35 Burst results for "Letitia James"
Monitor Show 12:00 09-09-2023 12:00
"A Montaigne. And of course, thank you for listening to us this week. I'm Scarlett Foo. You can follow me on X at Scarlett Foo and I'm Damien Sasseur. You can follow me on X at the Sasseur. Thanks for joining us. Tune in again next week for the latest on the stories moving big money in the world of sports. You are listening to the Bloomberg Business of Sports show from Bloomberg Radio around the world. Stay with us. Today's top casting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. More than 1000 people are dead and hundreds more injured after a powerful earthquake hit Morocco. That country's interior ministry raised the death toll again today following the six point eight magnitude that struck late Friday night. It's being called the strongest earthquake to strike the North African nation in more than a century. President Biden is pledging U .S. support. Biden, who is attending the G20 summit in India, issued a statement this morning saying he is deeply saddened by the loss of life and devastation. He also vowed to work expeditiously to ensure American citizens in Morocco are safe. California Democrat and former House Speaker Nancy Pelosi is running for re -election. John Fink has the story. The former House speaker announced her candidacy on X, formerly known as Twitter on Friday. In her statement, she said, Our country needs America to show the world that our flag is still there with liberty and justice for all. That is why I am running for re -election and respectfully ask for your vote. I'm John Fink. Protesters were out in force at Grand Central Station in New York on Friday over an NYPD officer not being charged by the state attorney general. Jacqueline Carl reports. Black Lives Matter activists rallied at the major transit hub calling for NYPD Sergeant Eric Duran to be charged by A .G. Letitia James.
Monitor Show 23:00 09-05-2023 23:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Harris Wald is my producer. I'm Barry Rituls. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. First Lady Jill Biden has tested positive for COVID -19. Her office confirmed the news Monday, saying the 72 -year -old is experiencing mild symptoms. She's expected to remain at her home in Delaware. Meantime, the White House says President Biden tested negative for the virus Monday evening. He'll test at a regular cadence this week and monitor for symptoms. Police in Pennsylvania are still searching for an escaped inmate they call extremely dangerous. We're asking residents to check on their neighbors. If they're not at home, please let us know so we can check their property and their absence. Lieutenant Colonel George Bivins said they're working to find convicted murderer Danilo Cavalcante and want to make sure no one is hurt in the process. New York State Attorney General Letitia James is calling for coordination amid an influx of asylum seekers. Liz Warner reports. James is one of several New York officials marching in the West Indian Day parade and she commented on the recent letter exchange between Governor Hochul and Mayor Adams. The letters, the accusations, the recriminations don't serve anyone and what we really need is someone to coordinate. And so I would urge everyone to get together in a room or on a Zoom call.
A highlight from Crypto and the Major Questions Doctrine
"Welcome back to The Breakdown with me, N .L .W. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Monday, August 7th. And today we are talking about the latest in Coinbase's fight against the SEC. A quick note before we dive in. Sponsorship is back open again on The Breakdown. You've heard over the last few weeks a number of sponsors of the show, and we are currently booking out for the fall and into the beginning of next year. If your company is looking to reach easily the smartest audience in the crypto space, shoot me a DM or send us a note at sponsors at breakdown network. And with that, let's get into this show. Now, this morning, a really significant thing happened. And that is, of course, PayPal's announcement of PiUSD, which is their new stablecoin offering built on Ethereum. Right now, the leading contender for the most important trend of this bear market is TradFi muscling in on the territory that was seeded by crypto native companies behaving badly. And this could obviously be another big example of that. Now, this news just happened after I had already prepared today's show, so we will get all into that tomorrow. But for now, we have some big things from the end of last week to catch up on. On Saturday, CoinFund CEO Jake Brookman tweeted, This might be one of the most important documents ever produced that explains why digital assets are, in general, not securities. The document he was talking about came from Coinbase, and it was a request from that company to dismiss the SEC's case against them. Coinbase chief legal officer Paul Grewal wrote, Today Coinbase filed our brief asking the court to dismiss the SEC's case against us. Our core argument is simple. We do not offer investment contracts as that term has been construed by decades of Supreme Court and other binding precedent. By ignoring that precedent, the SEC has violated due process, abused its discretion and abandoned its own earlier interpretation of the securities laws. By ignoring that precedent, the SEC has trampled the strict boundaries on its basic authority set by Congress. So there is a lot in here. And even in that short thread, you can see that there's really at least two big things going on. The first is an argument about what is or isn't a security, and the second is about where the SEC's authority really begins and ends. So let's take a step back and get into it. Coinbase has officially asked the court to dismiss the SEC's lawsuit against them. On Friday, they filed a motion for judgment on the pleadings, which raised questions about the validity of the lawsuit and indeed whether the SEC even has the jurisdiction to police the crypto space. The Coinbase motion argues along two dimensions. First, they argue that cryptos are not securities. Now, the argument for Coinbase rests on the familiar Howey test analysis, which we've seen across all token cases to date. Howey, you'll remember, identifies investment contracts as a class of security sales which are subject to SEC regulation. And for a sale to be considered an investment contract under Howey, it has to satisfy a number of different elements. It must be an investment of money. That investment of money must be in a common enterprise. There must be the expectation of profit, and specifically the expectation of profit must be derived from the efforts of others. In other words, this isn't something that you are putting work into yourself and expecting to benefit from thusly. In their motion, Coinbase argued that sales of tokens on their platform, quote, do not involve contractual undertakings to deliver future value, reflecting the income, profits or assets of a business. They are commodity sales with the obligations on both sides discharged entirely the moment the digital token is delivered in exchange for payment. Now, of course, they also discussed last month's decision in the Ripple lawsuit. In essence, the judge in that case decided the tokens in and of themselves are not securities, but they are sometimes sold alongside promises from an issuer, which would make those particular sales subject to SEC regulations. Coinbase argued that the facts in Ripple were, quote, substantially identical to those alleged here. Specifically, one of the key decisions in the Ripple case was that anonymous sales of the XRP token through an order book were not considered to be sales of investment contracts. For that reason, they were not found to be under the SEC's jurisdiction. Coinbase are arguing that the 13 tokens named by the SEC in their case are substantially similar to Ripple's XRP and should have the same results from Howie analysis. This would mean, of course, that sales conducted through Coinbase's exchange should not be considered the sale of securities. Coinbase relied on similar arguments to claim that their staking and wallet products were not subject to registration under securities law. They claim that customers are simply using their commodity tokens within software products offered by Coinbase. This would, of course, distinguish these Coinbase products from more traditional asset management services, where profit is derived from the skill of the asset manager. Now, within the whole security discussion, there is one particular analogy that's getting a lot of attention. Austin Campbell tweeted, one of the interesting parts of the SEC interpretation for me is that, if correct, I don't really see a dividing line between crypto and many other activities. Are limited edition Nikes now securities? I think Coinbase lays bare some of the issues well. Now, the specific analogy in the Coinbase argument is actually around baseball. They write, one can invest in a baseball or other trading card company through an instrument that imposes obligations on the company, and that will be a security. Or one can buy baseball cards on the open market, hoping they appreciate in value, and one will have bought a commodity. That remains true even if the company makes representations about plans to create a premier trading card platform to drive up the value of the cards it sells. Those representations can't turn baseball cards into securities. Baseball cards are not shares in the baseball card enterprise. This principle applies equally here. Coinbase goes on, the transactions over Coinbase is platform and prime are not and do not involve contractual undertaking to deliver future value reflecting the income profits or assets of a business. They are commodity sales with the obligations on both sides discharged entirely the moment the digital token is delivered in exchange for payment. The SEC's complaint does not allege otherwise because it does not and cannot plead the required elements of an investment contract. The SEC's Exchange Act claims should be dismissed. Now, still, even with colorful analogies like this, the in many ways more significant part of Coinbase's argument involves the major questions doctrine. And this is something you've heard me reference a number of different times on this show, but let's give a little bit of background. This is a legal doctrine that has been relatively recently developed by the Supreme Court. The major questions doctrine, or MQD, holds that administrative bodies, such as regulators like the SEC, require explicit guidance from Congress when tackling issues which have a major impact on the U .S. economy. It was recently used to strike down the Biden administration's student loan forgiveness program as it exceeded the authority of the White House. More classic cases include subjects like the tobacco industry and emissions reduction within the energy sector. Now, the point of MQD is not that regulators are never allowed to take on new areas of responsibility, but rather that Congress needs to be very specific when expanding a regulator scope. In a way, MQD is a statement about how regulatory legislation should be interpreted. In the original Supreme Court case, Whitman versus American Trucking Association from 2001, Justice Scalia said that Congress, quote, does not alter the fundamental details of a regulatory scheme in vague terms or ancillary provisions. It does not, one might say, hide elephants in mouse holes. For the Coinbase lawsuit, the argument is that Congress did not intend to hide widescale jurisdiction over the crypto industry for the SEC within the Securities Act of 1933. In their brief, Coinbase claimed that, quote, the major questions principle applies directly here. The wholesale regulation of secondary markets for trading digital assets qualifies as extraordinary, and the digital asset industry worth around one trillion dollars is a, quote, significant portion of the American economy. Now, digging a little bit deeper into this from, you know, an actual lawyer, Morrison Cohen's Jason Gottlieb wrote a really good thread about this exact MQD issue. He writes, Coinbase's brief is fantastic. No