Corporate Accountability and Ethics

White collar crime cost taxpayers $600 billion in 2002
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    Workers Protest Lack of Notice Concerning Layoffs
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    from%20archives.chicagotribune.com
    %3Cp%3EFrom%20%20Chicago%20Tribune%20%20--%20%20Republic%20Windows%20and%20Doors%20employees%20hold%20a%20sit-in%20to%20protest%20closing%20of%20company%20without%20adequate%20notice%20or%20severance%20packages.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26ldquo%3BThey%26rsquo%3Bre%20throwing%20people%20out%20on%20the%20street%20with%20three%20days%26rsquo%3B%20notice%2C%20penniless%2C%26rdquo%3B%20said%20Leah%20Fried%2C%20an%20organizer%20with%20United%20Electrical%2C%20Radio%20and%20Machine%20Workers.%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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  • Q&A: Sub-prime lending Q&A: Sub-prime lending
    Submitted 8 months ago By stomlin
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    Q&A: Sub-prime lending
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    from%20news.bbc.co.uk
    %3Cp%3EFrom%20BBC%20News%20--%26nbsp%3B%20This%20March%202007%20article%20foreshadows%20the%20impending%20sub-prime%20mortgage%20crisis%20in%20the%20US%20and%20the%20UK%2C%20and%20provides%20an%20easy-to-understand%20overview%20of%20the%20main%20terms%20and%20concerns%20as%20they%20erupt%20in%20the%20public%20eye.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BProviding%20loans%20and%20mortgages%20for%20people%20with%20poor%20credit%20histories%2C%20so-called%20sub-prime%20lending%2C%20has%20been%20big%20business%20in%20the%20US%20and%20UK%20over%20the%20past%20few%20years.%20But%20a%20shadow%20has%20been%20cast%20over%20the%20industry%20as%20some%20lenders%20have%20been%20threatened%20with%20bankruptcy.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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    Commentary: Why There's a Crisis -- and How to Stop It
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    from%20cnn.com
    %3Cp%3EFrom%20CNN%20--%20%20The%20collapse%20of%20the%20U.S.%20housing%20market%20that%20triggered%20the%20current%20global%20financial%20crisis%20was%20made%20worse%20by%20investors%20who%20did%20little%20to%20offset%20their%20own%20risks%20when%20buying%20mortgage-backed%20securities%20at%20unheard-of%20levels.%20%20The%20combination%20of%20defaulted%20mortgages%2C%20risky%20investments%2C%20and%20corporate%20greed%20has%20led%20to%20the%20current%20inquiry%20into%20the%20value%20of%20every%20asset%20in%20the%20world.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26ldquo%3B%26nbsp%3BThe%20challenge%20will%20be%20to%20reform%20our%20financial%20system%20quickly%20to%20draw%20that%20global%20capital%20back%20into%20more%20productive%20uses.%20The%20first%20step%20should%20be%20efforts%20to%20make%20the%20market%20for%20future%20asset-backed%20paper%20more%20transparent%20and%20credible.%26nbsp%3B%26rdquo%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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  • Madoff Denies Conspiracy
    Submitted 7 months ago By Alexandria MBeaudry
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    Madoff Denies Conspiracy
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    from%20bloomberg.com
    %3Cp%3EFrom%20%20Bloomberg%20%20--%20%20Bernard%20Madoff%20refused%20a%20plea%20bargain%2C%20refusing%20to%20name%20any%20co-conspirators%20to%20his%20Ponzi%20scheme.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3BMadoff%26rsquo%3Bs%20decision%20not%20to%20negotiate%20a%20deal%20means%20the%20government%20won%26rsquo%3Bt%20have%20his%20help%20in%20determining%20whether%20his%20employees%20assisted%20in%20the%20fraud%2C%20the%20people%20said.%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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  • Whistleblower Rights
    Submitted 2 months ago By tpart
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    Whistleblower Rights
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    Non-Profit%20Soapbox%20by%20PICnet%2C%20Inc.
