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n2doc

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Home country: USA
Current location: Georgia
Member since: Tue Feb 10, 2004, 01:08 PM
Number of posts: 43,191

About Me

Environmental Scientist

Journal Archives

Prosecution of Financial Crisis Fraud Ends With a Whimper

By PETER J. HENNING

One source of great frustration from the financial crisis has been the dearth of cases against individuals over subprime lending practices and the related securitization of bad loans that caused so much financial havoc. To heighten the frustration, I offer Aug. 22, 2016, as the day on which efforts to pursue cases related to subprime mortgages were put to rest with no individuals — save perhaps the unfortunate former Goldman Sachs trader Fabrice Tourre — held accountable.

On that date, the Securities and Exchange Commission settled its last remaining case against a former Fannie Mae chief executive for securities fraud related to the disclosure of the company’s subprime mortgage exposure. The agency accepted a mere token payment that will not even come out of the individual’s own pocket.

On the same day, a federal appeals court refused to reconsider its May ruling that Bank of America’s Countrywide mortgage unit and one of its former executives did not commit fraud by failing to disclose to Fannie Mae and Freddie Mac that the subprime loans it was selling to them did not come close to the contractual requirements for such transactions.


more
http://www.nytimes.com/2016/08/30/business/dealbook/prosecution-of-financial-crisis-fraud-ends-with-a-whimper.html

Tuesday Toon Roundup 3: The Rest

Dick










Exoplanet


Speech


Maine



NC


Swimsuits




Middle East


Injustice




RIP









Tuesday Toon Roundup 2: Conning the Sick













Tuesday Toon Roundup 1: Sick Con






















Monday Toon Roundup


Trump





Walls


Pols


pen


Kapernick



Poke






Burkini




Charles Osgood announces retirement as anchor of CBS' "Sunday Morning" after 22 years

Charles Osgood today announced his retirement as anchor of CBS’ “Sunday Morning,” ending a 22-year run at the broadcast. Osgood’s award-winning 45-year career at CBS News will be celebrated during his final appearance as anchor on Sept. 25, 2016 on the CBS Television Network.

Osgood will continue as the anchor of “The Osgood File,” his daily news commentaries broadcast on the CBS Radio Network and on stations around the country. He will also make occasional appearances on “Sunday Morning.”

“Some of you may have heard rumors lately that I won’t be hosting these ‘Sunday Morning’ broadcasts very much longer. Well, I’m here to tell you that the rumors are true,” Osgood told viewers during today’s broadcast. “For years now people -- even friends and family -- have been asking me why I keep doing this considering my age. I am pushing 84. It’s just that it’s been a joy doing it! Who wouldn’t want to be the one who gets to introduce these terrific storytellers and the producers and writers and others who put this wonderful show together?

more
http://www.cbsnews.com/news/charles-osgood-announces-retirement-as-anchor-of-cbs-sunday-morning-after-22-years/

Obama the Monument Maker

By DOUGLAS BRINKLEY

President Obama seems most comfortable outside on an 18-hole golf course, not hunting bear in Colorado, as Theodore Roosevelt did while president in 1905, or deep-sea fishing for tarpon in the Texas Gulf, as Franklin D. Roosevelt, an avid angler, did on a getaway from the White House in 1937.

Yet as president, Mr. Obama has visited more than 30 national parks and emerged as a 21st-century Theodore Roosevelt for his protection of public lands and marine reserves. His use of the Antiquities Act of 1906, which gives a president unilateral authority to protect federal lands as national monuments, has enabled him to establish 23 new monuments, more than any other president, and greatly expand a few others.

On Wednesday, he set aside some 87,000 acres of federal land along the Penobscot River in north-central Maine as the Katahdin Woods and Waters National Monument. The action will safeguard the wild country around the 5,267-foot Mount Katahdin, the state’s highest peak. Then, on Friday, he announced a fourfold expansion of a marine monument designated by President George W. Bush off the coast of Hawaii.

more
http://www.nytimes.com/2016/08/28/opinion/sunday/obama-the-monument-maker.html

Sunday's Pearls Before Swine Toon


Sunday's Non Sequitur Toon- New Invention

Weekend Toon Roundup 2: The Rest



Pharma











Repubs








Syria



France



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OD


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