Richard Cummings

Goldman Sachs Record Bonuses: Where’s the Investigation?

Goldman Sachs is on pace to make record bonus payouts after a robust first half, the Guardian newspaper reported on Sunday.
Goldman staff in London were briefed on the outlook and told they could look forward to the bonus hikes if the company registers, as predicted, its most profitable year ever, the report said.
The surge in [...]

Meet Lloyd Blankfein

The Wall Street Journal has disclosed that Lloyd Blankfein was present at the meetings with Tim Geithner and Hank Paulson when the decision was made to bail out AIG, which had sold credit default swaps to Goldman Sachs on which AIG was unable to make good.  Goldman’s stock had plummeted [...]

Where Did the Money Go?

Fed Chairman Ben Bernanke has resisted calls from Congress that he release the names of the banks that were recipients of the bailout money the Fed gave to AIG to prevent it from collapsing. AIG insured its counterparties against losses from mortgage backed derivatives. The Fed poured $85 billion into AIG, which paid out $37.3 [...]

obama_contempt

What Obama Is Up Against

What Obama Is Up Against

The first anniversary of Barack Obama’s historic election finds many of his supporters already grousing. Fair enough: Obama has been more vigorous in some areas than others. But one essential question goes unasked: How much can any president accomplish against the wishes of recalcitrant power centers within his own government?
We Americans harbor a quaint belief [...]

Behind Clinton Backer’s Arrest:  a Bipartisan, International Affair

Behind Clinton Backer’s Arrest:
a Bipartisan, International Affair

AP Photo/ Louis Lanzano

WhoWhatWhy.com reports exclusively on the background of Hassan Nemazee, the top Hillary Clinton fundraiser who was arrested and charged with forging loan documents. Early media accounts cast the event as an embarrassment for Ms. Clinton and the Democratic Party involving the financial misdoings of one prominent backer. Actually it is much [...]

Hillary’s Bush Connection

Hillary’s Bush Connection

Research support for this story was provided by the Investigative Fund of The Nation Institute. Published in conjunction with The Nation.
IN THE CLINTONS’ PURSUIT OF POWER, there is no such thing as a strange bedfellow. One recently exposed inamorata was Norman Hsu, the mysterious businessman from Hong Kong who brought in $850,000 to Hillary Clinton’s campaign [...]

CIA Helped Bush Senior In Oil Venture

CIA Helped Bush Senior In Oil Venture

A Real News exclusive, first published on The Huffington Post
Bush has long denied allegations that he had connections to the intelligence community prior to 1976, when he became Central Intelligence Agency director under President Gerald Ford. At the time, he described his appointment as a ‘real shocker.’
But the freshly uncovered memos contend that Bush maintained a close [...]

25 Democratic Consultants

25 Democratic Consultants

Jack Quinn served as Vice President Gore’s Chief of Staff, and later as Counsel to President Clinton. Now he is a partner in a political consulting and lobbying firm with a close friend of Tom DeLay, and together, they have represented clients who want to drill in fragile areas of Alaska, put the screws to [...]

Unholy Trinity: Katrina, Allbaugh and Brown

Unholy Trinity: Katrina, Allbaugh and Brown

Days after Louisiana’s governor declared a state of emergency and the National Hurricane Center warned the White House that Hurricane Katrina could top the New Orleans levee system, the only FEMA official actually in New Orleans itself – Marty J. Bahamonde – was not even supposed to be there. He had been sent in advance of the storm and [...]

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