Daily Archives: November 16, 2015

Hillary Clinton Was A Top Recipient Of Wall Street Cash Before 9/11 Attacks

International Business Times:

“I did spend a whole lot of time and effort helping them rebuild,” continued Clinton, who took office as New York’s junior senator just eight months before the attack on the World Trade Center. “That was good for New York. It was good for the economy. And it was a way to rebuke the terrorists who had attacked our country.” The former New York senator and secretary of state doubled down. “I worked closely with New Yorkers after 9/11 for my entire first term to rebuild,” she said. “And so yes, I did know people. I had a lot of folks give me donations.”

But according to an International Business Times review of federal records, Clinton was raising big campaign cash — and her family was being paid speaking fees — from Wall Street firms well before the 9/11 attacks.

In her 2000 U.S. Senate race, Clinton vacuumed in more than $1.1 million from the securities and investment industry, according to data compiled by the nonpartisan Center for Responsive Politics. That made her the third- largest recipient of Wall Street money of any member of Congress or congressional candidate running in that entire election cycle, which concluded 10 months before 9/11.

The securities and investment sector was Clinton’s third-largest source of campaign cash in the 2000 cycle, after lawyers and retirees. In fact, four of Clinton’s top 10 campaign donors during the election were employees from major Wall Street banks Citigroup ($105,650), Goldman Sachs ($89,920), JP Morgan ($53,750) and UBS ($53,750). On top of that, employees of Credit Suisse gave her $47,500 and employees of Bear Stearns gave her $39,400. According to CRP data, Clinton in 2000 was, out of all U.S. Senate candidates that year, the No. 2 recipient of campaign cash from employees of hedge funds, the third-largest from employees of private equity firms, the fourth-largest from employees ofcommercial banks and the sixth-largest from employees of mortgage bankers and brokers.

Clinton’s campaign in 2000 was also supported by the national Democratic Senatorial Campaign Committee, which raised more than $4.2 million from the finance sector that cycle. The DSCC ended up directing almost $7 million to the Democratic Committee of New York State in the 2000 election. The DSCC and Clinton campaign also set up a joint fundraising committee called New York Senate 2000. That group’s third-biggest contributor was donors from the securities and investment industry.

In the months between Clinton’s election and the 9/11 attacks, her family benefited from big speaking fees from major Wall Street banks. According to federal financial disclosure forms, Bill Clinton was paid $125,000 by Morgan Stanley Dean Witter in February 2001 — just weeks after leaving the White House — and was paid another $125,000 by Credit Suisse First Boston later that same month.

In March 2001, after all the Wall Street cash flowed to her campaign and family, Clinton switched her position and voted for a bill backed by the finance industry that made it harder for Americans to discharge their debts in bankruptcy court.

Florida woman sues Wells Fargo Bank after robo dialer called her cellphone more than 6,000 times

Here we go again…

Robocalls are public enemy No. 1 when it comes to consumer complaints, but one Florida woman is fighting back.

Lea Bourgeois is suing a debt collector in federal court — accusing them of calling her cellphone thousands of times.

She says they would call from 8 a.m. until 9 p.m.  She never suspected one late mortgage payment would trigger what she considers an avalanche of harassment.

Bourgeois’s attorney Billy Howard with Morgan and Morgan says it is a case of robo bullying.

Federal law outlaws robocalls to cellphones. After you ask a debt collector to stop calling your cell, every call after that amounts to a minimum of $500 per call violation.  It is money you can sue for.

Bourgeois showed WFTS-TV in Tampa the letter that she sent to Wells Fargo asking for the calls stop.  WFTS found nearly 30 other federal lawsuits have been filed since 2014.
Read on.

House to vote Monday on limiting GSE CEO pay

Senate version passed unanimously, similar support expected in House

Read on.

Bill Clinton Defends Hillary’s Wall Street Ties

Sorry Bill, but Hillary’s donations from Wall Street and her plan for Wall Street as President is very questionable. Both political parties have right to question and challenge Hillary. Bernie and Martin should not get her pass because they are all from the same party. And that goes for any issues. All Presidential candidates from both parties should challenge one another on issues that matters in this country.  And her stance of not wanting to reinstate Glass-Steagall bill, the same bill that Bill Clinton repealed, is not helping Hillary to win voters over that she is a trustworthy President that will go after Wall Street execs on their financial crimes…

Bloomberg:

Former President Bill Clinton insisted Sunday that his wife doesn’t deserve to be attacked by her fellow Democratic candidates for her relationship with Wall Street as opponents on both sides of the aisle jump to attack her defense those ties.

