cronyism

Federal Pension Guarantor's Cozy Ties With Wall Street

By Zachary Roth
From tpmmuckraker.talkingpointsmemo.com
July 30th, 2009

tpmmuckraker.talkingpointsmemo.com — Remember the former Lehman investment banker who, after taking over the federal agency that guarantees our pension systems under President Bush, had the genius idea to ignore a host of warnings and switch the agency's investment portfolio from conservative bonds to risky stocks—just as last year's financial storm was gathering? Turns out Charles Millard and two Wall Street firms had a mutual courtship on the taxpayer's dime.

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Rick Perlstein's picture

Quote of the Day: Alphonso Jackson edition

By Rick Perlstein
February 5, 2008

Photo from freedomrider.blogspot.comFilm buffs like me can't think of the acronym that signifies the Department of Housing and Urban Development without flashing on the classic 1963 Paul Newman flick of the same name—Hud. For as long as Alphonso Jackson has been HUD's cabinet secretary, the coincidence is not merely in the spelling.

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Ex-Officials Benefit From Corporate Cleanup

From washingtonpost.com
January 15th, 2008

washingtonpost.com — In the Department of Justice, prosecutors are steering no-bid contracts worth millions to former government officials to monitor corporations accused of cheating investors and other schemes.

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Pay-to-play Politics

Deliberately and maliciously, conservatives have been dismantling the checks, balances and transparency that made our country great. From suspect campaign contributions to illegal junkets, government now serves the wealthy few, not the American people as a whole. more »

Cronyism

Cronyism is instrumental to conservative ideology. Through free market fundamentalism and tax policies that favor the wealthy, conservatives maintain income inequality and pad the pocket of their friends. more »

Alex Carter's picture

Unite Around a Common Strategy

By Alex Carter
November 27, 2007

We have to end the partisan politics around the war with al Qaeda. And we have to get serious about security at home. Let’s stop letting cronyism and corruption cripple this central task and invest the resources needed to secure our borders and our ports, to bolster our public health and first-responder capacities and to ensure that nuclear, chemical and other prime targets have adequate defense plans.

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Eric Lotke's picture

Let Iraqis Take Control

By Eric Lotke
November 27, 2007

Our soldiers rid Iraq of Saddam Hussein. The administration’s lethal incompetence and cronyism undermined any hope of a quick transition, but four years later, we’ve finally helped organize two elections and a constitution. Now Iraqis need to take control of their own destiny. A majority of Iraqis want us to begin withdrawing troops as does their new prime minister. It is time for us to go.

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