Yves Smith has a post laying out one of the most troublesome aspects of the response to the revelation of foreclosure fraud. As she explains, to conduct an “independent review” of its PR-servicing “review” of its own servicing practices, GMAC picked the lawfirm that has been in charge of its national counsel on servicing issues. [...]

Chairman of the House Homeland Security Committee Bennie Thompson sent Transportation Security Administration Director John Pistole a letter on Friday expressing concern that the TSA did not review privacy and civil liberty concerns before implementing the new “gate rape” procedures at airports. The letter demands additional information on the pat-downs and calls on Pistole to [...]

So here’s some things to contemplate about this week in the NFL. The Jay Cutler-led Bears already won this week (it helps to play a team the week after they got cleaned out of QBs), putting them, for the moment at least, half a game ahead of the team led by Aaron Rogers and miles [...]

Finally, some good news coming out of November’s election. Debbie Stabenow has been selected to replace the outgoing Blanche Lincoln as Chair of the Senate Agriculture Committee. (There had been some concern that Big Ag would oppose someone like Stabenow and instead push Kent Conrad to take the position.) As I’ve explained before, this means [...]

DDay has a really important post that–along with a great interview with Brad Miller–includes a letter from Miller and other members of Congress, urging the Financial Stability Oversight Council to take action to prevent the foreclosure fraud problem from becoming a systemic crisis. The letter reminds the FSOC that Dodd-Frank gives them the power to [...]

Charlie Crist makes noises about freeing the soul of Jim Morrison. He should do it.

Apparently, the Jan Schakowsky’s House Subcommittee completed its investigations of all the times the CIA failed to inform the Gang of Eight about covert ops and in other ways broke the law. Apparently, that investigation found “several instances” where CIA failed for follow the law procedures. But you can’t know precisely what those violations are, [...]

When Steven Rattner published this piece on the GM IPO in HuffPo, he had not yet been sued by NY’s Attorney General for allegedly being “willing to do whatever it took to get his hands on pension fund money including paying kickbacks, orchestrating a movie deal, and funneling campaign contributions,” nor had he yet settled–with [...]

Wall Street and the Administration are hailing the GM IPO and claiming victory. General Motors Co GM.UL pulled off the biggest initial public offering in U.S. history on Wednesday, raising $20.1 billion after pricing shares at the top of the proposed range in response to huge investor demand. GM sold 478 million common shares at [...]

More like this please: “So, we tried a guy (who the Bush Admin tortured and then held at GTMO for 4-plus years with no end game whatsoever) in a federal court before a NY jury with full transparency and international legitimacy and — despite all of the legacy problems of the case (i.e., evidence getting [...]