40 Burst results for "The Justice Department"
"the justice department" Discussed on Bloomberg Radio New York
"The Justice Department that is designed to keep the company operating. Sources tell Bloomberg, Sam Altman and members of the Open AI Board of Open Negotiations aimed at a possible return of the ousted co -founder and chief executive officer to the artificial intelligence company. Stocks are trading lower on this Fed Fed Minutes Tuesday. We've got the S &P down 10 now. A drop there of two tenths of 1%. Dow is down 82 also a decline of two tenths of 1 % while the Nasdaq composite index is down 91 points a drop right now of six tenths of 1%. Ten -year yield 4 .42 % a with two -year the tilting 4 .88 % spot gold back above $2 ,000 barely $2 ,000 and 20 cents up $22 the outs that's a gain right now of 1 .1 West Texas intermediate crude oil is little change now down by one cent. Some of the other stories we're following for you at this are Morgan Stanley co -president Andy Saperstein has been diagnosed with cancer and does plan to keep working as he begins to receive treatment at work morning this in a memo to employees Morgan Stanley shares they are down by 1 .4 % again recapping stocks are lower S &P down 10 a drop of two -tenths of one percent I'm Charlie Pelletton and that is a Bloomberg Business Flash. You're listening to Bloomberg Sound on with Joe Matthew and Kaylee lines on Bloomberg radio. So Kaylee the whole
Fresh "The Justice Department" from WTOP 24 Hour News
"January 6th committee, if you remember that, from Congress. And the judge basically said that this is a fishing expedition and the missing videos that he says are missing are not actually missing. So I think the idea was that there's nothing there. What he's looking for is not theirs. Basically what she said, it's and not necessary for this. All right, as for the gag order in the New York civil fraud case, what's the likelihood that it will be completely dropped? That I can't say, I can't predict what will happen there, but you know, we are seeing two appeals for these gag orders, right? We're also waiting in DC for this gag order to be lifted, right? The appeals court in DC heard this last week, heard arguments from both sides and they seemed skeptical about the prosecutors rationale for it, but they also asked Trump tough questions. So, I mean, I bring up this DC one because they're similar arguments in both DC and New York, right? Trump says, this is infringing on my first amendment rights. I'm running for president and the DOJ, the federal prosecutors are saying, hey, like he needs to be treated like any other defendant and any other defendant would not be able to say what he is saying and it's compromising a fair trial. So these are the arguments that we're hearing about the gag order in New York and in DC. All right, anything else that you're watching when it comes to the former president's legal woes this week? Um, no, I mean, look, we're waiting for a trial date in Georgia right now. We have the state prosecutors have made their August proposal. So we're, that's the last one that we're waiting for a trial date. So, you know, it was a holiday week, so not as much as typical happens last week, but, um, also I guess I should say tonight in the DC case, I know we're jumping around, but there are just four criminal cases plus the civil case. So a lot is happening. The defense team, so meaning lawyers are expected to submit their filings saying who they want to be calling potentially who they want to ask the judge to issue subpoenas to be called as witness in their defense case. So waiting for that to come. That is Washington Post Justice Department reporter and co -author of the Trump Trials newsletter, Perry Stein and the conversation with our Kyle Cooper here on WTOP. Quick look at the stories top we're following for you this early Tuesday morning on WTOP. Amaz releases 11 more hostages this week on Monday. Meanwhile the ceasefire we're told between Israel and Hamas is being extended for an additional at least two days. The shooting here at home of three students in Vermont is being investigated as a possible hate crime this morning and Monday marked the first of three days of memorials for legendary former First Lady Rosalind Carter. Keep it here for full details in just minutes. You are listening to 103 .5 FM at WTOP .com. People love their pets but sometimes need a little extra help the providing care they deserve. That's why since 1944 AWLA the Animal Welfare League of Arlington has worked every day to provide people and animals in need with resources care and protection from animal adoption lost and found emergency food and rehoming services to vaccine chipping behavioral training support Spaying and neutering and more AWLA always is there to help. For more information about AWLA's many good works visit AWLA .org. You're with Lane Dean on WTOP. It is November 28th. Welcome in this Tuesday morning. Glad you're with us. 318 on Traffic WTOP. and weather on the 8th. Of course for traffic let's go first to Rich Hunter and the WTOP traffic center. All right still have a couple of work zones in place. Eastbound Maryland 200 as you head east of the WTOP change for Shady Grove Road and continuing toward to about mile marker 5. Still getting by the work zone single file Wow it's ripe but light volume not causing any delays but just be aware they're still out there working for now. Once you clear it nothing else in your way getting to I -95 or even over toward Route 1. You're in good shape so far. Westbound side Route 1 leaving past 95 and continuing out toward I -270 again nothing in your way so far. Traffic's moving well. With I -95 in the Baltimore Washington Park we off to a good start headed south toward the Capitol Northbound Baltimore Washington Parkway looks good headed up toward I -195 for those folks who are making way their toward BWI Thurgood Marshall. No problems to report 270 South and Frederick down to the Beltway Looking good so far if you're traveling on the Beltway through Montgomery and Prince George's counties it's in good shape still working 50 westbound as you had approached 704 continue to a point beyond the Capitol still Beltway down to one single lane to the left through the construction Rich Hunter WTOP traffic. Cold temperatures moving through our Tuesday at least we'll have lots of sunshine but don't be fooled temperatures will only make it into the 30s a few lower 40s are possible but most neighborhoods will
You Think Trump Is Like Hitler? What About These U.S. Presidents?
"Come back but that's not what he did this time he moved them deep Central and South America with the United States military most of you don't know even about this unless you've listened to this show in the past see when hitler franklin roosevelt rounded up a hundred twenty thousand Americans most of whom were citizens took their homes away from their properties away from them forcibly move them to ten different internment camps nine of which are in the midwest because they were Japanese because FDR had a at a severe prejudice against japanese long before world war ii long before he was president was he hitler joe biden today on the southern border is allowing fentanyl to come into this country and kill a hundred thousand Americans a year he's allowing criminals to come in potentially terrorist to come in the inhumanity that's going on in that southern border the border is almost unspeakable to little kids and they used to jump on Trump about cages cages what's going on today? Is that Hitler? Is Biden Hitler? Is Biden Hitler? Thank Trump uses the word vermin and he's hitler you The Democrat party and their media are telling you if he's elected we're going to lose our democracy he's going to turn the Justice Department against his political enemies first of all that's exactly what's happened today secondly he will get more resistance than you can imagine of out that Department of Justice the Democrat party owns the Department of Justice but that aside it's funny how they don't call real Hitlerians Hitler many of whom are in their own business journalism journalism but you can get away with saying anything about Trump he used that word vermin no no that's Hitler and in my book Unfreedom of
Fresh update on "the justice department" discussed on WTOP 24 Hour News
"Attempt to subpoena records from the February 6th House Select Committee. And Mr. Trump has filed a request in a New York appeals court asking that the gag order his in civil trial, the fraud trial, be dropped. Joining are Kyle Cooper with the judge's response to the subpoena request recently and the latest on all of the former president's actual legal cases. This morning is Washington Post Justice Department reporter who also co -authors the Trump trials newsletter, as it's known. We're talking about Perry Stein with the latest force. The judge basically, I mean, Trump wanted he claimed what were these missing stuff from the January 6th committee, if you remember that, from Congress. And the judge basically said that this is a fishing expedition and the missing videos
A highlight from How Crypto Can Actually Move Past SBF
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, November 7th, and we are back with The Breakdown. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, friends, we are back from that anniversary trip that you knew about. Very rejuvenating, excited to be back with you all. And today, although it is by now long old news to all of you, for the sake of completeness, we are going to wrap up our coverage of the SPF trial. Now, I'm going to focus on some of the logistics, what happens from here, and of course, spend most of my time on community reactions. So, on Thursday night, Sam Bankman -Fried was found guilty on all seven counts of fraud and money laundering. Sam's defense attorney maintains his innocence and says they will continue to, quote, vigorously fight the charges. After the verdict was handed down, Damian Williams, the U .S. attorney for the Southern District of New York, delivered an ominous warning on the courthouse steps. He said that although the cryptocurrency industry is new, quote, this kind of fraud, this kind of corruption is as old as time, and we have no patience for it. Williams noted that Sam's case moved at lightning speed, which he said was a choice, not a coincidence. He said that this case was a warning to quote every single fraudster out there who thinks they are untouchable, that their crimes are too complex for us to catch or that they're too powerful for us to prosecute. Williams warned that if the remaining fraudsters in the crypto industry don't cut it out, quote, I promise we'll have enough handcuffs for all of them. Now, Sam's sentencing will be carried out in a separate hearing tentatively scheduled for the 28th of March next year. Sam faces a statutory maximum sentence of 110 years in prison. However, of course, he will likely be sentenced to far less than that, as terms of imprisonment are often served concurrently across all charges rather than consecutively. Katie Haun, a crypto VC who previously tackled high profile crypto criminal trials as a federal prosecutor, explained the way that federal sentencing guidelines work in this context. As Sam's crimes surrounded one of the largest fraud schemes in history, the guidelines place him in the highest possible bracket when considering the size of losses and number of victims. His sentence will also be enhanced by his leadership role within the scheme and the sophisticated nature of the fraud. Sam maxed out the scale as a result of these factors, which means the guidelines would suggest life in prison as the appropriate sentence. Even if the judge reduces some of the factors to fit Sam into a slightly lower sentencing bracket, the guidelines would still indicate a sentence of 27 to 34 years in prison. Katie wrote that Sam faces likely decades in prison. Now, aside from sentencing, the major question that remains in the legal process is whether additional prosecutions are still to come. Long before the trial, the Justice Department added charges related