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How Bill (and Monica) Saved Hillary from a Federal Indictment

Here's the second in Alexander Cockburn and Jeffrey St. Clair's series as they describe Hillary Clinton's years in Little Rock and her narrow escape from federal charges that would have destroyed her political career for ever. PLUS KEVIN ALEXANDER GRAY on how Hillary Clinton, Barack Obama and John Edwards are failing Black America even as they hunt for votes in So uth Carolina's "Black Primary." Get your copy today by subscribing online or calling 1-800-840-3683 Remember contributions to CounterPunch are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now

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"Imperial Crusades: a Diary of Three Wars" by Cockburn and St. Clair

Today's Stories

August 29, 2007

Winslow T. Wheeler
The Costs of the Afghanistan War

August 28, 2007

Uri Avnery
The Language of Force

Bill Quigley
Katrina, Two Years Later

Joshua Frank
The Fight to Save the Rocky Mountains

China Hand
"I am Alden Pyle:" Bush's Vietnam Fantasy

Firmin DeBrabander
Drug Wars: From Afghanistan to Baltimore

Charles Peña
Nuclear Fear Factor

Andy Worthington
Good Riddance, Gonzales

Ramzy Baroud
Abbas and the Abyss

Anthony Papa
Roger Stone's New Patsy

Ashley Smith
Drawing the Line at Kennebunkport

Website of the Day
B is for Bomb


August 27, 2007

Jorge Mariscal
The General Reports

Bill Christison
Why the US and Israel Should Lose Middle East Wars

Manuel Garcia, Jr.
911 Emergency! Calling Robert Fisk!: You are Now Entering a Black Hole

Anthony DiMaggio
Chronicle of a Coup Foretold?: Bush, al-Maliki and the Press

Bruce A. Roth
India and the New Nuclear Era

John Walsh
Abe Foxman's Genocide Denial Roadshow, Part 2

Dave Lindorff
Gonzo's Gone

Ron Jacobs
Taking It to the Streets

Binoy Kampmark
Poshed Up: Why the Beckhams Should Go Back to Brighty

Russell D. Hoffman
My Favorite Scientist: John Gofman, Bane of the Nuclear Industry

Website of the Day
George W. Told the Nation

 

August 25 / 26, 2007

Alexander Cockburn
Don't Carpool with Nouri al-Maliki

James Petras
The Great Financial Crisis

Jeffrey Buchanan /
Chris Kromm
Where Did the Katrina Money Go?

Marjorie Cohn
Turning Iraq into Vietnam

Rev. William E. Alberts
Jesus, the Theological Prisoner of Christianity

Robert Fantina
Ari Fleischer, Freedom Watch and the Pro-War Lobbyists

Brian Concannon
Whitewashing the History of Abolition

Ralph Nader
What Do They Have to Hide?

Laura Carlsen
Extending NAFTA's Reach

Fred Gardner
Notes from Hempfest

David Michael Green
History, the Last Refuge of Scoundrels

Stephen Soldz
Why Mary Pipher Returned Her APA Award

Mike Ferner
Combatants for Peace: Former Enemies Find New Way Forward

Paul Krassner
Mort Sahl's Punchline

Ben Tripp
Resistance is Impossible--But Not Futile

Missy Beattie
President Druzilla

Website of the Weekend
Blue Print for Gulf Renewal

 

August 24, 2007

Paul Craig Roberts
A Hegemonic Hubris

Greg Moses
A Cruel and Unusual Excuse

William Schroder
Bush, Vietnam and Iraq

Alan Farago
The Pain of Paper Millionaires

Jackie Corr
Uncle Ben Bernacke and the Nanny State

Jeff Ballinger
Naomi Klein and the Path Not Taken

Bill Quigley
Pere Jean-Juste Comes Home

Dave Zirin
Inching Toward Insanity

Richard Rhames
Deaver and the Making of Reagan

Ryan Haygood
How Newark Can Mend

Website of the Day
Lindorff's Iraq Rag

 

