Under-performing banks that are politically connected received more bailout funds, according to a study by the University of Michigan’s Ross School of Business. According to the report (.pdf), banks located in districts with House members serving on financial committees had a 26 percent increase in the funding they received under the Troubled Asset Relief Program. [...]

“Every sign I see is doom. But then people say” – he adopts a whiny, nasal voice – “‘Oh Mr Vidal, you’re so negative, can’t you say something nice about America? It’s a wonderful country, everybody wants to live here.’ Oh yes? When was the last time you saw a Norwegian with a green card [...]