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How the Press Gave Madoff Four More Years to Steal His Billions
It’s one of the greatest and most shameful failures in the history of journalism. In the new edition of our newsletter Eamonn Fingleton traces how the Wall Street Journal was handed a precise outline of Madoff’s Ponzi scheme in 2005 and sat on it. The New York Times also passed on chances to nail Madoff. Thousands, poor as well as rich, lost their life savings in consequence. Read Fingleton on how the watchdogs of the Fourth Estate took good care to snooze in their kennels. ALSO in the new edition, Paul Craig Roberts concludes the shortest, sharpest outline of economics ever written with a brilliant essay on the economics of a full, green world. Get your new edition today by subscribing online or calling 1-800-840-3683 Contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! CounterPunch books and gear make great presents.
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Today's Stories February 23, 2009 Mike Roselle February 20 / 22, 2009 Alexander Cockburn Michael Neumann / Ismael Hossein-zadeh Paul Craig Roberts Linn Washington Jr. Saul Landau Marjorie Cohn Binoy Kampmark Dave Lindorff David Yearsley David Macaray James McEnteer Rick Salutin Wayne Clark Richard Rhames Stephen Martin Mitu Sengupta Charles R. Larson Richard Morse Lorenzo Wolff Poets' Basement Website of the Weekend February 19, 2009 Norman Finkelstein Harry Browne Robert Bryce Brian M. Downing Fred Gardner Andy Worthington Wajahat Ali Laura Carlsen Deb Reich Christopher Ketcham Website of the Day February 18, 2009 Paul Craig Roberts Mike Whitney M. Shahid Alam Patrick Cockburn Conn Hallinan Dave Lindorff Rannie Amiri Gareth Porter Eric Hobsbawm Christopher Brauchli Martha Rosenberg Website of the Day February 17, 2009 Michael Hudson Mike Whitney Ralph Nader Joanne Mariner John Ross Belén Fernández Mats Svensson David Macaray Gregory Vickrey M. Junaid Levesque-Alam Michael Dickinson Website of the Day February 16, 2009 Patrick Cockburn Oscar Guardiola-Rivera Paul Craig Roberts Uri Avnery P. Sainath Dedrick Muhammad / Michael Brown Carla Blank Patrick Irelan Dan Bacher Fidel Castro Harvey Wasserman Website of the Day February 13 - 15, 2009 Alexander Cockburn Joshua Frank Mike Whitney George Ciccariello-Maher Nikolas Kozloff Brian M. Downing Paul Craig Roberts Christopher Ketcham Ron Jacobs Dave Lindorff Alan Maass Chuck Spinney Phil Gasper Stephen Lendman Charles Thomson Kathy Sanborn Saul Landau Len Wengraf Harvey Wasserman David Macaray Tom Stephens Seth Sandronsky David Yearsley Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend February 12, 2009 P. Sainath Jean Bricmont Michael Hudson Peter Lee Dave Lindorff February 11, 2009 Neve Gordon Peter Morici Andy Worthington Marjorie Cohn Fred Gardner Niranjan Ramakrishnan Zoe Blunt Belén Fernández Martha Rosenberg Website of the Day Blues of the Day
February 10, 2009 Kathy Kelly Nikolas Kozloff Uri Avnery Michael J. Berg Russell Mokhiber Joe Bageant Gareth Porter Dave Lindorff Rannie Amiri Harvey Wasserman Niranjan Ramakrishnan Website of the Day February 9, 2009 Vicente Navarro Paul Craig Roberts Julio Sanchez / National Lawyers Guild Jonathan Cook Alana Smith Binoy Kampmark Sam Bahour Nicole Colson Ron Jacobs Website of the Day February 6-8, 2009 Alexander Cockburn Ishmael Reed James Abourezk William Blum Patrick Cockburn Henry A. Giroux Manuel Garcia, Jr. Mouin Rabbani David Yearsley Saul Landau Jules Rabin Raymond J. Lawrence Janette Habel Dave Lindorff Missy Beattie Dale Gieringer John Ross Richard Rhames Bob Wing Robert Bryce David Macaray James L. Secor Jason Flom / Norm Kent Kim Nicolini Lorenzo Wolff Poets' Basement Website of the Weekend February 5, 2009 Michael Mandel Saul Landau / Ralph Nader Robert Bryce Russell Mokhiber Sameh Habeeb / Dave Lindorff Carmelo Ruiz-Marrero George Ochenski Website of the Day February 4, 2009 Arno J. Mayer Paul Craig Roberts Patrick Cockburn Jonathan Cook Fred Gardner Stan Cox Margaret Kimberley Lawrence Velvel Dave Lindorff Doug Giebel Serge Quadruppani Website of the Day February 3, 2009 David Price Bill Moyers Kirkpatrick Sale Conn Hallinan Peter Morici George Ciccariello-Maher Muhammad Idrees Ahmad Allan Nairn Norman Solomon David Macaray Website of the Day February 2, 2009 Uri Avnery Ralph Nader Gareth Porter Paul Craig Roberts Harvey Wasserman Rannie Amiri Cal Winslow Steve Early Alan Farago Diane Farsetta January 30 / February 1, 2009 Alexander Cockburn Michael Hudson Ismael Hossein-Zadeh Dave Lindorff Saul Landau Andy Worthington Subcomandante Marcos Robert Jensen Ron Jacobs Gareth Porter Allan Nairn Laura Carlsen Rev. William E. Alberts Christopher Brauchli Jules Rabin Col. Dan Smith Missy Beattie Tom Barry J. Michael Cole Manuel Garcia, Jr. Dan Bacher David Rosen Don Monkerud Binoy Kampmark Lorenzo Wolff David Yearsley Poets' Basement January 29, 2009 Peter Linebaugh Paul Craig Roberts Riz Khan M. Reza Pirbhai Wajahat Ali Gregory Vickrey Dina Jadallah-Taschler Alison Weir Alan Farago Walter Brasch Website of the Day
