The Real Lehman Lesson: Break Up The Banks

Tuesday’s hearing on Lehman Brothers’ now infamous Repo 105 scam was only tangentially related to the megabank’s accounting deceptions and subsequent collapse. That story is simple: Lehman almost certainly committed […]
Zach Carter

Tough Times for the Tea Party?

We are a fickle people, ruled by a fickle media. It’s astonishing how much national opinion can change in just a week or two. And if you don’t believe me, […]
Sara Robinson

Liveblogging The Lehman Brothers Hearing

11:05 Rep. Anna Eshoo is laying out the case against Lehman. The company engineered a host of sham transactions to temporarily reduce the company’s massive leverage levels. Top-level management knew […]
Zach Carter

‘The Hill’ Goes to Bat for Payday Lenders

The Hill published a truly outrageous op-ed yesterday by a payday lending front group, and didn’t bother to tell their readers their publication was providing a platform for a predatory […]
Zach Carter

The Case for a Constitutional Visionary

The conventional wisdom is that President Obama’s nominee to replace retiring Justice John Paul Stevens won’t change the Supreme Court much, since Justice Stevens is part of the Court’s progressive […]
Alan Jenkins