Daily Archives: July 26, 2016

Bernie Sanders Holds Back Tears As Brother Memorializes Their Parents During DNC Vote

It is official that Hillary Clinton had clinched the nomination for President. But, this roll call vote for Larry Sanders, Bernie Sanders, who cast the final vote as a representative of Democrats living abroad was very emotional. Yes, Bernie Sanders has lost the Presidential nomination. But the media tend to forget that candidates have family and parents too and may have been the first of their family to run for President or any other public office position. Indeed, any parent would be proud of his or her child that wanted to make a difference in this world.

Huffington Post:

“I want to read, before this convention, the names of our parents, Ely Sanders and Dorothy Sanders,” said Larry. “They did not have easy lives, and they died young. They would be immensely proud of their son and his accomplishments. They loved him.”

“They loved the new deal of Franklin Roosevelt and would be especially proud that Bernard is renewing that vision,” he continued. “It is with enormous pride that I cast my vote for Bernie Sanders.”


WikiLeaks dump show that DNC attorneys had given strategy advice to hurt Sanders

Jared explains latest developments of the DNC fraud lawsuit in video.

From DNC fraud lawsuit from Facebook:

LATEST UPDATE: Plaintiffs will be seeking to disqualify lawyers for the DNC and Debbie Wasserman Schultz.

 July 25, 2016 Two emails from Cullin O’Brien (Plaintiffs’ counsel) to Elisabeth C. Frost regarding Motion to Disqualify, with attached Exhibits A, B and C  7-25-16 email 1 FROM Cullin O’Brien7-25-16 email 2 FROM Cullin O’Brien

Exhibit A to Meet and Confer

Exhibit B to Meet and Confer

Exhibit C to Meet and Confer

WikiLeaks’ Julian Assange: ‘No Proof’ Hacked DNC Emails Came From Russia

WikiLeaks founder Julian Assange told NBC News on Monday that “there is no proof whatsoever” that his organization got almost 20,000 hacked Democratic National Committee emails from Russian intelligence —adding it’s what’s in the emails that’s important, not who hacked them.

In a Skype interview with Richard Engel for “NBC Nightly News,” Assange rejected that it hadn’t even been proven that it was WikiLeaks that published some email messages that have been analyzed in outlets like The New York Times.

Read on.

Bank of America Settles Mortgage-Back Securities Case with Public Fund

The bank has agreed to pay $335 million to settle a lawsuit brought by the Pennsylvania Public School Employees’ Retirement System.

The U.S. District Court for the Southern District of New York has preliminarily approved a settlement of a lawsuit brought by Pennsylvania Public School Employees’ Retirement System against Bank of America over the bank’s mortgage-back securities program.

The lawsuit, originally filed in 2011, claims the defendant violated federal securities law by allegedly misrepresenting and concealing the magnitude of the bank’s potential exposure to demands to repurchase mortgage-backed securities that had been sold by Bank of America and Countrywide Financial Corporation, and about alleged risks to the Bank arising from its use of and reliance on a national database that tracks changes in mortgage servicing rights and beneficial ownership interest in loans secured by residential real estate. The lawsuit claims the misrepresentations caused Bank of America stock to trade at artificially inflated prices.

Read on.

Leaked emails show DNC staffers keeping close eye on Wasserman-Schultz’s challenger Tim Canova’s rise


Update 10:45 a.m.: It appears Debbie Wasserman Schultzpersonally asked staff to remove Tim Canova’s name from a headline in a statement sent out after Bernie Sanders endorsed Canova.

From Wikileaks:

Re: Debbie …please approve…team thinks this is the right approach…”High Road”

Re: Debbie …please approve…team thinks this is the right approach…”High Road”


To: MirandaL@dnc.org

Date: 2016-05-21 17:49

Subject: Re: Debbie …please approve…team thinks this is the right approach…”High Road”

And take his name out of the headline.


