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blmohr
@blmohr
, 3 tweets, 1 min read Read on Twitter
Good question.
“When the Defense Department flunked its first-ever fiscal review, one of our government’s greatest mysteries was exposed: Where does the DoD’s $700 billion annual budget go?” apple.news/AinD75q9yTBe-X…
“Ahead of misappropriation, fraud, theft, overruns, contracting corruption and other abuses that are almost certainly still going on, the Pentagon’s first problem is its books. It’s the world’s largest producer of wrong numbers, an ingenious bureaucratic system...”
AT THE TAIL END of the year, the Department of Defense finally completed an audit. At a cost of $400 million...They could only offer no opinion, explaining the military’s empire of hundreds of acronymic accounting silos was too illogical to penetrate.”
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blmohr
@blmohr
“Actions by federal regulators and Republicans in Congress over the past two years have paved the way for banks and other financial companies to issue more than $1 trillion in risky corporate loans.” washingtonpost.com/business/econo…
GOP’s corporate greed just another shit show Dems will have to clean up after the Mob party goes to prison. This gets old...
“The moves undercut policies put in place by banking regulators 6 years ago that aimed to prevent high-risk lending from once again damaging the economy.”
“Now, regulators and even White House officials are struggling to comprehend the scope and potential dangers of the massive pool of credits, known as leveraged loans, they helped create.”
Read 3 tweets
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blmohr
@blmohr
“A small Russian bank owned by former U.S. congressman Charles Taylor has been stripped of its license after allegedly breaking anti-money laundering rules.” apple.news/AHlDZ_v9_R56Dv…
“Taylor, a Republican widely considered a hard-line conservative, was a congressman from North Carolina between 1991 and 2007. Central bank records show Taylor owns more than 80 percent of CBI...”
“Taylor represented North Carolina’s 11th district from 1991 to 2007. In his freshman term, together with Newt Gingrich, he was part of the so-called Gang of Seven that investigated a House banking scandal that fueled the perception of corruption in the lower chamber...”
Read 4 tweets
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blmohr
@blmohr
"Some of Mueller's investigators have told associates that AG Barr failed to adequately portray the findings of their inquiry & that they were more troubling for Trump than Barr indicated..."
nyti.ms/2HVp1uD
"Some members of Mueller’s team are concerned that, because Barr created the first narrative of the special counsel’s findings, Americans’ views will have hardened before the investigation’s conclusions become public."
"The special counsel’s investigators had already written multiple summaries of the report & some team members believe that Barr should have included more of their material in the 4-page letter he wrote on March 24 laying out their main conclusions..."
Read 3 tweets

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Delilah S. Dawson
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For #TenThings today, shall we talk about HOW TO INVOKE ALL THE SENSES WHEN WRITING? Because that's how you truly ground readers in your world, reveal real characters, and make worldbuilding 3-dimensional.
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Zac Mason
@ZacAKAMadu
The "corporate welfare" argument everyone is posting about the Amazon HQ in Long Island City is really, really bad - representing ignorance of how taxes and public finance work.
You realize that if New York State gives Amazon $1.525 billion in subsidies ($1.2 billion in foregone tax revenue + $325 million in direct expenditures) that's not spending $1.5 billion which would otherwise go to schools, libraries, parks, or social welfare programs.
That $325 million would come out of the $4 billion annual budget for economic development projects under the Empire State Development Corporation. The $1.2 billion represents tax revenue that never existed.
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@JoshJPhilipp
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