Monday, September 21, 2015

Corporate Fraud Is Apparently Alive and Well

September 21, 2015
Volkswagen stock drops 20% on US diesel recall probe

Cynthia Giles, an enforcement officer at the EPA, said on Friday the cars in question "contained software that turns off emissions controls when driving normally and turns them on when the car is undergoing an emissions test".

The feature, which the EPA called a "defeat device," masks the true emissions only during testing. When the cars are on the road, they emit as much as 40 times the level of pollutants allowed under clean air rules meant to ensure public health is protected, Giles said.

Everyone always needs a fraudulent car to drive! They just aren't making any more fraudulent cars!! Buy now or forever be priced out!!!


dearieme said...

Long ago a consulting job lead me to read up on pollution from diesel engines. I decided that this was a more serious problem than most people realised. I'd already known that most environmental scares were spurious: this was my realisation that a real problem wasn't being beaten up into a scare just because it wasn't sexy enough.

Still, we've had two diesel-engined cars since then.

Stagflationary Mark said...


I lived on the Seattle waterfront for about a year. My apartment was on the third floor just above an onramp to a major highway. Every large truck that went up that ramp dumped diesel soot right on my deck. I had to clean that black soot every time I used the deck, which was pretty much daily.

Hey, maybe it is a very good thing that I'm not still living there!