Bailout head Neel Kashkari wants transparency (except when he doesn’t)
It’s been widely reported that Neel Kashkari, Goldman Sachs alum and head of the $700 billion bailout, has said he wants transparency in administering the whole process. He is quoted as saying:
“Consistent with Congress’ intent, we are committed to transparency and oversight in all aspects of the program and have already taken several important steps [...]
MonaVie: Scared of Amway
The MonaVie Distributor Application is very interesting. It has an entire section devoted to Amway. Check it out:
Auditor liability in market meltdown?
It should come as no shock to anyone that lots of fingers are being pointed related to Wall Street’s meltdown, and specifically related to the banking industry. And auditors are likely to find themselves the targets of lawsuits. Auditor malpractice is often hard to prove, but in this case, I think there will be several [...]
Massive MonaVie distributors losses demonstrated with the company’s own numbers
Multi-level marketing expert Robert Fitzpatrick discusses the phenomenon of high-level MLM distributors going from company to company. He also explains some distributor numbers released by MonaVie, which show that 91% of distributors receive no commissions from the company, and that the bottom 99% of distributors receive an average of $3.75 a week in commissions. Doesn’t [...]
ShopToEarn: How Much, How Fast
Shop To Earn representatives frequently promote the idea of earning $4,100 in commissions your first 30 days after signing up? How can you do it? The details are below, and it’s not as easy as it seems. It starts with “just recruiting” some people. But then you also have to get people below you to [...]
Overstock.com executives subject to clawback provision in Sarbanes-Oxley?
This past week, our good friends at Overstock.com (NASDAQ:OSTK) – – CEO Patrick Byrne, President Johnathan Johnson, and SVP of Finance David Chidester – – made an announcement about how they have screwed up the company’s financial statements again.
Overstock has a colorful history of issuing incorrect financial statements, with the following discoveries of their errors [...]
Overstock.com: What’s $10 million more in losses?
You can be sure of two things when looking at Overstock.com (NASDAQ:OSTK) financial statements:
They’re wrong
There are massive losses (which will be even bigger when #1 comes to light)
Milwauke Public Schools: Obscene property tax increase
Tonight the Milwaukee Public Schools board is going to vote in favor of increasing city property taxes 14.6% for the school portion. That is the largest portion of the property tax bill, so overall taxpayers will see a sharp increase in their bills.
