NewsTrust - Bush Legacy - Most Recent Stories: News (Mainstream)

How Paulson Gave Hedge Funds Advance Word -

Tue, 29 Nov 2011 00:00:00 -0800

Bloomberg - By Richard Teitelbaum - Nov. 29 (News Report) - Treasury Secretary Henry Paulson on July 21, 2008 gave 'inside information' to a hall full of Fund managers. "The managers attending the meeting were thus given a choice opportunity to trade on that information. " Paulson, Bush, McCain, Obama, Bernanke, Dodd, Frank are all criminals in causing and exploiting the banking crisis. All should be in prison.

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Pelosi and Reid at odds with Obama over trade

Mon, 26 Sep 2011 00:00:00 -0700

The Hill - By Vicki Needham - Sep. 26 (News Analysis) - "I think if you asked people in Nevada: Boy, hasn't NAFTA helped us a lot, they would just sneer and walk away," he said in his floor speech. "We keep talking about free-trade agreements, but where is the fair part of those trade agreements?

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Meltdown: The Men Who Crashed the World

Sat, 24 Sep 2011 00:00:00 -0700

Aljazeera - Sep. 24 (Special Report) - In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne. The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929. But how did it all go so wrong?

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Is the SEC Covering Up Wall Street Crimes?

Wed, 17 Aug 2011 00:00:00 -0700

Rolling Stone - By Matt Taibbi - Aug. 17 (Investigative Report) - Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after

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Fact checking a claim on tax breaks

Fri, 01 Jul 2011 00:00:00 -0700

The Politico - By Abby Phillip - Jul. 01 (Research) - President Obama used oil barons and corporate jet owners to anchor his opposition to Republicans' demands on taxes in his press conference on Wednesday. His indictment against corporate jet owners in particular was repeated so often, six times, that it certainly rankled Republicans who saw it as a clear case of class warfare.

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Iraq hunting $17 billion missing after U.S. invasion

Sun, 19 Jun 2011 00:00:00 -0700

Reuters - By Waleed Ibrahim - Jun. 19 (Breaking News) - Iraq's parliament is chasing about $17 billion of Iraqi oil money it says was stolen after the 2003 U.S.-led invasion and has asked the United Nations for help to track it down.

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Ex-Spy Alleges Bush White House Sought to Discredit Critic

Thu, 16 Jun 2011 00:00:00 -0700

New York Times - By James Risen - Jun. 16 (News) - A former senior C.I.A. official says that officials in the Bush White House sought damaging personal information on a prominent American critic of the Iraq war in order to discredit him.

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Missing Iraq money may have been stolen, auditors say

Mon, 13 Jun 2011 00:00:00 -0700

Los Angeles Times - By Paul Richter - Jun. 13 (News) - U.S. Defense officials still cannot say what happened to $6.6 billion, sent by the planeload in cash and intended for Iraq's reconstruction after the start of the war.

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Iraq's abandoned children

Tue, 10 May 2011 00:00:00 -0700

Aljazeera - By Jane Arraf - May. 10 (Special Report) - there are just four small orphanages in the capital, Baghdad - none of them filled to capacity. The Iraqi government says that relatives would rather abandon children they are unable to take care of than bear the shame of bringing them to an orphanage.

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Osama bin Laden mission agreed in secret 10 years ago by US and Pakistan

Mon, 09 May 2011 00:00:00 -0700

The Guardian - By Declan Walsh - May. 09 (News Report) - The US and Pakistan struck a secret deal almost a decade ago permitting a US operation against Osama bin Laden on Pakistani soil similar to last week's raid that killed the al-Qaida leader, the Guardian has learned.

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Blackwater’s New Ethics Chief: John Ashcroft

Wed, 04 May 2011 10:27:03 -0700

Wired - By Spencer Ackerman - May. 04 (News Report) - The consortium in charge of restructuring the world’s most infamous private security firm just added a new chief in charge of keeping the company on the straight and narrow. Yes, John Ashcroft, the former attorney general, is now an “independent director” of Xe Services, formerly known as Blackwater.

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Bin Laden Raid Revives Debate on Value of Torture

Wed, 04 May 2011 00:00:00 -0700

New York Times - By Scott Shane, Charlie Savage - May. 04 (News Report) - The raid that led to Bin Laden’s death has raised anew the issue of using torture to gain intelligence.

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Despite openness pledge, President Obama pursues leakers

Mon, 07 Mar 2011 00:00:00 -0800

The Politico - By Josh Gerstein - Mar. 07 (News Report) - The Obama administration, which famously pledged to be the most transparent in American history, is pursuing an unexpectedly aggressive legal offensive against federal workers who leak secret information to expose wrongdoing, highlight national security threats or pursue a personal agenda.

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Executives Behind Financial Crisis at Little Risk of Jail Time

Sun, 27 Feb 2011 00:00:00 -0800

New York Times - By Joe Nocera - Feb. 27 (News Report) - Most of the other Wall Street bigwigs whose firms took unconscionable risks — risks that nearly brought the global financial system to its knees — aren’t even on Justice’s radar screen. Nor has there been a single indictment against any top executive at a subprime lender.