surprise, given the strong arguments in their favor and great lawyers in -house and outside working on it. One point, though, the major questions doctrine, I think Coinbase actually undersold just how major a question this is. As background, the major questions doctrine is basically that when an agency claims the, quote, power to regulate a significant portion of the American economy that has, quote, vast economic and political significance, it must point to clear congressional authorization for that power. A different district court judge in the same courthouse recently found that the crypto industry, though certainly important, falls far short of being a portion of the American economy bearing vast economic and political significance, unlike, say, energy or tobacco. I think that judge and other folks, even within crypto, vastly underestimate the majorness of this industry. I often see references to it being a, quote, trillion dollar industry, which is basically just the headline market cap of all crypto. Coinbase's brief skillfully lays out the base case. The industry is worth around one trillion, one in five adults in the U .S. is on crypto. Hundreds of millions of people globally use crypto currencies for myriad purposes. But this is an underestimate that one trillion dollars is just the market cap of all the tokens. The value of the industry isn't just the market cap of tokens any more than the value of the smartphone industry is the stock valuation of Apple and Samsung. What about all of the people, the productivity of all the engineers, programmers, designers, lawyers, accountants, auditors, all the IP, the network of companies that don't have tokens but support the ecosystems, the interconnections with companies outside the U .S.? And most of all, our lives are becoming more digital with no clear line between cryptocurrency and other digital assets. So when the SEC says, quote, all tokens are securities, it is aggregating authority not just over crypto, but the entire digital asset economy. The market cap of all crypto tokens may be one trillion dollars, but the value of the digital asset economy is certainly many multiples of that. It is literally the future of the entire economy minus a few necessarily analog portions of analog industries. Coinbase was right and smart not to go into this depth and a motion for judgment on the pleadings. It's not the right legal or procedural place for it. But in future arguments on the major questions doctrine in crypto, let's not understate or undersell the majorness of the questions. If everything is becoming digitized, this fight isn't just about cryptocurrency. It's a much larger battle for the right to your digital life and whether the Securities and Exchange Commission is the proper regulator for the entire digital economy. Spoiler alert, it is not. Now, one of the things that really stands out in this whole engagement is Coinbase not really being super solipsistic in their fight. This is not a document that reads like an exchange fighting for its survival or even just asserting that they are in the right in a particular case. Instead, it's about these much bigger questions about authority and how authority is determined. It's fundamentally about questions of administrative power in America and what the limits on that should be. In many ways, crypto is just serving as the next logical battleground for that legal point. Now, tactically, right from their initial defense filing, legal commentators have suggested that Coinbase may be rushing to get a major questions doctrine decision on the books in a lower court. This would allow Coinbase to take the issue before the Supreme Court ahead of other crypto cases that also might deal with the major questions doctrine, including the Binance and Terraform Labs lawsuits. Some have speculated that Coinbase is concerned that having an MQD fight with those much less favorable lawsuits will be an extreme negative to the industry. In any case, the SEC will have until October 3rd to file a response. And overall, I think that the tweet that best captures the vibe of this weekend was Zcash founder Zuko tweeting, I never knew it could be so fun to read legal filings. Anyways, that is the big one that we wanted to explore today. But real quickly, before we get out of here, just one more from the rumor mill, New York Attorney General Letitia James is reportedly locking horns with Barry Silbert as the digital currency group empire comes under additional scrutiny. According to an article from Bloomberg, the AG's office is conducting a probe into DCG. According to anonymous sources, investigators have requested information from former Genesis executives. Genesis is, of course, the crypto lending arm of DCG, which filed for bankruptcy in January. That bankruptcy stowed controversy when it was revealed that the largest creditor was a group of Gemini customers who had lent out their crypto. Early during bankruptcy proceedings, it was also discovered that DCG had taken out 1 .6 billion in intercompany loans from their subsidiary. At the time, DCG had given the public impression that Genesis losses from the bankruptcy has been extremely acrimonious. The Gemini co -founders, the Winklevoss twins, have publicly called out DCG numerous times for failing to do enough to refinance the loans, along with a whole other slew of accusations. Now, the SEC has already sued both Genesis and Gemini for offering unregistered securities for sale in relation to the lending arrangement, and there had been rumors of a Justice Department probe in January, but nothing appears to have come from that investigation. According to this new Bloomberg report, former Genesis chief risk officer Michael Patchen has already been questioned in the AG's investigation. That investigation is rumored to have taken place over recent months, and according to one anonymous source, the DCG loans are a critical part of the inquiry. Particularly, it seems like the AG is interested in how they were characterized to investors in the market. Of course, DCG CEO Barry Silbert has remained adamant that the loans were, quote, always structured on an arm's length basis and priced at prevailing market interest rates. Following the Bloomberg article, a spokesperson for DCG said the company is assisting regulators and investigators upon request and that, quote, DCG has always conducted its business lawfully and with the highest ethical standards. So, my friends, that is going to do it for today's episode. There is a lot coming up this week. I tease the PayPal stablecoin story, and then there is also a lot of smoke around Huobi, although it may take a few episodes to really understand exactly what's going on there. In any case, it appears that we are not in for that quiet August that so often happens in financial spaces. So, as always, until tomorrow, be safe and take care of each other. Peace.
The Missing Chapter to 'The Democrat Party Hates America'
"Of this chapter Stalin would be proud I just want to jump into this a little bit Trump now stands indicted by an elected Democrat district attorney in New York City Evan Bragg in an utterly bogus and politically motivated case involving nondisclosure agreements another elected Democrat district in Fulton County Georgia covering most of Atlanta Fannie to Phi Willis has concocted a case against Trump involved in the 2020 election she's announced it the elected Democrat Attorney General of New York State Letitia James has brought a civil fraud lawsuit against Trump and his children involving businesses for hundreds of millions of dollars Bragg and James both campaigned on a platform of indicting Trump which is utterly unethical and should have resulted in both losing their law while he was president Trump was subjected to a multi -year multi -million dollar federal investigation based on Democrat Party media accusations ginned up by unethical and even illegal activity by senior FBI Department of Justice and intelligence officials that he and his 2016 campaign colluded with the Russian government to win his election a so -called Russian dossier which was funded by the Hillary Clinton campaign and was a complete fiction served as launching the off point for the Democrat Party media and FBI allegations against Trump the former FBI director James Comey despite knowing that those he was false used it used to threaten Trump when he President was -elect and in the earliest days of his administration the Washington mob grew louder and louder demanding the appointment of a special counsel investigator Hillary Clinton Democrat
NY Attorney General Seeks New Crypto Powers for State Regulators
"New York AG, letitia James wants to expand her ability to rein in the crypto sector with a new bill that looks to enhance state regulators power in regulating the crypto markets. A couple of features of this including requirements for crypto companies to make users whole in instances of fraud. Interesting stuff, interesting that we've seen a lot from AG James over the last couple of years in the crypto space. And this certainly ramps that up accelerates it a bit. A lot of good stuff to talk about here in the sauce is straight to Jen for her thoughts. Yeah, you know, I read this article on my thought, shouldn't we expect this given what's happened in the industry over the past, I don't know, 6 months. So part of this says investors would be offered details of risk and conflicts of interest in crypto companies wouldn't be able to borrow or lend customer assets. The article cites claims about Luna and Celsius. I'm surprised there was no mention of FTX here, but I think if you listen to what she's saying, there are probably a lot of angry people who are reaching out to their regulators that are saying, I lost my money because they are used to, you know, banks making them whole when their money is lost. If their credit card is lost or stolen and someone spends money on that credit card, people are used to not being responsible for those funds. And so while we say so much that regulators need education, it's like a really broad education that's needed. I think to understand why lawmakers are sometimes responding in a way that we seem as very harsh to the industry. And so I'm usually like regulators, but I can understand. I can understand why this is happening. You know, there are a few bad actors in the space or a few people who maybe made a few mistakes or mismanaged a few things that have made it really bad for a lot of people. And I know that I really support the speed towards mainstream adoption, but I think when it comes to regulation, slowing down a little bit and learning from the mistakes of the space and thinking thoughtfully on how to correct those mistakes is the way forward.
New York, California probing workplace discrimination at NFL
"The attorneys general of New York and California announced Thursday they are investigating allegations of workplace discrimination at the NFL, citing lawsuits filed by employees, attorneys general letitia James of New York and rob bonta of California said they have issued subpoenas to NFL executives as part of an examination into the workplace culture with the league's corporate offices in both states. The officials, both Democrats said they are exercising their legal authority to seek information from the NFL regarding allegations of gender pay disparities harassment and gender and racial discrimination. I'm geffen coolbaugh
Trump will answer questions in NY fraud lawsuit, lawyer says
"Donald Trump's lawyer says the ex-president will answer questions today during a deposition in a legal fight over his company's business practices. It's Trump's second deposition with the New York attorney general's office in a fraud lawsuit. At the first one, in August, Trump invoked the Fifth Amendment more than 400 times, refusing to answer all but a few procedural questions. This time his lawyer says Trump's not only willing but eager to testify, adamant that he has nothing to conceal. Attorney general letitia James sued Trump last year, saying the ex-president and his family misled banks and business associates with false information about his net worth and asset values. The suit is not related to the felony charges Trump faces in Manhattan.
