laserhaas
laserhaas's JournalPIABA President, Andrew Stoltman, says Billion fine is Unjust- Wells Fargo.Execs Should Go To Jail
Andrew Stoltman sounds like Elizabeth Warre, as an Anti-Wall Street politician, when he recently appeared on CNBC's Closing Bell" stating the $1 Billion dollar, recent fine, on Wells Fargo, is inadequate.
Per CNBC, Andrew Stoltman, who is not a politician (at least - not yet), but, is actually, the President of the Public Investors Arbitration Bar Association - who is quoted by CNBC as stating this...
"The executives and the board of directors were responsible for this, and I don't think the actual fine fits the crime. And make no mistake about it, it is a crime," he said on "Closing Bell."
In fact, he (Stoltman) thinks some executives should face prison time.
"To the extent you don't have senior executives going to prison, I think you are going to continue to see these sorts of abuses going forward," said Stoltmann, an investor advocate.
This is the link to the CNBC article; which is well worth watching.
https://www.cnbc.com/2018/04/20/wells-fargos-1-billion-fine-doesnt-fit-the-crime-securities-attorney.html
https://twitter.com/Stoltmann1971/status/988407054900563968
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Wilmington Trust criminal trial closing arguments
Source: Philly.com News
Is it a crime — should bosses go to prison — when bankers wreck government-insured banks and impoverish their own shareholders by making lots of risky loans that don’t get paid back?
Or is banking failure, at worst, a question for the civil courts, settled (if at all) by using a slice of a bank’s remaining assets to pay partial damages to disappointed investors — who, after all, take a risk when they buy public companies?
One of the few federal criminal cases to arise out of the financial collapse of the late 2000s reached closing arguments in Wilmington on Monday, as Assistant U.S. Attorney Robert Kravetz spent more than four hours summarizing five weeks of testimony in the case against four top executives of the former Wilmington Trust Corp.
The government has not filed a case against the bank’s former chairman and chief executive officer, Ted T. Cecala. Prosecutors would say only that their investigation has not concluded, even as the main case reached trial.
Read more: http://www.philly.com/philly/blogs/inq-phillydeals/wilmington-trust-criminal-trial-closing-arguments-20180423.html?mobi=true
As the article concludes, it details the fact that Ted T. Decals was represented by Delaware's former federal prosecutor Colm F. Connolly (who Trump has nominated for federal judgeship).
Mr. Connolly has a history of keeping major executives from being 8nvestigated or prosecuted; one need only ask Mitt Romney or Goldman Sachs.
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See my letter to Senate in effort to block Colm Connolly
https://twitter.com/An0nKn0wledge/status/986668635975495694
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Preet Cafe Change Summit includes Anti-Putin Russian Corruption activist Bill Browder
Source: Preset Cafe for Change
https://twitter.com/Billbrowder/status/988144513850933249
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A MESSAGE FROM PREET
I have spent my life working on ensuring opportunity, strengthening democracy, and doing justice. Those are the issues that I wrestled with over almost eight years as the U.S. Attorney in Manhattan. They’re the questions I talk about on my podcast, Stay Tuned with Preet. And now, I’m bringing those ideas to a new level with the CAFE Change Summit.
Over the course of a day-long experience, the CAFE Change Summit will bring young aspiring change-makers together with people who have already made their mark, including household names and powerful new voices, providing opportunities for engagement and real-life conversations about how to identify complex challenges; how to think about new and interesting solutions; and how to turn ideas into results.
The individuals I’ve chosen to participate in this forum are some of the most accomplished leaders and exciting trailblazers in the country. Invited participants will engage with people like Tina Brown, a pioneering media mogul who created the Women in the World summit; Catherine Hoke, the founder and CEO of Defy Ventures, which equips formerly incarcerated individuals with the skills to start their own business; Vanita Gupta, the President and CEO of the Leadership Conference on Civil and Human Rights; and Bassem Youssef, a world-renowned comedian who created an Egyptian news satire show to take on the ruling regime.
