Why not prosecute nonfeasant regulators?

Bank regulators referred 1,837 cases to the Justice Department in 1995. Starting in 2006, the average dropped to about 75 cases a year.

Ritholtz

This is more “Nonfeasance” — that is what I accused the Greenspan Fed of doing in Bailout Nation. It is also what the Office of the Comptroller of the [...]

Masdar City to ban cars, welcomes pod people

Masdar City in the United Arab Emirates plans to be carbon neutral by 2020. One way they will do this is by banning personal cars and providing autonomous electric podmobiles.

Poop converted to cooking fuel in Africa’s biggest slum

A Nairobi slum now processes human waste into biogas which residents use to cook food in community kitchens. Thus, what once was a sanitation problem has been turned into a positive.

Libya: From no fly zone to demanding regime change

Obama has continually “revised” our reasons for being in Libya. Now it’s about regime change with the predictable result of another endless war with no exit strategy. Too many Democrats who vehemently protested the Iraq War when Bush was president are of course totally ok with what Obama is doing. Their hypocrisy and craven self-interest [...]

Hippies punched by Democrats, Tea Party betrayed by Republicans

Poli-Tea details how some liberals and progressives in the Democratic Party continually go back for more abuse. This is mainly because they are unable to envision alternatives, so they resolutely fight for change within a party that systematically kicks reformists in the teeth every chance it gets.

This just happened to the Tea Party [...]

Polizeros Radio podcast. Fractures on the Left over Obama

While the two parties have genuine differences on issues like abortion, the environment, and a safety net, they are in complete agreement about foreign policy (American exceptionalism rules) and corporatism (Hey Wall Street, want more money? can we ignore more laws for you?)

The DFH’s, as well as many liberals and progressive, miss this, [...]

Adventures with Qwest

After several months here in Cedar City with our Qwest DSL continually deteriorating to the point where sometimes I can’t watch YouTube at night or GMail chokes, I’m going with InfoWest, who has line of sight transmitters throughout the area with 6 MB bursts. This will be substantially faster than the actual speeds I’m getting [...]

Polizeros podcast tonight. Fractures on the Left over Obama

Josh Mull and I will ponder the growing split on the Left between those who enjoy being punched in the face by the White House and those who believe we need to form real alternative parties and movements. Ok, you can probably guess from that where I stand.

The podcast is hosted on BlogTalkRadio. [...]

Still no major prosecutions in financial crisis

“This is not some evil conspiracy of two guys sitting in a room saying we should let people create crony capitalism and steal with impunity,” said William K. Black, a professor of law at University of Missouri, Kansas City, and the federal government’s director of litigation during the savings and loan crisis. “But [...]

This time will be different. Obama will change

Progressives and liberals – DFH’s for short – are emulating battered wives: “I should leave him but he’s so sexy when he talks like that and promises me next time will be different.” But then there’s just another punch and “where’s my dinner and did you re-elect me yet?”

I mean, sure the Republicans are [...]