August 23, 2007

Kathy Kelly
We Shouldn't be Causing This

P. Sainath
Meeting the Mahatma

Ron Jacobs
Bush, Vietnam and 14 More GIs Dead

Christopher Brauchli
Beyond Kafka: Mistakes, Soreheads and Eavesdropping

D.K. Wilson
When Sports Journalists Talk Race

Joshua Frank
The Weeds of Willapa Bay

Dan Bacher
Schwarzenegger's True Lies About Dams and Canals

Brenda Norrell
Bush's House of Snakes: Indians, Border Biometrics and Migrating Corporations

John Wright
The Ongoing Tragedy of Afghanistan

David Vest
Elvis and Racism, Round 2

Website of the Day
Urgent Plea: the Black Agenda Report Needs Your Help!

 

August 22, 2007

Norman Finkelstein
Remembering Raul Hilberg

Marc Levy
Sleepless in Iraq

Lawrence R. Velvel
When Courts Bow Down to Secrecy

Ray McGovern
Bush's Iran War Drums Beating Louder

Norman Solomon
How to Survive at the Pentagon on $2 Billion a Day

John Walsh
Abe Foxman's Genocide Denial Road Show

Michael Dickinson
Little Brother is Watching You

William S. Lind
Operation Kabuki?: the Credibility of David Petraeus

Bill Hatch
A Short Walk into the Valley of Death

Kenneth E. Foster and John Joe Amador
How We Will Protest Our Executions

David Vest
Predictable Parallels: CNN and PBS

Website of the Day
The Once and Future Steve Perry


August 21, 2007

Saul Landau
The FBI's New Power

Alan Farago
Sand Houses and Missing Beaches

John Stauber
Iraq: the Gift that Keeps on Bleeding

Phillip Rizk
Gaza and the Jordanian Option

Debbie Nathan
Giuliani's Garden District

Binoy Kampmark
The Art of Sinning

Martha Rosenberg
The Fastow Economy

Sunsara Taylor
Back to School During Wartime

Website of the Day
Coffee with the Troops

 

August 20, 2007

Paul Craig Roberts
Padilla Jury Opens Pandora's Box

Uri Avnery
Stumbling Toward Another War

Rannie Amiri
Nasrallah's Surprise: a Warning from Beirut's No Bluff Zone

John Ross
The Fine Art of Bad Elections

Harvey Wasserman
The Senate's Radioactive Rip-Off

Robert Billyard
Canada's Disgrace: the Cases of Maher Arar and Omar Khadr

Dave Lindorff
Excuse Us, Nancy Pelosi

James Rothenberg
Why Your Vote Will Never Matter

David "DC" Larson
To Smear a King

Website of the Day
Bird Cinema

August 18 / 19, 2007

Alexander Cockburn
Exit Karl Rove, Everyone's Useful Demon

Saul Landau
The FBI in War and Peace

Ralph Nader
Greed and Folly on Wall Street

Patrick Cockburn
A Bloody Week in Iraq

Robert Fantina
Cannon Fodder: Beau Biden and other "Deployable Assets"

Robert S. Eshelman
Azar's Story: an Iraqi Refugee Living in Syria

P. Sainath
The Last Battle of Laxmi Panda

Dave Lindorff
Tossing Fuel on a Fire: US Military Aid to Israel

Anthony DiMaggio
Iraq, Iran & the Vanishing Context in American News

Fred Gardner
The Politics of Schizophrenia

Ron Jacobs
The Virtues of Resistance

Tom Turnipseed
War Profiteering and Corruption: From Lexington, S.C. to the White House

Paul Krassner
Assholes of the Week: Special Preachers, Priests and Clerics Edition!

