Really, it gets harder all the time to tell the Democrats from the Republicans, doesn't it?
The Senate Judiciary Committee approved a bill Thursday that would renew portions of the USA Patriot Act in an effort to address administration concerns about protecting terrorism investigations.
But several Democrats and civil liberties advocates said the legislation would do little to strengthen privacy protections. And some Republicans said the bill, despite amendments worked out with the administration, would still unduly burden investigators.
By a vote of 11 to 8, the committee sent to the Senate floor a measure that would extend until 2013 three surveillance provisions set to expire Dec. 31. They would allow investigators to use roving wiretaps to monitor suspects who may switch cellphone numbers, to obtain business records of national security targets, and to track "lone wolves" who may be acting alone on behalf of foreign powers or terrorist groups.
The bill would also slightly tighten the legal standard for the FBI's issuing of administration subpoenas known as national security letters (NSLs), which allow the bureau to obtain phone, credit and other personal records, and which the Justice Department inspector general has said are subject to "serious misuse."
Oh, I feel much better now, knowing it will be "slightly" more difficult for the feds to abuse constitutional rights.
The Bush Administration sure had a knack for letting criminals get away with it, didn't they? They failed to stop 9/11, never caught bin Laden, and now we're learning about the total incompetence of the SEC in responding to Bernie Madoff's Ponzi scheme.
The U.S. Securities and Exchange Commission repeatedly missed chances to catch Bernard Madoff’s $65 billion fraud over 16 years by assigning inexperienced investigators and accepting “implausible” explanations after catching him in lies, the agency’s internal watchdog said.
At least six warnings from sources including a money manager, a “respected hedge-fund manager” and a firm that studied Madoff’s business failed to spur a “thorough and competent” probe, Inspector General H. David Kotz wrote in a summary of a report released today. Madoff, in an interview with Kotz, said even he “was astonished” when investigators failed to check trading records that would have exposed his scam.
“Despite numerous credible and detailed complaints, the SEC never properly examined or investigated Madoff’s trading and never took the necessary, but basic, steps to determine if Madoff was operating a Ponzi scheme,” Kotz wrote.
This is not only an incredible report, it plays into a larger truth about the conservative conception of regulation as a needless bother rather than a diligent effort to protect the consumer. One incredible moment, referenced above but covered in detail by Zachary Roth, shows that Madoff basically thought he was caught and the scheme had been discovered by federal regulators, only to find himself safe once again.
The agency's biggest screw up, says the summary, was the fact that examiners never verified Madoff's trading through an independent third party.
The details of that failure are more astonishing still. Madoff at one point told examiners that all his trades were cleared through his account at the Depository Trust Company (DTC), a clearing agency -- and he gave the examiners his DTC account number. At that point, Madoff told Kotz in an interview, "I thought it was the end game, over. Monday morning they'll call DTC and this will be over." Amazingly, the SEC never followed up with DTC. Madoff said he was "astonished."
The summary almost makes clear that the SEC's right hand didn't know what the left was doing. It notes with astonishment that at one point, two Madoff examinations were going on at the same time within the agency, without either being aware of the other. It was Madoff himself who informed one team of the other's existence [...]
The final, failed Madoff investigation of 2006 -- triggered by a detailed Markopolos complaint -- was perhaps the most egregious. According to the summary, most of the investigative work was done by a staff attorney "who recently graduated from law school and only joined the SEC nineteen months before she was given the Madoff investigation. She had never previously been the lead staff attorney on any investigation, and had been involved in very few investigations overall. The Madoff assignment was also her first real exposure to broker-dealer issues."
According to the summary, that inexperience helps explain why, when Madoff told the examiners that he got such unprecedentedly good return simply because he had a good "feel" for the market, they took that nonsensical explanation at face value.
Bush's SEC didn't bother to check up on Madoff's dealings, and they took his explanations as good enough for them, because their attitude toward regulation was "don't mess with a good thing." Indeed, the entire stock market during the Bush years was kind of operating under a false reality in its own right. Madoff was a crook, but at least an honest crook. And even he couldn't get caught.
This is not just the story of one agency's embarrassing failure. The failure lied in the theory of government, existing to make profits for cronies and lay off the connected and the powerful. The failure to catch Madoff and the failure of conservatism are essentially the same stories.
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David Shuster and Harper's Scott Horton break down John Yoo's poorly written op-ed at the Wall Street Journal, defending his part in allowing the Bush administration to spy on millions of Americans under the guise of keeping us safe from terrorists.
In this morning's Wall Street Journal, John Yoo has an op-ed defending himself from the malpractice charges set forth in the recent Inspecter General's report. As with the opinions themselves, the op-ed is deeply disingenuous and misstates the law repeatedly.
Not surprisingly, Yoo begins the op-ed with a collosal straw man. He points out how important it is to intercept al Qaeda communications and writes: "Evidently, none of the inspectors general of the five leading national security agencies would approve." Of course, the issue is not whether intercepting communications is a good idea, but whether the program violated the law. Yoo was not a policy maker. He was a lawyer. His job was to state what the law was, not what it should be.
Last week, the Inspectors General of five separate intelligence agencies released a congressionally-mandated report on the Bush administration’s post-9/11 surveillance programs. The report focuses much of its criticism on John Yoo, a former deputy assistant attorney general in the Office of Legal Counsel, who wrote “legal memos undergirding the policy.”
In the Wall Street Journal today, Yoo responded to the report, claiming that the inspectors general are ignoring history and are simply “responding to the media-stoked politics of recrimination.” But in his attack on the report, Yoo neither responded to the specific criticisms of his legal reasoning nor mentioned that he refused to cooperate with the investigation.
Instead, Yoo persisted in pushing the flaws in his legal argument, such as the claim that the Foreign Intelligence Surveillance Act did not take war into consideration.
The attorney general is leaning toward appointing a special prosecutor to investigate Bush-era torture policy, sources tell Scott Horton. Inside the logic driving Eric Holder’s possible conversion.