to campaign financing. These were not included in last month's trial due to objections from the Bahamas government that the charges were not agreed to when Sam was extradited. During her testimony, former Alameda Research CEO Carolyn Ellison discussed bribery of Chinese officials. That evidence would implicate Sam in breaches of the Foreign Corrupt Practices Act. With Sam now convicted of fraud, it's an open question whether the DOJ feels the need to pursue additional charges or is satisfied with the prosecution already carried out. There is a second trial tentatively scheduled in March of next year to deal with the campaign finance charge and other allegations from the revised indictment. Over the coming months, the DOJ is expected to inform the court whether they intend to proceed with extra charges, which will be unlikely to result in additional prison time for Sam. The political sensitivity, however, of the campaign finance charge could complicate that decision. The other question is whether additional people involved in managing FTX will be charged. The three executives who testified against Sam will be sentenced alongside him in March after pleading guilty. And although he was mentioned several times during the trial and implicated in decision -making at Alameda Research, we still have no real insight into why former Alameda CEO Sam Trabuco has not been charged. Similarly, significant testimony seemed to imply that the conduct of Sam's parents could rise to the level of criminal liability. Now when it comes to reactions from the crypto community, one of the big themes was a sense of relief. Crypto researcher Noelle Acheson said the verdict came as a huge relief. While it looked increasingly likely as the trial wore on, there was always the outside chance that SPF would yet again embarrass the industry by showing that crypto fraud can be hard to prosecute. That didn't happen. And the swift and unanimous decision from the jury definitively shows that fraud is accountable. The closure of the SPF phase should help to show the next wave of investors that crypto markets can be grown up. And hopefully now we can get back to building the capital market infrastructure the ecosystem deserves. Paul Brody, the head of blockchain at EY said, it's a wonderful moment for crypto. Accountability in the sense that bad actors will be punished is important, not just for deterring bad actors, but to give confidence to those who are operating with integrity. However, another reaction was that prosecutors are likely to be even more emboldened. Preston Byrne, a partner at Brown Rednick said, I would not read too much into the SPF trial result as a forward looking matter. What's done is done. SPF is off the board as a major player in crypto, probably for the rest of his working life. What this is, is a significant and decisive victory for the US attorney's office in the SDNY, convincing a jury that fraud is fraud, even in a context where complex novel technology is involved. I would expect that the USAO has a lot more confidence today than they did yesterday that they can win other big cases against bad actors in crypto. Now at this point, it's worth noting to me that one of the things that I was watching is whether the idea that this was the crypto industry on trial would actually take root. In other words, would this be characterized as the trial of SPF or as the trial of the crypto industry as a whole? In my estimation, it was much more, much more about SPF. Part of that was that the prosecutors were pretty clear about that. And indeed that speech at the end of it all from Damian Williams really drove it home. Yes, he was warning others in the crypto industry that if they were rotten, he was coming after them. But his bigger point was that fraud was fraud, regardless of what context it was in, and whether or not it used novel technology like cryptocurrency. In other words, the prosecution made a specific decision, presumably rooted in actual belief that the Sam Bankman Freed trial was a trial of Sam Bankman Freed. Now one really interesting conversation that has generated a lot of discussion is what the appropriate sentence for Sam actually is. Unchained podcast host Laura Shin wrote, I see a lot of people debating how long a sentence SPF should get. Curious to take the temperature. Also curious to hear if you think sentences are too short or long in general and sentences for white collar crime, financial crime, et cetera. Now of the choices she gave, which were one to nine years, 10 to 19 years, 20 to 29 years and 30 plus years, 30 plus years got 58 .6 % of the vote. Laura then noted that she had misjudged how many people think this will be a long sentence and revised her post. For that new poll, her options were one to 14 years, 15 to 29 years, 30 to 44 years and 45 years to life, 45 to life got the most votes at 44 .1%. Now if that shows the general mood of crypto is particularly vitriolic towards Sam. There were some who said that his sentence should not be that long. Tiffany Fong wrote, I bet this will be my most hated post, but I personally do not root for life sentences or equivalent for nonviolent criminals. I lost my life savings to Celsius last year and obviously punishment is necessary, but I care far more about every penny getting clawed back to creditors and that they're forever barred from financial institutions. I don't personally benefit from or take pleasure in the prospect of SPF or Mashinsky sitting in prison for life. I'm sure this post will enrage people and agree to disagree, but that's just how I feel. ProPublica senior editor Jesse Eisinger said, SPF should not get 110 years. I'd say around five to seven reiterating my longstanding position that one, we should put fewer people in prison generally, two, but send more white collar criminals to prison with far shorter sentences, four, prison should be much, much more humane. Now this one generated a lot of response. DC investor wrote, understand that SPF caused serious financial harm and serious emotional harm. His fraud and his theft of user funds who believed they were being held as sacrosanct led to suicides. Five to seven years isn't nearly enough. He deserves at least 30. Eric David Paul from block tower put it a different way. He said, if the punishment for stealing 10 billion plus by defrauding hundreds of thousands of laypeople was five years in prison, it would be rational for most people in the world to commit the crime and the head of people like SPF. This is probability. They say X percent chance they get away with it. Y percent they don't. If they think 80 % they walk away with 10 billion and 20 % they go to jail for five years and keep nothing. It's a good trade. David Z Morris wrote, he won't get 110. That was never really on the table. And I understand the empathy, but based on the trial, he fully deserves 25 to 50. He has a callous manipulator who straight forwardly did not believe the law applied to him and still doesn't. He lied under oath repeatedly. DC investor followed up in another thread, give him only five years and O 'Leary just funds his next startup. You either create consequences and thus a disincentive for bad actors or none of it even matters.
Fresh update on "the justice department" discussed on WTOP 24 Hour News
"Morning, November 28th. Welcome in. Glad you're with us here at WTOP. If you're just joining us, clear, very cold this overnight early morning. The good news is it'll be less windy, at least by daybreak. Lows in the recent 30s, most of the region do bundle up. We're at 37 in our nation's capital right now. Good morning to you. Lyon. I'm Dean Glad you're with us. 1 14 in the morning on WTOP. This is WTOP news. The federal judge overseeing former President Donald J. Trump's election interference case here in D .C. has denied the former president's attempt to subpoena records from the January 8th. Mr. Trump has filed a request in a New York appeals court asking that the gag order in his civil trial, the fraud trial, be dropped. Joining our Kyle Cooper with the judge's response subpoena to the request recently and the latest on all of the former president's actual legal cases. This morning is Washington Post Justice Department reporter who also co -authors the Trump trials newsletter, as it's known. about We're talking Perry Stein with the latest for basically, I mean, Trump wanted what he claimed were these seeing stuff from the January 6
Georgia Forced to Redraw Legislative and Congressional Maps
"Georgia has just been told to redraw their maps, both their legislative maps on the state level and their congressional maps. It's going to be interesting to see how that goes. Um, I had a conversation with someone who was near the governor's office of in Georgia camp, who said, we weren't worried about it until the legislature figures it out. I said, I get that. Um, but you've got North Carolina. The reason I'm setting this up, it's a long setup, but you're bearing with me. Number one, folks, if you don't know, Chip was with a guy named, uh, Lynn Westman. Lynn Westman is a mentor of mine. He's a dear friend, just like he is to chip, uh, served in Congress. I'll tell people this all the time. If Lynn had not went to Congress, Lynn Westman would still be the speaker of the house in Georgia, if not governor. Um, I just believe he would have been and stayed there, but he, but he has an old, you know, contractor, a good old boy mentality. That's just the way he is. But he got in, y 'all got into redistricting heavy, uh, from really his time before you even more started working with him in the early two thousands, all the way to when you were working with him in 2009, 2010, working on the previous maps. This matters. And I'm afraid Republicans chip, and I love to get your input here. I'm afraid Republicans got complacent after the last round and we didn't take this round of redistricting as seriously across the country as say we did back in 2010. Yeah. I mean, it's a word of start, right? I mean, there's so much to unpack there. I mean, it, uh, um, I, I will say this, that, you know, uh, um, section five of the voting rights act, which the Supreme court rightly, you know, kicked out as unconstitutional a lot later than they should have candidly. I mean, a lot of people don't know, but what section five mandated was that if you were under, if you were a section five state or jurisdiction, which Georgia was many of the States in the South were, you had to submit your maps to the justice department for pre -clearance. It was blatantly unconstitutional because, uh, for a variety of reasons that I'm back to what you said about, I'm not a constitutional scholar, but what I do understand is, you know, you, you can't have one set of laws for one people in another state. You can't have another set of laws for another people. So the formula that decided pre -clearance, uh, up until like what, five years ago, maybe six years ago, you know, maybe, you know, was, uh, was the 1968, 1972 presidential election. I mean, are you kidding me? So, you know, now there's this whole cottage industry that the Democrats have. That's much more of a, it's much bigger of a cottage industry that, you know, they raised tens of millions of dollars, if not hundreds of millions of dollars to go after only States that have Republican drawn maps. It's for blame. It's not so they can equal the playing field for minorities to compete. Do not kid yourselves. The reason behind this is to maximize Democrat drawn gist districts. That is political. That is not, that is not leveling the playing field for a particular minority. Um, it's only going after Republican State drawn maps and look, what these judges have done is they move the goalposts every time they make a decision. And I'll say this, and I know I'm going to get criticized for saying it, but federal judges, especially Trump appointed federal judges, you know, in some ways, you know, they're on the federal bench now, and that's a lifetime appointment. Right. You know, they are petrified at being at, at making a ruling at which they could be labeled by the other side as racist.
