By Carlos Barria
As the morning approached, reporters, photographers and cameramen from national and foreign media organizations gathered outside the Jinan Intermediate People's Court to cover the final chapter in the trial of disgraced Chinese politician Bo Xilai.
The trifecta of scandals -- Benghazi, the IRS and snooping on journalists -- that has broken upon the heads of the Obama administration is as bad as Watergate. No it isn’t, says Bob Woodward, whose reputation was made by doggedly pursuing the source of a burglary of the Democratic National Committee offices in the Watergate Hotel. No it isn’t, says Carl Bernstein, who shares the bragging rights for toppling President Richard Nixon. Oh yes it is, says Peggy Noonan, the Republicans’ mother superior, writing, “We are in the midst of the worst Washington scandal since Watergate.”
Here are comments from a U.S. Treasury official on Secretary Jack Lew’s meeting with incoming Acting IRS Commissioner Daniel Werfel this morning, following a scandal of political targeting that cost the previous acting commissioner his job. Treasury officials knew about the problem as early as last June, according to this report in the Wall Street Journal:
By Matthew Goldstein and Jennifer Ablan
Where is the outrage? A year ago, the Occupy Wall Street movement was just getting started, with mass demonstrations across the nation against corporate malfeasance and greed.
Barclays was fined a record $450 million last month by U.S. and UK authorities for manipulating the London Interbank Offered Rate, or Libor, the interest rate that underpins transactions worth trillions of dollars worldwide, between 2005 and 2009. More than a dozen banks are expected to be drawn into the scandal, which is being probed by authorities in North America, Europe and Japan.