|The Washington Post reports on Thursday that at least four individuals taken captive by the Islamic State were tortured and that the group—also known as ISIS—appeared to be modeling the CIA's use of torture as it employed waterboarding as one of the painful techniques they used.
Worldwide condemnation followed revelations that in the aftermath of 9/11, the Bush administration approved the CIA to torture suspected terrorists during interrogations conducted at secret 'Black Sites' – or clandestine holding facilities.
Among those subjected to the brutal treatment by ISIS, according to sources quoted in the Post's reporting, was American journalist James Foley who was subsequently executed by the group.
From the Post:
Blast from the Past. At Daily Kos on this date in 2011—Wall Street's moral hazard:
|It's the financial sector's world now. The rest of us? We just live here.
That's the only conclusion logic can dictate concerning the pressure that is being put on New York Attorney General Eric Schneiderman to get on board with a deal that would require certain large banks that made ill-gotten gains out of misrepresented mortgage-backed securities and improper foreclosure procedures to be indemnified from future prosecution for an amount that at its highest represents only pennies on the dollar of the total amount of fraud perpetrated on individual homeowners and institutional investors.
Economic theory has a concept called moral hazard. The idea behind the concept is that parties who do not have to worry about the risk associated with their actions will behave differently from those who do. It's not hard to imagine a world where, for instance, criminal behavior carried no risk of prison or fines: there would certainly be much more of it, and the world would be a scarier place. For financial crimes that are designed to make money, however, the calculus is completely different: a criminal justice system or regulatory agency can impose fines or force settlements, but unless those settlements or fines approximate the profit that was made from the criminal enterprise in question, those fines become nothing more than a cost of doing business.
And there is no question that in the case of the deal being pushed by the Obama administration and other state attorneys general, massive white collar crime is at issue, as Matt Taibbi concisely explains […]
On today's Kagro in the Morning show, everybody's talking about the 9-year-old with the Uzi. And you can thank GunFAIL for that. Greg Dworkin's top story is a narrative-buster: Medicare's not exploding. McDonnell's "crazy wife" defense. Jindal flip-flops & sues over Common Core. "How fish can learn to walk." Congressional candidate's gun stolen, used in deadly robbery. Here comes the pro-militarization lobbying. McDonnell's oddball living arrangements. Shocking cop cam video from a February story captured outrageous brutality, which cops nonetheless denied. Struggling to keep up with views on drug-detecting nail polish, and Ferguson as a "suburban ghetto."