Daily Archives: November 19, 2016

Obama Refuses to Pardon Edward Snowden. Trump’s New CIA Pick Wants Him Dead.

PRESIDENT OBAMA INDICATED on Friday that he won’t pardon NSA whistleblower Edward Snowden, even as President-elect Donald Trump announced his pick to run the CIA: Kansas congressman Mike Pompeo, who has called for “the traitor Edward Snowden” to be executed.

Pompeo has supported nearly unfettered NSA surveillance, has blamed Muslim leaders for condoning terror, and is one of the most hyperbolicmembers of Congress when it comes to describing the Islamic State, which he has called “an existential threat to America” and “the most lethal and powerful terrorist group ever to have existed.”

In an interview with Obama published on Friday, German newspaper Der Spiegel asked: “Are you going to pardon Edward Snowden?” Obama replied: “I can’t pardon somebody who hasn’t gone before a court and presented themselves, so that’s not something that I would comment on at this point.”

Read on.

Thanks to OCC: Wells Fargo now needs approval before making executive changes; golden parachutes banned

Housingwire:

The OCC portion of that fine was $50 million. But for currently unknown reasons, the OCC announced late Friday that it is placing several new sanctions on Wells Fargo that were previously excluded from its settlement with the bank.

Chief among those sanctions is that the bank is now required to ask the OCC for approval if it wants to make a change to its board of directors or its senior executive officers.

Wells Fargo is also now prohibited from providing “golden parachute” payments to any departing executives or board members.

According to Bloomberg, banks are typically grated relief from these types of sanctions as part of settlements with regulators, as they were in Wells Fargo’s initial settlement with the OCC, but now the OCC is dropping the hammer on Wells Fargo.

The restriction on golden parachutes, which are payments made to executives or board members as they leave the company, is interesting, considering the amount of heat that Wells Fargo took over the “retirement” of Carrie Tolstedt, the former head of Wells Fargo unit responsible for the fake account scandal.

Statement By NY AGSchneiderman On $25 Million Settlement Agreement Reached In Trump University Case

From NY AG press release:

NEW YORK – Attorney General Eric T. Schneiderman issued the following statement on the $25 million settlement agreement reached in Trump University case:

In 2013, my office sued Donald Trump for swindling thousands of innocent Americans out of millions of dollars through a scheme known as Trump University. Donald Trump fought us every step of the way, filing baseless charges and fruitless appeals and refusing to settle for even modest amounts of compensation for the victims of his phony university. Today, that all changes. Today’s $25 million settlement agreement is a stunning reversal by Donald Trump and a major victory for the over 6,000 victims of his fraudulent university.

I am pleased that under the terms of this settlement, every victim will receiverestitution and that Donald Trump will pay up to $1 million in penalties to the State of New York for violating state education laws. The victims of Trump University have waited years for today’s result and I am pleased that their patience–and persistence–will be rewarded by this $25 million settlement.

Jeff Sessions: a full-service bad choice for AG

By David Dayen