Trump set to give 2nd deposition in New York fraud lawsuit
"Former president Donald Trump is scheduled to give a second deposition today in a legal battle over his company's business practices. Trump is expected to meet with lawyers for New York's attorney general letitia James, a lawsuit, the AG filed last year, claims that Trump and his family misled banks and business associates by giving them false information about his net worth and the value of his assets, the lawsuit is unrelated to felony criminal charges, the Manhattan district attorney filed against Trump which led to the former president's arraignment last week, Trump and his lawyers have said that the DA's lawsuit against him is politically motivated and legally baseless. I'm Donna water
Trump due back in NY for questioning in AG's fraud lawsuit
"Former president Donald Trump is due back in New York for another legal matter. I Norman hall, Donald Trump is scheduled to return to New York on Thursday, according to a person familiar with the matter he will sit for a deposition in the business fraud lawsuit filed against him and his company by the state's attorney general. He's expected to face questioning at New York attorney general letitia James office in Lower Manhattan. Trump was previously deposed at James office last August just weeks before she filed the lawsuit. That time he declined to answer questions invoking his Fifth Amendment protection against self incrimination more than 400 times. Trump has called the investigation of politically motivated witch hunt, I Norman hall
Are Dems Setting Precedent for Punishing Political Enemies?
"We've laid out here, if you're looking for a crime, the only crime that had been committed, if in fact a crime was committed was a financial misdemeanor. And for that, the district attorney wants to literally handcuff and shackle Donald Trump. Keep in mind, this is a guy who received $1 million from George Soros. This is a man who campaigned on a promise to get Donald Trump. Letitia James, the attorney general of New York. Campaigned on the same promise to get Donald Trump. They have weaponized the judicial system. Look at what's happening in Atlanta, Georgia, where once again you have a George Soros funded district attorney going after president Trump. That one could get very ugly because apparently they're looking at RICO violations. Suggesting that Trump was trying to coerce the Secretary of State and to changing vote totals in the state of Georgia. But really, this is all about stopping Donald Trump and punishing political enemies. And this is why it is incumbent upon every freedom loving American, and even I would appeal to some of you you Democrats out there who still believe in the constitution who still believe in the rule of law, I have to hope and pray there are still some of you out there. And we all need to stand up and say, we're not going to tolerate this. We're not going to allow you to turn our country into some sort of a, of a Soviet style, police state. We're just not going down that path. Am I grave concern is that Republicans are going to return the favor if they ever get back in control of the House and this pardon me of the Senate and The White House? We can not go down this path as a nation. We can not, we can not be jailing our political enemies.
New York AG to Host Drag Story Hour
"New York attorney general letitia James is hosting a drag story hour in New York City. This Sunday that families and children are invited to a ten. Do you know how silly this is? Family families with children. I said families and children. Families with children are invited to attend. Now, of course she got backlash over this. And I'm not shocked. Now, imagine if I don't know what mayor or attorney general would be in another place that said, a strip show. Call it juicy hour. And you got women stripping and you homeboy had his package hanging out. At one of these events, he up on the table, he did the splits on his legs and his stuff hanging out.
"letitia james" Discussed on Bloomberg Radio New York
"47° in Central Park looking for sunny breaks this afternoon, breezy, brisk will settle into the low 40s this afternoon, partly cloudy tonight and we'll head down to the 30s. Now let's bring in Michael Barr to get a check of what else is going on in New York and around the world. Good morning, Michael. Good morning, Nathan. Ukraine faces what appears to be the 11th major barrage of Russian missile strikes since early October aimed at energy infrastructure and other civilian targets, explosions were heard in Kyiv with at least one person reported killed in the capital, strikes were also reported in Odessa and other regions. It comes after president Joe Biden announced yesterday the U.S. will be sending more than 30 of its best tanks, the M1 Abrams to Ukraine. And Russia troops returned to Russia, there will be where they belong. This war would be over today. Germany also said yesterday it would send its leopard two tanks to Kyiv. New York mayor Eric Adams will deliver his state of the city address today. Adams is expected to talk about several issues, including the homeless situation and crime. He will also discuss the economic situation of the city, Adams will give his speech in Queens at noon. New York State attorney general letitia James is raising concerns about Madison Square Garden using facial recognition technology to keep out people who work for anybody suing the company. James also questions whether the facial recognition software that MSG uses to identify individuals is reliable, citing research that suggests that technology may be biased against people of color and women. MSG defends the ban and opposes a bill introduced by New York State lawmakers to prohibit sports venues from refusing entry to perceived enemies of their owners. Investigators in Monterey Park, California, are still trying to find a motive for Saturday's shooting at a ballroom that left 11 people dead, according to Los Angeles County sheriff Robert Luna, the suspected gunman, 72 year old who can Tron, was not married, and they have found no signs he was romantically connected to any of the victims. Based on the interviews, the investigators are still conducting, they have not been able to establish a connection between the suspect and any of the victims thus far. Sheriff Luna says Tron later killed himself after the mass shooting. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts more than a 120 countries. I'm Michael Barr. This is Bloomberg Nathan. Thanks, Michael
Caller: What's Happening to Netanyahu Is Happening to Republicans
"One about what you're talking about Benjamin Netanyahu Isn't that kind of the crazy crap we're trying to have our swamp up in Washington D.C. due to any of our Republicans And that what they're doing to them you're asking Well trying to basically make it where they can run us out Thank you I think in a different way you're a 100% correct They're intimidating these Republicans I think they're trying to make an example out of Trump He didn't deserve to be impeached twice He didn't deserve to be criminally investigated He doesn't deserve what's going on now I'm not even just talking morally And hasn't done anything Then they secure 6 year of his taxes with the support of the chief justice of the Supreme Court to do what to leak them There's no criminality in those taxes He ran his businesses on the up and up then you have letitia James who is a radical kook kami in Albany She runs for office She gets to keep her license even though she said one of the reasons she's running is to bring charges against Trump Then you have another kook left wing DA who puts a grand jury together to go after Trump in Atlanta Then you have another kook Soros DA in Manhattan who's trying to find ways to go after the Trump businesses too That's three Democrat DAs slash attorneys general Then you have a U.S. attorney special counsel or special prosecutor really This guy Smith they yank him from The Hague where he's busy Prosecuting war criminals to go against Trump on January 6th and documents which is a disgusting thing what they've done there While they're covering up for the bidens hunter Joe Jim the corrupt Biden family while they refuse to enforce the border while they refuse to prosecute people who are threatening justices
The Crypto Reckoning Continues
"It's only the first week of the year and we clearly already need a Friday. Yesterday, Delphi lawyer Gabriel Shapiro wrote, we're looking at an almost total legal and financial wipeout of the crypto kingpins. Ready to rebuild from scratch, and that I think is pretty much the state of it. Yesterday was just another ravaging day in the reckoning and crypto cleanup following 2020 twos crises. Going in no particular order will start with Celsius. New York State's attorney general letitia James has sued former Celsius CEO Alex mashinsky for defrauding hundreds of thousands of investors by making false statements about the financial health of the company. Raising allegations dating back to 2018, the state intends to seek a court ordered ban on mashinsky doing business in New York State, as well as damages and restitution for harmed investors, according to a statement released on Thursday. The statement alleges that, quote, as the former CEO of Celsius, Alex mashinsky promised to lead investors to financial freedom, but led them down a path of financial ruin. The AG herself, James came even harder in her tweets, I'm suing the former CEO of cryptocurrency platform Celsius network for defrauding investors out of billions of dollars. Alex mashinsky lied to people about the risks of investing in Celsius, hit its deteriorating financial condition and failed to register in New York. Mashinsky tricked hardworking people into investing their life savings into Celsius, promising big financial returns, and claiming the platform was safer than a bank. Instead, Celsius collapsed in New Yorkers were left in financial ruin. I'm suing to get New Yorkers their money back and ban mashinsky from doing business in New York. We will continue to protect people from the risks of investing in cryptocurrency. Now I don't think anyone is particularly sad to see mashinsky on the receiving end of some serious legal trouble. My duties, for example, tweeted crypto fraud Domino's falling fast in 2023. Day has come time to pay the piper.