Fresh update on "the justice department" discussed on The Eric Metaxas Show
"Welcome back. We're talking to John Zmirak. John, your article about J6, I put it on Twitter and it got a lot of retweets. I think certain people understand this, but there are many who don't. You know who does understand it really well? Julie Kelly. She is America's Joan of Arc at the moment. Julie Kelly, she's on Substack now. She frequently appears on Steve Bannon's show. She is the person who, starting January 7th, started investigating these outrageous, inflated, crazy charges that were being thrown at innocent Americans by the same Justice Department officials who let rioters and arsonists from the George Floyd riots walk free. That is what you call anarcho-tyranny. And anarcho-tyrannies are anarchy for me, tyranny for thee. My rioters can do whatever they want. If you defend yourself, like Kyle Rittenhouse or Jake Gardner, we're going to try to charge you with murder. We're going to destroy your life. That is exactly, exactly what the Nazis did in the 1930s. The brown shirts would beat people up. Everybody would get arrested. The brown shirts would be set free by pro-Nazi judges. And the socialists, the Catholics, the Jews who'd been defending themselves would go to prison for fighting back. That is literally how the Nazis created their control of Germany, such that in 1932, Hitler, they had to let Hitler come to power. And that is what the Democrats are doing now, following the Nazi playbook. We've got to take our country back. And there are only a few heroes in government at this point who seem to understand what's at stake. Senator Lee of Utah has called to investigate the January 6 committee, this group of fascists, Lynne Cheney, the famously pan-faced Adam Schiff and others who really, again, my mind boggles when I consider that this has happened in America, that we have people like this who are genuinely wicked. Again, John, it's always harder for me than for you for some reason to process this stuff. I don't know why. You moved to Connecticut at a formative age. I stayed in Astoria, Queens, where everybody was ugly, brutish and short. And so I never developed I never had this leave it to Beaver idyllic childhood in patriotic, suburban Connecticut. You know, I was I was dodging garbage bags coming out of the windows of the tenement right up till showing up at Yale. I guess I guess that explains it. I don't know. I can't think of another explanation. I want to I want to mention, speaking of Mike Lee, a hero, we've got to go back to Matt Gates. How amazing. And you mentioned this in your article at Stream.org. But how amazing that he was willing to blow things up so that we could get rid of Kevin McCarthy. Let's remember what Kevin McCarthy did in return. There were fake, totally invented sex trafficking charges cobbled together by corrupt FBI agents. Totally untrue against Matt Gates. Kevin McCarthy tried to reopen them in order to try to personally destroy Matt Gates for holding him accountable for the promises McCarthy made in order to become speaker. McCarthy promised to release the J-6 tapes. He opened a window of about three or four hours. In those hours, they found enough evidence to get Jacob Chansley, the QAnon shaman, out of prison because he had done nothing wrong. Now he's running for Congress. I vote for him. Give money to Jacob Chansley. He's running for Congress in Arizona. We need a House of Representatives at 100 percent. All January six defendants. That's my goal. Start the January 6th party because the victims of American tyranny should be the ones who are governing America, just as the people who were victims of tyranny in 1776 became the leaders of America. The victims of British tyranny in 1916 became the leaders of an independent Ireland. January 6th is our Boston Tea Party or it's the Reichstag fire. There is no middle ground.
"the justice department" Discussed on Northwest Newsradio
"The Justice Department and the Department of Homeland Security to partner with campus law enforcement to help track hate -related rhetoric across campuses and again that report from ABC Stephanie Ramos the Senate Homeland Security Committee holding their annual World Wide Threats hearing with a focus on hate crimes ABC's Liz Landers has more from Washington DC during Senate hearing a covering worldwide threats on Tuesday Homeland Security Secretary Alejandro Mayorkas addressed a rise in anti -semitism since the war between Israel and Hamas broke out hate directed at Jewish students communities and institutions add to a pre -existing increase in the level of anti -semitism in the United States and around the world Mayorkas said that just the last few weeks have shown that the threat environment that his department confronts has quote evolved and expanded constantly since their founding after 9 11 Liz Landers ABC News Washington Northwest News Time 1250 Wall Street with her stock charts dot -com money update here's Jim Chesco Anheuser -Busch in Bev is out with mixed quarterly results the Brewing giant topped expectations in posting a profit of 86 cents a share but nearly revenue 15 .6 of billion dollars was a little short of estimates the beer company also reaffirmed its previous guidance and shares of Anheuser -Busch are up five and a quarter percent today the Pentagon Space Development Agency has announced about 1 .3 billion dollars in contracts to York Space and Northrop to build communications satellites the agency is having the pair of companies build 100 satellites to provide encrypted communications that's your money now money news of course at 20 and 50 past every hour on Wall Street the Dow up 106 points now the S &P 25 points higher and the Nasdaq up 58 back traffic with and weather guys revive men's health Seattle is making you this guarantee we will improve the medical condition of your ED or low T or we'll give you your money back book today call 206 -529 111 or visit revive men's health .com are you tired of loose and painful teeth have you thought about replacing all your your teeth or dentures South Seattle smiles full smile solution is a permanent full mouth teeth replacement and with little to no money out -of -pocket with Blue Cross Blue Shield smile confidently is what I'm talking here eat freely again in one day tell friend him your Mark Christopher sent you and receive a complimentary consultation and CT scan 206 -241 55 33 206 -241 55 33 online dr Timmerman calm that's dr Timmerman .com the como forecast team four of the most experienced climatologists in the northwest working for you Shannon and Rebecca Kristen Kristen and Theron trusted meteorologists skilled forecasters combining science with awareness to prepare and protect for
Fresh "The Justice Department" from WTOP 24 Hour News
"The latest. I didn't know he didn't think that things could change that quickly. The news, the weather, the traffic. So he didn't do anything. I didn't know he could check in with W. T. O. P. 234 times a day. Then he would go. W. T. O. P. News backs matter. Mhm. Mhm. Mhm. Yeah. Yeah. Yeah. Mhm. Washington's top news. W. T. O. P. Facts matter. It's 8 45. Good I'm evening. Kyle Cooper. Thanks for being with us tonight. The federal judge overseeing former President Trump's election interference in case D. here C. Has denied the former president's attempt to subpoena records from the january six house select committee. And Mr Trump has filed a request in a new york appeals court asking that the gag order in his civil fraud trial be dropped. Joining us now is Washington Post Justice Department reporter Perry Stein, who also co authors the trump trials newsletter Perry. Thanks for being with us tonight here in W. T. P. O. Let's start with the subpoena request. What was the former president seeking? Why was he seeking those subpoenas? And why did the judge say he's not going to allow that to happen? Yes. So the judge basically, I mean, wanted Trump what he claimed were these missing stuff from the January six committee. If you remember that from Congress and the judge basically said that she even that this is a fishing expedition and the missing the missing videos that he says are missing or not actually missing. I So think the takeaway was that this is there's nothing there. What he's looking for is not there is basically what she said. And it's not necessary for this. All right. As for the gag order in the New York civil fraud case, what's the likelihood that it will be completely dropped? That I can't can't say. predict I what will happen there. But you know, we are seeing two appeals for these gag orders, right? We're also waiting in DC for this gag order to be lifted right? The appeals court in DC heard this last week, heard arguments from both sides They seemed skeptical on both. You know, they seemed skeptical about the Prosecutors rationale for it, but they also asked Trump tough questions. So I mean I bring up this DC one because There's similar arguments in both DC and New York, right? Trump says, this is infringing on my First amendment rights. I'm running for president and the DOJ the you know, federal prosecutors are saying hey, like he needs to be treated like any other defendant and any other defendant would not be able to say what what he is he saying and it's compromising a fair child. So these are the arguments that we're about hearing the gag order in New York and in DC. Alright anything else that you're watching when it comes to the What was this week? No, I mean look we're waiting for a trial date in Georgia right now we have the state prosecutors have made their August proposal so we're that's the last one that we're waiting for a trial date so you know it's a holiday week so not as much as typical happens last week but also I guess I should say