Young people invited to this event will hear Garry Kasparov, a master chess player and human rights advocate, discuss international corruption with Bill Browder, the investor-turned-activist behind legislation like the Magnitsky Act. They’ll engage with public servants of all backgrounds who entered tough races and beat the odds. They’ll learn from people who fund projects and build movements about the best ways to get started. And most importantly, they’ll get real insight into how to turn a vision for change into reality.
The goal of this summit is to inspire thoughtful action – to motivate people to take on real challenges; to approach those challenges in new and interesting ways; and to honor and encourage not just conversation, but results.
Read more: https://www.cafe.com/cafe-change-summit-2018/
Bill Browder is an international activist against Putin and lead proponent on the murder case resulting in what is known, worldwide as the "Magnitsky Act" .
https://twitter.com/Billbrowder/status/988447181714739200
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John Bolton chaired anti-Muslim think tank
Source: NBC
WASHINGTON — John Bolton, President Donald Trump’s new national security adviser, chaired a nonprofit that has promoted misleading and false anti-Muslim news, some of which was amplified by a Russian troll factory, an NBC News review found.
The group’s authors also appeared on Russian media, including Sputnik and RT News, criticizing mainstream European leaders like French President Emmanuel Macron.
From 2013 until last month, Bolton was chairman of the Gatestone Institute, a New York-based advocacy group that warns of a looming “jihadist takeover” of Europe leading to a “Great White Death.”
Read more: https://www-nbcnews-com.cdn.ampproject.org/c/s/www.nbcnews.com/news/amp/ncna868171
Gatestone is “a key part of the whole Islamaphobic cottage industry on the internet,” said Ibrahim Hooper, spokesman for the Council on American-Islamic Relations, a civil rights and advocacy group.
Wells Fargo's Big Fine Puts Fresh Focus on Power of Trump Tweets
Source: Bloomberg
For years, Republican lawmakers and regulators have groused about big corporate fines, arguing that they mostly punish blameless shareholders, not the executives who are responsible for misconduct.
Then President Donald Trump tweeted his ire about Wells Fargo & Co. and -- at least in the case of the embattled bank -- the GOP is singing a different tune.
Watchdogs appointed by Trump -- including a conservative former congressman -- announced Friday that Wells Fargo would pay $1 billion to settle allegations that its auto-lending and mortgage businesses abused consumers. The enforcement actions add to pain borne by the bank’s investors, who’ve endured the worst stock performance among the 20 biggest U.S. lenders since it first ran afoul of regulators over its 2016 phony accounts scandal.
https://twitter.com/laserhaas01/status/987716582209081344
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Read more: https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-04-21/wells-fargo-s-big-fine-puts-fresh-focus-on-power-of-trump-tweets
Mulvaney said Wells Fargo’s “historic violations” warranted the historic response. While $1 billion is a lot of money, it represents about 18 percent of the profit Wells Fargo reported last quarter. So, it may not have a historic impact on earnings.
Texas student defends merit of Harvard acceptance after question from former state official
Source: The HILL
https://twitter.com/thehill/status/987686656122728449
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A former Texas state official this week questioned a biracial California high school student's Harvard acceptance, asking on Twitter if he was admitted on "merit" or "quota."
Drake Johnson tweeted a photo of himself on Wednesday holding his Harvard acceptance letter and sporting the Ivy League university's sweatshirt, adding: "It's official, I'm Harvard bound."
George Clayton, a former member of the Texas state board of education, according to the Dallas Morning News, responded to the tweet.
"Congrats," Clayton wrote. "Were you admitted on merit or quota?"
Read more: http://thehill.com/blogs/blog-briefing-room/384247-texas-student-defends-merit-of-harvard-acceptance-after-question?amp&__twitter_impression=true
Romney faces test to determine if he'll have a primary challenger
Source: CNN
Mitt Romney will face the biggest test so far in his bid for US Senate on Saturday, when the Utah GOP gathers for party caucuses to decide who will be the party's nominee to replace retiring Republican Sen. Orrin Hatch.
