'A Giant Ponzi Scheme'
Alexander Cockburn : U.S. Economy
What separates Madoff's Ponzi scheme from the follies of the bailed-out banks, and how is Blagojevich's pay-to-play any different from standard political fundraising?
White-Collar Crime
Subsections:
2008
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Bernard Madoff, Trust-Buster
Nicholas von Hoffman : U.S. Economy
The $50 billion fraud is bad enough. But the disgraced trader has done even more serious damage. He's destroyed trust in our financial system.
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Paulson Bailout Plan a Historic Swindle
William Greider : U.S. Economy
Paulson's rescue plan represents a historic swindle--all sugar for the villains, lasting pain for the rest of us. Don't let Wall Street get away with this without enacting significant reform.
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How Wall Street Wrecked Your Retirement
Nicholas von Hoffman : Ethical Economics
The architects of America's disfunctional financial system allowed Wall Street gamble with our retirement savings--and now they appear to have lost it.
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Attack of the Global Pirate Bankers
James S. Henry : Banks & Banking
For decades, the world's largest banks have been helping wealthy Americans steal billions in unpaid taxes. What are we going to do about it?
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A Subprime Bailout
The Editors : U.S. Economy
Congress bails out the banks, but needs to do far more for homeowners devastated by the subprime crisis.
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Dilberts of the World, Unite!
David Sirota : Microsoft
Can a populist uprising flourish in a sector traditionally hostile to collective action?
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A Devil's Dictionary of Finance
Nicholas von Hoffman : U.S. Economy
An irreverent lexicon of terms that paved the way to the subprime mortgage meltdown.
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Spitzer's Shame is Wall Street's Gain
Robert Scheer : New York
Why should we get all worked up over the revelation that the New York governor paid for sex?
2007
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Corrupt Colleges, Student Debt
Nicholas von Hoffman : Higher Education
Corrupt college administrators have sold out students and buried them in a mountain of debt.
2006
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Enron's Enablers
Robert Scheer : George W. Bush
Ken Lay and Jeffrey Skilling would have remained small time crooks were it not for the energy industry deregulation measures they effectively purchased from Bush I and II.
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Your 401(k) Won't Help When You Need It
Nicholas von Hoffman : Pensions & Retirement Funds
If you're depending on private savings accounts to get you through retirement, get ready for a bitter surprise, thanks to the crooks and incompetents charged with selling and running the funds.
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Enron's Enablers
As the Enron trial unfolds, it's depressing that Phil and Wendy Gramm, the company's political enablers, are going unpunished and uncriticized.
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Do the Crime, Do No Time
There ought to be a law about bribery in America, but there isn't--not a real one. Bribery is so central to our political culture that it's virtually impossible that any politician ensnared in the Abramoff scandal will actually be convicted of the corruption that makes Washington work.
2005
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Conrad Black's Fall
Scott Sherman : Media Analysis
Reading Patrick Fitzgerald's sixty-page indictment of publishing magnate Conrad Black and his associates, one gets the feeling that the next stop for this high-living power-broker will be a prison cell.
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The Abramoff Effect
John Nichols : Republican Party
The controversy surrounding conservative lobbyist Jack Abramoff is creating headaches for red-state and swing-state Republicans and opportunities for Democrats to turn a national bribery and influence-peddling scandal into political paydirt.
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A Devil's Dictionary of Business
Nicholas von Hoffman : Non-Fiction
Had your fill of spin and flimflam about the greatness of corporate America? Here's the real truth about money, high finance and low, commerce, clever tricks, globalism and globaloney.
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When 'Connected' means 'Corrupted'
Robert Scheer : Republican Party
The hurricane-driven windfalls for GOP-connected businesses continues, and so do the scandals of widespread corruption among George Bush's cronies. And the rest of us are played for suckers.
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How to Deter White-Collar Crime
Because of spotty enforcement, white-collar criminals are far more likely to get away with their crimes than poor folks.
2004
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Dick Cheney and the $5 Million Man
Will Dick Cheney be indicted for past Halliburton abuses?
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Bhopal's Legacy
As the disaster's twentieth anniversary approaches, Bhopal is back in the news.
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What's Right With Kerry
At key moments, he's displayed guts and taken tough, sometimes lonely, positions.
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