The Special Inspector General of the TARP has just released a report on the government’s role in saving Citigroup from failure. You can read the report here (PDF). If you are short on time, just skip down to the “Conclusions” section on p.47. While it appears that the govt. has profited by the bailout, the [...]
The Supreme Court has just released a very important decision which regards corporate financing of political advertising. Below, I’m embedding and attaching a version of the decision which I have hilighted. Given that the actual document is very long, and would take a few hours to read, I have provided this hilighted version so that [...]
Blackwater has a new name and look. The infamous security company has been given a makeover, and if I’m correct, most Americans will forget. Former: Current: From a design perspective, the new website has a much lighter background, and the main area has a white background. As if to escape the old name decisively, the [...]
Following up on my last post and Dan’s comment, I will borrow from a far better wordsmith than myself: Five years after the Abu Ghraib revelations, we must acknowledge that our government methodically authorized torture and lied about it. But we also must contemplate the possibility that it did so not just out of a [...]
If you have not looked over the torture memos, please do so. Then, take a look at this video from Philip Zelikow, a high level State Department lawyer during the Bush administration. He authored a memorandum expressing grave concerns with the legal reasoning underlying those torture memos. While a copy of Zelikow’s memorandum is not [...]
Citi’s Moral Hazard
The Special Inspector General of the TARP has just released a report on the government’s role in saving Citigroup from failure. You can read the report here (PDF). If you are short on time, just skip down to the “Conclusions” section on p.47. While it appears that the govt. has profited by the bailout, the [...]