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Monday, December 09, 2019 {{ new Date().getDay() }}

Tag: corporate abuse

Crime Is Going Up — Not In The Streets But In Corporate Suites

There's a crime wave underway in America, but the Powers That Be are getting sore necks from looking the other way. I'm talking about corporate crime. When it comes to robbing us blind, the Armani-clad criminals in corporate boardrooms have it all over the hoods on the street. The FBI reckons that property crime cost U.S. taxpayers $16 billion in 2018. Securities traders alone cream four times that amount from their clients in fraudulent deals every year. And as far as white-collar crime goes, securities fraud is small potatoes. From oil spills to price fixing to peddling defective or dangerous products, corporations are responsible for the costliest and deadliest crimes in this country.

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How Big Business Scammed Loans Aimed At Small Firms

Reprinted with permission from ProPublica

The Paycheck Protection Program was launched to rescue the little guy, the millions of small businesses without the deep pockets needed to survive the COVID-19 shock.

But among the restaurants, dentists and mom-and-pops was Vibra Healthcare, a chain of hospitals and therapy centers spread across 19 states with over 9,000 employees. The biggest PPP loan was supposed to be $10 million, but Vibra found a way to land as much as $97 million.

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We’re (Almost) All In This Together

In this horrible time of economic collapse, it is truly touching to see so many corporate chieftains reaching out in solidarity to the hard-hit working class.

We know they're doing this, because they keep telling us they are — practically every brand-name giant has been spending millions of dollars on PR campaigns in recent weeks asserting that they're standing with us, declaring over and over, "We're all in this together."

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