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Carollo involved classic cartel activity: not just one corrupt bank, but many, all acting in careful concert against the public interest. In the years since the economic crash of 2008, weve seen numerous hints that such orchestrated corruption exists. The collapses of Bear Stearns and Lehman Brothers, for instance, both pointed to coordinated attacks by powerful banks and hedge funds determined to speed the demise of those firms. In the bankruptcy of Jefferson County, Alabama, we learned that Goldman Sachs accepted a $3 million bribe from J. P. Morgan Chase to permit Chase to serve as the sole provider of toxic swap deals to the rubes running metropolitan Birmingham an open and shut case of anti competitive behavior, as one former regulator described it. More recently, a major international investigation has been launched into the manipulation of Libor, the interbank lending index that is used to calculate global interest rates for products worth more than $3 trillion a year. If and when that case is presented to the public at trial there are several major civil suits in the works here in the States we may yet find out that the worlds most powerful banks have, for years, been fixing the prices of almost every adjustable rate vehicle on earth, from mortgages and credit cards to interest rate swaps and even currencies. But USA v. Carollo marks the first time we actually got incontrovertible evidence that Wall Street has moved into this cartel type brand of criminality. It also offered a disgusting glimpse into the enabling and grossly cynical role played by politicians, who took Super Bowl tickets and bribe stuffed envelopes to look the other way while gangsters raided the public kitty.


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Current projects in this area include, in collaboration with colleagues from Scripps and University of St Andrews, an investigation of the impact of Navy sonar on cetaceans in Southern California and applied use of acoustics for addressing problem of ship strike on blue and other baleen whales, with collaboration with Dr. Baumgartner from Woods Hole Oceanographic Institution. Nichols, TA, TW Anderson, A irovi. 2015. Intermittent noise induces physiological stress in a coastal marine fish. PLoS ONE. 109:e0139157. 10. 1371/journal. pone. 0139157Kendall, LS, A irovi, EH Roth.



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