> On May 21, 2016, at 3:47 PM, Miranda, Luis <MirandaL@dnc.org> wrote: > > Recommend you call it statement, not reaction. > > > From: Ryan Banfill [ryan@dwsforcongress.com] > Sent: Saturday, May 21, 2016 3:45 PM > To: Miranda, Luis > Cc: Debbie Wasserman Schultz; Hilary Rosen; P. Aikowsky; tspough@earthlink.net; Ed Peavy; Dave Beattie > Subject: Re: Debbie …please approve…team thinks this is the right approach…”High Road” > > > > Contact: Ryan Banfill, (850) 933-7707 > > Reaction of Congresswoman Debbie Wasserman Schultz to Senator Sanders endorsement of Tim Canova > > “I am so proud to serve the people of Florida’s 23rd district and I am confident that they know that I am an effective fighter and advocate on their behalf in Congress. Even though Senator Sanders has endorsed my opponent I remain, as I have been from the beginning, neutral in the Presidential Democratic primary. I look forward to working together with him for Democratic victories in the fall.” > > > Sent from my iPad > > > Sent from my iPad > > > Sent from my iPad > > On May 21, 2016, at 3:44 PM, Miranda, Luis <MirandaL@dnc.org> wrote: > >> It’s out, by the way: >> >> http://www.cnn.com/2016/05/21/politics/bernie-sanders-debbie-wasserman-schultz/index.html >> >> Bernie Sanders says he’s backing DNC chair’s primary opponent >> >> Washington (CNN)Vermont Sen. Bernie Sanders on Saturday said he supports Democratic National Committee Chairwoman Debbie Wasserman Schultz’s Democratic opponent in her August 30 primary, adding that if he is elected president, he would effectively terminate her chairmanship of the DNC. >> >> >> Sanders, whose campaign has engaged in an increasingly bitter feud with the DNC chairwoman during his presidential bid, said in an interview set to air on CNN’s “State of the Union” that he favors Tim Canova in Florida’s 23rd congressional district. Canova is supporting Sanders. >> >> >> “Well, clearly, I favor her opponent,” Sanders told Tapper. “His views are much closer to mine than as to Wasserman Shultz’s.” >> >> Sanders added that if he’s elected president, he wouldn’t reappoint Wasserman Schultz to head the DNC. >> >> >> Sanders’ campaign has long been critical of Wasserman Shultz’s performance as head of the committee, claiming that the DNC has favored his presidential primary challenger, Hillary Clinton. Sanders and his supporters have complained about the nomination process and ways they believe it has helped Clinton, including debates held on Saturday nights, closed primaries in major states such as New York, and the use of superdelegates — essentially free-agent party and union stalwarts who are overwhelmingly backing Clinton. >> >> Canova, who teaches at Nova Southeastern University Shepard Broad College of Law in Fort Lauderdale, was asked in 2011 to serve on Sanders’ Wall Street reform advisory panel. He has called for greater regulation of Wall Street, writing on his campaign website that “we are now in a new Gilded Age.” Like Sanders, he also opposes the Trans-Pacific Partnership trade deal. >> >> “Time and time again, (Clinton) has voted to protect the pools of dark money in politics,” Canova recently told the New Times newspaper of Broward-Palm Beach. >> >> While Sanders has a strong ability to raise money and thus could impact the race, he did not fare well in Wasserman Schultz’s congressional district during the March Florida presidential primary, scoring 30.1% of the vote compared with Clinton’s 68%. >> >> >> RELATED: Sanders campaign manager: DNC chairwoman ‘throwing shade’ on Bernie >> >> On Wednesday, Jeff Weaver, Sanders’ campaign manager, slammed Wasserman Schultz after she told CNN the Vermont senator did not do enough to condemn his supporters’ behavior at the party’s raucous Nevada convention last week. >> >> “We can have a long conversation about Debbie Wasserman Schultz just about how she’s been throwing shade on the Sanders campaign from the very beginning,” Weaver told CNN’s Chris Cuomo on “New Day.” >> >> >> “It’s not the DNC,” Weaver added. “By and large, people in the DNC have been good to us. Debbie Wasserman Schultz really is the exception.” >> >> Wasserman Schultz has pushed back against Sanders’ accusation that the party had rigged the system against him. >> >> >> “We’ve had the same rules in place that elected Barack Obama. These rules were adopted for state parties all across the country in 2014,” she said earlier this week. >> >> Asked about the “throwing shade” line on Wednesday, Wasserman Schultz told CNN’s Wolf Blitzer, “My response to that is hashtag SMH (shake my head).”




Barclays triumphs in toxic mortgage bond row with U.S. Bank, FHFA

Barclays Bank and a defunct subprime lending unit of the company are off the hook for allegedly misrepresenting the quality of the mortgages that made up a $619 million mortgage bond after the Supreme Court of the state of New York ruled that U.S. Bankand the Federal Housing Finance Agency waited too long to file a lawsuit against Barclays.

Law360 first reported the news of the dismissal.

According to court documents, Judge Marcy Friedman ruled recently that U.S. Bank, acting as the trustee for Structured Asset Securities Corporation Mortgage Loan Trust, and the FHFA, acting as the conservator for Freddie Mac, filed suit against Barclays and the now-shuttered EquiFirst beyond the statute of limitations, and is therefore dismissing the lawsuit.

Read on.

Fed prepares action against Goldman over NY Fed leak: NYT

The U.S. Federal Reserve is preparing an enforcement action against Goldman Sachs Group Inc related to a leak of confidential government information to one of its employees, the New York Times reported on Monday.

The action will include a penalty of less than $50 million, the Times said, citing people briefed on the matter.

The Fed is also considering taking action against a former Goldman executive who had access to the leaked material, according to the Times, which did not name the former executive.

The Fed penalty would come two years after revelations that an employee at the New York Fed, Jason Gross, had leaked sensitive information to a Goldman banker named Rohit Bansal. Gross and Bansal pleaded guilty to theft of government property in November.

Read on.