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Monthly Archives: August 2019
Markopolos: GE accounting fraud larger than ENRON
After a year-long investigation, renowned Madoff whistleblower and financial analyst Harry Markopolos and company have released a 175-page report to regulators declaring General Electric guitly of the largest insurance fraud ever. The report alleges that GE has a “long history” … Continue reading
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GM and VW double down on EVs (at last)
After making the dumb business decision to crush its much loved ahead-of-the-pack electric cars (EV1) in 2002, GM, along with emission-fraud leader VW, finally, see where the puck is going. Chinese regulations requiring companies to sell a minimum number of … Continue reading
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Capital losses defeat investment return dreams
In finance theory, expected returns presume a closed universe of compound growth where the income received on assets is continually reinvested without any fees, withdrawals, taxes or principal losses to reduce net gains. In reality, all of these are regularly … Continue reading
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