Ben Tripp
I'm So Screwed

Andrew Wimmer
Living With Grief

Nancy Oden
Where Inmates Can Grow for Free

N.D. Jayaprakash
India Backtracks on Disarmament

Rick Smith
Reflections on Cuba: an Interview with Doug Morris

Missy Beattie
The Suicide Bomber

Poets' Basement
Engel, Ford, Orloski and McLellan

Website of the Weekend
Imperial Storm Troopers in Action


August 17, 2007

Joanne Mariner
Terrorizing Social Protest

Paul Craig Roberts
China is not the Problem

Shepherd Bliss
Returning to the Scene of the Crime: Chile, 30 Years Later

Dave Lindorff
Convicting Padilla: Bad News for All Americans

John Muthyala
The Water and the Road: Katrina, Poverty and the American Dream

Patrick Cockburn
Deepening Divsions in Iraq

Sherwood Ross
Military Interrogators are Posing as Lawyers at Gitmo

Phil Doe
The Old West Moves East: the Political Science of Colorado River Water

David Michael Green
Karl Rove and the Damage Done

Website of the Day
Gorilla Slaughter: a Personal Account


August 16, 2007

Jonathan Cook
The Second Lebanon War, a Year Later

Christopher Brauchli
Babes in Toxic Toyland

Norman Solomon
Backspin for War

Lee Sustar /
Orlando Sepuldeva

Victory on the Picket Line: How Immigrant Workers Won Their Strike Against Cygnus

George Bisharat
Boycott Movement Targets Israel

Binoy Kampmark
Tasteless: Gordon Ramsey and the Death of Gastronomy

Evelyn Pringle
Protection Racket?: the FDA and Avandia

Hugo Blanco
The Epic Struggle of Indigenous Andean / Amazonian

Website of the Day
Burning Man: the Field Recordings

 

August 15, 2007

Paul Craig Roberts
"No American President Can Stand Up to Israel"

Michael Neumann
In Memoriam: Raul Hilberg

Jordan Flaherty
The Struggle to Free the Jena Six

Sonja Karkar
Can You Hear the Cries from Gaza?

Felice Pace
NPR Watch: Will Linda Gradstein Go to Gaza?

Joshua Frank
On Censoring Pearl Jam

Dave Lindorff
Terrorist Nation?

Carla Blank
Elvis Presley: King or Apprentice?

David Vest
Guralnick, Elvis and Racism

Harvey Wasserman
Why the Neocons Won't Miss Karl Rove

Peter Rost, M.D.
FDA Approved Drug Makes You Hypersexual and a Compulsive Gambler

Russell Mokhiber
An Arab American's Pocket Political Dictionary

Website of the Day
Stoners Busted

 

August 14, 2007

Paul de Rooij
Humanitarian Wars and Associated Delusions

Winslow T. Wheeler
Congress's Busted September: Disingenuous Gestures Amid Catastrophe

David Rosen
The Case of Genarlow Wilson: Racism, Justice and Age-of-Consent Laws in America

Gary Leupp
Bush Warns Puppets Not to Praise Iran

Clifton Ross
Latin America at the Crossroads

Muhammad Idress Ahmad
The Politics of Democracy Promotion

Jacquelyn Godin
A Circle of Poison: Pesticides in the Plantations

Uri Avnery
Oslo Revisited

Ramzy Baroud
A Palestinian Miracle at the UN?

James McEnteer
Philistines as Cultural Critics

Website of the Day
When Cheney Called Iraq a Quagmire

 

August 13, 2007

Jeremy Scahill
The Mercenary Revolution

F. William Engdahl
The Hidden Agenda Behind Bush's Biofuel Plan

Alexander Cockburn
The Veldt Will Never Be the Same

Kathy Kelly
Iraq's Refugees: "et to Work"

Chris Floyd
No Light, Light Tunnel: the Bipartisan Guarantee of More War in Iraq

Paul Craig Roberts
Hegemony of the Cockroach

William Blum
First Pullout, Then Bloodbath?

Kenneth Couesbouc
The Language of Dominion

Rannie Amiri
Tancredo's Screedo: a Lethal Mix of Ignorance and Insanity

Brenda Norrell
Priests Expose Secret Cycle of US Torture

Fran Shor
All Fall Down

Ron Jacobs
Dr. Strangelove Meets Dubya's Double Buzz Twofer

Website of the Day
The Beauty of Defiance

 

August 11 / 12, 2007

Alexander Cockburn
How the Democrats Blew It in Only 8 Months

Stan Goff
The Cover-Up of Pat Tillman's Death

Ralph Nader
GM Radio: Payola to Rightwing Talk Shows?

