As oil continues to gush into the Gulf, I’ve been haunted by the statement Halliburton put out about the Deepwater Horizon spill. Here’s the statement, dated April 30, in its entirety. Halliburton (NYSE: HAL) confirmed today its continued support of, and cooperation with, the ongoing investigations into the Deepwater Horizon drilling rig incident in the [...]

The one constant theme underlying all the elements that could have and/or did lead to the BP Gulf oil spill is the mendacious corporate servitude of the Republican party, their leaders and policies. The arrogance and recklessness of BP and its oily partners gestated wildly under the Bush/Cheney administration and little is changing significantly under Obama.

Jeremy Scahill reports on a recording that was liberated from a recent Erik Prince talk in which Prince talks about all the great roles he thinks Blackwater should play in protecting Big Oil. Mind you, he didn’t call it Big Oil. But he proposed sending Blackwater to a number of countries to (seemingly) counteract Iran’s [...]

Hopefully, you’ve already seem Ryan Grim’s explosive report on how, in 2004, Alan Greenspan argued the Fed should keep worries about a growing housing bubble secret because the chumps buying the houses were too stupid to engage in a debate about whether there was a bubble or not. As top Federal Reserve officials debated whether [...]

If ever there were a doubt that John Yoo was not just a craven lackey for David Addington, but also a stupid political hack, his op-ed today puts that doubt to rest. After whining about how mean the Senate Judiciary Committee was to Robert Bork and Clarence Thomas and John Roberts (!) and Sam Alito, [...]

As you’ve no doubt heard, BP’s own liability for the damages the Deepwater Horizon spill will cause may be limited to $75 million (though it will have to pay for cleanup). The federal government has a large rainy day fund on hand to help mitigate the expanding damage on the Gulf Coast, generated by a [...]

Perhaps the most stunning part of the Goldman Sachs hearing the other day came at the end of the hearing, after most of the press had left for dinner. Carl Levin challenged Lloyd Blankfein on something he had said to staffers. Blankfein claimed that he “never thought” of the fact that AAA ratings were important [...]