Gavin Newsom Won't Come Onto the Mark Levin Show
"This guy Gavin Newsom will not come on the program He will not come on the program any more than letitia James will come on the program But he will not come on this program We are heard in every corner of California Literally Every corner of California And you would think he'd want to come on and kind of whip my ass debating me and show that people of California just how smart he is But he won't I'm not running for anything I'm just a right winger AKA constitutional conservative But I have all this stuff that he's been doing in front of me in a big folder This is from Fox News Paul best California residents can now acquire a state ID regardless of immigration status under a law signed by governor Gavin Newsom on Friday Now why did he do this Because they like fraudulent voting
"letitia james" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June grosso from Bloomberg radio. Claiming you have money that you do not have, does not amount to the art of the deal. It's the art of the steal. And there can not be different rules for different people in this country or in this state. And former presidents are no different. New York's attorney general letitia James is suing former president Donald Trump, his three eldest children and his company for what she called staggering fraud over a decade, alleging they lied about the value of his prized real estate assets from golf courses and hotels to his homes at Trump Tower and Mar-a-Lago. The lawsuit strikes at the essence of what made Trump famous and the core of his brand and the ultimate aim is to stop the trumps from doing business in New York ever again. My guess is former federal prosecutor Robert mintz, a partner mccarter in English. This is a 222 page complaint. You could say it's almost three years in the making, listing 200 plus times Trump allegedly lied about valuations of his assets over ten years. This is a sweeping and detailed complaint not unexpected, by the way, something that everybody thought was going to come eventually out of the New York attorney general's office, but the details and the number of interviews and the number of documents that were reviewed in putting this complaint together is something that's certainly gets your attention. Is a leg is a widespread effort to manipulate property valuations by former president Trump and three of his children and the Trump organization and some of the Trump executives and is asking for $250 million in penalties and an end to their operations in the state of New York. It's specifically accuses them of engaging in a years long scheme to enrich themselves by inflating the values of a wide variety of properties that the Trump organization would inflate the valuation of assets in certain circumstances. For example, when seeking loans and for insurance coverage purposes, but at the same time, deflate the value of those very same assets in order to reduce their tax liability. During the press conference, the AG gave some concrete examples easy to understand, according to James, Trump said his triplex and Trump Tower was more than 30,000 ft² when in reality was less than 11,000 ft², so that increased the value by about $200 million. But what the attorney general was trying to do here was to get out in front of an argument that these valuations are by definition somewhat subjective. In other words, in order to try to put a valuation on commercial property in Manhattan, for example, there is somewhat of a subjective element to coming up with a number of what that property is worth based upon other commercial properties. So what the AG here was attempting to do was to give examples that did not involve any of that subjectivity. So as an example, the complaint alleges that the triplex apartment at Trump Tower was 30,000 ft² in certain documents and then was listed as only 11,000 ft² in others. That is something that is clearly not subjective, but is simply an object of fact. It's either 30,000 or 11,000 ft². Other examples include adding more floors and square footage to buildings and actually exist claiming more residential lots than we're actually zoned for on certain golf courses. Again, these are attempts by the attorney general's office to show that these were not mistakes, but these were simply facts that were misstated on according to the attorney general's office were in misstated intentionally. The other thing and we're seeing throughout this complaint is the attempt by the attorney general's office to show that this is a pattern in practice. In other words, it's not an isolated example. It's not a situation in which the Trump organization can say that they may have made a mistake or they may have relied on evaluation that was improper, but they're showing that this is a pattern in practice. It's an involved multiple properties both domestic and internationally on something that went on for many years. Ultimately, in order to prove their case, they have to show that this was done intentionally. It was not an innocent mistake. On his social media site, truth social, Trump called the lawsuit another witch hunt. His lawyer Elena haba said, it's abundantly clear that the attorney general's office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place. How do they rebut, though, things like exaggerations of square footage? That's a fact. How do you rebut that? Well, I think that's part of the defense that we're certainly going to see in this case. The fact is that letitia James is a Democrat who was elected. Alvin Bragg and non district attorney was also a Democrat. And so it's certainly something that's going to come out of the Trump playbook to argue that these people were politically motivated. And in fact, letitia James as the New York attorney general when she ran for office specifically talked about investigating Donald Trump and the Trump organization. So this is part of an attempt in order to nullify the jury to go out there and suggest that this entire investigation and now the civil charges that have been brought were all part of the witch hunt and there's really no substance here. An ultimately when it gets down to a trial, they will have to rebut the specific examples where the AG has cited misstatements in these asset valuations. This is a civil complaint, but James said that she thinks the conduct alleged here also violates federal criminal law and she's making criminal referrals to the U.S.
"letitia james" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June brusso from Bloomberg radio. Claiming you have money that you do not have. Does not amount to the art of the deal. It's the art of the steal. And there can not be different rules for different people in this country or in this state. And former presidents are no different. New York's attorney general letitia James is suing former president Donald Trump, his three eldest children and his company for what she called staggering fraud over a decade, alleging they lied about the value of his prized real estate assets from golf courses and hotels to his homes at Trump Tower and Mar-a-Lago. The lawsuit strikes at the essence of what made Trump famous and the core of his brand, and the ultimate aim is to stop the trumps from doing business in New York ever again. My guess is former federal prosecutor Robert mintz, a partner mccarter in English. This is a 222 page complaint. You could say it's almost three years in the making, listing 200 plus times Trump allegedly lied about valuations of his assets over ten years. This is a sweeping and detailed complaint not unexpected, by the way, something that everybody thought was going to come eventually out of the New York attorney general's office, but the details and the number of interviews and the number of documents that were reviewed in putting this complaint together is something that's certainly gets your attention. Is a leg is a widespread effort to manipulate property valuations by former president Trump and three of his children and the Trump organization and some of the Trump executives and is asking for $250 million in penalties and an end to their operations in the state of New York. It specifically accuses them of engaging in a years long scheme to enrich themselves by inflating the values of a wide variety of properties that the Trump organization would inflate the valuation of assets in certain circumstances. For example, when seeking loans and for insurance coverage purposes, but at the same time, deflate the value of those very same assets in order to reduce their tax liability. During the press conference, the AG gave some concrete examples, easy to understand, according to James, Trump said his triplex in Trump Tower was more than 30,000 ft² when in reality was less than 11,000 ft², so that increased the value by about $200 million. Well, what the attorney general was trying to do here was to get out in front of an argument that these valuations are by definition somewhat subjective. In other words, in order to try to put a valuation on commercial property in Manhattan, for example, there is somewhat of a subjective element to coming up with a number of what that property is worth based upon other commercial properties. So what the AG here was attempting to do was to give examples that did not involve any of that subjectivity. So as an example, the complaint alleges that the triplex apartment at Trump Tower was 30,000 ft² in certain documents and then was listed as only 11,000 ft² in others. That is something that is clearly not subjective, but is simply an objective fact. It's either 30,000 or 11,000 ft². Other examples include adding more floors and square footage to buildings and actually exist claiming more residential lots than we're actually zoned for on certain golf courses. Again, these are attempts by the attorney general's office to show that these were not mistakes, but these were simply facts that were misstated on according to the attorney general's office or in misstated intentionally. The other thing we're seeing throughout this complaint is the attempt by the attorney general's office to show that this is a pattern in practice. In other words, it's not an isolated example. It's not a situation in which the Trump organization can say that they may have made a mistake or they may have relied on evaluation that was improper, but they're showing that this is a pattern in practice. It's an involved multiple properties both domestic and internationally and something that went on for many years. Ultimately, in order to prove their case, they have to show that this was done intentionally. It was not an innocent mistake. On his social media site, truth social, Trump called the lawsuit another witch hunt. His lawyer Elena haba said, it's abundantly clear that the attorney general's office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place. How do they rebut, though, things like exaggerations of square footage? That's a fact, how do you rebut that? Well, I think that's part of the defense that we're certainly going to see in this case. The fact is that letitia James is a Democrat who was elected. Alvin Bragg and district attorney was also a Democrat. And so it's certainly something that's going to come out of the Trump playbook to argue that these people were politically motivated. And in fact, letitia James as the New York attorney general, when she ran for office specifically talked about investigating Donald Trump and the Trump organization. So this is part of an attempt in order to nullify the jury to go out there and suggest that this entire investigation and now the civil charges that have been brought were all part of a witch hunt and there's really no substance here. On ultimately, when it gets down to a trial, they will have to rebut the specific examples where the AG has cited misstatements in these asset valuations. This is a civil complaint, but Jane said that she thinks the conduct alleged here also violates federal criminal law, and she's making criminal referrals to the U.S. attorney in Manhattan and the IRS. So they'll have the benefit of all the evidence she's gathered in a lot of hard fought legal fights. Does that put pressure on them to do something? Well, I think it does ratchet up the pressure a bit on the U.S. attorney's office. James specifically said that this investigation uncovered potential criminal violations, including falsifying business records. Issuing false financial statements, insurance fraud, conspiracy, and bank front. So this will, I think, put additional pressure on the U.S.
"letitia james" Discussed on Bloomberg Radio New York
"Bloomberg, one of the few systems you can easily use to figure it out is right in front of you. Inside. Analysis. And the best from the Bloomberg terminal. The Bloomberg terminal is like a Ducati Panigale. I can extract maybe 5 to 6%. It was totally fine. I don't think you're even close. I think it's like sitting on top of a Saturn B 5. Bloomberg markets with Paul Sweeney and met Miller, weekday mornings at ten eastern on Bloomberg radio. President Trump is addressing the lawsuit filed against him by New York attorney general letitia James. There's no better example of the left's chilling obsession with targeting political opponents than the baseless abusive and depraved lawsuit against me. My family, my company, by the racist attorney general of New York State. Trump made the comments at a rally in Wilmington, North Carolina Friday. The tar heels state has a key Senate race on the ballot this year. Moderna is seeking emergency authorization for COVID boosters for children. The pharmaceutical company filed two authorization requests for the FDA. One is for kids as young as 6 and another 14s up to 17. President Biden is declaring a major disaster in Alaska following a severe storm. Biden ordered federal assistance to help assist the state following flooding and landslides that have impacted the western part of Alaska this week. People will be able to receive grants. I'm Brian schuch. Dial this Bloomberg sports update at Yankee Stadium, Aaron judge missed out on the chance to break the American League home run record going one for four with a single and two strikeouts, but the Yankees managed to pull out a 5 four win over Boston on Jose trevino's run scoring single in the bottom of the 8th inning. It was another Aaron Aaron hicks, who homered in the third and single home a run in the 5th, that gave the Yankees a two one lead in the game for hicks as 100th career Homer. Later in the 5th, the double by glaber Taurus and a throwing error allowed the Yankees to take a four one lead. Boston's Alex verdugo tied the game in the 6th with a three run Homer, Yankee starter Garrett Cole ejected after completing the 6th inning by the home plate umpire as cold was upset by a missed call. Jonathan low Isaac gets the win in relief. The mets making their first visit to Oakland since 2014 the mets have defeated the athletics 9 to two, the Met magic number for clinching the national league east down to 9 has the braves lost to Philadelphia 9 to one, so the mets now have a two and a half game lead over the braves. Eduardo Escobar with a Grand Slam Homer for the mets, and former athletic Chris Bassett handcuffed his former teammates on just one run over 6 hits in 8 innings of work. Albert who holds the newest member of baseball 700 home run club, who holds the milestone home run in Los Angeles against the Dodgers, joining Barry Bonds, Hank Aaron and Babe Ruth, as the only players to reach the milestone. Tennis icon Roger Federer's legendary career is officially over, the 20 time Grand Slam champion lost in doubles with Rafael Nadal at the labor cup in London. The parent were taken down by Francis tiafoe in Jack sock after a furious final tiebreaker. Federer won over 100 singles titles during his legendary career with his 20 grand slams placing him third all time for the most one. With a Bloomberg sports update, I'm Tom Rogers.
