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Why Did Bank Rgulators Get Huge Bonuses, Too?

WASHINGTON — Banks weren’t the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding “superior” work even as an avalanche of risky mortgages helped create the meltdown.

The payments, detailed in payroll data released to The Associated Press under the Freedom of Information Act, are the latest evidence of the government’s false sense of security during the go-go days of the financial boom. Just as bank executives got bonuses despite taking on dangerous amounts of risk, regulators got taxpayer-funded bonuses despite missing or ignoring signs that the system was on the verge of a meltdown. Read more at the Washington Examiner: http://www.washingtonexaminer.com/politics/ap/ap-impact-govt-bank-regula…

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World

China’s Pandemic Deception

You’ve made it to December in our annus horribilis. On the menu today: sorting through CNN’s fascinating but not completely illuminating bombshell involving leaked documents from the Hubei, China Center for Disease Control and Prevention, filling in some details about the early days of the pandemic. More ... Read More
World

China’s Pandemic Deception

You’ve made it to December in our annus horribilis. On the menu today: sorting through CNN’s fascinating but not completely illuminating bombshell involving leaked documents from the Hubei, China Center for Disease Control and Prevention, filling in some details about the early days of the pandemic. More ... Read More
Politics & Policy

Cinderella Man 2

Welcome to “The Tuesday,” a weekly newsletter about politics, language, culture, and, this week, film criticism. To subscribe to “The Tuesday” and receive it in your inbox as God and John Wayne intended, please follow this link. The Mona Lisa of Hillbilly Literature The Ron Howard film Hillbilly Elegy, ... Read More
Politics & Policy

Cinderella Man 2

Welcome to “The Tuesday,” a weekly newsletter about politics, language, culture, and, this week, film criticism. To subscribe to “The Tuesday” and receive it in your inbox as God and John Wayne intended, please follow this link. The Mona Lisa of Hillbilly Literature The Ron Howard film Hillbilly Elegy, ... Read More
Culture

Our Real Systemic Problem

America’s got a problem that’s systemic in nature. This problem has less to do with individual intentions than the structure within which our intentions are formed. That structure explains a great deal about observed disparities in wealth, and other advantages, between various racial and ethnic groups. It ... Read More
Culture

Our Real Systemic Problem

America’s got a problem that’s systemic in nature. This problem has less to do with individual intentions than the structure within which our intentions are formed. That structure explains a great deal about observed disparities in wealth, and other advantages, between various racial and ethnic groups. It ... Read More