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House Passes Major Financial Regulation Bill

Dec 12, 2009
In what is being hailed as the biggest bid to change financial regulation since Franklin Delano Roosevelt's New Deal, the House of Representatives on Friday passed the Wall Street Reform and Consumer Protection Act of 2009. In a press conference after the vote, House Speaker Nancy Pelosi proclaimed, "We are sending a clear message to Wall Street: The party is over."In what is being hailed as the biggest bid to change financial regulation since FDR's New Deal, the House on Friday passed the Wall Street Reform and Consumer Protection Act of 2009.

Obama Aims to Improve America’s Interrogation Record

Aug 25, 2009
Monday saw more than one move on the part of Team Obama to deal with U.S. intelligence agencies' treatment of terror suspects: In addition to Attorney General Eric Holder's bid to take a second look into certain CIA-related cases from years past, President Obama has approved the formation of an integrated interrogation central command called the High-Value Detainee Interrogation Group.

Thievery Under the TARP

Apr 22, 2009
We are being robbed big-time, but you can’t say we haven’t been warned. Not after the release Tuesday of a scathing report by the Treasury Department’s special inspector general, who charged that the aptly named Troubled Asset Relief Program is rife with mismanagement and potential for fraud.

Armitage on Torture, ‘AWOL’ Congress

Apr 18, 2009
Now that the Department of Justice has released the latest stunning Bush-era torture memos, this Al-Jazeera English interview with former Deputy Secretary of State Richard Armitage, in which he admits that the Bush administration flouted the Geneva Conventions and that he probably should have resigned, is even more alarming.

We’re Paying Congress for This?

Mar 28, 2009
Congress’ work has often offered us transparency and has usually led to useful, progressive legislation. And now comes Financial Services Committee Chairman Barney Frank’s choreographed extravaganza in the House of Representatives, supported by an echoing committee, with sound bites worthy of a night in the Borscht Belt.

Lessons of the Exxon Valdez

Mar 25, 2009
Twenty years ago, the Exxon Valdez supertanker spilled at least 11 million gallons of oil into Alaska's pristine Prince William Sound. The consequences of the spill were epic and continue to this day, impacting the environment and the economy.

Sex Scandal Calls CIA’s Self-Policing Into Question

Mar 20, 2009
A CIA sex scandal, or, more precisely, allegations that a CIA agent raped two Algerian women, has raised questions in Congress about how the agency polices itself. Oddly, discussions of the controversy have failed to emphasize another significant "oops" moment in CIA operations regarding corruption and the need for oversight: torture.