Did Goldman Sachs Manipulate Markets?

Reading Time: 2 minutes [Update below – Ed.] Over Independence Day weekend, Sergey Aleynikov, a former Goldman Sachs computer programmer, was arrested by the FBI for allegedly stealing the firm’s high-speed stock- and commodities-trading programming code and uploading it to an unidentified Web server in Germany. At Aleynikov’s July 4 bail hearing, Joseph Facciponti, an assistant U.S. Attorney, told Read More

Questions about Developing C.I.A. Story

Reading Time: 2 minutes An official story is forming about the secret program that the C.I.A. hid from Congress: the agency planned to organize assassination squads to target Al Qaeda terrorists around the world, according to a lead article in today’s New York Times. Although this account has gained widespread acceptance, there’s reason to be skeptical. As I noted Read More

The Mega-embassy That Wasn’t

Reading Time: 2 minutes Have you heard that Iran built a mega-embassy in Nicaragua? Word of this development has passed the lips of many a conservative anxious about Tehran’s intentions. As the Washington Post reports: It is not clear where the report of the embassy in Managua began. But in the past two years, it has made its way Read More

CIA Lies to Congress

Reading Time: 2 minutes [Update below—Ed.] During last spring’s controversy over whether congressional leaders were briefed by the CIA over its use of “enhanced interrogation techniques,” Russ called for an investigation into the congressional briefing process. It is now all the more clear that such an investigation is a must. Yesterday, CQPolitics reported that CIA Director Leon Panetta admitted Read More

Florida Regulators Aided and Abetted Stanford

Reading Time: 2 minutes The Miami Herald published a long investigative piece about how Sir Allen Stanford, whose Antigua-based banking empire has been shut down as a massive fraud, was able to open a Miami branch in 1998 free from regulatory oversight, with the approval of Florida banking regulators. Stanford got his regulatory-free branch—one of his most lucrative franchises—despite Read More

In Defense of Lobbyists

Reading Time: 2 minutes In the days after the November election, Obama’s advisers announced “the strictest, and most far reaching ethics rules of any transition team in history.” These rules included a ban on lobbyists joining the new administration. Why would political ethics demand such a prohibition? According to Obama’s transition team, the new policy sought to curb the Read More

More on Protecting Monopolies

Reading Time: < 1 minute The New Haven Independent reports that Sen. Joe Lieberman (D – CT) is leading a coalition of “centrists” and “moderates” against a public option for healthcare—a government-run health plan that would compete with private insurers. As we recently discussed, the public option is supported by about three-quarters of the public, who, in the terms of Read More

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Corporate Tool

Reading Time: 2 minutes Here’s a useful tool for finding out what US-based transnational corporations are doing around the world. Go to a website called Croctail, where you can search domestic and foreign subsidiaries of publicly traded companies. (Hat tip to www.dirtdiggersdigest.org which brought it to my attention.) And while we’re at it, here’s DirtDiggers on Shell’s spin on Read More

UBS or Just Plain BS?

Reading Time: 2 minutes The Obama Justice Department has just floated a trial balloon to see if it can drop a legal effort to force the Swiss Bank UBS to disclose the names of 52,000 rich Americans suspected of using the bank to evade US taxes. Back in February, the Justice Department sued the bank in an effort to Read More