Why Is Obama’s Treasury Dept. Perversely Siding With Big Banks Against Elizabeth Warren and the State AGs?

by Les Leopold, AlterNet American families are fortunate to have Elizabeth Warren on their side, along with the 50 state attorney generals who are demanding reparations from the nation’s largest banks. Warren, who is the temporary head of the Consumer Financial Protection Bureau (a quasi independent agency housed in the not-so-friendly Treasury Department) and these [...]

Wachovia Paid Trivial Fine for Nearly $400 Billion in Drug Related Money Laundering – Moving 22 Tons of Cocaine

from Naked Capitalism If this news story does not prove that banks are effectively above the law, I don’t know what does. The Guardian, in an account yet to be picked up anywhere in the US media (per Google News as of this posting, hat tip readers May S and Swedish Lex) reports that Wachovia [...]

Salaries for Florida’s child care officials are out of control, lawmakers say

by Sally Kestin, Sun Sentinal Florida’s privatization of child welfare services was supposed to be good for kids and taxpayers. But in the decade since the state began making private agencies responsible for the care of abused and neglected children, one cost has soared — the salaries of top employees. Child welfare executives throughout Florida [...]

The Military’s Secret Shame

by Jessie Ellison, Newsweek Greg Jeloudov was 35 and new to America when he decided to join the Army. Like most soldiers, he was driven by both patriotism for his adopted homeland and the pragmatic notion that the military could be a first step in a career that would enable him to provide for his [...]