The Victims in the Libor Scandal Include Local Governments and Local Taxpayers

By: Thursday July 5, 2012 1:35 pm

As we absorb the Libor banking scandal, one of the things that will drive it is a recognition of who this hurt, at whose expense Barclays and a host of other banks made profits by manipulating the benchmark lending rate. Kevin Drum argues that it’s limited to floating-rate interest note investors, traders on futures exchanges [...]

FBI Agents Raid Home of Top Staffer to Scott Walker

By: Thursday September 15, 2011 12:13 pm

Now this could get fun. Cindy Archer said in a sharply worded email message Thursday that “I have done absolutely nothing wrong” in connection with an FBI raid of her Madison home Wednesday. Archer, a former high-level administrator to Gov. Scott Walker, also repeated her assertion that she answered truthfully that she was not involved [...]

Bachmann Connects Perry/Merck Ties to “Crony Capitalism”

By: Tuesday September 13, 2011 11:40 am

Following a predictable pattern for this Republican Presidential primary, Rick Perry is taking a lot of heat from his colleagues for having the right policy on Gardasil, the vaccine for the human papilloma virus. Perry mandated the vaccinations for young girls to prevent cervical cancer. Eventually the state legislature overrode him. Social conservatives like Michele [...]

Leading Republicans Layering On Gifts for Donors and Supporters

By: Tuesday August 23, 2011 12:53 pm

One of the big themes that swept Democrats to victory in Congress in 2006 was the culture of corruption, the sewer of lobbyist favor-trading and special requests that consumed the Republican Party. That didn’t return, it just never left. In fact, today we see that the two highest-profile figures in the GOP today, arguably, have [...]

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