30 Jun 2011

Will Cyrus Vance Turn His Head & Walk Away From DSK?

The case against DSK, Dominique Strauss-Kahn, is disintegrating at the seams. It never seemed to be quite the closed case it was portrayed as, and now we are left to ask what lies beneath the messy and complicated incident.

30 Jun 2011

Gul Rahman and Manadel al-Jamadi Investigations: The New Information

In his announcement that John Durham is investigating the deaths by torture of two CIA detainee, Eric Holder suggested that John Durham reviewed information that had not been reviewed by the prosecutors who had earlier declined to prosecute the cases. That review included both information and matters that had never

30 Jun 2011

Betting for the Little People: Timmeh Geithner Departure Watch

Apparently, Timmeh Geithner has told Obama that he may leave after a budget deal, citing family considerations. I’d be singing “ding dong the wicked witch” if I didn’t know that his replacement will almost certainly be even worse. But while we wait on his departure, I thought I’d offer the

30 Jun 2011

Two Dead Detainees May Get Justice. The Other 99 Will Not.

Eric Holder just released an announcement revealing that John Durham has recommended criminal investigation of two detainees tortured to death. But cases of the remaining 99 detainees whose treatment Durham investigated will be dismissed. On January 2, 2008, Attorney General Michael Mukasey appointed Assistant United States Attorney John Durham of

30 Jun 2011

Bahraini Riot Police Attacks Citizens on Day After Human Rights Inquiry Announced

Yesterday, Bahrain’s King Hamad bin Isa al-Khalifa announced a human rights inquiry into crackdowns on protestors. Human rights violations would not be tolerated, he claimed. King Hamad bin Isa al-Khalifa announced the move in a speech at an extraordinary Cabinet meeting Wednesday, saying such violations would not be tolerated, BNA

30 Jun 2011

Bank of America Offers to Pay $8.5 Billion to Stay in Business

DDay and Masaccio and Yves Smith have already covered Bank of America’s offer to pay 2 to 3 cents on the dollar to make good on its securitization misrepresentations. But I wanted to point out one issue of timing. In her coverage of it, Yves notes the following: So with

29 Jun 2011

US Refusing to Let Truth-Tellers Visit Country Again

The lawyer representing the innocent victims of drone strikes in Pakistan just got denied a visa to speak at Columbia Law. (h/t curiouser_georg) I am a Pakistani lawyer who is suing the CIA for killing innocent civilians through drone strikes in my home country. This month, the US state department

29 Jun 2011

The Fed Gives JP Morgan Chase Another Multi-Billion Dollar Bailout

Remember that swipe fee measure that passed the Senate twice? It lowered the amount credit card companies can charge merchants to $.12 a transaction. It was a stunning victory that retailers (which admittedly includes WalMart but also includes your locally owned business struggling to stay in business) won that battle

29 Jun 2011

Defending the Corporate “Freedom to Relocate”

I wasn’t entirely fair when I quipped on Twitter that, if Obama asserts that “as a general proposition, companies need to have the freedom to relocate,” then shouldn’t people, too, be able to flout laws–like mortgage contract laws or immigration laws–to assert their “freedom to relocate.” Obama does say that

29 Jun 2011

More Evil in One Wyoming House than Dick Cheney?

In Nicholas Shaxson’s book, Treasure Islands, he traces out a network of offshore locations, like Cayman Islands, where corporations and crooks hide their cash. But he also noted that the incorporation laws in various US states allows those same corporations and crooks to hide money right inside the United States.