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Politics: News about Politics in America and the World

Politics: News about Politics in America and the World
Thank You, Rolling Stone | BLOG ENTRY Today is my last day at Rolling Stone. As of this week, I’m leaving to work for First Look Media, the new organization that’s already home to reporters like Glenn Greenwald, Jeremy Scahill and Laura Poitras. I’ll have... February 20, 2014 10:35 AM ET Ex-Morgan Stanley Chief Jams Foot in Mouth, Complains of CEO Abuse | BLOG ENTRY There's a ton of interesting stuff going on in the Wall Street sphere of late – I'm trying to find some time to do a proper write-up of the extraordinary lawsuit just filed by the Better Markets... February 13, 2014 5:30 PM ET The Vampire Squid Strikes Again: The Mega Banks' Most Devious Scam Yet | ARTICLE Call it the loophole that destroyed the world. It's 1999, the tail end of the Clinton years. Democrats Must Stop Ted Cruz's Hollywood Ending | BLOG ENTRY Having lived in the former Soviet Union for 10 years, I will forever have plastered to the back of my cerebellum the commemorative bumper sticker: "WWSD?"

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Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers [EXCLUSIVE] WASHINGTON — A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post. The five separate investigations were conducted by the Department of Housing and Urban Development’s inspector general and examined Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the sources said. The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government. The audits were completed between February and March, the sources said. The internal watchdog office at HUD referred its findings to the Department of Justice, which must now decide whether to file charges. The federal audits mark the latest fallout from the national foreclosure crisis that followed the end of a long-running housing bubble.

Chris Hedges, Columnist Chris Hedges Chris Hedges, whose column is published weekly on Truthdig, has written 11 books, including the New York Times best seller “Days of Destruction, Days of Revolt” (2012), which he co-authored with the cartoonist Joe Sacco. Some of his other books include “Death of the Liberal Class” (2010), “Empire of Illusion: The End of Literacy and the Triumph of Spectacle” (2009), “I Don’t Believe in Atheists” (2008) and the best selling “American Fascists: The Christian Right and the War on America” (2008). His book “War Is a Force That Gives Us Meaning” (2003) was a finalist for the National Book Critics Circle Award for Nonfiction. Hedges previously spent nearly two decades as a foreign correspondent in Central America, the Middle East, Africa and the Balkans.

The Most Pontifical Metaphors in Matt Taibbi’s Latest Goldman Screed In his latest takedown for Rolling Stone, "The People vs. Goldman Sachs," Matt Taibbi revisits his hate-hate relationship with Wall Street's vampire squid. Opening with the words, "They weren't murderers or anything," Taibbi spends the next 6,001 words laying out a case for why we should be seeing Lloyd Blankfein in court — if not for shafting Goldman's investors during the financial crisis, then for lying to Congress. Comparing the result of Senator Carl Levin's two-year investigation into the mortgage crisis to a financial version of Upton Sinclair's The Jungle, Taibbi circles through the now-familiar story of how Goldman found a "white elephant, flying pig and unicorn all at once" to buy their toxic assets up through the findings from Levin's report to conclude that "Goldman Sachs should stand trial." Thankfully, he's been tweaking his insult-o-matic metaphor machine with some impressive results. In which he calls Goldman fat:

AIF Partners AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million, that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families such as healthcare, employment and income security, retirement planning, affordable utilities and protection from financial abuse. We advocate for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name, and we help our members obtain discounts on a wide range of products, travel, and services. A trusted source for lifestyle tips, news and educational information, AARP produces AARP The Magazine, the world's largest circulation magazine; AARP Bulletin; www.aarp.org. AARP TV & Radio; AARP Books; and AARP en Español, a Spanish-language website addressing the interests and needs of Hispanics.

Wall Street Eyes Protection Against Euro Exit US News Page 1 of 3 | Next PageShow Entire Article Wall Street Eyes Protection Against Euro Exit The Official Paul Krugman Web Page News!! I am starting up my Princeton web site. It is at www.wws.princeton.edu/~pkrugman/ It's only partial, but eventually all files will move. I'm back! The Great American Bubble Machine The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates. Invasion of the Home Snatchers By now, most of us know the major players.

Iraq The outcast liberal cleric Details by Mohamed Amer (video edits), text by Ahmed Benchemsi* Iraqi cleric Ahmed Qabanji has a humanist reading of Islam. But his liberal views were too much to bear for his conservative brothers who ended up disowning him, and even… cheering for his arrest! A pound of flesh: how Cisco's "unmitigated gall" derailed one man's life High-tech entrepreneur Peter Adekeye's yearlong nightmare began after he dropped his wife off at the Vancouver International airport and headed downtown to The Wedgewood, a posh boutique hotel. Inside a tasteful boardroom adorned with gilt-framed mirrors, the US District Court for Northern California, San Jose division, had convened a special sitting to hear Adekeye's deposition as part of a massive antitrust action he had launched against his former employer, the computer giant Cisco Systems. An official court video camera recorded the proceedings on May 20, 2010—Adekeye affably answering questions in an elegant black suit accented with a pale blue shirt and a coral tie.

The Only Way to Save the Economy: Break Up the Giant, Insolvent Banks The Government Created the Giant Banks As MIT economics professor and former IMF chief economist Simon Johnson points out, the official White House position is that: (1) The government created the mega-giants, and they are not the product of free market competition (2) The White House needs to “regulate and oversee them”, even though it is clear that the government has no real plans to regulate or oversee the banking behemoths (3) Giant banks are good for the economy This is false … giant banks are incredibly destructive for the economy. Katha Pollitt What should we call the position that the woman who is pregnant should decide whether she keeps the pregnancy or ends it? My column on Planned Parenthood’s semi-retirement of the word “pro-choice” got a lot of responses. Pro-rights, pro-woman, pro-freedom, pro-liberty, plus some thumbs-up for pro-choice—after all, we already know what it means. Here’s a selection of e-mail responses and comments I received when I sent my column out to my usual list, but forgot to use bcc, sparking a lively discussion (and a few irate demands to be left in peace). Lindsay Beyerstein, lead writer, Sidney Hillman Foundation I’m a pragmatist.

The People vs. Goldman Sachs They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it. Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about.

Taiwanese Government Introduces Terrifying Special Forces Clone Army Taiwanese Special Forces and a select few other military units recently received updated bulletproof armor that includes a ballistic face mask that serves to protect operators from lethal headshots and to reduce fighting effectiveness of opposing forces, seemingly by causing them to immediately curl into the fetal position and cry for their mothers. Check out one of the scariest-looking armies ever after the jump. The United States has also used the ballistic mask for small teams in Iraq and Afghanistan, as well as during the drug war of the 1980s.

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