Young people not buying into generational warfare on Social Security

As we should all be aware of by now, there is a concerted effort to destroy Social Security by changing its investments away from US Treasury bonds and divert that money into the stock market. This has not been an easy sell because who would you like to take care of your retirement: an efficient, safe, and secure government agency or the looters in the financial sector who think nothing of gambling with your money while pocketing huge salaries and bonuses and walking away with golden parachutes when they get caught? [Read more…]

Mitt Romney, The Caped Tax Evader!

The rich are different from you and me, as F. Scott Fitzgerald famously observed. For one thing, they grow up learning to be secretive about how they make their money and how much they make.

The very rich also have many devices for hiding their wealth and avoiding paying taxes that are unavailable to ordinary people. Most of the time, these are kept secret from the rest of us so we have little idea of what is going on. The few times the veil of secrecy is lifted is when they are taken to court by people who were once close to them and know the secrets but have had a falling out, such as in business disputes or messy divorces. [Read more…]

Time to put banksters in jail

The scandal involving Barclays bank and its finagling of the LIBOR rate has been huge news in the UK but not much here. For those interested, Matt Taibbi has been posting frequent updates explaining what is going on. The latest revelation indicates collusion between Barclays and the British government to lie about interest rates. This should not be surprising. What is surprising is that it is coming out in public. [Read more…]

A variation on the Nigerian 419 scam

Remember the infamous Nigerian 419 scam? I wrote three years ago about how annoying it was to get these bogus offers practically every other day and expressed surprise that anyone would still fall for it now that it was well known. Thankfully I seem to have been dropped from the mailing lists and have not received any such offers for well over a year now, but it turns out that a variation of the scam using cashier’s checks has been used to defraud even fancy law firms for hundreds of thousands of dollars. [Read more…]