Reaction to the S&P Lawsuit Is Just What You’d Expect

By: Tuesday February 12, 2013 4:48 pm

Big lawsuits are great opportunities to look at the state of mind of reporters, pundits and bloggers. I have posts on the case focused on the facts, the law and what they say about the Department of Justice. Of course, my biases are obvious: I think the DOJ refused to enforce the laws against fraud by Wall Street executives, that the refusal to investigate and enforce the law was a deliberate policy choice by President Obama, and that policy was intentionally put into practice by Attorney General Eric Holder and the head of the DOJ Criminal Division, Lanny Breuer. Others show their biases as well.

 

Dimon Doesn’t Know If JPM Broke the Law in Fail Whale Trade

By: Saturday May 12, 2012 11:00 am

If you can find another CEO answer a point-blank question about whether or not their company broke the law with, essentially, “I don’t know, the regulators should come in and find out,” you win a cookie.

Lawmakers Debate Debt Limit, Jobs Agenda Lags

By: Tuesday June 21, 2011 9:05 am

Lori Montgomery reports that the White House is “speeding up” debt limit talks, with an outline of spending cuts and deficit triggers in exchange for a debt limit increase. Montgomery breaks some news about one potential trigger, which would, according to Delaware Senator Chris Coons (D), lead to tax increases and specifically entitlement cuts, if annual targets for the deficit are not met. Coons thinks this would motivate both sides to get to the savings goals by other means, rather than whacking the safety net or raise taxes, but it sounds like a dangerous game.

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