Word: fraude
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...bill cracking down on reckless savings and loan executives than the plight of a constituent he does not know -- Joe Sixpack faithfully depositing his weekly savings into a 5% passbook account. When friends of Wright and Coelho who were heading up failing S & Ls came under investigation for fraud, the Democratic leaders were not only willing to take their calls and visits but to stall legislation and a federal investigation that would have cracked down on these people...
...gave $4.5 million to the members of Congress willing to protect them. House Banking Committee member Jim Leach, an Iowa Republican who refuses to take PAC money, believes this may be the disgrace that brings down the current congressional establishment. "We're looking at an eleven-figure fraud story that's bigger than Teapot Dome," he says...
...public may be paying for the S & L fraud well into the next century. Even so, it seems unable to make the connection between such outrages and a permanent government that too often is up for sale to private interests. The notion that public service might require some sacrifice has become a quaint relic. Working in government, instead, has come to be seen as a way to enrich ! oneself. Public officials remain endlessly capable of rationalizing the trading of their office for private gain: we don't get paid enough; everybody does it; we could make much more...
...staged its last presidential election, the exercise in democracy proved a thuggish sham. Tabulation sheets vanished, vote counting was suspiciously slow, and when citizens stormed the streets in protest, soldiers fired on the crowds with rifles. Through it all, the U.S. remained silent. Five months later, as protesters chanted, "Fraud! Fraud!," Panama inaugurated Nicolas Ardito Barletta, the candidate favored by Manuel Antonio Noriega -- and the man, many Panamanians charged, handpicked by then U.S. Secretary of State George Shultz...
True, the blatancy of the fraud was more pronounced this time around, but the greater change was the startling shift in the U.S. response. Then, as now, the continued security of the Panama Canal was the centerpiece of relations between the U.S. and Panama. Yet in 1984 the Reagan Administration did not regard U.S. interests as threatened by the challenge to Panamanian democracy. So why is Washington so obsessed now about democracy in a country barely larger than West Virginia? And why is it apoplectic about the ouster of a dictator whom it comfortably did business with for many years...