Vijay Prashad
Destination Darfur: a New Cold War for Oil

Greg Moses
SubPrime People: Behind the Banking Crisis

Alan Farago
The Cratering Mortgage Market, WCI Communities and Amb. Al Hoffman

Patrick Cockburn
The Cracks in Saddam's Dam

Ben Tripp
On Fleeing the Country

Robert Fantina
Romney's Dance: The Rightwing Flip-Flop

John Ross
The Guelaguetza Strategy in Oaxaca

Seth Sandronsky
Organizing Nurses

Paul Krassner
Assholes of the Week: From Mitt Romney to Bill Richardson

Website of the Weekend
Pearl Jam: Censored by ATT

 

August 10, 2007

Paul Craig Roberts
China's Threat to the Dollar is Real

Stan Goff
How Pat Tillman Died

Marjorie Cohn
A Blank Check for Domestic Spying

Saul Landau
In the Age of Immigrant Panic

Chris Floyd
Goading Xerxes: the Coming Strike on Iran

Daniel Ellsberg
A Vision for Cindy Sheehan's Campaign

Anthony Papa
The Upside Down Flag: a Country in Distress

Farzana Versey
On the Heels of Sir Salman

Sgt. Kevin Benderman
Freedom or Totalitarianism?

Nuri Nuri
Memories of T99 Nelson

Website of the Day
Lessons in Obfuscation from Sen. Larry Craig: How to Talk About Looting the Public Domain

 

August 9, 2007

Stan Goff
The Fog of Fame: Pat Tillman as Everyone's Political Football

Paul Craig Roberts
In the Hole to China

Alan Farago
The Terror of the Mortgage Pools

William S. Lind
The Surge's New Math: One Step Forward, Two Back

Doug Giebel
Letter from Montana: What the Bushvolk Have Done to America

Harvey Wasserman
Radioactive Bailout in Advance

Jacob Hill
The Tail End of Free Trade: NAFTA's Impact on the Manufacturing Sector

Raul Zibechi
The Dark Side of Agrofuels

Dave Zirin
The Making of Barry bin Laden

Website of the Day
"Babies Just Come with the Scenery"

 

August 8, 2007

Andy Worthington
Backing Up Lt. Col. Abraham on Gitmo Abuse

Jeff Halper
The Catch in Israel's "Generous Offers" at Jericho

Greg Moses
No Light in August for Texas Refugees: Judge Orders Baby Sent to Palestine

Nurit Peled-Elhanan
The Murder of Abir Aramin, 9 Years Old

Sukant Chandan
British Prisons as Islamic Universities

Robert Fisk
A Lebanese Surprise

George H. Strauss
The Military Society

D.K. Wilson
Bonds, the Haters and 756: Why Bob Costas Can't be Trusted

Bill Day
Leonardo DiCaprio's Baggage: the Perils of Celebrity Environmentalism

Tim Campbell
Monkey See, Monkey Do Politics

Website of the Day
Periodic Table of Visualization Methods

 

August 7, 2007

Patrick Cockburn
Why the Surge Has Failed

Andy Worthington
Why Do We Need the Democrats?: They Have Failed to Restrain Bush on Gitmo, Iraq and Domestic Spying

Kathy Kelly
The Little Girl of Hiroshima

Stan Cox
The Antiwar Majority: Look Quickly, You Might Miss It

Sonja Karkar
Israel's Settlement Project

Sen. Russ Feingold
A License to Wiretap--Anyone

Alan Farago
Dancing in the Light of Florida

Norman Solomon
Let Us Now Praise an Infamous Woman

Binoy Kampmark
Giving Good Face: What Jeremy Bentham and Facebook Have in Common

Dave Lindorff
The Gelding Congress

John Stauber
Coffee with the Troops at Yearly Kos

Website of the Day
George Carlin on Education

 

 

 

Subscribe Online

August 29, 2007

Time to Step Up to the Plate

Environmentalists and the Housing Crisis

By ALAN FARAGO

So far, environmentalists have been silent on economic and political calamities tied to the housing bust. One could not expect otherwise. Environmentalists may be natural conservatives, but they are not natural capitalists.

