A foundation controlled by New York Mayor Michael Bloomberg shuttled $300 million into offshore tax havens, reports The New York Observer, which also reports that neither the foundation nor the mayor would explain why this was happening.
Talking Points Memo reports on a new group with a clear message written into its name -- Stop Too Big To Fail -- and a secret mission that's quite the opposite. The astroturf group has launched a $1.6 million ad campaign to kill the financial reform bill.
The task of supplying fuel to the U.S. military in Afghanistan has involved no-bid contracts, contractors accused of corruption, and cozy relationships with secretive foreign regimes, according to The Nation.
More than 700 banking firms participated in the bank bailout, but about 7,400 banks did not. USA Today reports that some of those banks that declined government assistance had qualified for it, but chose instead to chart a different course.
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