corruption

Last summer, I heard from a source close to the Obama Administration that the public option was mostly a bargaining tool and that the Obama Administration would only use it in order to pass healthcare reform. Translation: the Obama…

Here’s my take on a recent story of apparent plagiarism at the New York Times.  Some are probably conjuring up memories of Jayson Blair.  However, I see something different, namely a battle regarding the credibility of independent…

A while back I wrote a post called A populist interpretation of the latest Boom-Bust cycle that used a passage from Jared Diamond’s Pulitzer Prize-winning Guns, Germs and Steel on kleptocracy as a jumping-off point for a larger discussion…

This comes from Ryan Chittum of the Columbia Journalism Review: Whatever Tim Geithner’s New York Fed was trying to hide in the AIG backdoor bailout was so volatile it was deemed worthy of national-security-like classification, and the…

Earlier in the week, I wrote a post-mortem on the Massachusetts Senate race won by Scott Brown. I saw the results as a signal that Americans are worn out by fraud and corruption. I found one comment from a registered Democrat particularly…

The Democratic defeat in yesterday’s Massachusetts Senate race puts a punctuation mark on the grinding erosion of support for the Obama Administration and its economic policy in a tough first year. Clearly voters were sending the…

Reuters reporter Matthew Goldstein has this breaking story: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the…

Below is the latest Bloomberg News video on the Geithner-AIG cover-up. Congressman Darrell Issa (R-CA), who learned by investigation that the NY Fed asked AIG to withhold information about payment to its counterparties, is now asking…

This is a post which originally appeared at New Deal 2.0 by Randall Wray on why President Obama needs a new economic team, starting with Tim Geithner. L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas…

The White House Stands Behind Geithner, Says Tim Was Not Involved In AIG Email Fiasco is the headline of a recent post at Zero Hedge. Barack Obama is standing behind Tim Geithner. I remain unconvinced. This is the second time Secretary…