{"id":181054,"date":"2016-10-16T20:25:00","date_gmt":"2016-10-17T01:25:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/10\/16\/todays-must-read-2\/"},"modified":"2016-10-16T20:25:00","modified_gmt":"2016-10-17T01:25:00","slug":"todays-must-read-2","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2016\/10\/16\/todays-must-read-2\/","title":{"rendered":"Today&#8217;s Must Read"},"content":{"rendered":"<p><a href=\"http:\/\/www.nakedcapitalism.com\/2016\/10\/how-wells-fargo-exemplifies-the-drivers-of-big-corporate-fraud-2.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29\"><b><span style=\"font-size: 120%; font-variant: small-caps;\">How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud<\/span><\/b><\/a>:<\/p>\n<p>You should read the whole thing, but here are the bullet points from the article:<\/p>\n<ol>\n<li><span style=\"color: blue;\">American businesses have become stock manipulation machinesAmerican businesses have become stock manipulation machines<\/span><\/li>\n<li><span style=\"color: blue;\">Focusing on short-term stock prices leads to corruption&nbsp;<\/span><\/li>\n<li><span style=\"color: blue;\">Punishment means little until executive pay is understood<\/span><\/li>\n<\/ol>\n<p>Go read the rest, and pay particular attention to the SEC under the Reagan administration legalizing stock buybacks in 1982.&nbsp; Prior to that they were considered illegal stock manipulation.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud: You should read the whole thing, but here are the bullet points from the article: American businesses have become stock manipulation machinesAmerican businesses have become stock manipulation machines Focusing on short-term stock prices leads to corruption&nbsp; Punishment means little until executive pay is understood Go &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[775,761,777,813],"class_list":["post-181054","post","type-post","status-publish","format-standard","hentry","tag-business","tag-corruption","tag-finance","tag-philosophy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181054"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=181054"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/181054\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=181054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=181054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=181054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}