It’s Earnings Season—–So Here Come The Crooks, Led By Alcoa
Once upon a time Alcoa (AA) was a great industrial powerhouse and innovator. Now it is a stumbling, pitiful giant that is a veritable wealth destroyer. And its dismal plight, which is thoroughly obfuscated by a Wall Street pleasing earnings scam called “ex-items”, is not atypical of Corporate America. Last night, for instance, AA reported another essentially profitless […]