Donald Trump Jr.: Letitia James Has No Response to Liberal Backlash
"It's just frustrating I mean we got in this we're the first people to go into The White House and come out with less money We've been fighting these battles We've spent probably hundreds of billions of dollars at this point in legal fees because they can just do you forever Notice how even if you look at the stuff that it's all like give me a break Nonsense stuff but again they get their little sound bite but there's nothing there And again because you have no recourse they can get you to spend hundreds of millions of dollars Whether they win or lose You still have to spend that money They could lose everything in the end They'll get some sort of little slap of the risk Who the heck knows But they get this sound bite that they win You spend hundreds of millions of dollars fighting it and you don't get any of it back even though it's clear to anyone even the people in this case it was sort of interesting even the people who hate our guts are coming out there It's like okay this is a step too far This is ridiculous Even some of the leftists And even judging by the Q&A in the press conference yesterday it was sort of amazing because even that hometown New York liberal media was like okay but this seems a little bit ridiculous here And she has no answer That's what people were It's like they don't even think there's going to be maybe some pushback Maybe something They just go in there they read their poorly written speech They say it in front They expect everyone to give them all the accolades in the world
Donald Trump Jr. Responds to New York AG Letitia James' Filiing
"Tisha James has her friends in the media caller She's filed a very long document that is really grotesque And I wanted you to have an opportunity to respond to that since you're named in it for crying out loud Well I'm named so much that even after a full day of testimony when I believe they had 12 lawyers from the attorney general's office because New York is not going into enough of a hellhole They needed to have 12 attorneys from the attorney general's office on the other side of the table against me This is what's going on I'm named in like the last paragraph of this thing because apparently there was nothing wrong with my testimony I refuted all of those things But again you know it's a good soundbite to name Donald Trump Jr. So you do that right It doesn't have to do with the law right They can say well Trump over valued the asset and Deutsche Bank One of the largest financial institutions just blindly took his word for it I mean the whole premise of it is insane Deutsche Bank lent money to my father the loans were paid back They made millions in interest I'm trying to figure out who's the victim that the attorney general is so zealously trying to defend You know they say there were things that were overvalued but one of the assets I believe was the old post office our hotel in Washington D.C. it was valued to my recollection at a $125 million We sold it a few months ago for $400 million So was that undervalued Do we get some sort of credit for that Or do they only play the soundbites that they magically come up with You saw Mar-a-Lago and Mark you've been there They said should be valued at $75 million No way For 450 million that's a third of the size If they can make up whatever they want and because it's New York there's no accountability that no one cares Everyone's happy that their weaponizing these offices no different than the FBI did when they used the hostage rescue team
"letitia james" Discussed on Bloomberg Radio New York
"Face the data. This is Bloomberg law with June gros from Bloomberg radio. I've been talking to former federal prosecutor Robert mintz of mccarter and English about the New York attorney general filing a fraud suit against former president Donald Trump, his three eldest children, and the Trump organization. On his social media site, truth social, Trump called the lawsuit another witch hunt. His lawyer Elena haba said, it's abundantly clear that the attorney general's office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place. How do they rebut, though, things like exaggerations of square footage? That's a fact, how do you rebut that? Well, I think that's part of the defense that we're certainly going to see in this case. The fact is that letitia James is a Democrat who was elected. Alvin Bragg and district attorney was also a Democrat. And so it's certainly something that's going to come out of the Trump playbook to argue that these people were politically motivated. And in fact, letitia James as the New York attorney general, once you ran for office, specifically talked about investigating Donald Trump and the Trump organization. So this is part of an attempt in order to nullify the jury to go out there and to suggest that this entire investigation and now this civil investigation on the civil charges that have been brought today were all part of a witch hunt and there's really no substance here. An ultimately when it gets down to a trial, they will have to rebut the specific examples where the AG has cited misstatements in these asset valuations. And that's exactly why we're seeing a situation here where the attorney general's office is giving multiple examples of where they believe these are objective and indefensible valuations were on the one hand it's being valued at a certain level and the facts about the property being presented in a certain way and when it benefits Trump organization and they're being presented factually in a different way in order to benefit the Trump organization in a different context. Letitia James said she rejected a settlement offer from Trump. But her door is open. What does it tell you that she rejected a settlement offer? Well, I don't think it says that much really, I mean, it's interesting that the Trump organization is trying to settle these charges, but not surprising, just how far apart they may be in terms of settlement. That's something we really don't know as this case progresses now. Now that the charges have actually been filed, the case will move forward. There may be further discussions about trying to resolve this case. But remember, this is a civil case only. It's not a criminal case, so the only thing this case is ultimately about is money. So ultimately, the case that can be settled with money. One thing that makes this different, however, is that the AG is not only seeking money in this case, but also seeking to ban Trump and his family from engaging in business in New York states. So among the penalties that are being sought by the attorney general are to remove the trumps from business engaged in New York to appoint a monitor to monitor the Trump business and control its interests and to remove the trustees of the Trump organization or replace them with independent trustees in order to monitor the commercial and real estate acquisitions for 5 years, including all loans with New York banks and basically run the business through independent individuals through a monitor to independent trustees rather than president Trump and his family. That is something that is going to be difficult, I think, for the Trump organization on the attorney general to agree on because now that that's been laid out there, it's going to be difficult for the AG to walk that back. And that is not something that I can ever see the Trump organization agreeing to, because that would essentially turn the organization over to independent, unrelated individuals, something that president Trump has never agreed to. He's always run his business with close family members and executives who I've been loyal to him for many years. So the idea that individuals who are independent and approved by the attorney general's office would run the Trump organization and would be trustees of the Trump organization is something that is unlikely the president Trump will ever agree to. So, as you mentioned, this is a civil complaint, but Jane said that she thinks the conduct alleged here also violates federal criminal law, including issuing false statements to financial institutions and bank fraud and she's making criminal referrals to the U.S. attorney in Manhattan and the IRS. So they'll have the benefit of all the evidence she's gathered in a lot of hard fought legal fights. Does that put pressure on them to do something? Well, I think it does ratchet up the pressure a bit on the U.S. attorney's office. There will be a huge amount of information turned over to them. The Yankees office examined more than a million pages of documents and interviewed many, many Trump executives and outside professionals who work with the Trump organization and all of that will be passed on to the U.S. attorney's office on the IRS and letitia James the New York attorney general, specifically said that this investigation uncovered potential criminal violations, including false and flying business records. Issuing false financial statements, insurance fraud, conspiracy, and bank front. So this will, I think, put additional pressure on the U.S.
"letitia james" Discussed on Bloomberg Radio New York
"Week, on radio on YouTube and yeah, this is a big deal. Obviously, it feels like a very aggressive fed. That's what the CEOs have to say when they start to report earnings. Everyone's got a digest this stuff, but we'll see what happens tomorrow. In the meantime, let's get to world in national news with Nancy Lyons in D.C. Hannity. Thanks, Tim. Harsh words for Russia today from President Biden, who addressed the UN General Assembly. This war is about extinguishing Ukraine's right to exist as a state, plain and simple. And Ukraine's right to exist as a people. Whoever you are, wherever you live, whatever you believe, that should not, that should make your blood run cold. Biden said if nations can pursue their imperial ambitions without consequences, the UN puts at risk everything it stands for. Biden spoke hours after Russian president Vladimir Putin called up 300,000 reservists and what he labeled to be a partial mobilization effort. The news sent thousands hurrying to the border to Finland and prompted Putin to ban all Russian men between the ages of 18 and 35 from boarding any flights out of the country. Donald Trump is being sued by the state of New York for allegedly using fraudulent asset valuations at his real estate company. Attorney general letitia James filed the suit today that culmination of a years long probe into dealings by the former president and his family. Claiming you have money that you do not have. Does not amount to the art of the deal. It's the art of the steal. James has three of Trump's adult children are also named in the lawsuit. She believes Trump also violated federal laws and she's referring those alleged criminal violations to federal authorities, including the IRS. Trump on his truth social platform calls the lawsuit another witch hunt. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts
Is NY's Anti-Trump Attorney General on the Verge of Collapse?
