The collapse got a temporary reprieve: Bear Stearns Cos., teetering on the brink of collapse from a lack of cash, got emergency funding from the Federal Reserve and JPMorgan Chase & Co. in the largest government bailout of a U.S. securities firm. After denying earlier this week that access to capital was at risk, Bear […]
Kurtz points out the sad part of the whole Spitzer (or swallows) sting bust: If ABC’s account is accurate, the whole case is sort of anti-climactic. The feds start out thinking they have the New York governor on the hook for bribery — and instead discover that he’s just skulking around with high-priced call girls. […]
The final nail in the GOP coffin this election season would be if the DOJ announced a bunch more indictments in the Abramoff scandal. We know this is not about to happen, but this little bit of information gives us insight into the possibility that they will becoming after elections: Jack Abramoff, the lobbying scandal […]
The decision by the Department of Homeland Security to cut anti-terrorism funding to the two cities attacked on 9/11 has started having major fallout. The New York Daily News has a front page article titled “Feds to city: drop dead” (h/t Raw Story) The city was stunned yesterday to find that its share of federal […]
The AP does a nice job of reminding people why Tom Delay could be facing his hardest political battle yet: WASHINGTON – Rep. Tom DeLay, whose association with lobbyist Jack Abramoff has left him politically vulnerable, is spending Texas’ primary night Tuesday at a fundraiser hosted by two Washington lobbyists. DeLay faces three opponents in […]
Watch out what you Google for because the FEDS are now interested in Google’s records. Fortunatley the company is prepared to fight in order to protect the privacy of their users. The Bush administration on Wednesday asked a federal judge to order Google to turn over a broad range of material from its closely guarded […]
As people are being rescued, the questions are pouring into the catastrophic breakdown in our government’s infrastructure to handle such a disaster as we have seen unfold this week. New Mexico Gov. Bill Richardson offered Louisiana Gov. Kathleen Blanco help from his state’s National Guard on Sunday, the day before Hurricane Katrina hit Louisiana. Blanco […]