Daily Archives: February 26, 2016

Clinton On Not Releasing Wall Street Speeches: ‘I’m On The Public Record’ (VIDEO)

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Clinton was on Morning Joe this morning. Another response from her regarding releasing the Wall Street transcript speeches. This is really going to haunt her throughout this Presidential race. We don’t know what she said from her speeches. But, by Clinton dodging and flip flopping on whether to release the transcripts only making the public believe that she has something to hide even if there is much to do about nothing..

TPM:

Clinton has been repeatedly asked—most recently by the New York Times editorial board, which also endorsed her candidacy—to reveal transcripts of her paid speeches to banks like Goldman Sachs after she stepped down as Secretary of State.

When host Mika Brzezinski asked if Clinton is worried about someone else releasing her speeches, Clinton said the speeches were irrelevant to her record.

“The real question underneath this is OK, if you take money from Wall Street, can you regulate Wall Street? Well, Barack Obama took more money from Wall Street than any candidate who’s ever run for president. Turned around, passed and signed the Dodd-Frank bill. So, I think you should be judged on what you’ve done,” she said.

“I’m more than happy to put my record against Bernie Sanders,” Clinton added.

She wants her record put up against Republicans as well, she said.

“I don’t mind answering questions, but at some point I want everybody to have to answer,” Clinton said.

Brzezinski countered, “Can you assure the American people that you didn’t say anything in those speeches that would undermine your promise to be tough on Wall Street?”

Clinton said her decades-long public record is more revealing than a speech transcript.

“Absolutely, absolutely. Absolutely. And besides, I’m on the public record. I told them what I’m going to do. I said I’m going to go after big banks that pose a systemic risk. I want you to hold me accountable for that because I will do that exactly,” Clinton said.

Bill introduced to protect California widows, widowers against foreclosure

A new bill introduced by state Sen. Mark Leno, D-San Francisco, would provide protections to widows and widowers who want to stay in their home, the senators office said Thursday.

The bill provides protections against foreclosure that are available to other homeowners but not to spouses and children of deceased kin.

Survivors who are not on the loan are not covered by California’s Homeowner Bill of Rights, lenders argue, the senator’s office said.

The HBOR requires survivors have a single point of contact at a mortgage lender and keeps lenders from foreclosing on a home when homeowners are seeking a loan modification.

Survivors have reported that lenders refuse to talk to them or lenders refuse to provide the facts about the loan and foreclosure avoidance options.

Read on.

Who’s Regulating For-Profit Schools? Execs From For-Profit Colleges

And many of them come from schools that have been under investigation.

This story was co-published with The Chronicle of Higher Education.

College accreditors have come under scrutiny recently for allowing for-profit schools to collect billions in federal aid despite low graduation and high default rates.

Accreditors are supposed to be watchdogs for college quality. They are not government agencies but colleges need an accreditor’s seal of approval so students can qualify for federal loans.

The agency that has received the most heat is the Accrediting Council for Independent Colleges and Schools. ACICS allowed Corinthian Colleges Inc. to keep on operating right up until the for-profit college chain collapsed after evidence emerged that the schools hadlured thousands of poor students into predatory loans. The accreditor placed a Corinthian campus on its “honor roll” just months before the Education Department forced the school to shut down.

ACICS, which oversees hundreds of for-profit colleges, is now the target of twogovernment investigations. A ProPublica analysis also found that schools overseen by ACICS had the lowest graduation rates compared with other accreditors.

So who are the people behind the beleaguered accreditor? They include executives from some of the most scandal-plagued schools in the country.

Read on.

NY Times Op-Ed: Mrs. Clinton, Show Voters Those Transcripts

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“Everybody does it,” is an excuse expected from a mischievous child, not a presidential candidate. But that is Hillary Clinton’s latest defense for making closed-door, richly paid speeches to big banks, which many middle-class Americans still blame for their economic pain, and then refusing to release the transcripts.

A televised town hall on Tuesday was at least the fourth candidate forum in which Mrs. Clinton was asked about those speeches. Again, she gave a terrible answer, saying that she would release transcripts “if everybody does it, and that includes the Republicans.”

In November, she implied that her paid talks for the Wall Street firms were part of helping them rebuild after the 9/11 attacks, which “was good for the economy and it was a way to rebuke the terrorists.”

In a debate with Bernie Sanders on Feb. 4, Mrs. Clinton was asked if she would release transcripts, and she said she would “look into it.” Later in February, asked in a CNN town hall forum why she accepted $675,000 for speeches to Goldman Sachs, she got annoyed, shrugged, and said, “That’s what they offered,” adding that “every secretary of state that I know has done that.”

At another town hall, on Feb. 18, a man in the audience pleaded, “Please, just release those transcripts so that we know exactly where you stand.” Mrs. Clinton had told him, “I am happy to release anything I have when everybody else does the same, because every other candidate in this race has given speeches to private groups.”

On Tuesday, Mrs. Clinton further complained, “Why is there one standard for me, and not for everybody else?”

Read on.

 

Despite $1.2B settlement, Wells Fargo still facing DOJ probe into mortgage operations

Despite recently agreeing to a $1.2 billion settlement with the federal government to resolve claims related to its Federal Housing Administration lending program from 2001-2010, Wells Fargo is still facing investigations into its “mortgage related practices” from the Department of Justice, as well as other federal and state agencies, the megabank disclosed this week.

According to a Reuters report, Wells Fargo stated in is 10-K filing with the Securities and Exchange Commission that the bank is currently under investigation by a number of agencies over the mortgage operations of both Wells Fargo and its “predecessor institutions.”

Read on.