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Showing posts with the label scandals

Tim Geithner's Dirty Deals

Bloomberg : Representative Elijah Cummings of the Oversight and Government Reform Committee called for an investigation and hearing into what information was withheld from the public at the New York Fed’s request in 2008, when Geithner led the regulator. E-mails obtained by Congress include New York Fed requests that the bailed-out insurer withhold documents from public filings and delay disclosures about payments to banks to retire credit-default swaps, Bloomberg News reported yesterday. “It is essential to know what knowledge or involvement now-Secretary of the Treasury Geithner had in the decisions made by New York Fed officials to exclude information” from AIG’s regulatory filings, Cummings wrote yesterday to committee Chairman Edolphus Towns, a New York Democrat. It is “critical” that Geithner testify before Congress, Cummings wrote. The demand adds to pressure on Geithner to justify his handling of New York-based AIG’s bailout, which was $85 billion when he helped orchestrate the...

Republican Scandals of the Decade & The Village Explained

Marc Ambinder has a poll at the Atlantic asking readers, "What is the best (or worst) Republican political scandal of the decade?" His choices are as follows: Sen. Larry Craig's airport rendezvous, Abramoff investigation, Sanford off to Argentina, Rep. Mark Foley's dirty little IM's... I can't think of a better way to explain the Village to anyone unfamiliar with the concept and term. Jamison Foster : Not mentioned? The Bush administration lying its way into a war of choice, listening in on the phone conversations of Americans, torture, Abu Ghraib, putting an unqualified crony in charge of FEMA, the US Attorneys firing, outing a CIA operative to get back at her husband, etc. I don't think Ambinder is unique in his view of what constitutes a major political scandal, not by any stretch of the imagination. But when the political/media elite come to view the possibility that Larry Craig tried to pick up a guy in an airport as more scandalous than Abu Ghraib...