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

Hedge Funds Flex Lobbying Muscle

Reading Time: < 1 minute The Wall Street Journal has a solid piece of reporting on the continued power of hedge funds to shape their own—and the nation’s—destiny. The lede says it all (subscription required): Many hedge funds were relieved last week when the Obama administration’s financial-overhaul plan included no big surprises or threats to the lucrative, secretive industry. It Read More

Protecting Monopoly Power

Reading Time: 2 minutes It’s rare that a public-policy proposal manages to please three-quarters of the public. A government-run healthcare option has managed to do just that, according to a recent poll by CBS News and the New York Times. Seventy-two percent of respondents, including fifty percent of Republicans, said they favored the creation of a public healthcare plan Read More

Goldman Sachs Record Bonuses: Where's the Investigation?

Reading Time: 2 minutes Goldman Sachs is on pace to make record bonus payouts after a robust first half, the Guardian newspaper reported on Sunday. Goldman staff in London were briefed on the outlook and told they could look forward to the bonus hikes if the company registers, as predicted, its most profitable year ever, the report said. The Read More