The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Freddie: ‘You Can Fool Yourself. You Can Cheat Until You’re Blind’

by Smitty (h/t the Whip) The country is in the very best of hands, as Insty is fond of noting. Especially when, for example, Freddie Mac unexpectedly finds itself facing a $10.6B loss. Eric Cantor whipped it good: Washington D.C. – House Republican Whip Eric Cantor (R-VA) today issued the following statement after Freddie Mac […]

Alabama AG Troy King Acts Tough On Crime. Corruption? Not So Much

Nice “America’s Most Wanted” imitation here by the suspiciously gambling-friendly attorney general Troy King: Unlike John Walsh, however, Troy King has been the target of a federal investigation, and this new TV ad raises a question: Where did those cop cars come from? If those are Alabama police cars . . . well, the state law is quite clear on such […]

Goldman Sachs Investigation Update

Breaking news from the Washington Post: Behind closed doors, the two Republican members of the Securities and Exchange Commission sharply questioned senior investigators last week about whether the evidence they had assembled was strong enough to file a fraud case against Goldman Sachs, according to current and former SEC officials familiar with the matter. The […]

The Surprise Return of Blago-Gate!

Incomplete redaction of a Chicago subpoena for the Rod Blagojevich corruption trial reveals some unseemly — and perhaps criminal — actions by Team Obama: Obama may have lied about conversations with convicted fraudster Tony Rezko . . . Obama may have overtly recommended Valerie Jarret for his Senate seat . . . A supporter of […]

Your Tax Dollars at Work Wank

SEC staffers watched porn as economy crashed Senior staffers at the Securities and Exchange Commission spent hours surfing pornographic websites on government-issued computers while they were being paid to police the financial system, an agency watchdog says. The SEC’s inspector general conducted 33 probes of employees looking at explicit images in the past five years, […]

Filibuster Financial Reform? What Kind of Senator Would Dare to Do Such a Thing?

Five years ago, it was a certain freshman Senator from Illinois and his fellow Democrats: [I]n July 2005 . . . the Senate Banking Committee, then controlled by the Republicans, adopted tough regulatory legislation for the GSEs [government-sponsored entities, i.e., Fannie Mae and Freddie Mac] on a party-line vote — all Republicans in favor, all […]

Remember That ‘Culture of Corruption’?

It’s back! Politically connected staffers in Hillary Rodham Clinton’s State Department twisted arms to steer a $5.4 million contract for crystal stemware to a tiny interior-design firm without putting it out for bid . . . Two senior State Department contracting officials, Randolph Bennett and Tandra Jones, successfully pushed for the contract to go to […]

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