Quick Picks: Friendly Fire and Friendly Regulators
- Today, Salon questions the Army’s statistics on friendly fire deaths in Iraq and Afghanistan. The Army cites improved technology to explain the shockingly low rate compared to other wars, but an extensive Salon investigation earlier this year suggests an Army cover-up. Army responds See Army spokesman John P. Boyce, Jr.‘s response to ProPublica here.
- The Wall Street Journal reports that Mary Schapiro, Obama’s pick for SEC chief, has a history of going easy on big Wall Street firms. The Journal reports that during her tenure as the head of Finra, Wall Street’s self-regulatory organization, enforcement fines plunged and the agency spent its time on small players while Madoff’s scheme slipped under the radar. In her confirmation hearing this morning, Schapiro called the Journal article “completely unfair,” adding, “I have never been afraid to go after people who violate the public trust. There are no sacred cows.” The article came on the heels of a New York Times report that two lawsuits have accused Schapiro of making misleading statements.
Check out more of our roundup of the best investigative stories around the Web.
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