"Matt Vespa is New York's anti Trump attorney general in the verge of collapse Good lord that would be wonderful That would be a coup if this were to happen come election day No I'm not talking about a literal coup Just a nice upset win against an anti Trump zealot Still a Republican winning statewide and deep blue New York for an office they usually doesn't get much attention Certainly by the media would be a nice scalp for the party this election cycle Attorney general letitia James seemed poised to become a serious gubernatorial candidate in the wake of the groping fiasco That engulfed governor Andrew Cuomo a scandal that became so enveloping that he was forced to resign GE what happened to that poof gone James was one of the state officials that took the allegations seriously A report confirming that Cuomo had engaged in sexual harassment was probably the kill shot to his governorship Catholic replaced him and took a strong lead in the polls Which forced James to retreat Opting to run for another term as New York attorney general James has openly declared war on Donald Trump You can not have a prosecutor Somebody who runs to be prosecutor and then as a prosecutor whose targeting somebody and that's what James has done and she ought to lose her license She should be disbarred but she won't be
"letitia james" Discussed on Bloomberg Radio New York
"It's 65° in Central Park, got a water main break, it's got South Bend route two O two closed by Henry street Morristown, more coming up in traffic first, Michael Barr with what else is going on in New York and around the world. Good morning, Michael. Good morning, Nathan. Former New York governor Andrew Cuomo filed an ethics complaint against state attorney general letitia James about the way she handled a sexual harassment investigation that led to his resignation last year. Cuomo questioned the accuracy and credibility of the investigations findings, alleging James, a fellow Democrat used the probe to tarnish him and further her own political interests. Cuomo says James, who briefly ran for governor, had her own politically motivated and self interest driven agenda. Cuomo resigned in August of last year. Rhode Island governor Dan McKee won Tuesday's democratic gubernatorial primary. He thanked supporters. So I am so honored to stand here before you tonight. Not just as your governor, but as the democratic nomination nominee for governor of Rhode Island. Governor McKee, at the most with 33% in the fall, McKee will face Republican Ashley callis who got 84% in New Hampshire, the Republican contest for Senate remains a tight race between conservative Donald and the more moderate chuck Morse. Republicans see democratic incumbent senator Maggie assan as beatable in the general election. Primaries were also held in Delaware. The mayor of Boston is thanking law enforcement for a speedy response last night after a package exploded on the campus of northeastern university injuring a staff member. The 45 year old man suffered minor injuries to his hand and was taken to a local hospital, mayor Michelle Wu
"letitia james" Discussed on Bloomberg Radio New York
"In a very well orchestrated well planned operation. They've already drawn out. They know where the documents are located. They know what rooms are going to search. They know the order that they're going to go through the room. And it has to all be done in a way in which they can document exactly what they took when they took it and from what room they took it from. So this is something that typically is done early in the morning and without any notice at all. It seems from the reports that this was done in as low key a manner as you can for something as dramatic as executing a search warrant. They didn't come in first thing. They didn't have their jackets on. Obviously they cooperated with the Secret Service so they tried to make it as unintrusive as they possibly could, but nonetheless, you're talking about federal agents basically coming into the facility locking it down and going room by room searching for documents for hours. I want to turn for a moment to Donald Trump's deposition in the New York attorney general's case. He took the Fifth Amendment and much has been made of the fact that he mocked people so many times for taking the 5th saying it showed guilt. He took the 5th more than 400 times in a civil case. But was that actually a wise decision on his lawyer's part? Well, it certainly would be a wise decision if the person is anybody other than a former president. It's not at all unusual for a defense lawyer to give a client advice to assert the 5th, not necessarily because they believe they've committed any kind of crime, but because there was a parallel criminal investigation that was going on at the very same time about the very same issues. Remember letitia James the attorney general of New York who's deposition president Trump was participating in and he was the deponent in that civil investigation, but at the same time the Manhattan district attorney's office has been conducting a parallel criminal investigation into the very same issue whether mister Trump fraudulently inflated values of his properties
"letitia james" Discussed on Bloomberg Radio New York
"Represents I'm Brad's secret And I'm Susanna Palmer in the Bloomberg newsroom a federal judge yesterday dismissed to Donald Trump's lawsuit against New York attorney general letitia James More from Bloomberg's Denise Pellegrini Susanna this move allows the attorney general's civil investigation into Trump's business practices to continue The U.S. district judge says she based the decision on case law that in most instances she says Barr's federal judges from interfering in state level investigations And this really came a day after a New York appeals court ruled that Trump must answer questions under oath in James probe upholding a lower court ruling requiring him to sit for a deposition Bloomberg's Pellegrini there The man being held in the fatal shooting of a Goldman Sachs Group employee on the New York City subway was indicted A grand jury in Manhattan voted Friday to indict Andrew Abdullah for what police say was the unprovoked shooting of Daniel enriquez on the Q train as he was heading to Sunday brunch Stocks rose on Wall Street Friday and closed higher for the week breaking a 7 week losing streak Technology stocks were a big factor pushing the market higher Peter cheer is head of macro strategy at academy securities and says several factors are playing into what's going on on Wall Street It's all really good to come down to what the fed does out of the war in Europe progresses what kind of secondary effects we have in the supply chain Can China get itself turned around and open up again but having said that we put these levels where I think there's reason to balance there's some good month end clothes that are driving some of this For the week the S&P 500 rose 6.6% Broadcom agreed to buy cloud computing company VMware for about $61 billion That seals one of the largest technology deals in history The.
Donald Trump, Ivanka and Don Jr. Must Testify in Letitia James' Probe
"The New York attorney general has gotten court authority to depose former president Trump, Ivanka Trump, Donald Trump Jr.. Now the last two will be matter of fact. There's not that it's hell. The accountants withdrew their bank statements. If you think that the Trump kids or the president looked at the bank statements, okay, you can believe that. There's no evidence of that. I'm not sure what the book show, I don't know if they're cooked. I don't know if they borrowed money against fake assets. I don't know any of that stuff. Neither do you. All I know is I could prep Don Junior. I could prep Ivanka to do a deposition. I'm not even good at that, but I could do it. I could be the greatest lawyer in the world. I could be federal judge dick Leon, really one of the better litigators I ever saw work. I could be, I could be dick Hauser, but you'd have to get him off the golf course. And he doesn't do that anymore. Basically, at a restaurant, at home or in a golf course. And I get the best lawyer in the world. I get Stephen Larson in LA. That's the guy I'm calling whenever I get in trouble. And say, you've got to do depo prep with former president Trump.
"letitia james" Discussed on Bloomberg Radio New York
"World with Bloomberg's John Tucker good morning John Good morning Nathan To plead the 5th or not That's the question facing Donald Trump after a New York judge ordered the former president to testify along running state civil investigation into his business practices Barring a successful appeal Trump would face a decision between answering attorney general letitia James questions or evoking his protection against self incrimination Trump has often acquitted such silence with evidence of guilt A New York State trooper who testified that former governor Andrew Cuomo sexually harassed her is now suing him She says Cuomo a top aide and state police violated her civil rights The trooper's name was not disclosed in the lawsuit which was filed in Manhattan The wealthy Long Island resort of east Hampton delaying the planned closing of its airport until May 17th the story from Bloomberg's Charlie pellet The federal aviation administration warned of flaws in the New York town's efforts to reduce noise from air traffic last month the town's board voted to shut down the airport at the end of February and reopen it as a more limited use facility on March 4th East Hampton was looking to cut down on air traffic that has grown in recent years as rideshare apps make helicopter and plane travel easier But the FAA warned that if the town closed the airfield it could take as many as two years to reopen In New York Charlie pellet Bloomberg daybreak Hillary Clinton back in the spotlight tearing into the GOP and mocking Donald Trump during his speech at New York's democratic convention last night They'll make it harder for people to vote but easier for big corporations to bust unions They'll let polluters trash our environment and let Donald Trump trash our democracy At the convention governor Kathy hochul accepted the state Democratic Party's nomination as their candidate in the 2022 governor's race Thousands of New Jersey households will soon be getting notified that the residents have led service lines and will be replaced over the next decade under a 2021 state law That's according to the commissioner of the DEP just how quickly the lines will be replaced still isn't clear A new poll shows climate change He is seen as a bigger threat than war by a majority of people living in some of the world's top economies The poll was commissioned by the Munich security conference It listed concern over global warming habitat distraction and extreme weather as the top three risks Global news 24 hours a day on the air and on Bloomberg quick take We're powered by more than 2700 journalists and analysts to add more than 120 countries I'm John Tucker and this is Bloomberg.
"letitia james" Discussed on The Stuttering John Podcast
"Well, I'm a Jets fan, but I don't support Erin Rogers. So I will never support the patent. I don't support Aaron Rodgers either. I think he's a jack-o'-lantern. That's yeah. But and I did a whole diet tribe about it before I had you on. It's the old, it's the whole Howard Stern. You know, Tucker Carlson fight. Oh, you know what's so funny about? I just wanted to, you know, if you don't mind me just I just want to read one tweet that I meant to just read about the Howard Stern thing, which was hold on. I got to see where I it's always hard to find these things. Because I tweet like so much. I'm sure you could have seen, let's see. Where was it? Hold on bear with me for a second. Damn it, I'm not fine in it now. I don't know, Howard Stern, it was article where he said that Donald Trump should never have run for the presidency because he's a narcissist that always needs to be liked and he always wants to be loved by people and this is gonna hurt him and I commented. How are you just explaining yourself? It was a bit of a projection because Howard Stern is the same way. He's always wants to be loved and you know, you know, so he was, you know, so he was doing the same thing. Anyway, so getting back to New York. Yeah. Now, Ivanka was the one that sent in those documents. Correct? Haven't they figured that out? I don't know exactly I mean. I think they may have subpoenaed the Trump organization. And the Trump organization gave them up. So what now is this just a civil case or is it also a criminal case? So it's both. So and not many people know, but letitia James is actually only in charge of the civil part of the case. She's not in charge of the criminal case. The criminal case is coming out of them Manhattan district attorney's office, Cy Vance was in charge. He left office and now Alvin Bragg, his successor is now in charge. However, with that being said, the two of them are working together. And documents in the criminal case are being sent to letitia James and vice versa. So it's both..
