Air America, the much-hyped liberal media ven ture that was supposed to revolutionize talk radio, is "solvent and apparently stable": So claim the gullible cheerleaders at The New York Times, who made that unsubstantiated assertion in a recent glowing profile of Air America host Janeane Garofalo. But behind the fawning headlines and celebrity kiss-ups is a tale of astounding financial and legal chaos. The city Department of Investigation and state Attorney General Eliot Spitzer continue to conduct separate probes into a dubious loan scheme involving Air America and the Bronx-based Gloria Wise Boys & Girls Club. An estimated $875,000 of...