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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)
  • Big Banks as The Producers? Not Likely

    Here's Krugman on the "mortgage morass" now enveloping the foreclosure machine like a blob. He's got this relatively well pegged (dig his dig on the WSJ plutocrats). But one of his commenters has a theory I think deserves some consideration. What if, as...

    Goldman’s Switcharoo on AIG

    As AIG's former wonderboy, Joe Cassano, tells congress that he regrets nothing and by the way, is still right, Gretchen Morgenson and Louise Story of the New York Times are telling us something we didn't already know about the $180 billion AIG bailout....

    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...