tonight in the DC case I know we're jumping around but there are just four criminal cases plus okay so a lot is happening the defense team so meaning Trump's lawyers are expected to submit their filings saying who they want to be calling potentially who they want to ask the judge to issue subpoenas to be called as witness in their defense case so we're waiting for that to come. Alright Perry thanks so much for the update as always. Thank you so much for having me. That is Washington Post Justice Department reporter Perry Stein who also co -authors the Trump Trials newsletter. Top stories we're working on tonight on WTOP 11 more Israeli hostages released by Hamas this as Hamas and agree Israel to extend their future truce make that their truce for another two days a shooting in County Montgomery and another in Prince George's County sends a handful of schools into lockdown this afternoon one teenagers of six injured in an early morning car crash in Fairfax County last week has now died. Keep it here for full details all these stories in the minutes ahead it's now 848 and Bob Himmler is in the traffic center. Around the Beltway in Maryland and in Virginia traffic continues to run without delay and no work zone set up as of yet on 66 both inside and outside the Beltway all is quiet tonight waiting to see if any set up on either 395 or 95 for now traffic runs well on each as far south as Fredericksburg and beyond and in the district up and down 295 along 695 and 395 everything is running pretty well in Maryland at 50 westbound before route 704 there is a work zone set up blocking the right lane eastbound getting out to the Bay Bridge on 50 no delay 95 on the Baltimore Washington Parkway each pretty quiet as is 270 both ways bob imler WTLP traffic alright we are in for a pretty cold week let's get the details live down revenues to first alert meteorologist Steve Rudin already think it's cold out there right now wait until tomorrow morning and better yet until Wednesday
FBI Received 'Criminal Info' From Over 40 Sources on Biden Family
"That Grassley learned that an FBI task force within the Washington field office sought To and in some cases successfully shut down reporting and information from those sources By falsely discrediting the information as foreign disinformation that quote effort caused investigative activity to cease unquote But despite these efforts by the FBI task force Grassley said in at least one instance A confidential human source and its information had been vetted by multiple US Attorney's offices which found quote no hits to known sources The revelations were laid out in a letter Grassley wrote to Attorney General Merrick Garland and FBI director Christopher Wray late last night The letter was exclusively obtained by Fox News digital so it'll be dismissed by the pro -hamas Nazi media So what should have happened here Mr. producer? Grassley should have given it to Hamas. Then Hamas could have released it to the media including Reuters AP the Washington Post NBC and then the media might actually take it seriously Grassley said based on the information provided to my office over a period of years and multiple credible whistleblowers there appears to be an effort within the Justice Department and FBI to shut down investigative activity relating to the Biden family Grassley wrote to Garland Garland and Wray now you know why Garland will never and would never appoint a special counsel there is no way he's gonna let this out of his control this is the biggest cover -up in American
A highlight from SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole
"Thanks for tuning in to day 11 of the Unchained Recap of the SPF trial. On Wednesday, the criminal trial against Sam Pinkman -Fried featured financial and technical expert testimony, a considerable portion of which was mundane. One standout witness relayed his analysis of how much money FTX owed to its customers against how much it actually had over time. However, there were two witnesses whose purpose was unclear, prompting the judge to rebuke the prosecutors. Although the testimony was less dramatic than earlier this week when the prosecution's final star witness, former FTX head engineer Nishant Singh, detailed its growing balance sheet problems and Bankman -Fried's harsh management style, the clear and easy -to -follow financial flows analysis yet again presented a strong case for the prosecution. In the dry and technical terms of bank accounts and blockchain technology, but accompanied by clear diagrams, flow charts, pie charts, and graphs, Notre Dame accounting professor Peter Easton dissected Alameda's bank statements, FTX's database, cryptocurrency blockchains like Ethereum and Bitcoin, and third -party bank statements. His presentation illustrated how FTX had mismanaged customer funds so severely that according to his analysis, at the time of its collapse, the gap between what it had and what it owed customers was about $9 billion. Easton testified, quote, "'The amount of customer deposits held in Alameda Research and FTX .com accounts was way less than what was owed to customers on FTX.' What happened to that money? Well, Alameda Research used it for their own expenditures." Similarly, the amount of FTX hot and cold crypto wallets was far less. The amount owed in those wallets was far less than the amount that was owed to FTX customers. And again, Alameda Research used customer crypto funds to pay for the expenditures. Easton, who was hired by the U .S. Justice Department to analyze FTX and Alameda balance sheets and who had done similar work on the Enron and WorldCom cases, told prosecutors that SPF's firms have spent customer assets on investments, political and charitable donations, and real estate, including the Bahamian penthouse where Bankman freed and nine others lived. After explaining one page with four categories of money visually represented on it, first, Alameda bank accounts, second, accounts with customer deposits, third, FTX bank accounts, and fourth, an SPF entity called Paperbird, the prosecutor asked Easton, quote, "'Now let's talk about what happened to the customer funds that moved through those accounts. And was any of the customer money spent?'" Easton, who seemed to have an Australian accent, responded, "'Oh, yes,' in a tone that sparked laughter in the overflow room." The diagram entitled Co -mingling of customer fiat deposits with other funds showed how interconnected FTX and Alameda were rather than arm's length entities as SPF and Ellison had publicly maintained. It depicted transactions from a nearly 11 -month period beginning in January, 2022 via a network of more than 50 bank accounts under Bankman freed's control. Easton concluded that FTX had chronically used customer assets for its own purposes. His blockchain analysis in particular showed that on October 31st, 2022, FTX's customer balance was more than $10 billion greater than the amount FTX actually held in his crypto wallets. He demonstrated that numerous investments were made using customer funds. For example, 100 % of the investments into trading firm Modulo Capital came from customer funds, according to Easton's testimony. Other investments that were made with either a part or all of the funds coming from customer assets included Anthropic, Genesis Digital Assets, Robinhood, and K5. There were numerous real estate purchases made with customer money, such as the Orchid Penthouse, SPF's Gemini apartment, and an apartment labeled Old Fort Bay, which cost $16 .4 million, along with $1 .64 million for VAT. Its deed listed the owners as Alan Joseph Bankman and Barbara Helen Freed, who are SPF's parents. Of the political donations in his analysis, all of which were paid wholly or in part with customer money, two seemed notable. One, to Freed's Super PAC, was corroborated by an email Freed sent to her son, saying, quote, Since this is going to our 527 and hence is disclosed, I'm assuming Nashad would be the best person to have his name on it. SPF responded with an email approving the transaction. Additionally, Easton said a charitable donation to Bankman Freed's brother's nonprofit organization, Gardening Against Pandemics, received $20 million of customer funds. Easton also highlighted how loans from third -party lenders were paid off using customer funds. In fact, payments to several third -party lenders, including BlockFi, Voyager, Celsius, and Avra, were 100 % composed of customer money. Bankman Freed attorney David Lissner attempted to cast doubt on Easton's methods, asking whether it was, quote, Lissner highlighted that the fiat at FTX internal account tracked all customer deposits in all relevant bank accounts from Alameda, North Dimension, and FTX. Bankman Freed's inner circle had separated the fiat at FTX account to understand the liability split between FTX and Alameda, but Easton admitted to Lissner that he left the fiat at FTX account as is, lumping customer FTX bank account liabilities with Alameda's. All this meant, however, was that Easton's analysis in this instance was just not entirely accurate. Using different witnesses, prosecutors drew attention to Twitter activity by Bankman Freed that seemed to highlight his indifference to FTX's growing financial predicament, or possibly an attempt to fool some of the political heavyweights and celebrities with whom he corresponded. In one instance, Elliora Katz, a Washington DC lobbyist whom FTX hired to help with its government relations, read a tweet by Bankman Freed in which he thanked Maxine Waters, Patrick McHenry, and the House Financial Services Committee. The prosecution also asked Katz to read the defendant's tweet on February 6th, 2022, where he said he was excited to testify before the Senate Agriculture Committee on Digital Assets.
