When impunity replaces accountability, you are left with the rituals of democracy instead of its substance.
|By: masaccio Friday February 18, 2011 2:30 pm|
Preet Bharara, the US Attorney for the Southern District of New York, is letting the statute of limitations run on securities fraud related to sales of real estate mortgage-backed securities. He’s very busy with insider trading cases and partying with his buddies at the law firms that got reich creating teh deals and then coping with the fall-out.
|By: Blue Texan Friday January 7, 2011 4:42 am|
From Taibbi’s new piece in Rolling Stone.
|By: TBogg Saturday November 27, 2010 1:59 pm|
In Mark Harris’ classic baseball novel, Bang The Drum Slowly, players and coaches for the mythical New York Mammoths (modeled after the New York Yankees) fill the dead hours spent in hotels while on road trips by adjourning to the hotel lobby where they make a show of playing a card game called “Tegwar”. Tegwar (The Exciting Game Without Any Rules) is a con game whose express purpose is to extract as much money as possible from the passing starstruck fans who want to join in yet don’t want to appear like rubes by admitting that they don’t know what the hell is going on in the game. Befuddled by nonsensical winning hands like Red Rooster, Banjo, Coney Island Tatey or Butchered Hog, but caught up in the glow of hanging out with real live major league ballplayers, the fans are easy pickings and, unsurprisingly, the ballplayers always win.
|By: David Dayen Friday November 12, 2010 11:45 am|
Skepticism has crept into the system, and lawyers like the one Taibbi profiles are getting very adept at sniffing out the fraud. This is not hopeless. And actually, people like Taibbi writing about it for a large audience can be part of the solution.
|By: Jane Hamsher Monday November 1, 2010 9:48 am|
So, what’s going to happen tomorrow? Will Prop 19 win or lose, will the Democrats keep the Senate, and how many seats will switch parties in the House?
Place your bets now in the FDL Election Projection challenge.
|By: Jane Hamsher Thursday October 28, 2010 10:09 am|
FDL will be featuring extensive election night coverage across the country, including the much-anticipated results of Prop 19. And the morning after, everyone will of course be diagnosing “what happened” with 20/20 hindsight. But who really did call the races in advance?
You can place your predictions in the FDL Election Projection Vault (patent pending), which will remain locked until the results are known. So, put on your finest Amazing Kreskin hat, and lay your bets.
- How many House seats will Democrats hold in the 112th Congress?
- How many Senate seats will Democrats hold in the 112th Congress?
- Will California’s Proposition 19 pass?
- What will the final percentage be for “Yes” on Prop 19?
|By: Scarecrow Friday October 15, 2010 8:08 am|
There was a telling moment in last night’s Nevada Senate debate in which Sharron Angle and Harry Reid explained how they view the proper role of government and its relationship with corporate America. And their answers must have made the nation’s largest corporations smile.
|By: bmaz Wednesday December 30, 2009 6:06 am|
There has been an unsavory blending of the private interests of corporations and financial institutions with the power and hand of the US government that has created a new breed of robber barons that will prove the downfall of the American society and empire if left unchecked.