January 28, 2009 Norman Finkelstein Noam Chomsky Patrick Cockburn Rob Larson George Wuerthner Allan Nairn M. Junaid Stefan Simanowitz Charles R. Larson Website of the Day January 27, 2009 Winslow T. Wheeler Yigal Bronner / Joshua Frank Jordan Flaherty Ralph Nader Rev. José M. Tirado Benjamin Dangl Russell Mokhiber Martha Rosenberg C. G. Estabrook Website of the Day January 26, 2009 Paul Craig Roberts Deepak Tripathi Vijay Prashad Peter Lee Allan Nairn Uri Avnery John Sayen Dave Lindorff Lawrence R. Velvel David Macaray Roger Burbach Norman Solomon Website of the Day January 23 / 25, 2009 Alexander Cockburn P. Sainath Patrick Cockburn Saul Landau Sasan Fayazmanesh Alan Farago Christopher Brauchli Andy Worthington Ron Jacobs Lawrence Velvel Henry A. Giroux David Yearsley Raymond F. Gustavson Dave Lindorff Roberto Rodriguez Dina Jadallah-Taschler Fidel Castro J. Michael Cole Bob Fitrakis / Ramzy Baroud Mohammad Ali Shabani Richard Rhames Stephen Martin Lorenzo Wolff Kim Nicolini Poets' Basement Website of the Weekend January 22, 2009 Paul Craig Roberts Kathy Kelly Allan Nairn Lawrence Velvel Andy Worthington Peter Morici Joseph G. Davis Adriana Kojeve Benjamin Dangl Website of the Day January 21, 2009 Gabriel Kolko Harry Browne Michael Colby Lawrence R. Velvel Audrey Stewart Wajahat Ali Binoy Kampmark David Kεr Thomson John Ross Allan Nairn Sheldon Richman Website of the Day January 20, 2009 Chuck Spinney Kathy Kelly Raymond Deane Ralph Nader Audrey Stewart Jonathan Cook Harvey Wasserman Christopher Ketcham Robert Jensen Dave Lindorff David Macaray |
February 23, 2009 Morality, Leadership and the Rule of LawThe Water LineBy DENNIS LOO Part one of a three part series
When one considers Bush and Cheney’s presidency, the question almost invariably comes up: “Who is to blame for this colossal debacle?” How could Bush and Cheney have been permitted to take office in the first place and remain in office, escaping prosecution and removal through impeachment, when they were repeatedly caught red-handed engaging in acts far in excess of abuse of office: openly flouting the law, pervasive and persistent lies, torture, committing the supreme war crime by invading a country that had not attacked us, treason, feloniously spying on all Americans, uber malfeasance, criminal negligence in the face of Katrina and global warming, and corruption on a staggering scale, with this list only a part of their long, sordid tale? Most people’s answer to this is: “It’s the American people’s fault.” Americans (apologies to the other Americans of South and Central America) are apathetic or secretly wanted what Bush and Cheney carried out or are just plain ignorant, selfish, materialistic and lazy. While material comforts do clearly dampen political activity and some Americans are certainly willfully ignorant – I would estimate their numbers at perhaps 15-20% of the population (some of these not merely ignorant but politically reactionary) – and a sizable percentage politically disinterested (disinterest and willful ignorance are not the same thing), the majority are neither willfully ignorant nor reactionary. They are, instead, misled, naïve, poorly informed, and misinformed. Were it the case that most Americans were simply stupid, selfish and lazy, then it would not be necessary for the mass media and political parties to systematically censor, distort and deceive. They would not need to spend the gigantic sums that they devote to propaganda that they do. Fox News would not have to exist and it wouldn’t have to maintain the laughable pretence that they are “fair and balanced.” Their slogan could be: “We’re biased and so are you.” Bush and Cheney wouldn’t have had to lie about a connection between 9/11 and Iraq. They could have said: “We’re going to invade Iraq and Afghanistan for oil and empire. Yahoo! Let’s