A highlight from Does The DOJ Has An Obligation to Investigate The Pro-Hamas Hate Groups in This Country.
"Isn't it kind of funny how sometimes when you pray for something, God, you know, gives you what you're asking for. Sometimes he doesn't. I have found myself many times in prayer saying, please, please, God, if it's your will, make this happen. And when he doesn't, it's important, it's imperative that we don't lose our faith, that we don't bail, that we don't forget that he's got this, that he's in control, that it's all his will. Sometimes he gives us almost exactly what we wish for, what we pray for. And I can't wait to give you the big reveal over what you have done to support the victims of the Hamas terrorists in Israel. International Fellowship of Christians and Jews and The Mike Gallagher Show partnered and oh my word, I didn't give you a number yesterday because I thought, could we get there by Friday? Could I give a number that is going to just knock everybody's socks off? God heard our prayer. God touched hearts and minds. And once again, you've shown that you've got the biggest heart of any talk show audience in the country. More on that in just a couple of moments. Stay tuned because I've got some great news to share with you. In the meantime, last night, Senator Josh Hawley asked a very good question about these pro -Hamas speakers on college campuses. Remember after 9 -11, there was a debate about whether or not Muslims cheered 9 -11? And of course, the media narrative is, oh, that was all debunked. It wasn't true. There weren't Muslims on roofs somewhere in New Jersey cheering 9 -11. That was an urban legend. It didn't happen. Well, no urban legend this week. We've heard a lot of anti -Israel, pro -Hamas rhetoric in the streets of America. And don't be telling us down the road that that was debunked. I don't need to trot out all the filthy, disgraceful, pro -Hamas speakers that we've heard on college campuses and in communities like Dearborn, Michigan all week long. So riddle me this, Batman, if we're going to track down participants of January 6th, if the Justice Department and the FBI and law enforcement are going to target people who were at the Capitol on January 6th, are they doing the same for people who have cheered the slaughter of innocents, the massacre of babies, the decapitation of infants, the rape of young women, the horrific brutality that Israel is experiencing? And if people stand around in America and say, go Hamas, go, are we going to investigate That's what Senator Josh Hawley on Sean Hannity's show last night on Fox News Channel wants to know. And that same institution, Sean, as I recall, was quick to fly the flag of Ukraine over Harvard Yard. But now when Israel is under attack, their terrorists are murdering children, cutting off the heads of babies. They want to wipe Israel off the face of the map. Let's be honest. They want to make would kill every Jew in the world if they could. That's what these terrorists want. And to be silent in the face of that or to celebrate it as these crazy student groups are doing. What I want to know, Sean, is who's funding these student groups? I hope that the DOJ is investigating where the money is coming from. Are there terror groups who are part of these networks who are infiltrating our campuses? I mean, this is crazy stuff that we're seeing on these campuses and for these administrators to have their hand out to take federal money, taxpayer money, and at the same time be silent or silently condone this kind of terrorism is just it is grotesque. He's right on the money. Did you hear what he just said? And I want to start the hour by directing that statement from Josh Hawley to you. Are there terror groups who are part of these networks infiltrating our college campuses? You know, this is supposed to be the global day of jihad. A lot of big cities are on alert, extra police presence felt in major American cities. There are massive protests taking place right now in the Middle East because some ex -Hamas official said today ought to be the global day of jihad, whatever that means. And who knows? I would tell you right now, have your eyes open. I would tell you right now to have situational awareness, be alert, and be safe. And I am absolutely devastated by hearing pro -Hamas speakers in this country. So let's dive in together as we welcome you aboard on a Friday in the Relief Factor Studios. It is October the 13th, 2023. The P .H .D. weight loss and attrition phone number is 800 -655 -MIKE, 800 -655 -6453. Do you wonder who's funding these pro -Hamas speakers on college campuses? Are you as distressed and concerned and frustrated about these pro -terrorist speakers here in America as I am? There's no urban legend, so spare me the malarkey that it didn't really happen. Oh, it's happening all right. We got people on college campuses today. We've got people in Michigan today cheering the incineration of little babies. That's a problem, don't you think? Give me your answer. Let's flood the zone. I want as many phone calls on this as we can. This is a caller -driven show, and I want to look up and see our lines jammed because when we come back, I'm going to give you some good news. When we come back, I'm going to give you the up -to -the -moment total of our International Fellowship of Christians and Jews campaign and share with you what Mike Gallagher Show listeners have done, an extraordinary moment in the history of this show. That great news and more all coming up. In the meantime, join me. Tell me what you think about what you're hearing in the streets, not of Yemen, but in the streets of the United States of America. I hope you join me, 1 -800 -655 -MIKE. Three pastors risking it all for their faith. Learn their courageous story in The Essential Church, a powerful documentary exploring the timeless struggle between church and government. Stream it now at salemnow .com.
A highlight from A Leading Candidate for Next Speaker of the House is One of Crypto's Biggest Allies in D.C.
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, October 4th, and today we're discussing so many interesting political stories. Broader political US machinations that have some interesting implications for the crypto industry. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy hump day. Now, I mentioned yesterday that I wasn't going to do full SPF trial updates every day. My current plan, although it's, of course, always subject to change, is effectively to save up every few days for really important stuff and give you the full rundown. Now, that said, I will try to give you the very highest highlights if there's anything super important. And really, the only big notable detail yesterday was around witnesses. In addition to the FTX leaders that we know had cut deals with the Justice Department and who were planning on testifying against Sam, including Gary Nashad and Caroline, it appears as though former COO Constance Wang, and probably most notably to the crypto community, former Alameda Co CEO Sam Tribuco, are also planning on testifying. Given that that other Sam has not been heard from, effectively since he went off on his boat in the summer of 2022, that one certainly got some tongues wagging. Now, that said, when it comes to the crypto industry and its actual future, the much more interesting story was drama in Congress. I'm excited to dig into that. But before we do, I'm also thrilled to announce that the breakdown today is welcoming a new sponsor. That sponsor is Kraken. Now, Kraken is a company I've known forever. Their founder and former CEO Jesse Powell is one of the true OGs of the space. And I've just known tons of super high integrity people who have ended up working with Kraken. And I think that that comes out in a lot of different ways, including them being super early, for example, to proof of reserves. I'm really excited to have Kraken on board as a sponsor, and so you will be hearing from them over the course of the show and in future shows as well. But let's talk congressional drama and what it means for crypto. TLDR, House Republicans have plunged into disarray as the fallout from last week's narrowly averted government shutdown plays out. Specifically, House Speaker Kevin McCarthy has been ousted from his position after Matt Gaetz filed a motion to vacate, calling for a vote to remove the speaker. Now, this outcome always had some chance of being in the cards. McCarthy was elected speaker in January after a torturous, modern record 15 rounds of voting. McCarthy made a range of concessions and deals with various GOP factions in order to gather enough support to be elected speaker. Among them was a rule change that would allow any single House member to call for a vote to remove him at any time. Gaetz, who was one of the primary agitators pushing for a government shutdown last week, unsurprisingly pulled that trigger on Monday evening. The last straw seemed to be the revelation of a secret deal between McCarthy and the Biden White House to ensure ongoing Ukraine funding. On Tuesday, the House voted 216 to 210 in favor of McCarthy's removal. Several conservative Republicans joined with Democrats to support the motion. This is the first time in US history that the Speaker of the House has been removed by a vote. Indeed, even calling for a vote is extraordinarily rare, with the last one taking place over 100 years ago in 1910. Now, of course, there will be plenty of places where you can go discuss and hear about what it represents in terms of the state of American politics and the deepening divides within the Republican Party, but that's not really what matters in the context of this show. What matters is that shortly after the vote concluded, Republican Chairman of the House Financial Services Committee Patrick McHenry assumed the Speaker's role and graveled the chamber into recess. McHenry will now serve as the interim Speaker until a vote can be held next Wednesday. So the first part of the story is, of course, that Patrick McHenry, as you will well know from listening to this show, is one of the most pro -crypto congressmen we have. As leader of the House Financial Services Committee, he has worked very hard to push a number of different bills, including the stablecoin bill, through. And so the fact that we now have an ally sitting in that vaunted position should be a powerful thing, right? Well, practically speaking, the House will be held out of session until that vote next Wednesday, meaning that McHenry will not have an opportunity to advance a legislative agenda. Getting back then to who might end up as the Speaker, Gates and the rest of the House Freedom Caucus don't have anywhere near enough votes to advance their own candidate, but they are numerous enough to act as a veto for other potential speakers. McCarthy, for his part, has said he does not intend to put his name forward for consideration in next week's vote. And so, among a long list of potential candidates as a replacement, support appears to be coalescing around two options. First is House Majority Leader Steve Scalise. Scalise is currently finishing up treatment