Tag Archives: corporate fraud

Only In America And Banana Republics

Financial Markets, Market Manipulation, U.S. Economy, , ,

Many of these people get to worry now about putting food on the table and providing clothing for their children as they watch this criminal CEO walk away from Boeing with $62 million in severance compensation: Boeing’s fired CEO Muilenburg walks away with more than $60 million

Muilenberg isn’t “sorry.” He’s sorry he got caught covering up a defective product and withholding data from the FAA about a plane that turned out to be a flying death trap -he’s sorry he had to face extreme humiliation in public:

“This airplane is designed by clowns who in turn are supervised by monkeys…I still haven’t been forgiven by God for the covering up I did last year.”

“These newly-released emails are incredibly damning,” Rep. Peter DeFazio, D-Ore., said in a statement Thursday night. “They paint a deeply disturbing picture of the lengths Boeing was apparently willing to go to in order to evade scrutiny from regulators, flight crews, and the flying public.”

Not counting Bernard Madoff, the last corporate CEO to spend any jail time in this country was Joe Nacchio for enabling fraudulent accounting at Qwest -that was over 15 years ago. Many people reading this have never head of Nacchio.

Rule of Law is dead for good in this country as it applies to politicians and corporate CEOs.  I would love to be proven wrong about this with an indictment of Muilenberg for overseeing a cover-up that destroyed the lives of more than 300 families and will result in the loss of thousands of jobs.  Sadly,  I am confident no such accountability will occur…

ObamaCare Costs Are Rising – Ability To Pay Falls

Financial Markets, U.S. Economy, ,

Hospital patients felt an increased financial burden in 2014 as medical costs rose while revolving credit became less available, according to TransUnion’s latest Healthcare Report. The report found that consumers’ ability to pay for select medical procedures fell by more than 11% last year…Our latest report demonstrates that consumers continue to feel the pressure of rising healthcare costs,” McCarthy said.

Here’s the link to the full article – you’ll need to register to access it but it’s painless and spam-free:  Patient Costs Rise as Ability to Pay Falls.

The data shows that Obamacare is doing exactly what it was designed to do by the big pharmaceutical, hospital and insurance corporations who drafted the legislation and paid their subservient Congressmen to vote for it:   transfer billions from the middle class to pharmaceutical/healthcare/insurance corporatocracy.

Meanwhile, the Taxpayer burden of shouldering the Government subsidies, which go indirectly into the corporatocracy coffers, accelerates as evidenced by the parabolic rise in Treasury debt outstanding.   Thanks Barack!