January 31, 2003

JACOB T. LEVY WRITES IN THE NEW REPUBLIC:

In its dollar magnitude, it’s almost certainly the biggest case of financial mismanagement in U.S. history. While a final tally is years away, in part because of suspiciously lost or missing documents, there’s good reason to think that the dollar figures will dwarf WorldCom’s $9 billion. It’s a scandal that crosses partisan lines and reaches into high levels of both the Clinton and the Bush administrations. And it’s got nothing to do with Wall Street. . . .

And yet, thanks to a combination of convoluted detail, media bias, and ideological blindness, most Americans have never even heard about it.

Wonder why Howell Raines hasn’t made it a priority?