go!” Society as a Caravan Suppose that you are sitting in your car driving along a long and winding road on the side of a mountain. You are following behind a big SUV caravan that is traveling at 15 miles per hour below the speed limit. There are hundreds of cars behind you as impatient as you to move faster, but you can’t get around the slow-moving SUV caravan in front of you because the center lane divider is a solid-line and there is only one lane going each way. Even if you tried to illegally pass the SUV immediately ahead of you, too many of these black SUVs in the lead are all traveling in close formation for you to squeeze in between them before contra flow traffic would crash headlong into you, killing you instantly. Is it your fault or the fault of those behind you that you’re all going too slowly? If part of the leading SUV caravan were to decide that the whole train of cars were traveling at the wrong speed and that it was going to speed up and leave the other SUVs behind, then an opening would be created into which you and the other trailing cars could accelerate into and eventually leave the slowest SUVs behind. But if the leading SUVs all decide that they are going to hang together in close formation, then they have effectively created a moving roadblock and doomed the rest of the cars to follow along at a snail’s pace. The cars trailing impatiently behind this moving SUV caravan roadblock in this metaphor are the American public. The SUV caravan blocking the way is the equivalent of the Democratic and Republican Parties and the mass media. It doesn’t matter that the last lead SUV driver – George W. Bush - breached nearly every single fundamental principle of national and international law openly. Now there is a different SUV driver – Obama - in front, but he has decided that his differences with Bush are less important than what they have in common. What Bush and Cheney did while in office was institutionalize, with Congress’ and mass media’s cooperation, a rupture in the nature of governance. While there are different facets to this, the most important was their explicit challenge to the rule of law: they acted on and got away with the principle that all power rests in the President and no law and no body can override that power. Bush and Cheney did not invent this strategy; they are merely its culmination. No actions, no matter how horrible, unjust, or illegal, were unimaginable for their unfettered White House to engage in, untethered from the law, as long as it was concealed by the fig leaf of “safeguarding” the nation’s security. Their actions and rationales for their actions represent a return to governance pre-Magna Carta: the rule of the king whose word is the law. Obama could turn out to be the second coming of Christ, but if he doesn’t hold Bush and Cheney accountable for their crimes and violations, then it won’t matter. Obama’s administration would be a respite at best before some future president wipes out all that stands in his/her path because the rule of law will no longer be a barrier to a tyrant who can scare the people into obedience. Bush and Cheney, after all, if they proved nothing else, demonstrated that fear mongering could get them anything and everything they wanted. What has Obama done, besides introducing complete sentences with dependent clauses into presidential press conferences? He has declared that some of the more obviously egregious and illegal practices under Bush and Cheney will end. Guantanamo will close – eventually. Extraordinary rendition will revert to rendition, the latter a practice engaged in by Bill Clinton. American personnel will no longer personally carry out torture (although Obama has given himself loopholes to permit him to use “enhanced interrogation techniques”). Torture will be carried out in less visible ways principally by non-American personnel, reverting to the standard American practices of dozens of American presidents. The “bad” war of Iraq – still immoral, still unjust, and still illegal - will be scaled back, but not ended for at least years to come, the “good” war of Afghanistan (also immoral, unjust and illegal) stepped up, and unilateral and illegal US missile strikes and ground assaults on and in Pakistan intensified (ditto, ditto, ditto). Obama’s Justice Department on February 8, 2009 told a federal appeals court that protecting “state secrets” (i.e., their use of torture, rendition and domestic