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Claims of Iraq WMD were 'pure lies'

Tue, 15 Feb 2011 00:00:00 -0800

Aljazeera - By Barnaby Phillips - Feb. 15 (News Report) - Man who claimed that Iraq had WMD prior to the 2003 US invasion has admitted that he fabricated lies.

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Reagan Celebration Hides Brutal History

Sun, 06 Feb 2011 00:00:00 -0800

Associated Press - Feb. 06 (News Analysis) - Wilkerson and Parry on Reagan centenary: Many of today's catastrophes can be traced to Reagan's presidency

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EPA reverses Bush-era water safety standards, will regulate contaminants

Thu, 03 Feb 2011 00:00:00 -0800

Washington Post - By Brian Vastag - Feb. 03 (News Report) - The Environmental Protection Agency reversed Bush administration drinking water policies Wednesday, announcing that it will regulate perchlorate, a component of rocket fuel, and 16 other chemicals - called volatile organic compounds - that can cause cancer at high enough doses.

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Financial Crisis Was Avoidable, Inquiry Finds

Wed, 26 Jan 2011 00:00:00 -0800

New York Times - By Sewell Chan - Jan. 26 (News Report) - The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry.

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How Congress helped thwart Obama's plan to close Guantanamo

Sat, 22 Jan 2011 00:00:00 -0800

McClatchy - By Carol Rosenburg - Jan. 22 (News Report) - Two years after the newly minted Obama administration moved to undo what had become one of the most controversial legacies of the George W. Bush presidency by ordering the closure of the prison camps at Guantanamo Bay, Cuba, a trove of State Department documents made public by the website WikiLeaks is providing new information about why that effort failed.

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The Rise of the New Global Elite

Fri, 14 Jan 2011 00:00:00 -0800

Atlantic Monthly - By Chrystia Freeland - Jan. 14 (News Analysis) - If you happened to be watching NBC on the first Sunday morning in August last summer, you would have seen something curious. There, on the set of Meet the Press, the host, David Gregory, was interviewing a guest who made a forceful case that the U.S. economy had become “very distorted.” In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a “significant recovery”; the rest of the economy, by contrast—including small businesses and “a very significant amount of the labor force”—was stuck and still struggling. What we were seeing, he argued, was not a single economy at all, but rather “fundamentally two separate types of economy,” increasingly distinct and divergent. This diagnosis, though alarming, was hardly unique: drawing attention to the divide between the wealthy and everyone else has long been standard fare on the left. (The idea of “two Americas” was a central theme of John Edwards’s 2004 and 2008 presidential runs.) What made the argument striking in this instance was that it was being offered by none other than the former five-term Federal Reserve Chairman Alan Greenspan: iconic libertarian, preeminent defender of the free market, and (at least until recently) the nation’s foremost devotee of Ayn Rand. When the high priest of capitalism himself is declaring the growth in economic inequality a national crisis, something has gone very, very wrong.

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Bush Tax-Cut Deal With Jobless Aid Said to Be Near

Mon, 06 Dec 2010 00:00:00 -0800

New York Times - By David M. Herszenhorn, Carl Hulse - Dec. 06 (News) - White House officials and Congressional Republicans said Sunday they were closing in on a deal to temporarily continue the Bush-era tax cuts at all income levels, while bitterly frustrated Democratic Congressional leaders began exploring whether they would have the votes for such a package.

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Now it's all or nothing on tax cuts

Sat, 04 Dec 2010 00:00:00 -0800

The Politico - By Carrie Budoff Brown, Shira Toeplitz - Dec. 04 (News Report) - Democrats failed to break a Republican filibuster Saturday of two measures that would have ended Bush-era tax cuts for the wealthiest Americans, forcing both parties back to the negotiating table if they want to avert a tax hike next year for most Americans.

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Senate Republicans Block Democrats Middle Class Tax Cut Plan

Sat, 04 Dec 2010 00:00:00 -0800

Politics Daily - By Patricia Murphy - Dec. 04 (News) - Republican senators led a filibuster Saturday to block consideration of two Democratic proposals to permanently extend the expiring Bush tax cuts for all but the highest earners.

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Senate Republicans Threaten Tax Dispute Blockade

Thu, 02 Dec 2010 00:00:00 -0800

New York Times - By David M. Herszenhorn - Dec. 02 (News Report) - Not even 24 hours after President Obama met with senior Republican Congressional leaders and expressed hopes for a “new dialogue,” renewed partisan fury engulfed the Senate on Wednesday, as Republicans threatened to block any legislation until a deal is reached to extend the expiring Bush-era tax cuts, potentially derailing the Democrats’ busy end-of-year agenda.

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Delaying Vote, Debt Panel Splits on Taxes and Spending

Wed, 01 Dec 2010 00:00:00 -0800

New York Times - By Jackie Calmes, Peter Baker - Dec. 01 (News Report) - The chairmen of President Obama’s debt-reduction commission have been unable to win support from any of the panel’s elected officials for their proposed spending cuts and tax increases, underscoring the reluctance of both parties to risk short-term political backlash in pursuit of the nation’s long-term fiscal health.

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