How the U.S. helped turn Iraq into an al-Qaida haven in just 53 steps

Eleven years after the U.S. invasion, Iraq is on the brink of collapse. We have only ourselves to blame

Militants from the al-Qaida-inspired Islamic State of Iraq and the Levant (ISIL) people raising their flag at the entrance of an army base in Ninevah Province. Iraq. (Credit: AP)

Here’s the short version: The United States invaded Iraq in 2003, claiming that Iraqi leader Saddam Hussein had both weapons of mass destruction and connections to Al Qaeda. He had neither. Today, both Sadd ... Read more »

JPMorgan Chase CEO Jamie Dimon, head of the largest bank in the United States, prepares to testify before the Senate Banking Committee
about how his company lost more than $2 billion on risky trades. June 2012. (AP Photo/Haraz N. Ghanbari)

Excerpted from The Bankers New Clothes: What’s Wrong with Banking and What to Do about It by Anat Admati and Martin Hellwig.

Although they can put in place any laws and regulations that they see fit, politicians are not in the driver ... Read more »