UK corporate governance reform proposal being gamed even at its ideation ; small business, porn, and pot banking crackdown

When I reviewed due diligence for a large Wall Street Bank, I got good at spotting traps and black holes in customer documentation. But the Bank I worked for wouldn't press for due diligence if such requests would upset the customer or the trader, who was on boarding the customer. Ultimately, the Front Office controlled the due diligence collected by the Legal Department, just like big business interests control all legislative attempts to regulate reforms in corporate governance.

• RELATED : Is the UK Ending Corporate Secrecy ? More Spin Than Substance (HuffingtonPost.uk)

Meanwhile, Chase is closing all bank accounts held by porn stars, and HSBC has been on a scorched earth campaign to close down all small business banking accounts. Whereas banks are instructed by regulators to put classes of customers on "watch lists" if there is a potential for exposure to money laundering, organized crime connections, drug-running, arms sales to terroristic states (like Iran), other sanctions lists, etc., the truth is that many big banks are situational in how they comply with their watch lists. Recently, many large American banks (wrongly) initially refused to accept customers tied to the (now) legal marijuana business in the states that just legalized small quantity sales. Is the crackdown on legitimate small business, sex workers, and legal marijuana businesses just slimy PR stunts intended for banking compliance departments to show regulators that the banks are minding their watch lists ?

• RELATED : Chase Bank Slams the Door on More Porn Stars (XBIZ)
• RELATED : HSBC closes least-profitable small business accounts (HuffingtonPost)
• RELATED : Swiss Bank Apparently Unfreezes Iran Arms Sales Account (The Los Angeles Times)
• RELATED : U.S. Arrests 3 in Immigration Marriage Fraud (The New York Times)

How are small businesses supposed to transact business ? How are porn stars expected to deposit pay checks, pay bills, use their credit card, and pay their publicists and agents ? How can people buy space cakes, if legal marijuana businesses can't deposit sales receipts, pay suppliers, pay taxes, and otherwise maintain their enterprise as a going concern ? This is all cookoo !!

Donate Your Twitter Account to : Stop New York Medicaid Redesign Team

Donate Your Twitter Account to : Stop New York Medicaid Redesign Team

In response to Facebook.com censorship, can SumofUs.org rollout a social networking interface ?

So, Facebook.com likes to censor its users, who post information, links, or other media, such as photographs or videos, which are deemed too political in nature (or, more appropriately, too offensive to its advertisers or tax authorities). Facebook sometimes suspends user accounts for a period of time, mainly, for 30 days, according to recent examples of two of my "Facebook" friends. Considering how short-lived Myspace.com was, for all its clunky and anti-music file sharing obsession it became in its final years of relevancy, many users on Facebook.com look forward to the emergency of a new Web site, to which disaffected Facebook.com users can migrate.

For all those activists, who are "superusers" of Facebook.com, who use features like creating events for demonstrations or meeting planning, creating pages for activism campaigns, for creating groups of like-minded activists, and for creating public (or private) profiles for doing all this work, perhaps one emerging suggestion may make sense :

Seeing as how new Web sites, such as SumofUs.org, are emerging, where activists can participate in some limited function online activism, it might be fascinating to explore whether the owners-developers of Web sites, such as SumofUs.org, could add on social networking and other social app-like modules, extensions, or functionality, so that disaffected Facebook.com users can just abandon Facebook.com and just embrace one, fully-dedicated non-profit Web site, such as SumofUs.org, for their online activism and social media experience.

Imagine what online activists could do in a Web-based environment, which supported a safe space for online activism and social networking ? We wouldn't have to deal with the arbitrary censorship by Web sites, such as Facebook.com, we wouldn't have to deal with ever nebulous privacy policy changes to placate advertisers, there wouldn't be tracking, surveillance, or face recognition issues....

I imagine it would only take a small team of creative minds to mount an effort like this....

Then, we would have a newly, self-empowered community for online activism. And we could let our old Facebook.com accounts join our old Myspace.com accounts in the digital morgue of the past.

Pentagon Letter to Penguin Putnam regarding Bin Ladin Navy Seal Book

2012 08 30 Mark Owen No Easy Day Pentagon Letter Penguin Putnam Bin Laden Book

Ai Weiwei: Never Sorry (2012) Trailer

The film examines this complex intersection of artistic practice and social activism as seen through the life and art of China's preeminent contemporary artist. From 2008 to 2010, Beijing-based journalist and filmmaker Alison Klayman gained unprecedented access to Ai Weiwei. Klayman documented Ai's artistic process in preparation for major museum exhibitions, his intimate exchanges with family members and his increasingly public clashes with the Chinese government. Klayman's detailed portrait of the artist provides a nuanced exploration of contemporary China and one of its most compelling public figures.

Cuomo's Obsession With Secrecy

Governor Andrew "Control Queen" Cuomo

New York Governor Andrew Cuomo is removing government records from the State Archives, and he is even going to so far as to destroying electronic records and denying public access to government information.

"The governor’s aides have also tried to withhold, possibly for decades, public documents created during his previous job as attorney general. Earlier this year, according to recent reports, his staff scrambled to deny public access to some documents in the State Archives after reporters from The Times Union of Albany received a box of papers relating to the so-called Troopergate investigation by Mr. Cuomo in 2007. Josh Vlasto, the governor’s spokesman, said the files were private and were released in error by the state archivist," wrote The New York Times in an editorial.

Read more : Governor Cuomo at the Controls