Category: financial fiascoes

Where is the David Einhorn for America

David Einhorn, the tiny $7Billion Hedge Fund manager, has tweaked the nose of computing’s Goliath, Apple. Since a week Thursday, David  has shocked the US business world with his direct, loud, and “uncivil’ attack on Apple’s huge cash hoard of nearly $130Billion. And…

Twinkies Demise

The Hostess Twinkies demise is a business case study that also has political implications. I would love to see if any of the major Business Schools like MIT, Harvard, Univ. of Chicago have taken this defining case on. David Weidner…

Daily Facts: Trust in US Financial Institutions

Each quarter the Kellogg School of Northwestern University and the University of Chicago Booth School of Business do a survey of  more than 1,000 American households examining the trust in US Financial institutions. The latest results for June 2012 are…

Business as Sharks

Shark Week was last week and I am not talking about the GOP Convention. But Financial Shark Week is being resurrected this week in the Wall Street Journal  and  the NYTimes. It started with Andrew Ross Sorkin noting in the…

Iran To Execute $Billion Bank Fraudsters

NYTimes headline –  Iran Sentences Four to Death Over $2.6 Billion Bank Fraud. Hmmmmm – Sharia or Islamic Law has more bite on white collar crime than in the US. This is the number one  festering  financial problem in the World. The…

Dirty Rotten LIBOR Prediction

The following is a rotten prediction based on the LIBOR Scandal. It is “rotten” becuase it has huge implications not just for the US Presidential elections but also for worldwide governance. And the situation is not pretty. First take a…

Moral Vacuum: Jerry Sandusky and the LIBOR Scandal

What possible connection can one make with convicted child molester, Penn State Assistant Football coach Jerry Sandusky, and the LIBOR interest rates set in London by a select list of 18 banks lead by Barclays Bank? Another bit of trash journalism …