Romney has already secured a spot on the Utah primary ballot by gathering the requisite signatures to qualify. But because of a protracted battle within the state party, Utah candidates can take two paths to the ballot: by participating in the caucus nominating process favored by party activists or by gathering signatures.
Romney has opted to do both, in a nod to party activists who view the signature gathering process as a boon to big-money, establishment candidates.
It's unclear whether Romney will emerge from Saturday's caucus voting as the party's anointed candidate, even though the former Massachusetts governor has put 9,000 miles on his 2002 Chevy truck visiting all 29 Utah counties in the past two months.
Read more: https://www.cnn.com/2018/04/20/politics/romney-utah-gop-convention/index.html
A relative of Mitt's failed his bid to run for Governor of Colorado.
WATCH: Massive Cop Slams Handcuffed Teen Girl into Counter for Mouthing Off
Source: Free Thought Project
San Antonio, TX — A San Antonio police officer is under an internal investigation this week after cellphone video shows him slam a handcuffed 16-year-old girl into the counter in her school office and then force her down as she screamed for help.
According to the girl and the San Antonio police department, the entire incident allegedly began over cussing.
The incident occurred during school hours on Wednesday after an SAPD officer was called to Por Vida Charter High School. The officer was not called to the school to arrest the girl. Instead, he was there to remove a Spanish-speaking woman from the office for refusing to leave.
The 16-year-old girl, Tiffany Rodriguez explained to KABB news that the woman did not speak English and she thought the officer was treating her unfairly. So, she spoke up about it.
“Yeah I was mouthing off, but I was mouthing off to help the lady out like translating Spanish, because he didn’t know Spanish,” said Rodriguez.
Read more: https://thefreethoughtproject.com/handcuffed-girl-manhandled-police-school/?utm_source=getresponse&utm_medium=email&utm_campaign=rssfeednewsletter&utm_content=The+Free+Thought+Project+Newsletter
Florida GOP group says it rescinded Roger Stone invitation after attack on Barbara Bush
Source: The HILL
https://twitter.com/thehill/status/987511295380516865
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President Trump's longtime friend and former adviser Roger Stone was uninvited to an annual dinner by a Florida GOP group after attacking former first lady Barbara Bush.
The Okaloosa Republican Executive Committee told Northwest Florida Daily News on Thursday that the invitation was rescinded after Stone called Bush "a nasty drunk."
Stone reportedly also said she "drank so much booze, if they cremated her ... her body would burn for three days," according to media reports.
The GOP committee's chairman, Mark Franks, said the organization "ended our contract" with Stone, who was scheduled to be the keynote speaker for their Lincoln Reagan Day Dinner in May
Read more: http://thehill.com/blogs/blog-briefing-room/news/384168-florida-gop-group-strips-roger-stone-invitation-after-attack-on?amp&__twitter_impression=true
Trump told Pruitt to 'cool it' amid controversies: report
Source: The HILL
https://twitter.com/thehill/status/987512255490215937
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President Trump told EPA Administrator Scott Pruitt to "cool it" on attracting negative media attention during a recent White House Cabinet meeting, The Washington Post reported Friday.
During an April 9 gathering with Cabinet officials, Trump reportedly discussed several of Pruitt's ongoing scandals, including reports that Pruitt lived in a condo for months owned in part by the wife of a top energy lobbyist.
In the meeting, Trump reportedly questioned the findings of the EPA's own ethics officials, who had determined that Pruitt's $50 per night deal to stay in the condo was at market rate.
"Cool it," Trump reportedly said, referring to Pruitt's bad press
Read more: http://thehill.com/policy/energy-environment/384164-trump-told-pruitt-to-cool-it-amid-controversies-report?amp&__twitter_impression=true
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Name: Laser HaasGender: Do not display
Hometown: Anywhere USA
Home country: United States
Current location: NOMADIC
Member since: Mon Apr 21, 2008, 01:12 PM
Number of posts: 7,805
