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tsuomela : gaming-the-system   5

Jeffrey Sachs: The Geithner-Summers Plan is Even Worse Than We Thought
Two weeks ago, I posted an article showing how the Geithner-Summers banking plan could potentially and unnecessarily transfer hundreds of billions of dollars of wealth from taxpayers to banks... Insiders can easily game the system created by Geithner and Summers to cost up to a trillion dollars or more to the taxpayers.
economics  banking  bailout  regulatory-capture  insider  gaming-the-system  gloom-and-doom 
april 2009 by tsuomela
Pulp Nonfiction
Story about the paper industry dumping diesel into lignin in order to collect a tax credit for combining alternative and taxable fuels, thus thwarting the intent of Congress to reduce fossil fuel use.
government  regulation  exploitation  taxes  business  business-as-usual  loophole  gaming-the-system 
april 2009 by tsuomela

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