"letitia james" Discussed on Bloomberg Radio New York
"A check of the latest world in national news Nancy lions is standing by hands Thanks Tim the FDA is expanding eligibility for Pfizer booster shots for use in 12 to 15 year olds teen 16 and up are already eligible to get a Pfizer booster along with adults It comes as the nation battles the omicron variant and more kids are being hospitalized A major winter storm has shut down much of official Washington today but when Senate Democrats get back to work this week they'll pick up where they left off in 2021 looking for a path for President Biden stalled economic agenda Brown university political scientist Wendy schiller says Democrats need to focus on what matters to voters They send their children to school They want them to be safe They want to be safe from COVID They want them to stay from gun violence And that feels like it's slipping away You can't go to work because of COVID The vaccines work but they don't work perfectly again that can be attributed as a government failure Wendy schiller at Brown university New York's attorney general is digging deeper into former president Donald Trump's business practices we learn more from Bloomberg's Nathan Hager Attorney general letitia James office has issued subpoenas to Ivanka and Donald Trump Jr. as part of her probe into whether the Trump organization manipulated the value of key assets for tax and insurance purposes The AG has already demanded the former president's testimony by this Friday Trump sued James last month in a bid to block her probe accusing her of political motivations The former president's other adult son Eric testified in October after fighting to delay the questioning himself In Washington I'm Nathan Hager Bloomberg radio Global news 24 hours a day.
"letitia james" Discussed on Bloomberg Radio New York
"A huge issue that I'm really passionate about that I feel really strongly For me the biggest issue issues are public education and gun safety laws Next week's election is widely viewed as a bellwether for next year's midterm elections Inflation is hitting a number not seen since 1991 The commerce department says the personal consumption expenditures price index rose three tenths of a percent in September That gauge includes food and energy the year over year gain was 4.4% and it hasn't been that high since January 1991 I'm Brian schuck a Republican congressman who's been a vocal opponent of former president Trump says he won't seek another term in office Rory O'Neill reports While congressman Adam kinzinger won't seek a 7th term the representative from Illinois says he's not done with politics This isn't the end of my political future but the beginning Kids ago and Wyoming congresswoman Liz Cheney are the only Republican members of a House select committee investigating the events of January 6th We've fallen for those lies and now we face a poisoned country filled with outrage blinding our ability to achieve real strength Did not make any specific announcement about his plans when his term ends in January of 2023 I'm Rory O'Neill Tesla is recalling fewer than 3000 cars to fix suspension issues The recall covers 2020 to 2021 model Y SUVs and 2019 to 2021 model three sedans Documents filed with the national highway traffic safety administration say a suspension link could separate from the subframe making the cars unstable and increasing the risk of a crash New York attorney general letitia James could be the nation's first black female governor Lisa G has more James officially announced her bid to be the next governor of New York tweeting she's running because she has the experience vision and courage to take on the powerful on behalf of all New Yorkers She also posted a video on why she wants to run the attorney general has gotten a lot of attention for investigating former president Donald Trump and launching an inquiry into sexual misconduct allegations that took down governor Andrew Cuomo SpaceX says it's falcon 9 rocket and crew dragon capsule are in good shape as it prepares for launch in Florida the three astronauts completed a full dress rehearsal of launch day activities last night the mission will carry three NASA astronauts and a German astronaut to the International Space Station I'm Brian shook Now this Bloomberg sports update the Atlanta Braves are just two wins away from their first World Series title in more than two decades The braves did not allow a hit until the 8th inning on their way to a two nothing shutout of the Astros and gain three of the fall classic Ian Anderson went 5 Hitler's innings while four relievers gave up just two hits the rest of the way Austin O'Reilly doubled in a run in the third inning and Travis Darnell homered in the 8th for Atlanta as the braves take a two games to one lead in the best of 7 set game four is later tonight In the NHL at the garden the rangers extend their record to 5 two and one with a four nothing win over the Columbus blue jackets rangers gold tender Igor shark and turned to sign 31 shots or his third career shutout and Chris kreider scored two power play goals in the third period to seal the victory Ryan strome and Alexa's law for a year where the other ranger gold scores At the Barclays center the nets even their record at three and three with a one O 5 98 win over the Indiana Pacers down by 12 at the end of the first quarter but that's rallied in the second quarter and took a three point halftime lead James Harden let old scorers of 29 points and Kevin Durant had 22 points to go along with 11 rebounds but that's back in action on Sunday Night at the Barclays center against Detroit Joe burrow in the Cincinnati Bengals look to keep things rolling as they visit the gents And east.
"letitia james" Discussed on Bloomberg Radio New York
"That is irrefutable And Duran's bro with the FDNY says the New York mandate requires all municipal workers to have gotten at least one dose of a virus vaccine by November 1st Meanwhile a federal appeals panel presiding in another mandate related case seemed to be supportive of arguments that a New York State vaccine mandate for healthcare workers does not violate their constitutional rights even though the mandate doesn't provide religious exemptions Attorney Stephen Wu argued it's non hostile to religion This is a neutral generally applicable law that is sustained under the free exercise clause Attorney Stephen Wu New York attorney general letitia James plans to run for governor according to people directly familiar with their plans James is poised to be a top threat to governor Kathy hoku in the primary another raised New Yorkers are watching as the mayoral race Democrat Eric Adams has a lead in the polls over Republican candidate courtesy Today's sleeve will be on Bloomberg's balance of power in the new hour Prosecutors say criminal charges are possible after investigators say the gun that went off in Alec Baldwin's hands was loaded with a bullet on the movie set rust They add that single shot fired from the prop gun is what killed cinematographer Helena Hudson's and wounded director Joel Sousa An American Airlines flying from New York to Southern California had to be diverted to Denver after the airline says a passenger assaulted a flight attendant Another passenger on board says the flight attendant was punched and suffered a broken nose from a man who was refusing to wear a mask.
"letitia james" Discussed on 710 WOR
"Hand Relief Now on 7 10 W. O R. Mr New York. Mark Simone on W. O. R. Well, we got lots to get its our, uh, snow. Look, that's not only as bad as we thought. But it looks like it could be even a little worse. That what With the totals you gave. It was like 12 to 18 inches in the city and 22 22 2 24 22 2 24 inches. Yeah, that's a lot of snow and it ends but tomorrow by let's say 10 o'clock in the morning, 11? Yeah. Middle of the morning tomorrow? Yes. It's ah. Gonna be cold tomorrow. Supposed to reach you Think 39 or 40 39. Maybe on no later in the week, Wednesday or Thursday, Thursday, maybe. And then I think it gets to 40 and on Friday, so that'll start Getting rid of all this snow. That's the other problem. You gotta get rid of it all. And I love the mayor. Boy, you know you usually useless. But in a crisis like this, this guy comes to life. Listen to this brilliant advice and stay off the roads. We're gonna say it 100 times. Please do it for your own safety and everyone around you, but also so our sanitation department can do their crucial work. Uh, yeah. When the photo that stay off the road, SZ, I'm in high above Manhattan right now, Let me look out on the street here. There's one guy walking on the sidewalk. One wet Now That's a police car. There's one police car, and that's it. There's nobody on the road. That's the middle of Manhattan. There's nobody on the road. Who does he think is on the road and listening to him. See? See how effective he is? Yeah, on, he said this by he's setting a good example by not leaving the house. Of course he does that every day, but he is on top of it. So Well, we have a Cuomo briefing today is anything scheduled? I think we probably will use sure. Yeah, Let's be interested You with that? Yeah. He tried to explain the nursing home skill. He allowed three or four questions on it's been 20 minutes, trying to explain it. It was the most convoluted nonsense, ridiculous. Non explanation eyes, Michael Goodman pointed at The New York Times has done a huge piece. On the evilness of Andrew Cuomo and his cover up of his nursing home scandal. So that more evidence that there's some coordination of all of this Letitia James I think got the go ahead from somebody. Uh, some coordination somewhere high up in democratic world to puncture the balloon of Andrew Cuomo And, uh, I said that last time with Letitia James, but now you see a massive New York Times hit piece. That does suggest some coordination is coming from somewhere, doesn't it? Or people getting the go ahead from someone? Why? What I mean is Cuomo. Um I don't know. Wounded. Is he not progressive enough? What's the Why would they go after him? I don't know. He does think it's the governor. You watch those briefings. He's really good. His manner he looks so forceful in in charge. He looks so on top of things, and he gives you all these crafts and charts. It's like everything about the briefing is designed to be the perfect briefing. Meanwhile, he's got the worst results of any governor in America. It's a total disaster. Everything's gone wrong. You got the biggest crime spike in history that homeless garbage all over the streets. The state is told this is the key metric under his leadership to state is totally bankrupt, totally bankrupt 30 billion in the hole. No chance of ever ever recovering under his leadership. More people have left the state than any other state. We're going to lose a couple of congressional seats because we've lost so much population. I hate to say it, but I don't know what's gonna happen this year. Tax wise E. He's one of the biggest budget gap in history. He's going to go nuts with the taxes. If he does that more people leave and it expands the problem. So New York Times in this massive hit piece on Cuomo ex saying that nine of his health department top people have quit over his nonsense, and apparently they had a great vaccine program. Distribution program. All set up, ready to go on. He canceled it. And started screwing around with it. So I think you're gonna see more and more, come out about this and remember His track record is just nutty to remember a few months ago when he said, I'm not you couldn't take this vaccine. It's from the Trump Administration. I refused the vaccine. Remember that? Oh, yeah. That's what's wrong with this guy. Remember when last year the Trump Administration has been great, they built us Hospital, The Javits Center. They've been great. They've given us everything we asked for tune in two weeks later. The Trump Administration is the worst administration ever. They've screwed us up. You watch him out two months ago, I will never accept this vaccine I don't want this vaccine is from the Trump Administration two weeks later. Why can't we get more vaccine? We don't have enough vaccine. Just that he's always been nuts. Remember the remember in those march April briefings, everything. I need more ventilators. I need 40,000 ventilators. Are you going to choose who dies? I need 40,000 ventilated. Remember trump every date way to hold his own briefing. So you're looking in the ill need 4000 at the most will make you 4000. But just in case Trump went and made 500,000 ventilators, very tough thing to make two very complex piece.
