Will Perpetrators of Financial Crimes Ever Face Justice?

Some will rob you with a six gun and some with a fountain pen – Woodie Guthrie

Like mushrooms popping up in a damp basement, a slew of court settlements have been registered recently involving the big banks and their role in the financial crisis. An informal review of settlements over the last two years reveals about 16 multi-million dollar payouts from the big banks amounting to some $1.6 billion in fines and restitution and $13 billion in buybacks of auction-rate securities that were represented to be as safe as cash.

Sounds impressive, doesn’t it? But when fines are stacked up against an elite white-collar crime spree worth trillions, it is a little less impressive.

Bill O'Reilly and the Fox-Comcast Crushing Machine

Bill O'Reilly tells Barry Nolan to "shut up"On May 10, 2008, the National Academy of Television Arts and Sciences' Boston/New England chapter conferred its prestigious "Governor's Award" upon Bill O'Reilly, host of the Fox News Channel opinion program "The O'Reilly Factor." Some felt the choice of O'Reilly was improper given his reputation for inflammatory rhetoric and bullying of people who disagree with him. One person who took exception to the award was Barry Nolan, host of another cable show produced by Comcast called "Backstage with Barry Nolan." One month before the awards ceremony, Nolan emailed the Academy's governing board and asked them to reconsider giving the award to O'Reilly. Nolan also made public his opposition to the award. He wrote to the Boston Herald to say he was appalled at the Academy's choice. Nolan said O'Reilly was "a mental case" who "inflates and constantly mangles the truth." Nolan sought and received some support for his protest from within the higher echelons of Comcast, but in the end, the academy's vote stood. Determined to take a discreet but public stand, Nolan attended the award ceremony, bringing 100 six-page fliers he had made up listing some of O'Reilly's more outrageous quotes.

Public Campaign, CMD & Media Matters Issue Joint Letter After News Corp.'s $1 Million Donation to Republican Governors Assoc.

Washington, DC -- Today, following reports that News Corp. donated $1 million to the Republican Governors Association, Media Matters for America joined Public Campaign and the

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