    %3Cp%3EFind%20out%20what%20the%20whistleblower%20rights%20are%20in%20your%20area.%3C%2Fp%3E%0A
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    Ralph Nader on the Rise and Fall of Madoff
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    National Whistleblowers Center - Take Action
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    Support%20Oversight%20And%20Accountability
    %3Cp%3EJoin%20the%20National%20Whistle%20Blowers%20Association%20and%20tell%20Congress%20to%20pass%20a%20national%20whistleblower%20protection%20act%20that%20would%20protect%20all%20employees.%3Cbr%20%2F%3E%0A%3Ca%20href%3D%22http%3A%2F%2Fwww.takepart.com%2Ftheinformant%22%20rel%3D%22externals%22%3EBack%3C%2Fa%3E%3C%2Fp%3E%0A
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  • The Deal That Fueled Subprime
    Submitted 7 months ago By stomlin
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    The Deal That Fueled Subprime
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    from%20nytimes.com
    %3Cp%3EFrom%20The%20New%20York%20Times%20--%20%20The%202002%20merger%20agreement%20for%20HSBC%2C%20an%20international%20bank%20based%20in%20London%2C%20to%20buy%20Household%20International%2C%20the%20largest%20American%20finance%20company%2C%20set%20the%20precedent%20of%20subprime%20lending%20as%20a%20respectable%20practice%20for%20years%20to%20come%2C%20paving%20the%20way%20for%20future%20financial%20crisis.%20%20Household%20had%20a%20history%20of%20%22slightly%20disreputable%22%20business%20practices%2C%20including%20giving%20subprime%20loans%20to%20homeowners%20who%20could%20often%20not%20borrow%20elsewhere.%3Cbr%20%2F%3E%0A%3Cblockquote%3EOn%20Monday%2C%20the%20HSBC%20chief%20Michael%20Geoghegan%20said%3A%20%26ldquo%3BThis%20is%20an%20acquisition%20we%20wish%20we%20had%20not%20undertaken.%26rdquo%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%3E%3C%2Fa%3E%3C%2Fp%3E%0A
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    Investigate the Worlds Most Powerful Corporations
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    JSW%20group%20of%20companies%2C%20promoted%20by%20Sajjan%20Jindal%2C%20is%20a%20USD%203.
    %3Cp%3EInvestigate%20the%20worlds%20most%20powerful%20corporations.%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.crocodyl.org%2F%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BInvestigate%20the%20Worlds%20Most%20Powerful%20Corporations%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
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    Tobacco Makers Lose Key Ruling on Latest Suits
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    from%20nytimes.com
    %3Cp%3EFrom%20%20The%20New%20York%20Times%20%20--%20%20Big%20Tobacco%20is%20hard%20to%20sue.%20Although%20the%20deadly%20risks%20of%20cigarettes%20are%20clear%2C%20they%27re%20still%20legal%2C%20even%20subsidized%20by%20Congress.%20%27Low-tar%27%20smokes%20that%20claim%20to%20be%20a%20safer%20alternative%20to%20cigarettes%2C%20however%2C%20may%20bring%20a%20new%20wave%20of%20lawsuits%20against%20BigTobacco.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26ldquo%3BThe%20independent%20political-economic%20arrangement%26rdquo%3B%20the%20tobacco%20companies%20made%20with%20the%20states%20%26ldquo%3Bto%20pay%20them%20billions%20of%20dollars%20over%20many%20years%20has%20not%20compensated%20smokers%20for%20the%20individual%20damages%20they%20have%20allegedly%20suffered%2C%26rdquo%3B%20the%20judge%20wrote.%20He%20also%20wrote%20that%20widespread%20%26ldquo%3Bpartial%20acknowledgments%26rdquo%3B%20by%20tobacco%20companies%20that%20cigarettes%20are%20dangerous%2C%20and%20their%20efforts%20to%20reduce%20smoking%20by%20children%20and%20others%20%26ldquo%3Bdoes%20not%20negate%20any%20liability%20for%20past%26rdquo%3B%20misconduct.%3C%2Fblockquote%3E%3C%2Fp%3E%0A
    %3Ca%20href%3D%22http%3A%2F%2Fwww.nytimes.com%2F2006%2F09%2F26%2Fbusiness%2F26tobacco.html%3F_r%3D2%26amp%3Boref%3Dslogin%26amp%3Bref%3Dbusiness%26amp%3Bpagewanted%3Dprint%22%20rel%3D%22externals%22%20onclick%3D%22var%20s%3Ds_gi%28s_account%29%3Bvar%20t_title%3D%26quot%3BTobacco%20Makers%20Lose%20Key%20Ruling%20on%20Latest%20Suits%20%26quot%3B%3Bs.products%3D%26quot%3B%3B%26quot%3B%2Bt_title%3Bs.events%3D%26quot%3Bevent5%26quot%3B%3Bs.linkTrackVars%3D%26quot%3Bproducts%2Cevents%26quot%3B%3Bs.linkTrackEvents%3D%26quot%3Bevent5%26quot%3B%3Bs.tl%28this%2C%26quot%3Be%26quot%3B%2Ct_title%29%22%3EFull%20Article%20%3C%2Fa%3E
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