for blood cancer, but enjoys broad respect from both the establishment and radical wings of the Republican Party. The other leading candidate is House Majority Whip Tom Emmer. Emmer is, of course, known to the crypto space as a fierce advocate of sensible crypto regulation. He has advanced numerous bills on clarity for token issuers and resisting the creation of a CBDC. Now, Gates, for his part, has spoken kindly of both frontrunners. On Monday night, he said, I think the world of Steve Scalise. I think he'd make a phenomenal speaker. At the same time, Gates noted that unclear resolution to medical issues make it difficult to know whether Scalise will be an appropriate choice. On Tuesday night, he said something very similar about Emmer and ended the day with a shortlist of six candidates he would be willing to support, including both Emmer and Scalise. Now, if Emmer succeeds in gathering the votes to become the next House Speaker, he has an opportunity to push forward a crypto legislative agenda prior to next year's election. There are currently two bills which have been ratified by a committee and stand ready to be voted on in the House. One bill provides regulatory clarity for stablecoins, while the other establishes a regulatory framework for the crypto industry more broadly, including a division of power between the SEC and the CFTC. Neither bill is expected at this stage to have the votes to get past the Democrat -controlled Senate to become law. But that said, there have been some recent rumblings that Senate Banking Committee Chairman Sherrod Brown could be open to a deal with McHenry. Specifically, he might be willing to support crypto legislation in exchange for McHenry's support in passing cannabis banking reform. Now, we are still a long way from Emmer being placed in charge of the House agenda. There's no telling how long it could take to elect a Speaker. The last time around, this process took the better part of a week to resolve. And since then, the fractures within the Republican Party appear to have become more entrenched. Then after that, once a Speaker is elected, crypto ally or not, the number one consideration will be putting in place long -term government funding. The stopgap funding measures which were passed last weekend will run out in mid -November. The House Freedom Caucus has grown increasingly clear in their calls to reform the way congressional appropriations operate. Since 1990, the U .S. government no longer puts forward formal budgets with individual financing bills. Instead, the government is funded using omnibus legislation which deals with the entire annual spending in one gigantic bill. Gates called for a major reform of this system and a return to fiscal conservatism on Tuesday night in front of Congress. Gates said, You know what I think paralyzes us? Continuing to govern by continuing resolution in omnibus. You know what I think throws this institution into chaos? Marching us towards the dollar not being the global reserve currency anymore. Real chaos is when the American people have to go through the austerity that is coming if we continue to have $2 trillion annual deficits. Now, Democrats, for their part, appeared content to allow the chaos to play out. Ahead of voting with the House Freedom Caucus to remove McCarthy as Speaker, House Democrat leader Hakeem Jeffries said that the chamber has plunged unprecedented into dysfunction. So, bringing it back around to the crypto industry, I think there are a couple things to note. One, even if we get Emmer, his hands are somewhat going to be tied by the legislative body that he inherits and all of the challenges that it represents. As you've probably heard over and over from me, my base case is that we effectively limp over the line of the next election cycle without really getting much done in legislation of any form between now and then. Could this re -galvanize people and lead to some better outcomes? It's totally possible, but for those who are looking for the sunny side for crypto, it's probably very measured in terms of potentially nudging these few bills that have some amount of momentum forward rather than some big radical overhaul. Still, of course, if you're going to choose between a crypto ally as the Speaker of the House and not a crypto ally, it's pretty clear who we want. Now, for the second half of our show, we are going to stay in government land, but before we do that, a quick note from today's sponsor, Kraken. Kraken Pro is an incredible resource for advanced and professional traders. The all -in -one experience allows advanced traders to switch seamlessly between spot trading and other advanced products with a UI that is highly customizable to your unique trading style. With institutional -grade performance, Kraken Pro is Kraken's most powerful platform ever. Go to pro .kraken .com to get started. Thanks again to Kraken for supporting the breakdown. Alright, so as I mentioned, the other big story is that the SEC has been denied an early chance to appeal the Ripple case. On Tuesday, the judge refused to grant the SEC certification to pursue an interlocutory appeal. An interlocutory appeal is when a party is allowed to appeal a partial decision in an overall lawsuit before the case has been fully decided. The SEC had sought to appeal two parts of the decision from the Ripple case prior to a full trial on the question of whether Ripple executives had aided and abetted securities laws violations. Those two parts of the proposed appeal were that sales of Ripple tokens to retail investors through an exchange, known as programmatic sales, as well as the distribution of tokens to contractors and staff, both constituted unregistered securities transactions. The judge said that the SEC had failed to meet the legal standard required to bring an interlocutory appeal. Specifically, they wrote in their order that the SEC is not arguing that the court applied the law incorrectly. Instead, the SEC argued that the judge incorrectly applied factual analysis of the Howey test to the specific set of circumstances in the case. Digging in, the judge clarified their original decision. They wrote that they had not ruled that sales of tokens through an exchange can never produce a reasonable expectation of profits based on the efforts of others in order to satisfy the Howey test. Instead, the judge's decision was that the specific set of facts presented in the Ripple case did not satisfy the Howey test. As an extension of that logic, the judge also rejected the idea that the Ripple case has significant precedential value for other token cases. They stated that that would misconstrue the court's ruling. The order clarified that The court held that based on the totality of the circumstances in this case, including an examination of the facts, circumstances, and economic realities of the transactions, Ripple's programmatic sales could not lead investors to reasonably expect profits from Ripple's efforts. The judge explained that their analysis was based on a multitude of factors and did not turn on the fact that Ripple's offers and sales were on crypto asset trading platforms. They even referred specifically to an order made in the Terraform Labs lawsuit as well as the Library case and stated that the decisions were not in conflict because they deal with entirely separate sets of facts. Peels are only allowed to deal with a dispute on the state of the law rather than a disagreement on how the law has been applied in a particular case. In rejecting the SEC's argument that there was a substantial disagreement about the state of the law, the judge wrote that To simplify it down, the judge appears to be saying that there is no dispute that the Howey test is the correct legal theory to apply in the Ripple case, nor is there any dispute about the judge's understanding of the Howey test. The only disagreement the judge could find on the SEC's application was in how this judge applied the Howey test to the specific facts of the case. The judge ruled that this was not a disagreement subject to appeal. So what are the takeaways of this ruling? Well, one, the decision seems to severely restrict the SEC's ability to appeal the Ripple decision whatsoever. If the regulator wants to bring an appeal, they will need to find new grounds and argue that the judge got the law wrong rather than simply made a decision that they disagreed with. More broadly, this order seemed like an implicit criticism of the SEC's strategy of regulation by enforcement. If each token case relies on a separate set of facts and is of limited precedential value, the theory that the SEC can simply win a handful of cases and apply those precedents broadly across the entire industry appears much more shaky than it previously might have. Finally, the judge in the Ripple case appears to have given a lot of thought on how to make their decision unable to be appealed. This order did not give the impression that the judge was looking to make decisions that would need ratification in an appellate court. Instead, it appears that the original Ripple decision was written in such a way to make it resistant to appeals. They seem to have thought through the arguments that might be made to force an appeal and worked around them in advance. In terms of what's next, the judge set a trial date in April to deal with the remaining issues in the case, and the SEC will be able to make another attempt at an appeal once that trial winds up. Now, a lot of folks in the industry were, of course, very excited about this. Brad Garlinghouse, the CEO at Ripple, said, just that XRP in this case wasn't one, and that even though some XRP acquirers purchased it for speculation, the SEC didn't prove it was tied to the efforts of Ripple. Now, on the flip side, although the judge's decision was fairly firm, some crypto lawyers did caution against celebrating too early. Gabriel Shapiro, the general counsel at Delphi Labs, said, don't get too excited about the denial of SEC's interlocutory appeal in Ripple. It doesn't mean the SEC lost its appeal. It means that if the SEC wants to appeal, it has to appeal everything at once after the trial. Still, some useful clarification of Judge Torres's opinion. Consensus lawyer Bill Hughes, however, thought the decision was a more significant blow to the SEC, tweeting, SEC served another L in the Ripple case. Crypto has been calling BS on this making it up as you go approach. Good to see at least one court also taking note. So, friends, overall, a fairly exciting day in crypto land. We got a demonstration of how U .S. politics, as disconnected as it might seem from crypto, actually has an impact on how the industry might grow and develop in this country. And we got yet further evidence that when it comes to the rule of law and protecting this industry's right to, you know, be an industry, the courts are, at least at this time, our best backstop. In any case, that is where we will wrap for today. Excited to share more evolutions with you as they come. Thanks one more time to Kraken for sponsoring the breakdown. And until tomorrow, be safe and take care of each other. Peace.
