carrying a tort
New York State Attorney General Eric Schneiderman filed a civil lawsuit against JPMorgan yesterday, charging the firm with widespread fraud committed by the mortgage securitization unit of Bear Stearns, which JPMorgan acquired in 2008. Not everyone was impressed.
JPMorgan spokesman Joe Evangelisti said the bank was “disappointed” that Mr. Schneiderman filed his lawsuit without giving Read More
When former Minnesota governor Tim Pawlenty was campaigning to be the Republican presidential nominee, he told reporters that his “truth message to Wall Street is going to be, ‘Get your snout out of the trough.’” Which, maybe that’s still his truth message? But instead of delivering it as co-chairman of Mitt Romney’s campaign, Governor Pawlenty will be speaking it as head of the Financial Services Roundtable, a banking industry lobby.
Somewhere, an algorithm read the coverage of yesterday’s Senate Banking Committee hearing on high-frequency trading, and figured it will take years for the government to hammer out reforms to fix market structure issues.
If you missed it over the weekend, New York Attorney General Eric Schneiderman is investigating the tax practices of private equity firms. At the center of the inquiry is the practice of converting management fees into investments that are taxed at more favorable rates. The private equity industry says such conversions are widely practiced and accepted; here’s a tax lawyer who says they’re illegal.
Attorney General Eric Schneiderman announced yesterday a new policy that will require developers to give potential buyers the chance to view offering plans in digital format.
The new plan, which will become mandatory April 1, is part of the Attorney General’s strategy to digitize his office’s real estate oversight capabilities while also helping the flow of transactions, it announced.
The Obama administration wants to reach a broad settlement with some of the nation’s banks over some sketchy foreclosure practices they have allegedly engaged in during the past few years. But New York State Attorney General Eric Schneiderman is resisting pressure from Washington to sign on to the proposed settlement. He and several colleagues argue that the settlement would make it more difficult for them to prosecute banks suspected of wrongdoing.
Mr. Schneiderman’s position is admirable. If he believes the settlement is not in the best interests of New York consumers, he should continue to resist.
Is there any greater indignity than seeing Wayne Barrett’s byline at the Daily Beast?
Yes. It is hearing about his assignments from Tina Brown–the magazine editor of our lifetime, as he calls her–in this incredible NY1 profile that we have no idea how to embed.
“The first assignment I got was to do Read More
Attorney General Eric Schneiderman is reiterating his call for an environmental study of hydrofracking after an equipment failure at a Pennsylvania well sent thousands of gallons of chemically-treated water into the surrounding area, and caused the operator to suspend the practice while it investigates what went wrong.
“The events unfolding in Read More
In June of last year, before he began positioning himself as the most rabid Birther candidate for president on the Republican right, developer and casino operator Donald Trump gave $25,000 to the campaign of Kathleen Rice, the Democratic DA of Nassau County, who was the early front-runner to replace Andrew Cuomo as New York state Read More
Libya: Obama’s speech in March “seemed to elevate the absence of a doctrine to a doctrine.” [Bill Keller]
2013: “Eliot running as an independent would be an asset to a Republican nominee because it would create a division of loyalty in the Democratic base,” says Dick Grasso. [Michael Saul]
The state’s former comptroller, Alan Hevesi, was sentened today to one to four years in prison.
Hevesi pleaded guilty to trading access to the state’s pension fund in exchange for favors and campaign cash. His lawyer pleaded for leniency, citing Hevesi’s long record of public service, and declining Read More