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American International Group

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  • Wandering Eye: The history of a cop who arrested a local rapper, the Aging Newspapermen's Club, and more

    Wandering Eye: The history of a cop who arrested a local rapper, the Aging Newspapermen's Club, and more
    Baltimore Police Det. Daniel Hersl, who made news a few weeks ago for using Young Moose’s lyrics as evidence to get a warrant to raid the Baltimore rapper's home, which turned up a bunch of heroin, is in the Baltimore Brew today. The story is part of Mark Reutter's continuing coverage of the city settling lawsuits over police misconduct. In this case, convicted drug-possessor Charles Faulkner was awarded $49,000 to drop claims that Hersl, while arresting Faulkner, beat him while handcuffed. Hersl's conduct has also prompted lawsuits that were settled in 2009 and 2012, according to online court records, and by 2006, with seven years on the department under his belt, 29 internal-affairs complaints had been lodged about him, including one that was sustained in which he, while off-duty at Looney's Pub, poured beer on a woman and threw the bottle at her, striking her in the face. (Van Smith)
  • All the Money in the World-and Then Some

    NPR's Morning Edition this morning reported on the causes of insurance giant A.I.G.'s downfall, letting us know that credit default swaps were "a $70 trillion business." Reporter Adam Davidson says the credit-default swaps business soured and forced A.I....

    Why are Taxpayers Paying Paulson's Goldman Sachs Cronies Secret Billions?

    The Columbia Journalism Review's Dean Starkman posted an analysis today on why we should be outraged. He points out that the AIG bailout money ($123 billion, give or take) is going straight to counterparties -including Goldman Sachs-and not even stopping...

    Alan Greenspan: "Don't Blame Me"

    Alan Greenspan As a reporter with a passing interest in economics, the worship of Alan Greenspan has puzzled and irked me for two decades. The allegedly "brilliant" chairman of the Federal Reserve, who speaks with the clarity of an autistic middle-...

    Bond Market Bingo

    Today Treasury Secretary Tim Geithner unveiled his plan to save the financial system. The response has been predictable: bankers and Wall Streeters love it, normal people don't understand it, and a sliver of taxpayers with the fortitude to check it out...