ots

It’s almost enough to generate sympathy for Jay Bybee and John Yoo, the two heads the Justice Department’s Office of Legal Counsel in 2002 who signed off on the infamous torture memos. According to the 2004 CIA inspector general’s report on torture, Bybee and Yoo didn’t make their decisions based on complete information, and information [...]

The Washington Post, this morning:
Senior administration officials are considering the creation of a single agency to regulate the banking industry, replacing a patchwork of agencies that failed to prevent banks from falling into the worst financial crisis since the Great Depression, sources said.
Bloomberg, today:
House Financial Services Committee Chairman Barney Frank ruled out creating a single [...]

When the Office of Thrift Supervision failed to notice a meth addict was mortgage supervisor at Washington Mutual, its days might have appeared numbered. But thanks to insurance firms looking to pick up government bailout money, it could rise again.