Entries by emptywheel

The John Walsh-Liz Warren-Investors & Homeowners Cage Fight

I noted the other day that the Administration was floating a ridiculously small $20 billion Get out of Jail Free plan to excuse the banksters fort their foreclosure fraud. Apparently, the banksters think that $20 billion is just a “crazy figure” that will never be imposed. The actual homeowners affected by the banksters’ crime, however, […]

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The Business Records and Classified (?) Emails of James Risen

Jeffrey Sterling’s lawyers are throwing a number of interesting theories against the wall. In a filing demanding a bill of particulars (and presumably ultimately supporting a greymail defense),they demand to know which “defense information” is tied to each count of leaking or possessing such information, arguing that they need to know that to prevent double […]

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When Militaries Conspire to Ignore the Will of the People

The story of the day is from Michael Hastings, fresh off winning a Polk Award for his reporting on the insubordination of key members of Stanley McChrystal’s staff. In today’s story, he describes how Lieutenant General William Caldwell ordered a PsyOp unit to manipulate Senators–including John McCain, Carl Levin, Jack Reed, and Al Franken–to support […]

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Vikram Pandit’s Material Mistatements

It appears that Vikram Pandit’s failure to disclose material problems with Citibank’s valuation of its shitpile is another of the crimes we’re supposed to look forward and ignore. Jonathan Weil looks at how one of the documents disclosed in the FCIC dump–a February 14, 2008 OCC report finding that Citibank’s models for measuring the value […]

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FBI Gets Its Lone Wolf, Just in Time for PATRIOT Debate

This morning, the FBI arrested 20-year old Saudi citizen Khalid Ali-M Aldawsari on one charge of attempted use of a weapon of mass destruction. According to the FBI, Aldawsari had allegedly purchased all the ingredients to make an IED using the explosive trinitrophenol, which also known as T.N.P., or picric acid. In addition, he had […]

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Thousands of Spooky Americans Doing Who-Knows-What in Pakistan?

As I have followed the Raymond Davis saga, this passage from an early Jeremy Scahill story on the CIA/JSOC/Blackwater programs operating in Pakistan, has haunted me. The Blackwater operatives also assist in gathering intelligence and help direct a secret US military drone bombing campaign that runs parallel to the well-documented CIA predator strikes, according to […]

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HAMP II: The $20 Billion Get Out of Jail Free Card

A day after the Case-Shiller Index confirmed that the housing market is in a double dip, the Powers that Be (a subsidiary of the Masters of the Universe, currently CEOed by one Barack Obama) have floated their proposal for a mortgage fraud settlement. The settlement terms remain fluid, people familiar with the matter cautioned, and […]

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Obama DOJ Stops Defending Defense of Marriage Act

Finally, some good news from DOJ: Eric Holder has just announced the government will stop defending DOMA. In the two years since this Administration took office, the Department of Justice has defended Section 3 of the Defense of Marriage Act on several occasions in federal court. Each of those cases evaluating Section 3 was considered […]

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A Tale of Three WikiLeak Stories

The NYT has gotten a lot of press for this story, detailing that Qaddafi’s son, Mutassim al-Qadhafi, paid $1 million to have Mariah Carey to sing four songs at his New Year’s Day party in St. Barts, and, the following year, another $1 million to have Beyonce and Usher sing. While it affords the NYT […]

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Rummy Lawyers Up … To Defend Ordering Death Threats?

Josh Gerstein reports that the government has withdrawn from defending Donald Rumsfeld and others in the Jose Padilla suit Judge Richard Mark Gergel dismissed the other day. (h/t MD) The Justice Department under President Barack Obama has quietly dropped its legal representation of more than a dozen Bush-era Pentagon and administration officials – including former […]

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