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It's All Politics
10:23 am
Wed July 18, 2012

Romney's 'Crony Capitalism' Charge May Ring True For Leaders Of Both Parties

Originally published on Wed July 18, 2012 1:25 pm

Crony capitalism is a term very much in vogue because of Mitt Romney's accusations that President Obama has engaged in the practice, allegedly rewarding the business interests of political supporters with federal taxpayer dollars.

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Opinion
10:20 am
Wed July 18, 2012

Weekly Standard: Time To Get Tough With The Banks

Republican presidential candidate Mitt Romney speaks at a campaign rally at Horizontal Wireline Services July 17 in Irwin, Penn.
Win McNamee Getty Images

Irwin M. Stelzer is a contributing editor to The Weekly Standard, director of economic policy studies at the Hudson Institute, and a columnist for the Sunday Times (London).

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Opinion
10:20 am
Wed July 18, 2012

The New Republic: Where's The Outrage Over LIBOR?

The Canary Wharf headquarters of Barclays Bank, who have been more than $450 for manipulating the LIBOR inter-bank lending rate, on June 28 in London, England. British Prime Minister David Cameron has said the bank's management has 'serious questions' to answer regarding their practices.
Oli Scarff Getty Images

Noam Scheiber is a senior editor at The New Republic.

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Opinion
10:19 am
Wed July 18, 2012

The Nation: Can LIBOR Force U.S. Banking Reform?

Federal Reserve Board Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill July 17 in Washington, D.C.
Chip Somodevilla Getty Images

John Nichols is a Washington correspondent at The Nation.

As lies go, none is greater than the one that suggests banks are capable of "self-regulation."

Given authority over their own affairs, through fantasies such as "self-reporting," CEOs, CFOs and COOs who travel in limousines, wear very expensive suits and give to all the right charities will do what comes naturally to them: lie.

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The Two-Way
9:46 am
Wed July 18, 2012

Heir To Billions Charged With Preventing Wife's Burial, Not Murder

Hans Kristian Rausing as he arrived at court earlier today.
Facundo Arrizabalaga EPA /Landov

Though he had been arrested on suspicion of murder, the son of a Swedish billionaire has only been charged with "preventing the lawful and decent burial of the body of his wife," The Guardian reports.

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