Fraud

GREECE: THE NEO-COLONIAL LOAN AGREEMENT EXPLAINED

by Leonidas Vatikiotis

2 April 2012

This is a suicidal term, preventing the government from using the legal tools that even the creditor friendly Papademos government activated in order to turn an insufficient voluntary participation to the bond swap into a coercive one. More

LOST BILLIONS: TRANSFER PRICING IN THE EXTRACTIVE INDUSTRIES

by Alex Marriage

18 February 2012

Eurodad partners Publish What You Pay Norway has released a new report on transfer pricing in the extractive industries More

HAITI: GRANTS TO REPAY AN ODIOUS DEBT ?

by Eric Toussaint - Sophie Perchellet

18 January 2010

There is a great risk that one of the largest relief operations in history will be similar in nature to the tsunami relief efforts in 2004, unless a radically different approach to a reconstruction model is adopted. More

ICELAND BLOCKS BANK REPAYMENTS FOR FOREIGNERS

by News Agencies

6 January 2010

The president of Iceland blocked a hard-fought $5 billion compensation deal with the British and Dutch governments on Tuesday, upending the precarious finances and politics of the island nation and further jeopardizing already frayed ties with Europe and international lenders. More

THE LESSONS OF DUBAI

by Nouriel Roubini

2 December 2009

Although Dubai World’s financing issues are not a surprise and are relatively small given global credit losses, they are a reminder that the vulnerabilities and imbalances that contributed to the credit crunch have not disappeared. More

UNITED STATES- UNEMPLOYMENT COMPENSATION: A BROKEN SYSTEM

by Marianne Hill

24 September 2009

Lower-income families have fewer assets to see them through rough economic times, and their extended families are also hard-pressed as demands upon them increase. More

USA: BERNARD MADOFF AND THE SEC’S REVOLVING DOOR

by Pam Martens

31 August 2009

The long-awaited investigative report by the Securities and Exchange Commission’s (SEC) Inspector General on how the SEC bungled multiple investigations of Bernard Madoff is set for release this week. More

INTERVIEW OF JOHN BELLAMY FOSTER ON THE GREAT FINANCIAL CRISIS

by Mike Whitney

29 August 2009

he robbing of public funds to bail out private capital is now on a scale probably never before seen. A politicized, organized working class capable of understanding and reacting to that theft, and choosing thereby to restructure society, to meet real social, egalitarian needs is what is now to be hoped for. More

THE END OF RETIREMENT?

by Sam Gindin

17 August 2009

The attack on private sector pensions is not new; while the process has been uneven across time and sectors, private pensions in the U.S. and Canada have been eroding for over a quarter of a century. More

TAX HAVENS AND THE FINANCIAL CRISIS

by Rachel Keeler

11 May 2009

Over the years, trillions of dollars in both corporate profits and personal wealth have migrated “offshore” in search of rock bottom tax rates and the comfort of no questions asked. From offshore havens to financial centers, banking secrecy faces scrutiny. More

G20 COMMUNIQUÉ: SOME PROGRESS ON GOVERNANCE AND FINANCE, BUT A LONG WAY TO GO

by Eurodad

17 April 2009

The fight against tax havens has progressed in the last few weeks much further than anybody could have imagined a couple of years ago. But the progress seems to be essentially rhetoric. More

OBAMA DIALS DOWN WALL STREET CRITICISM

by Monica Langley

24 March 2009

In recent days, in spite of public furor over huge bonuses paid at American International Group Inc., the administration has concluded that it needs the private sector to play a central role in fixing the economy. More

FINANCIAL CRISIS: SECRECY JURISDICTIONS UNDER PRE-G20 SUMMIT PRESSURE

by Eurodad

20 March 2009

The financial crisis has definitely put tax havens on the spotlight. In the run up to the G20 London summit on 2 April, secrecy jurisdictions are on the front pages of most newspapers More

LESSONS FROM GLOBAL CORPORATE FRAUDS

by Jayati Ghosh

3 February 2009

As global capitalism lurches around in crisis, it seems that there is no end to the worms crawling out of the woodwork. The financial crash and economic downswings have been accompanied by more than just cyclical bad news from companies that have been engaged in bona fide business. The adverse market conditions are making it harder to disguise corporate frauds that could flourish in the earlier boom, and so more and more details of unsavoury business operations are emerging among a wide (...) More