church’s founder and prophet, Joseph Smith, portrayed in church materials as a loyal partner to his loving spouse Emma, took as many as 40 wives, some already married and one only 14 years old.


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John Oliver points out the scandal of for-profit colleges

| September 8, 2014 | Reply

The amount of accruing student debt is incredibly distressing.   John Oliver has produced this excellent expose on the debt, the politics and the long trail of victims.

Thousands of students are running up enormous debt, especially at for-profit colleges.    Thanks to the lobbying efforts of educational institutions, student loans are not dischargeable in bankruptcy regardless of how bad the track record of the institution for actually placing students into jobs in their fields of education.

The marketing strategies of for-profits are especially reprehensible.

Excellent job of exposing this dysfunction and fraud.  Once again, we rely on comedians to do the best journalism.


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John Oliver takes on Payday Lenders

| August 12, 2014 | Reply

John Oliver takes on Payday Lenders with a vengeance.   Check out Sarah Silverman’s payday loan alternative commercial at the end.

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I have often been highly critical of Payday Loans at this website. They are dangerous financial products that drive the working poor into bankruptcy, foreclosure and worse.


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Civil Rights Organizations Sell Out

| August 6, 2014 | Reply

The Nation reports that venerable civil rights organizations are selling out on the issue of Net Neutrality. Literally.

[T]elecoms are desperate for third-party approval, and have even resorted to fabricating community support for their anti–net neutrality lobbying campaign. Perhaps the bigger picture here is how so many of the old civil rights establishments have become comfortable with trading endorsements for cash. Verizon, Comcast, AT&T and other telecom companies have donated, either directly or through a company foundation, to nearly every group listed on the anti–net neutrality letters filed last week. We saw a similar dynamic play out with Walmart when the retailer handed out cash to civil rights groups in order to buy support for opening stores in urban areas.

Times have changed. Just as Martin Luther King Jr.’s children have embarrassingly descended into fighting bitterly over what’s left of his estate, the civil rights groups formed to advance Dr. King’s legacy seem willing to sell out their own members for a buck.


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| July 9, 2014 | Reply

How pervasive are binding pre-dispute arbitration clauses imposed by for-profit businesses upon consumers? Herman Scwartz of The Nation reports:

Two reports issued at the end of last year show how effective the Court’s arbitration rulings have been. Last December, the Consumer Financial Protection Bureau (CFPB) issued a preliminary report, which found that contract clauses mandating pre-dispute arbitration are a “common feature of consumer financial contracts”; a final report is due by year’s end. The agency found such clauses in over 50 percent of credit card loans, 81 percent of prepaid charge cards and in checking accounts covering 44 percent of all insured deposits.

The CFPB found further that about 90 percent of such contracts, including almost all credit card loans, insured deposits and prepaid cards, also prohibit participation in current or future class or other joint actions in both judicial and arbitration proceedings. This usually forces consumers who have been injured in small amounts to drop the matter entirely, even though the defendant may have harmed many others the same way, for too little is at stake for each individual to justify the time, trouble and expense of individual arbitration. . . .

These two clauses are not just in consumer financial contracts, but are standard in cellphone and nursing home contracts, individual employment contracts, shipping agreements, passenger tickets and in many other areas. They have also been imported into the exploding commercial traffic on Internet websites. When consumers click their assent to the conditions imposed by a seller online, few if any realize they are often acceding to these limitations on their rights to a judicial resolution and a class action. Some merchants have gone so far as to claim that just opening a box for a computer, for example, is enough to constitute the necessary assent to such conditions in an “agreement” placed in the box.

What is the bottom line?

The Supreme Court has given financial institutions, businessmen, unscrupulous employers and others a license to do wrong. As the California Supreme Court put it, they have been given an “exemption from responsibility for [their] own fraud.”


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My bad: It turns out that burning coal is a GREAT idea

| May 15, 2014 | 3 Replies

I didn’t know that burning coal was such a great idea until I saw this billboard in St. Louis. Orwell is probably already dizzy from spinning in his grave, but here we go again.

Coal Billboard

Here’s a link to the work of the corporate spinmeisters.


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Tax revenue lost because of overseas tax havens

| April 17, 2014 | Reply

According to Bloomberg, Americans and American companies are hiding their money overseas and this is costing us immense amount of money.

U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

“Tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law -– all supported in one way or another by tax dollars -– but they avoid paying for these benefits,” U.S. Public Interest Research Group said in the report released today, the deadline for filing 2013 taxes.


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