Entries by emptywheel

Fines and “Resolving this Mess”

Yves does a thorough smackdown on the departing Michael Barr’s description of all the things the government is going to get to the bottom of the foreclosure fraud problem, noting that the foreclosure task force simply isn’t investigating the problem in enough detail to understand, much less solve, the problem. But I wanted to look […]

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FSOC’s 15 Minutes to Save the World

As I noted, the Financial Stability Oversight Council is meeting today. As announced, they discussed foreclosure fraud and securitization. For less than 15 minutes. And then they moved on, without once raising the issue of whether or not the banks’ exposure due to securitization problems posed a systemic risk to our financial system. As the […]

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Did Just 170,000 Passengers Get Groped by Strangers Last Week? Or a Million?

You know how I mocked the White House for dismissing the problem of gate rape by saying only 170,000 passengers had had their genitalia groped by a stranger working for the government? I noted that their pushback was potentially inconsistent. According to “administration officials,” just half of one percent of all passengers–or about 170,000–get their […]

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Michael Barr–Liaison on Foreclosure Fraud Investigation–Leaves Treasury

Just one week ago, Iowa’s Attorney General Tom Miller told Chris Dodd that Assistant Secretary of the Treasury for Financial Institutions Michael Barr was the key person from Treasury working with the Attorneys General investigation into foreclosure fraud. Miller: We haven’t had any contact with the [Financial Stability Oversight Council]. We have had repeated contact […]

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White House: Only 170,000 People Have Had Genitalia Groped by Complete Stranger in Last Week

The White House has started a pushback campaign on gate rape that is reminiscent of “Recovery Summer” or “Mission Accomplished” for its credibility. It consists of a number of things, in addition to the inevitable army of talking-point-people using the word “enhanced” the same way Cheney did. First, there are statistics. Such as their claim […]

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John Pistole Ignored DHS Advice to Warn about Gate Rape

Apparently, John Pistole not only promised to Congress–but failed to deliver–public education about why gate rape was necessary. But he ignored advice from DHS to provide a public explanation in advance, too. In an hour-long discussion with reporters, Pistole said media officials at the Department of Homeland Security had urged him to “get out ahead” […]

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How Ireland Is Like AIG

This summarizes everything I’ve been hearing about the forced bailout of Ireland over the weekend. The pressure for a bailout of Ireland did not come from Ireland itself—it came from Eurozone officials. If anything, Irish Finance Minister Brian Lehnihan’s announcement over the weekend that Ireland would seek a bailout was a concession to its European […]

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John Pistole Wants Us to Be Afraid of His Shadow

I’m working on a longer post on John Pistole, the head of Transportation Security Administration who ordered the TSA to touch your junk. But in the meantime I wanted to point out something appalling about his recent testimony to the Senate Commerce Committee. In it, he says the following to justify expanding the use of […]

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House Committee on Homeland Security Expressed Concerns about “Gate Rape” on September 22

Chairman of the House Homeland Security Committee Bennie Thompson sent Transportation Security Administration Director John Pistole a letter on Friday expressing concern that the TSA did not review privacy and civil liberty concerns before implementing the new “gate rape” procedures at airports. The letter demands additional information on the pat-downs and calls on Pistole to […]

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