spying) should lead to the dismissal of a lawsuit (Mohamed et al. v. Jeppesen) against a Boeing subsidiary by five detainees who were subjected to rendition and torture. By doing so, the “new” Justice Department under Obama and Holder has adopted the old Bush White House’s exact arguments protecting their violations of international law. They have, in other words, adopted the very stance that Obama and other Democrats criticized in Bush when Obama was running for the presidency. (See Glenn Greenwald’s analysis “The 180-degree reversal of Obama’s state secrets position.”) And on Wednesday February 4, as described by David Swanson: “Britain's High Court of Justice ruled evidence in the U.K. civil case of Binyam Mohamed, one of the plaintiffs in the Jeppesen case, must remain secret because of U.S. threats to cut off intelligence sharing. On Saturday Britain's Telegraph reported that ‘Mohamed’s genitals were sliced with a scalpel and other torture methods so extreme that waterboarding, the controversial technique of simulated drowning “is very far down the list of things they did."’ On Sunday Britain's Daily Mail reported that Mohamed ‘was identified as a terrorist after confessing he had visited a “joke” website on how to build a nuclear weapon. ... [He] admitted to having read the “instructions” after allegedly being beaten, hung up by his wrists for a week and having a gun held to his head in a Pakistani jail.’" Eric Holder, Leon Panetta and Obama himself have all stated that those who carried out torture under Bush and Cheney will not be investigated or prosecuted because they were “following legal orders.” Nuremberg, where Nazi and Japanese war criminals were tried, held that “following orders” is no excuse when those orders are to commit crimes against humanity. Holder, Panetta and Obama know this well, but they are engaged in a high-stakes and risky game: attempting to reassure Americans that they are different and better than Bush and Cheney by repeatedly stating that “no one is above the law” and that waterboarding “is torture,” while at the same time assuring the Bush White House’s torturers and thieves that they are safe from prosecution. This is what Obama means by bipartisanship: maintaining common ground with torturers while diverting the public from demanding and getting real change. Couched as “looking forwards” and “national healing,” this is the same bipartisanship that gave us the Bush regime. Exactly how “transformative” this Obama White House is does not remain to be seen: it is here for those who allow themselves to see it. What is at stake now cannot be overstated: it is no less than the survival of the rule of law, civil rights and civil liberties, those very things, in other words, most precious and central to what so many people believe distinguish the U.S. If Obama is serious about “looking forwards” then let him look forwards to what will without any doubt happen if these precedents by Bush and Company aren’t overturned and the perpetrators prosecuted and made an example of. If the rule of law is replaced by the rule of men, then we as a people will truly be without shelter, stripped of the protections of law, abjectly naked and alone in the face of icy floods, whirlwinds and devastating earthquakes, to be ripped apart or drowned in disasters, natural and man-made, brought on by the predations of tyrants and plunderers. Most of Washington and the news offices of elites (outside a mere handful of dissenters) refused to say no to what Bush and Cheney were doing when they were doing it, irrespective of the patent illegality of it all. (Note: grumbling and carping don’t count.) These same leaders still think it is unthinkable now to hold Bush and Cheney to account. They are like the three iconic monkeys who see no evil, speak no evil and hear no evil. This unsavory state of affairs only underscores how bankrupt institutional logic is when confronted with dangers from within. As Sinclair Lewis said in 1935: “When fascism comes to America, it will be wrapped in the flag and carrying a bible.” What must be done in the face of this momentous betrayal? How can the interests of humanity be protected and advanced? To be continued. Dennis Loo is an associate professor of Sociology at Cal-Poly Pomona. He is the co-author of Impeach the President: the Case Against Bush and Cheney. He can be reached at http://dennisloo.blogspot.com.
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