The way forward is first of all to understand the nature of the opposition, usually painted by special interests as "what the market wants".

What the implosion of credit markets reveals, in particular related to home mortgages, is that the development patterns that engaged environmentalists in futile struggles during the housing boom now in cinders was not what the market wanted so much as what could be financed.

Environmentalists don't need to become financiers or economic experts to decode the way forward: what they do have to do is understand that the better way to provide for growth and economic development is to demand that the securitization of home mortgages should take into account all the costs to the environment.

Putting the sharp regulatory pen to America's vast market for housing along the lines of what benefits the environment would be anathema to so-called conservatives who made fortunes during the housing boom by wringing maximum productivity from the mass marketing and efficiencies of production home building on cheap land.

On this point, though, environmentalists need to be very clear: suburban sprawl as represented by platted subdivisions far from places of work represented the biggest subsidy ever given to any industry by the federal and state government. It wraps up billion dollar bonuses to Wall Street financiers and the budgets of the US Department of Transportation. And it turns out to wrap up trillions of dollars worth of toxic debt to investors.

In recent days, the Federal Reserve has opened the spigots hoping to ease the credit crisis in the United States. But the fallout from the housing bubble and crash is not over by a long shot.

Environmentalists need to make the case to the American people that we, the taxpayers, are becoming the lenders of last resort to a failed scheme for developing the American landscape that put hundreds of thousands of communities at risk, not to mention ecosystems, species and habitats.

The scale of financial devastation is all over the news. But the devastation to the environment has scarcely been mentioned. That imbalance must be redressed.

Environmentalists--who have been shut out from Wall Street and its important business with government in creating unsustainable debt--should do exactly as foreign investors are trying to do, today, according to a New York Times report, "Calls grow for foreigners to have a say on U.S. market rules."

"Politicians, regulators, and financial specialists outside the United States are seeking a role in the oversight of American markets, banks and rating agencies after recent problems related to subprime mortgages. Their argument is simple: The United States is exporting financial products, but losses to investors in other countries suggest that American regulators are not properly monitoring the products or alerting investors to the risks."

The products in question, environmentalists need to understand, are trillions of dollars of mortgages pooled from a building boom defined to a large extent by subdivisions whose low prices and homogeneity are not just because they were allowed to be built in wetlands or farmland but also because they conformed to financial formulas that allowed them to be priced at a "reasonable risk" while offering higher returns, or yields, than conventional debt.

On the retail side of the mortgage equation, liar loans and mortgage fraud ruled the day. On the wholesale side, the return on investments to indifferent investors depended on deliberately omitting "external costs" like environmental impacts--or those related to civic concerns like overburdened infrastructure, traffic, schools, and water supply.

Understand that it is as much within the rights of environmentalists to demand that underlying financial instruments should be regulated and marked to risk of species and habitat loss or poor integration with surrounding infrastructure as it is for foreign investors to ask for accountability.

"Banks and investment funds from China to France suffered losses after buying mortgage-related securities and complex financial products based on them in the United States."

It's true. And it is also true that the US taxpayer, as the lender of last resort, has suffered massive losses to quality of life and the environment without really understanding the complaints of foreign investors is the same as theirs.

If "moralizing financial capitalism" is going to happen, as suggested by the President Nicolas Sarkozy of France-and should-then environmentalists should prepare themselves to be at the head of the line to testify to House and Senate banking committees.

It is perfectly reasonable, for instance, to ask that rating agencies be required to penalize securitized mortgage pools that include "assets", ie. subdivisions, built on wetlands or in buffer areas for environmentally sensitive lands like the Everglades.

The French finance minister gets the last word in the New York Times article, "Once the dust has settled we will see where the different powers stand and what will be on the bargaining table."

If environmentalists are smart, they won't waste a minute getting to that bargaining table-and if not invited then forcing their way in, because the home building lobby will be standing with arms-crossed barring entrance the way it always has.

Alan Farago of Coral Gables, who writes about the environment and the politics of South Florida, can be reached at alanfarago@yahoo.com.






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