Exposing the Excretions of the Entitled Class

Panel finds Representative Rangel’s trips broke congressional gift rules

While the panel did not find that the New York Democrat, who chairs the House Ways and Means Committee, knew about the corporate backing for the trips in 2007 and 2008, it concluded that members of his staff were aware and that he was therefore responsible. The committee said its report was intended to "serve as a public admonishment" of Rangel, and it ordered him to repay costs of the trips.

"They're saying that my staff -- at least two members -- did know [about the financing], and I

Judge approves Bank of America’s slap-on-the-wrist on behalf of the SEC

You may be lulled by the title of this article from the Washington Post, "Judge criticizes, but approves, settlement with Bank of America" into believing that some semblance of justice was served by the fine imposed on Bank of America for defrauding it's shareholders then turning around and accepting TARP handouts from the federal government in an effort to cover it's losses.

There are plenty of good resources you can read to get up-to-speed on the case so I won't bore you with the

D.C. Council Member Marion Barry benefited from city contract obtained for ex-girlfriend

In July, after news surfaced that Barry had given Donna Watts-Brighthaupt a city contract, the council asked Bennett to investigate the matter and review the council process for distributing earmarks.

According to the Bennett Report, which was released this morning, Bennett concludes that Barry sought approval of Watts-Brighthaupt contract after he loaned her money to help her pay her bills. After Barry secured the contract for Watts-Brighthaupt, he then forced her to use her paycheck

JPMorgan’s CEO, Jamie Dimon, reaps $16 million bonus

News about Dimon's hefty bonus comes amid a public furor over big bonuses that some blame for the excessive risk taking that fuelled the global financial crisis.

In a filing with the Securities and Exchange Commission on Friday, Dimon, who has a million-dollar salary, said he had received nearly eight million dollars in JPMorgan Chase shares for 2009, with options on an additional 563,000 shares.

In 2007 Dimon received 28 million dollars in bonuses; he declined to take any

RNC Chairman Michael Steele Argues that a Million a Year “Is Not a Lot of Money”

One has to wonder gap-jawed at the obliviousness of the Republican leadership and the outright stupidity of their constant insistence that huge gaps in income disparity are good for America.

“Trust me,” Mr. Steele said, “after taxes, a million dollars is not a lot of money.”

He should know ... Mr. Steele is a bonafide millionaire who is suffering mightily under the weight of his fortune. While we do agree that he looks a bit pale for a plutocrat, we simply suggest that he