Monitor Show 00:00 10-01-2023 00:00
"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. Katie Boyce and Jared Sandberg for Bloomberg. Executive Producers are George Lavender, Marshall Louie and Jen Sargent for One Tree. I'm Hannah Miller and this is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The Senate has approved a 45 days top cap funding bill to avoid a government shutdown. The bill passed by a vote of 88 to 9. It now goes to the desk of President Biden to be officially signed. He reportedly is on standby to sign it. The government was set to shut down at 1201 a .m. Sunday if a bill was not approved. The bill includes natural disaster aid and a measure to keep the FAA operational, but it doesn't provide additional funds for Ukraine or border security. It means the government will stay funded at current levels through November 17th. Justice Department Special Counsel Jack Smith is pushing for a gag order against former President Trump. Jim Forbes has the latest. The order would limit what Trump could say publicly about the ongoing criminal cases against him. Smith initially asked for a limited gag order earlier this month, but updated the request on Friday, citing Trump's threats against witnesses. Last week, Trump claimed General Mark Milley had committed treason and should be, quote, executed. In the gag order request, Smith argued, quote, no other criminal defendant would be permitted to issue public statements insinuating that a known witness should be executed, and neither should Trump. I'm Jim Forbes. The death toll from the Maui wildfires has increased.
Monitor Show 18:00 09-30-2023 18:00
"Love the feeling of getting more for less? The drop app lets you score free gift cards by shopping at brands like Ulta, Adidas, and Sam's Club. What are you waiting for? Download the drop app and get $5 with the invite code, get dropped 444. Fans, so we'll have to wait and see. Thanks Harry. That's Professor Harry First of NYU Law School. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The Senate is expected to quickly take up a stopgap funding bill that cleared the House earlier today. The question is on agreeing to the Speaker's approval of the Journal. Those in favor say aye. Those opposed need plenty of the Chair, the ayes have it. The Journal stands approved. The House passed that 45 -day stopgap funding bill, 335 to 91. With overwhelming Democratic support as dozens of Republicans voted against it, White House official indicated President Biden would support the bill, which includes disaster relief and FAA authorization. Justice Department special counsel Jack Smith is requesting a gag order against former President Trump. It would limit what Trump could say publicly about the ongoing criminal cases against him. Smith initially asked for a limited gag order, but updated the request on Friday, citing Trump's threats against witnesses. Last week, Trump claimed General Mark Milley had committed treason and should be executed in the gag order request. Smith argued no other criminal defendant would be permitted to make such inflammatory public statements. Full weekend services up and running on New York City, subways and buses, despite historic rainfall and flooding that inundated the system on Friday. Jennifer Falsoni reports. Governor Hogle praising the efforts of those who kept the city moving on Friday as best as it could while.
Monitor Show 06:00 09-30-2023 06:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Join us again Monday morning, 5 a .m. Wall Street time for the latest on markets overseas and the news you need to start your day. I'm Tom Busby. Stay with us. Top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. House Speaker Kevin McCarthy is offering little to no clear answers on the next steps for government funding. He spoke to reporters Friday after House Republicans met for almost three hours to come up with a plan to avoid a government shutdown. I think we had an interesting conversation there, but we continue to work through trying to find the way out of this. I firmly believe there are no winners in a government shutdown, and I think that's the best way forward to make sure a government does not shut down. McCarthy says he thinks a Senate bill without $6 billion in funding for Ukraine could pass in the House, adding he thinks Democrats will oppose it. Earlier Friday, the House failed to pass a GOP -led short -term funding bill that included deep cuts and border provisions. Justice Department Special Counsel Jack Smith is pushing for a gag order against former President Donald Trump. Jim Forbes has more. The order would limit what Trump could say publicly about the ongoing criminal cases against him. Smith initially asked for a limited gag order earlier this month, but updated the request on Friday, citing Trump's threats against witnesses. Last week, Trump claimed General Mark Milley had committed treason and should be, quote, executed.
RedState: Hunter Team Used Threat of Joe Biden to Pressure, Coerce DOJ
"This is really bad. Here, Red State, Banshee. Hunter Biden team used It's the the threat of Joe Biden to pressure and coerce the DOJ. It's happening. This is why Biden's mad, not mad. They're targeting his kid. He's mad. They could be targeting him. He throw his kid under the bus in a what they say in the 80s in a jiffy. Remember the Brady Bunch? They would throw this guy under the bus tomorrow if it would make the political case against Joe Biden go away. Bank on it. Cash that check. Spend that money here. According to Politico, Politico, by the way, which is like to the left of the Communist Manifesto. According to Politico, which examined previously unknown communications between Hunter Biden's legal team and the DOJ. There was an actual threat issued to call Joe Biden as a witness if Weiss, the U .S. attorney, dared to charge the gun crime in question. OK, what goes on? Then he issued a warning if the Justice Department charged the president's son, his lawyers would put the president on the witness stand. President Biden now would be a fact witness fact witness for the defense in any criminal trial. There you go, folks. It's right there. Tell me Joe Biden loves his kid. He loves himself. He loves money. The gravy train dried up. Now he thinks he could find himself in jail if Hunter Biden flips on him. He'd throw this kid if he could.
A highlight from SBF TRIAL: Inside Sam Bankman-Fried's Trial Defense Episode 4
"But the at end, they're going to be like, hey, count one. What do you say? Guilty, not guilty. Count two, guilty, not guilty. And I don't know, push comes to shove. I don't know what those elements that are going to stand out at trial that sway jurors are going to be, but to Mark Litt's point, you might only need one person to say, I'm not convinced. And the advice of counsel stuff is tricky because according to the filings going back and forth, there are big differences between if you tell a lawyer, go and handle this for me, and the lawyer commits a crime, versus if the lawyer was just in the room when you discussed committing a crime and you took their silence as implicit endorsement of the legality of your actions, that does not hold up in court. There are specific precedents that say you can't get away with that. So again, those three deputies that may have been in the room with Sam and his lawyers from the firm Fenwick and what is it, Fenwick and West, or Ryan Miller who has a past at Sullivan and Cromwell, or Dan Friedberg, who was the top lawyer at FTX for a long time, testimony from all of these people and the exact phrasing and intentionality of what was in the room could end up being important. I mean, I think all of that will end up being important for sure, one way or the other, depending on how much is allowed to be discussed at trial. If Judge Kaplan says, yeah, I'll let you try it, then yeah, maybe some of it starts to appear. But I do think that was interesting because to your question on how much has changed since we started digging into Sam's defense, given what he's provided to us directly, there wasn't a lot of mention about Fenwick and West. There was way more about Sullivan and Cromwell and this idea of, hey, you promised me a lot of things before I turned this company over to John Ray, your chosen hand -picked successor to me. And then he turned around and chose Solcrom, that's now on pace to make almost a billion dollars through all this. And that as a defense kind of, again, you can start to see the pieces come together. As Marklet told us, on the other side, the government wants to include the bankruptcy facts, the facts at FTX eventually because of all of these things wound up in bankruptcy with a huge hole, is because of all the things that came before it and it completes their story. I think it's kind of interesting that we didn't see, I mean, he mentions Fenwick and West in here, but what he filed in his idea of advice of counsel leans way more in that direction than anything against John J. Ray and Sullivan and Cromwell. So I think that that's kind of, if you think about my discussion with him as a snapshot in time of his defense at that moment before he's in jail to where kind of the advice of counsel argument is moving now, I don't know if that like completes his story to kind of use the parallel grading metric. And if you're a juror, I don't know if the big bad boogeyman of my quote unquote lawyers told me I was fine. I don't know. But I don't think it's as neatly presented that way. So will it hold up? I don't know. But those are essentially the two pillars. And then the third one's not even really a defense in the courtroom at all, which is, hey, CZ wasn't exactly helping me out here when he triggered a bank run on FTX. And that also should be talked about, which I think actually probably should be talked about, which is why we talked about it in this series. But looking ahead, Abrams, when you think about what is to come and how these are going to go, as we discussed, 150 years for Bernie Madoff. For Sam, he's facing seven counts. And how the jury rules on it could determine some things. Right. I've heard a theoretical maximum penalty of 115 years. That's what the Justice Department said back in December, I believe. And you think about good behavior, bad behavior, sentencing, and how all this is going to go past whatever convictions happen.
