Monday, May 20, 2013. Last Update: Mon 3:15 PM EST

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Yves Smith

Audit Notes: Mortgage Industry Conflicts of Interest Edition

American Banker has a smart story on "How Not to Make a Mortgage Servicing Settlement," taking a look at the... More

Audit Notes: Toxic Assets, Foreclosure Mills, SEC (Finally) Looking at CDOs

What ever happened to that pile of toxic assets that the banks were sitting on? Wall Street Journal reporter Michael... More

Bloomberg Eyes Bank of America’s Derivatives Move

Bloomberg News reports that Bank of America (with Federal Reserve approval) put Merrill Lynch credit-default swaps into BofA's deposit-holding arm... More

Watchdogs Eye the AG’s Foreclosure Fraud Settlement

Gretchen Morgenson yesterday criticized the states attorneys general for their proposed foreclosure fraud settlement, writing that it's a slapdash rush... More

Obama DOJ formally accuses journalist in leak case of committing crimes

Yet another serious escalation of the Obama administration’s attacks on press freedoms emerges

A rare peek into a Justice Department leak probe

Court documents in the Kim case reveal how deeply investigators explored the private communications of a working journalist — and raise the question of how often journalists have been investigated as closely as Rosen was in 2010

Reporter deemed ‘co-conspirator’ in leak case

The Reyes affidavit all but eliminates the traditional distinction in classified leak investigations between sources, who are bound by a non-disclosure agreement, and reporters, who are protected by the First Amendment as long as they do not commit a crime

How to legalize pot

“At some point you have to say, a law that people don’t obey is a bad law”

This is water

David Foster Wallace’s 2005 Kenyon commencement speech as a short film

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