crony


Bharara subpoenas Cuomo crony in ‘Buffalo Billion’ probe

Bharara subpoenas Cuomo crony in ‘Buffalo Billion’ probe

By Against Crony Capitalism April 30, 2016   Bharara subpoenas Cuomo crony in ‘Buffalo Billion’ probe     Dun, dun, duuuunnnn…. (From The New York Post)   US Attorney Preet Bharara’s probe into Gov. Cuomo’s controversial “Buffalo Billion” revitalization plan now involves his inner circle — including one of his longtime former aides, sources said […]


Some CEOs don’t like that cronyism is increasingly under the microscope

By Nick Sorrentino Against Crony Capitalism April 25, 2016   Some CEOs don’t like that cronyism is increasingly under the microscope   “The precipitousness of the political debate is a little scary right now,” said Jim McNerney, who served as chief executive of Boeing Co. until last year and as chairman until February, at a recent […]

Some CEOs don’t like that cronyism is increasingly under the microscope

Pelosi’s Husband Invested in Solar Firm Weeks Before Lucrative Expansion

Pelosi’s Husband Invested in Solar Firm Weeks Before Lucrative Expansion

By Against Crony Capitalism April 19, 2016   Pelosi’s Husband Invested in Solar Firm Weeks Before Lucrative Expansion     Nancy Pelosi’s time in Congress has coincided with a massive and rapid assent into the crony skies of massive wealth for she and her husband. On the SunEdison deal it looks like Paul Pelosi will […]


Poor Countries Demand $3.5 Trillion in Climate Finance at Paris Conference*

By Against Crony Capitalism December 15, 2015   Poor Countries Demand $3.5 Trillion in Climate Finance at Paris Conference*     Now let’s just guess whether the crony classes in these poor countries will just happen to pocket all of this “climate mitigation” money. OK, let’s not guess because we know the answer. Of course […]

money-hole-c-c-565x338

Congressman Stephen Fincher: From Tea Partier to corporate welfare champion

By Against Crony Capitalism October 4, 2015   Congressman Stephen Fincher: From Tea Partier to corporate welfare champion     The old joke is that many a congressperson gets elected by explaining to his constituents that he going to go to Washington so that he can drain the swamp. But once he gets to DC […]

Fincher-cc-452x565

(Image courtesy of Michael Galkovsky/Flickr,CC)

A True American Crony

By Bill Bonner Bonner & Partners September 24, 2015   A True American Crony     PARIS – Volkswagen CEO “falls on his sword,” reports the Financial Times. The FT was speaking metaphorically, of course. Martin Winterkorn is German, after all, not Japanese. A Japanese businessman in a similar circumstance would have his intestines on […]


hillary2

The Economics of Hillary Clinton

By William L. Anderson Mises.org September 22, 2015   The Economics of Hillary Clinton   In a recent Labor Day speech to union workers in Illinois, Hillary Clinton declared that if she is elected president of the United States, she would make sure that “some employers go to jail for wage theft and all the other […]


Politico calls out China as the world’s Ultimate Crony Capitalist State

By Nick Sorrentino Against Crony Capitalism September 22, 2015   Politico calls out China as the world’s Ultimate Crony Capitalist State     OK, Politico did not use the exact term, but Charles Davidson and Jeffrey Gedmin make a pretty bold statement in today’s edition. China is a kleptocracy and this encourages instability in the […]

Xi-cc-565x305

3217859975_33a26ee02a_z

Caution! Corporate Cronies at Work…

By Bill Bonner Bonner & Partners August 14, 2015   Caution! Corporate Cronies at Work…     U.S. stocks flat. A bump in Tokyo. A bump up in Shanghai. Gold registered a $7 loss in New York trading. Noise, in other words. Nothing to worry about. So let us remind readers, and ourselves, of what […]


Greek-and-American-flags-cc-565x532

How is the USA like Greece? Both are crony states

By Nick Sorrentino Against Crony Capitalism July 10, 2015   How is the USA like Greece? Both are crony states     Government is inherently crony. That is its nature. It has an inherent tendency toward corruption. Crony entropy. Like water flowing downhill. In Greece we see a relatively poor crony state languishing on the […]