Relevant and even prescient commentary on news, politics and the economy.

Oh, No. David Brooks Thinks Social Security and Medicare Are State- and Local-Government Programs. Or Thinks We Do. Seriously. — APPENDED (twice)

The final problem is that, in an effort to reduce the economic concentration of power, the administration is concentrating political power in Washington. If the problem is that talent is fleeing blighted localities, it’s hard to see how you make that better if decision-making and resources are concentrated faraway in the nation’s capital. This is […]

Matt Taibbi’s Rolling Stone article posted today about Mary Jo White is devastating — APPENDED*

I hadn’t read Taibbi’s reporting about a jaw-dropping series of events in 2004-05 involving White until just now, when I read his article posted today on the Rolling Stone website, summarizing them.  Call me naive–which is what I’m calling myself–but the article really shocked me.    I wonder who recommended White to Obama. White surely […]

Postscript Regarding Geithner

I’ve spent yesterday and this morning saying here that I suspect that Geithner played some role in persuading Obama himself to decide that the Justice Dept. should not do much to investigate whether there was criminal conduct by top execs at the big banks, the big investment banks, and the big mortgage companies–but also saying, […]

Lanny Breuer and Mary Jo White. Or Is It, Lanny Breuer versus Mary Jo White? Or is it neither?*

BREUER: “If you look at what we and the U.S. attorney community did, I think you have to take a step back. Over the last couple of years, we have convicted Raj Rajaratnam, one of the largest hedge fund leaders. Now, you’ll say that’s an insider trading case, but it’s clearly going after Wall Street.”* […]

Are Lanny Breuer and Eric Holder taking the hit for … Tim Geithner? UPDATED

After reading Ken Houghton’s post immediately below, and then clicking on the Twitter exchange that Ken, Dan and Yves referenced, in which the Frontline reporter, Martin Smith, said he’d received a call from the Justice Department saying that the reporter had come with an agenda and that the Obama Justice Department would not again cooperate […]

… But Also Don’t Miss Glenn Greenwald’s Piece Today on Obama’s First-Term Appalling Justice Dept. – UPDATED

The disgusting Lanny Breuer–a Clinton-era big-wig–is heavily featured in Glenn Greenwald’s article.  But of course the weak, ineffectual Eric Holder, and Obama himself, are even greater culprits on this.   A key reason why Obama’s first term was such a disappointment was that, in the worst ways, it was Bill Clinton’s third term.  Obama basically […]

O Brotherhood, Where Art Thou? (Ezra Klein versus … Me (and Others))

Oh, dear.  I like Ezra Klein. A lot.  So I’ll leave out the sarcasm–a necessity anyway, since I’ve already exhausted this week’s supply. But I do want to point out, because he’s so influential now, that Klein’s piece yesterday siding with those who thought Obama’s speech Monday should not have set forth liberal policy positions […]