"letitia james" Discussed on KLBJ 590AM
"Or invite the way, folks look at this short sellers are sitting on an estimated loss of $70.8 billion. From their short positions in the United States and Cos they're in on the stock market so far this year 70 billion. The vast majority of that chalked up during this game, stop business, 70 billion and climbing. 70 billion hedge funds have got to come up with in cash. If they want to maintain their positions. By the way we're going to get into this is the program unfolds. Breaking news. New York Attorney general has accused Governor Cuomo of under reporting nursing home deaths by up to 50%. The New York attorney general, One Democrat on another is accusing Governor Cuomo of under reporting this Babe's names. Letitia James released a report today Detail ng the investigations in Our office is conducted. Report shows the nursing home deaths in New York state were likely undercounted by up to 50% by Cuomo himself. And his office is his agency's This This could be the issue that eliminates Cuomo from the name of power broking them. It will see it's a long shot. But anyway, back to the phones, we got Ryan here in which it's on. Who are part of the Reddit group that was driving the price up on games, Doc. How you doing, sir? Great to have you here on the program. I'm doing great rust. Great to talk to. You have been listening to you since I was a little kid. My dad had me listening to you as a little kid. And now I'm 41 years old. Let me ask you how surprised were you when you heard me discussing Gamestop today? Turn the radio on and I drive to work and I'm like I got a call Rush. And I called about 30 times and got through and I'm like today's my day. There it is. Yes, sir. Okay, So tell us what's what's the scoop. Okay. The scoop is is I got involved about a week ago. I kind of found out so I'm big into Bitcoin. I'm on the Bitcoin page on Reddit. And they were talking about Wall Street best. I get over the wall Street bets. I joined the group that a lot of reading a lot of research found out about the Gamestop deal looked into it saw the short position that kind of understood what was gonna happen. I got in last Wednesday around $38 and wait, Wait, wait, wait, wait, wait. Now, this important for people that don't follow is something that you got in a $38 a share. Correct? Yes. And it started to move up on got a little wild so and I'm a day trader. So I was in and out of it a few times and it just kept going up and just turn into a wild fire. And it was really there was more than Gamestop to Blackberrying. AMC were two other ones that were on fire, too. And then it all came to a screeching halt this morning because Robin Hood, TD Ameritrade and Swab all blocked those users from buying exactly Schwab TD Ameritrade. And Robin Hood all suspended trading. In game Stop, They would let you sell, but they would not let you buy. Which is why the prices plummeted this morning. All the while, I guarantee you the hedge funds were short in the thing to death because they can do whatever they want. And so you are living breathing. Testifying. Evidence of the market is rigged for the big boys, just like the political market is rigged for the American left. Absolutely. It is reaffirmed. My My dad has been telling me for a long time that it's been rigged for the big boys. And this morning. I've been I've been trading stock since I was 17 years old. And my grandma left me money in her will when she passed away and put it in the stock market. I've been playing ever since. And I've done well over the years, But today I sold everything. I sold everything. There's cash in the account. I don't know what I want to do. I think I'm just gonna bullet. You see, you started to earn too much you and your compatriots on reddit. You started to earn too much, and you were earning it from the elites who thought they were in control of a game. This is you're saying it was a big transfer wealth and That's not the game. The game is the big boys get bigger and the middle class stays poor forever. That's that's the game. Or static. You know one exactly. They you've you've you've nailed it there. So here's a guy playing the game. Here's a guy got in a $38 a share. Now, the users of the APS are not being allowed to buy games Stop. It's been shut down by TD. Ameritrade, Schwab and Robin Hood. Those of the three ways that you had Of buying stock going long going short, however, you wanted to do it. So he sold everything today and got out after realizing that he had topped everything he wasn't gonna be able to do because they were now. Limiting his upward expansion. Mobility got to take a break. We'll be back and continue after this. Don't go away. But most powerful name.
"letitia james" Discussed on 600 WREC
"Neighbor who begged you banana bread only from progressive, regressive casualty insurance company and affiliates, person governmental emitted by state law and in here, and I've got news, traffic and weather in minutes. But now it's more rush on NewsRadio, One of 55 w. E. R C. By the way, folks look at this short sellers are sitting on an estimated loss of $70.8 billion. From their short positions in the United States. And cos they're in on the stock market so far this year 70 billion. The vast majority of that chalked up during this game, stop business, 70 billion and climbing. 70 billion. The hedge funds have got to come up with in cash. If they want to maintain their positions. By the way we're going to get into this is the program unfolds. Breaking news. New York Attorney general has accused Governor Cuomo of under reporting nursing home deaths by up to 50%. The New York attorney general, one Democrat on another Is accusing Governor Cuomo of under reporting this Babe's names. Letitia James released a report today Detail ng the investigations in Our office is conducted. Report shows the nursing home deaths in New York state were likely undercounted by up to 50% by Cuomo himself. And his office is his agencies. This. This could be the issue that eliminates Cuomo from the name of power broking. Them will see it's a long shot. But anyway, back to the phones, we got Ryan here in Wichita. Who are part of the Reddit group that was driving the price up on games, Doc. How you doing, sir? Great to have you here on the program. Doing great rust. Great to talk to. You have been listening to you since I was a little kid. My dad had me listening to you as a little kid. And now I'm 41 years old. How surprised were you when you heard me discussing Gamestop today? Turn the radio on and I drive to work and I'm like I got a call Rush. And I called about 30 times and got through and I'm like today's my day. There it is. Yes, sir. Okay, so tell us what's what's the scoop. Okay. The scoop is is I got involved about a week ago. I kind of found out so I'm big into Bitcoin. I'm on the Bitcoin page on Reddit, and they were talking about Wall Street bets. I get over the Wall Street bets. I joined the group that a lot of reading a lot of research found out about the game stuff deal looked into. It's all the short position. I kind of understood what was gonna happen. I got in last Wednesday around $38 and wait, Wait, wait, wait, wait, wait Now, this important for people that don't follow this something that you got in a $38 a share, Correct? Yes. And it started to move up on got a little wild so and I'm a day trader. So I was in and out of it a few times and it just kept going up and just turn into a wild fire. And it was really there was more than Gamestop to Blackberrying. AMC were two other ones that were on fire, too. And then it all came to a screeching halt this morning because Robin Hood, TD Ameritrade and Swab all blocked those users from buying exactly Schwab TD Ameritrade. And and and Robin Hood all suspended trading. In game Stop, They would let you sell, but they would not let you buy. Which is why the prices plummeted this morning. All the while, I guarantee you the hedge funds were short in the thing to death because they can do whatever they want. And so you are living breathing, testifying evidence that the market is rigged for the big boys, just like the political market is rigged for the American left. Absolutely. It is reaffirmed. My My dad has been telling me for a long time that it's been rigged for the big boys. And this morning. I've been I've been trading stock since I was 17 years old. And my grandma left me money you know in her will when she passed away and put it in the stock market. I've been playing ever since. And I've done well over the years, But today I sold everything. They sold everything. There's cash in the account. I don't know what I want to do. I think I'm just gonna bullet. See you started to earn too much. You and your compatriots on Reddit. You started to earn too much, and you were earning it from the elites who thought they were in control of the game. This is you were saying it was a big transfer wealth and That's not the game. The game is the big boys get bigger and the middle class stays poor forever. That's that's the game. Or static. You know one exactly. They you've you've you've nailed it there. So here's a guy playing the game. Here's a guy got in a $38 a share. Now, the users of the APS are not being allowed to buy game stop. It's been shut down by TD Ameritrade. Schwab and and Robin Hood. Those of the three ways that you had Of Buying stock going long going short. However, you wanted to do it, so he sold everything today. And got out after realizing that he had topped everything he wasn't gonna be able to do it because they were now. Limiting his upward expansion. Mobility got to take a break. We'll be back and continue after this. Don't go away, but most powerful name and talk radio right on the EI. Be network news radio 1055. W E, r c and W we, er.