Posted by: cousindampier | 28 November 2011

Two Articles, Two Questions

Bloomberg News – ‘Secret Fed Loans Helped Banks Net $13B’

Anybody want to defend the banks at this point, especially with a judge blocking Citigroup’s settlement with the Fed?  Apparently, when the fed comes investigating, this happens (via NYT):

“a majority of the fraud and other cases that the agency brings against Wall Street firms are settled out of court, most often with a condition that the defendant does not admit that it violated the law while also promising not to deny it.”

And my brain screams something about Orwell.

Washington Post – ‘Afghans say special operations mission preceded attack’

And at what point do we just admit that we, and part of the Pakistani government, are in a war with another part of the Pakistani government?



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