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Where the Bailout Went Wrong
By Neil M. Barofsky
Two and a half years ago, Congress passed the legislation that bailed out the country’s banks. The government has declared its mission accomplished, calling the program remark…
Sleuth Humor
Oh, I am so relieved that we are seeing the beginning of the recession’s end, and now embarking on a jobless recovery. This is such good news! Vaccine, anyone?
~ Ann, Private Investigator
Max Keiser on Bankers Bonuses Face Off – 27 March 2009
Max Keiser: ….they (Goldman Sachs, JP Morgan et al) are systematically undermining the entire system. They are creating a mechanism to carve out equity and capital for themselves at the expense of …
Federal Contractors
By Walter Pincus
The aim was also to save money, but last year Congress reported that contract employees were each costing the government an average of $250,000 annually, an amount far in excess of…
US Secretly Built ‘Cuban Twitter’ to Stir Unrest
By Desmond Butler, Jack Gillum and Alberto Arce
The U.S. government masterminded the creation of a “Cuban Twitter” – a communications network designed to undermine the communist government in Cuba, …
More Moral Hazard on The Way
By cleg
Brought to us courtesy of senators Kay Hagan of North Carolina and one of the banking lobby’s most obedient lap dogs, Bob Corker of Tennessee; The United States Covered Bond Act of 2011 is de…