Takata Fined $200 Million For Lying About Defective Airbags
The federal government announced a $200 million fine for car airbag manufacturer Takata for failing to issue a recall after selling defective airbags.
Too Big To Fail AIG Refuses To Break Up
AIG executives are refusing to consider a plan created by shareholder activist Carl Icahn to break up the massive “Too Big To Fail” corporation.
Corporate Coup: Arbitration Clauses Deny Justice To Consumers
Consumers have been effectively prevented from seeking justice through class action lawsuits in many instances thanks to arbitration clauses in contracts.
100 CEO Retirement Accounts Equal To Savings Of 50M Families
A new report calculates that the retirement assets of just 100 CEOs add up to as much as the entire retirement account savings of 41% of American families.
Investigation By Elizabeth Warren Reveals Life Insurance Kickback Scheme
Elizabeth Warren revealed a massive life insurance kickback scheme where agents encourage customers to buy substandard coverage in return for personal gain.
Pentagon Commits To Doling Out $80 Billion For Another Bomber
While in the middle of a trillion-dollar F-35 project, the Pentagon has committed to spend another $80 billion on a bomber it doesn’t need.
Whistleblower Validated in Goldman Sachs-New York Fed Corruption Case
A former Goldman Sachs employee and a former NY Fed employee will plead guilty to criminal charges related to leaking documents from the Fed to Goldman.
Facebook Secretly Lobbying To Pass CISA
Though Facebook claims publicly to oppose the privacy invading bill, the massive social networking site is working behind the scenes to get CISA passed.
Pharma CEO Who Said He Only Cares About Shareholders Loses Them Money
Valeant CEO J. Michael Pearson let it be known that his company’s shareholders, not patients needing the company’s drugs, were his only real concern.
SEC Facing Criticism For Proposed Rules That Reduce Transparency
The SEC’s proposal would make it harder to bring charges of securities fraud by giving Wall Street companies more room to withhold vital information.