“It is a stretch. Those of us who were there know that,” he told reporters gathered on the rope line after Hillary Clinton spoke Sunday at the Central Iowa Democrats Fall Barbecue on the campus of Iowa State University in Ames.

……………………

Her husband didn’t respond to questions about those comments, but her opponents didn’t let up on their jabs Sunday, arguing that she went too far in invoking the terror attacks to justify her ties to Wall Street.

Speaking at the same barbecue, O’Malley, who on Saturday night called the comments a “gaffe,” said Clinton “sadly invoked 9/11 to try to mask” the influence that Wall Street has had on her. “But she doesn’t have to mask it. It is what it is,” he said. “That is the sort of economy, that is the sort of economic advice that she would follow.”

After his remarks, O’Malley was asked whether Clinton should apologize for her 9/11 comments.

“My guess is she probably regrets it,” O’Malley responded, adding that Clinton’s debate answer was a “very distasteful way trying to pump out a smoke screen for her coziness for the big banks of Wall Street by invoking the tragedy of 9/11 and those attacks especially so fresh after so many were murdered in Paris.”

Former Princeton professor Cornel West, speaking on behalf of Sanders, also cut into Clinton. “I was trying to help New York regroup after 9/11,” he said, invoking Clinton’s comments. “OK. Plausible but not persuasive.”

CBS NY: Proposal Would Re-Purpose ‘Zombie Homes’ For Homeless Veterans

From CBS New York:

“Just one veteran that is homeless is one too many, and our programs we are finding that there are more and more that are still homeless,” Greta Guarton, LI Coalition for The Homeless said.

Now, there is a single possible solution for two persistent problems.

[Read More]

MICHIGAN PROSECUTORS PRESSURED LAB ON MEDICAL MARIJUANA RESULTS

THE MICHIGAN STATE POLICE Forensic Science Division finds itself embroiled in scandal as newly released emails paint a picture of a crime lab in turmoil over how to classify marijuana. Attorneys and medical marijuana advocates accuse Michigan prosecutors of pressuring the state’s crime lab to falsely classify the origins of THC found in hash oils and marijuana edibles as “origin unknown.”

Prosecutors exploited the ambiguity to charge medical marijuana users for possession of synthetic THC, despite the fact that the personal use of medical marijuana has been legal in Michigan since it was approved by voters in 2008. Under Michigan law, possession of synthetic THC constitutes a felony, whereas possession of marijuana and its derivatives by someone who is not a licensed medical marijuana user is a misdemeanor.

The emails were obtained by Michael Komorn, lead lawyer for Max Lorincz, a medical marijuana patient who lost custody of his child and now faces felony charges after the lab’s misleading classification of hash oil found in his home.

“I’d never seen a lab report reporting origin unknown,” Komorn told The Intercept. “What was produced for us was the most unbelievable set of documents I’ve ever seen.”

The emails show that as Michigan forensic scientists debated how to classify oil and wax produced from marijuana plants, they were pressured by police and prosecutors to classify the products in a way that would facilitate harsher drug convictions.

Read on.

Encrypted messaging apps helping terrorists “go dark”

Apparent lack of chatter before Paris attacks may indicate a dangerous change in the way extremist groups are communicating with each other.

CBS News:

NEW YORK —The apparent lack of chatter before terrorists carried out a string of deadly attacks across Paris may indicate a dangerous change in the way extremist groups are communicating with each other.

“I think what you’re seeing here is what FBI Director Jim Comey calls ‘going dark,'” NYPD deputy commissioner for intelligence and counterterrorism John Miller told CBS News’s Norah O’Donnell.

“In the time following the Snowden debate about privacy and government overreaching and all of those allegations, a series of apps have come out that are encrypted, that have messages that self-destruct, set to a timer, that can hold group chats that are completely protected from surveillance for up to 200 people,” he said.

According to Miller, terrorists are exploiting those apps.

“You can walk in with a court order from a federal judge, hand it over to the company and say, ‘We need to see what’s inside here’ — just like we did in Mumbai, just like we did after 9/11 — and they’ll tell you, ‘We can’t see what’s inside. We designed it to be uncrackable,'” Miller said. “That’s a real challenge.”

As far as whether the U.S. could be hit by a similar series of attacks, Miller said, “It certainly could.”