Why Big Banks Will Pay The Piper in 2013

patching panks

Bruce Reilly: 2013 is poised to become the most important year of the subprime aftermath. The five-year statute of repose, the window within which cases are arguably eligible under the Securities Act, will close.

Europe’s Youth Employment Is Bad, But Not As Bad As We’re Told

spain euro

ardly a day goes by without a new headline screaming about the scandal of youth unemployment, which has been pinned at the outrageous levels of 50 percent in Spain and Greece and above 20 percent in the eurozone. There’s just one problem – those numbers are derived from a flawed methodology, which misrepresents the true […]

Walmart Gets Jeffersonian on ALEC, Freezes Membership

walmart jefferson

Bobbi Murray: Walmart is well-equipped to forge ahead despite scandal and without ALEC, tidily attending to image-protection and lobbying chores on its own. The company, after all, has carefully worked Washington circles over the last decade.

Student Loan Borrowers Dazed and Confused by Servicer Shuffle

rising tuition

Marian Wang: The Department of Education has been transferring large batches of federal student loans to new loan-servicing companies — leaving in the lurch some borrowers who are suddenly encountering problems with their loans.

Haitians Poisoned: And Justice?

haiti

Ayiti Kale Je: With the complete failure of the government to fulfill its obligations, who would dare to sip one of Haiti’s traditional drinks, made from homegrown sugar cane? Who will take the risk of being poisoned? Not the privileged, who drink fine, sweet rum or imported whiskies.

Haitians Poisoned: Liquid Death

michaelle

Ayiti Kale Je: In Haiti, the authorities continue to mystify the public with promises and “commissions,” while the national clairin industry disappears under a tidal wage of imported clairin.

The Sanctimonious Scavengers of the Penn State Scandal

jerry sandusky

Walter Brasch: Based upon the amount of newsprint and air time given to this story, you would swear that Paterno was guilty, arrested, and probably already convicted. The media almost forgot about Sandusky as they began piling on to Paterno.

Nittany Lion Country: Gut-Check Time

penn state candlelight vigil

John Peeler: We are Penn State if we have ever been part of an organization that chose to keep a scandal quiet and in-house, rather than reporting it to the authorities.

Uncle Sam’s & John Bull’s Crimes Dwarf Murdoch’s Eavesdropping

wendi deng rupert murdoch

Sherwood Ross: Rupert Murdoch’s TNTW was only attempting to do in a small way what the governments of the U.S., U.K., Canada, Australia, and New Zealand are doing big time every day.

The Murdoch Implosion

fox-news

Tom Degan: I have been desperately trying to write a poem about the train wreck that Rupert Murdoch’s life has become but I’ve run into a brick wall. Could somebody give me a word that rhymes with schadenfreude?

ACLU Lawsuit Over Homeless Veterans Exposes VA Scandal

mark rosenbaum

Jeff Norman: There has to be some reason – and probably not a good one – that the VA has been making secret land use deals with private enterprises.

Don’t Resign; Shame the Shamers, Congressman Weiner

anthony weiner republican

Jules Siegel: This totally lame scandal is about on the level of getting caught jerking off while looking in the mirror. Like who cares? No body fluids were exchanged. It’s thought crime.

Foreclosure Contractors Face New Scrutiny From States

foreclosure-wide

Marian Wang: Prosecutors in California and Illinois have sent subpoenas to Lender Processing Services, one of the largest firms that processed mortgage documents for the banks.

Foreclosure Paperwork Scandal

Marian Wang: Though foreclosures continue to speed through courts in some states, in recent months some judges have increasingly questioned banks bringing foreclosure cases in court, forcing them to prove their legal standing to foreclose.

Wikileaks and Public Key Diplomacy

enigma machine

Jonathan David Farley: What’s surprising about the U.S. State Department/WikiLeaks scandal is that there is a scandal. As a friend reminded me, these days it’s really quite easy to make sure no one can read your messages, unless you want them to.

What Is a Wrongful Foreclosure?

foreclosure

Marian Wang: The issue at the center of the foreclosure scandal isn’t the use of robo-signers and shortcuts in paperwork: It’s whether the banks’ mistakes and lack of due diligence caused people to face wrongful foreclosures.

Ahead of Congressional Hearings, Robo-Signer Scrutiny Spreads

bryan bly depostion

Marian Wang: Several recent reports about robo-signers have brought fresh attention to another angle of the foreclosure scandal: Robo-signing didn’t just occur in the foreclosure process. It also occurred in the processing of mortgage assignments.

Glenn Beck on Woolsey, Harman and Winograd

Glenn Beck weighs in on the congressional race in California against Marcy Winograd and Jane Harman

Is Sarah Palin a Quitter?

While fishing in Alaska, Sarah Palin answers accusations that she is a quitter. Palin says running for president is not off the table.

Returning to the Rule of Law: Bogus Republican Complaints about AIG Bailout

Sen. Jeff Sessions (R-AL), Sen. John Ensign (R-NV) and Sen. Pat Roberts (R-KS).

Last week, Senator Jeff Sessions (R-AL) weighed in to express his outrage at the lack of government control which led to the AIG bailout scandal. This isn’t the first time that Sessions has expressed outrage over wasteful spending and lack of government control. Back when the Iraq war was young, news broke that Paul Bremer […]

The Financial Meltdown: My Comrades in Journalism Are At Fault Too

Although the Senate is scheduled to vote tonight to save the financial rescue package, there is a massive amount of finger pointing about who was to blame for Monday’s failure in the House vote. Democrats blame Republicans, Republicans blame Democrats, dogs blame cats, and vice versa. Alas, my former brothers and sisters toiling in business […]

Visit us on Google+