by Zach Carter | Apr 20, 2010 | Blog
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 fraud, regulators failed to stop it, and many of the...
by Sara Robinson | Apr 20, 2010 | Blog
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, just ask the Tea Party. They've had a rough couple of weeks. To summarize just some of the ongoing catastrophe: *...
by Zach Carter | Apr 20, 2010 | Blog
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 the transactions were totally meaningless, but engaged in them to...
by Zach Carter | Apr 20, 2010 | Blog
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 hatchet-woman. The post is here. It's an open assault on the very idea of consumer...
by Isaiah J. Poole | Apr 20, 2010 | Blog
Next week, fiscal conservatives in both parties will be dominating the airwaves even more than they have been with their calls for a style of "fiscal discipline" that is designed to impose pain on those who are least capable of bearing it—the elderly, the poor, the...
by Alan Jenkins | Apr 20, 2010 | Blog
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 wing and President Obama’s choice is likely to be of a similar stripe....
