Entries by emptywheel

JP MorganThe Banks Forces Chrysler into Bankruptcy

The UAW was willing to negotiate, but the banksters weren’t. So Chrysler will now enter bankruptcy.

The Obama administration will announce at noon today that it will take Chrysler LLC into a historic bankruptcy to force a cut in debt key to a partnership with Fiat S.p.A. after three firms refused a sweetened offer.

With the UAW late Wednesday ratifying cost cuts in its contract and cuts in the money due its retiree

Obama on Torture

You and I are not the audience for Obama’s answer to this question. The audience for this answer is those who idolize Churchill, conservatives who place national security above all. The audience for this answer is a group of Republicans who can be persuaded on this point.

Ultimately, though, to the question “Did the Bush Administration sanction torture,” is, “Whatever legal rationales were used, it was a mistake.”

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