A highlight from 683:Binance Exits Russia & SECs High-Stakes Terraform Probe
"Good evening, and welcome to The Crypto Overnight -er. I'm Nick Ademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10 p .m. Pacific on Thursday, September 28th, 2023. Welcome back to The Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight, we're diving deep into the intersections of law and crypto. Whether it's Binance cutting ties with Russia, the SEC's ongoing tussle with Terraform Labs, or the courtroom drama unfolding around Sam Bankman -Fried, legal battles are shaping the landscape. But that's not all. Central banks are toying with DeFi, while PayPal is making strategic crypto alliances. It's a jam -packed night tonight, folks. Let's get started. Binance sold its entire Russian business to ComEx. This move comes as Binance faces mounting legal risks in Russia. ComEx is a newly -launched crypto exchange. It offers a wide range of products, including Spot, Futures, and P2P services. Binance's chief compliance officer, Noah Perlman, stated that operating in Russia is not compatible with Binance's compliance strategy. He said they're focusing their energy on the 100 -plus other countries where they operate. Binance assured that all assets of existing Russian users are safe. The offboarding process may take up to a year. Binance will work with ComEx to migrate its assets. Unlike other international deals in Russia, Binance will have no ongoing revenue split from the sale, nor does it maintain any option to buy back shares in the business. Last month, Binance removed five sanctioned Russian lenders from its site. The Wall Street Journal reported that Binance was helping Russians move money abroad. This came after U .S. Justice Department investigations into whether Binance had been used by Russians to evade U .S. sanctions. Binance CEO, Chengpeng Zhao, took to Twitter to clarify some points. He said that ComEx does not service U .S. or EU users. They have IP address checks and KYC blocks in place, which was something that Binance asked for in the deal. CZ also clarified that he holds no shares in ComEx and didn't financially benefit from the deal. CZ also mentioned that some former Binance team members from the Commonwealth of the Independent States may transition to ComEx. He thinks that's a good thing. The sale of Binance's Russian unit to ComEx is a significant move. It speaks volumes about the regulatory landscape crypto businesses are navigating in. Binance's decision to exit Russia is a clear sign that the exchange is taking compliance seriously, especially in the face of U .S. sanctions and ongoing investigations. This could be seen as a strategic retreat to focus on markets where the regulatory environment is more favorable. CZ's denial of ownership in ComEx is noteworthy. It dispels rumors and adds a layer of transparency to the deal. The fact that ComEx will not service EU or U .S. users is also significant. It shows that the new exchange is taking a cautious approach to compliance, likely to avoid the pitfalls that Binance itself encountered. The offboarding process for existing Russian users will take up to a year, which raises questions about the logistics and security of such a transition. That's a long window that could be exploited if not managed carefully. The absence of an ongoing revenue split or a buyback option in the deal indicates that Binance is cutting ties with Russia in a very final manner. This isn't a temporary measure, but a calculated exit. It's clear that Binance is tightening its compliance strategy. They're exiting a market fraught with legal risks to focus on more compliant operations. Even giants like Binance have to play by some rules or at least know when to exit the game. All right, you've just heard about Binance's tactical exit from Russia, a development that cannot be ignored. Compliance is the new battlefield and it's reshaping the crypto world. But while Binance is navigating Russian law, let's pivot to U .S. shores where another legal battle is simmering. Make sure to hit that like button and subscribe to stay updated.
Rep. Troy Nehls: Garland, Wray Will Do Everything to Cover Biden
"Willing to stop arresting political opponents and going full commie. So, until that point, we need more people willing to, cause it's radio, bust us bells if you know what I mean. We need bell busters. And you seem like one of them and I like that. So, this hearing is happening with Derek Farland the other day, otherwise known as Merrick Garland, and you were having none of this. You just sliced into this guy. This guy I think makes Eric Holder know what I mean? I'm a legitimate attorney general. This guy is the most corrupt person I in that office in my life. And I was glad you didn't get interrupted when you were calling him out. Your thoughts on the status of the Justice Department under Garland? Well, thank you. It's a great question and we I all know think the American people are figuring this out that there is that. We talk about the two -tier justice system, the justice system under Garland and even the FBI Director Wray that will do everything to provide that cover for the crime family named Biden and then what you're asking and what they've done to Donald Trump over the past several years. So no, there is a two -tier justice system. I guess I am one of those bell busters and I know that you served in NYPD for years. I'm a 30 -year lawman myself. I was a chair of a large county in Texas. So I just call it the way it is. I'm authentic and I think I think people appreciate it, but AG Garland, you know, you get five minutes and you want to seize that that moment sees that opportunity. I didn't give him a lot of time to answer the questions that I had for him because I knew I would just get nothing but delay tactics and lies. So I answered the questions to him, but he did the video, the video of Joe Biden up there talking about firing Viktor Shokin, the prosecutor, or Ukraine and get the one billion dollars to me. That is bribery. The quid
Senator Bob Menendez Indicted on Bribery
"Democrat New Jersey Senator Bob Menendez is being charged with bribery offenses in a federal indictment out of the Southern District of New York. There will be the unsealing of an indictment later today charging Menendez, the U .S. Senator from New Jersey, and his wife, Nadine, with bribery offenses in connection with their corrupt relationship with three New Jersey businessmen. Now this guy is a powerful, powerful member of the U .S. Senate. Menendez has been around for a long time. NBC News 4 in New York reported earlier in the week that the FBI and the IRS were attempting to determine if Menendez and his wife had taken up to $400 ,000 worth of gold bars from a guy named Fred Dabes, who's a New Jersey developer and a former bank chairman, in a swap for Menendez reaching out to the Justice Department to aid the admitted felon accused of banking crimes. So breaking news, Senator Bob Menendez from New Jersey being charged with federal indictments on bribery.
Rep. Massie Asks AG Garland Why Ray Epps Only Received a Misdemeanor
"On a misdemeanor? Meanwhile, you're sending grandmas to prison. You're putting people away for 20 years for merely filming. Some people weren't even there yet. You got the guy on video. He's saying, go into the Capitol. He's directing people to the Capitol before the speech ends. He's at the site of the first breach. You've got all on the goods him, 10 videos. And it's an, and it's an indictment for a misdemeanor. The American public isn't buying I it. yield the balance of my time to Chairman Jordan. May I answer the question? I'm going to ask you one now. We'll let the gentleman. Yeah. Go ahead. In discovery, in the cases that were filed with respect to January 26, the Justice Department prosecutors provided whatever information they had about the question that you're asking. With respect to Mr. Apps, the FBI has said that he was not an employee or informant of the FBI. Mr. Apps has been charged. And there's a proceeding I believe going on today on that subject. The charge is a joke. I yield to the chairman. Cut nine, go. Elon Musk was a Democrat who admittedly supported Biden, but then he became a critic of the administration and exposed the censorship regime. Now, per public reports, the DOJ has opened not one but two investigations of Elon Musk. Mark Zuckerberg, on the other hand, spent $400 million in 2020 tilting the elections secretly for Democrats. No investigations so far. To the American public, these look like mafia tactics. You pay us your money, we look the other way, you get in our way, we punish you. The American public, these tactics are. One hundred percent. While it's more of the same the during hearing, I'm not going to play anymore for you,
AG Garland: 'No Recollection' of Contact With FBI on Biden Inquiry
"That promise. All right. six Cut go. Can you tell us about any briefings or discussions that you personally have had with Mr. Weiss any regarding and all federal investigations of Hunter Biden? I'm going to say again, I promised the that Senate I would not interfere with Mr. Weiss. So you have not, I'm just, under oath today, your testimony is you not have had any discussions with Mr. Weiss about this matter? Under oath, my testimony today is that I promised the Senate I would not intrude in his investigation. I do not intend to discuss the internal Justice Department deliberations, whether or not I had them. Oh, OK, OK. so your testimony today is you're not going to tell us whether you've had discussions with Mr. Weiss? My testimony today is I told the committee that I would not interfere. I made clear that Mr. Weiss would have the authority to bring cases that he thought were appropriate. Mr. Weiss's letter. OK, let me stop for a second time, sir. Are you aware that FBI officials have come before this committee and they have stated that there was a cumbersome bureaucratic process that Mr. Weiss had to go through to bring charges in another judicial district? know You that? I'm not aware, but that's not true. There's nothing cumbersome about the process. So those whistleblowers are lying to us under oath? Those whistleblowers are lying? I can say that. Their description of the process is cumbersome as an opinion. It's not a fact question. So he doesn't know He knows when he wants to know. It is not an intrusion into the investigative process to answer a flat out question whether you spoke to anybody at the Department of Justice about Hunter That's not
Donald Trump Is Not Afraid of Going to Jail
"Jim and trump calls her out right away you mean joe biden and the democrat indictments right so okay here's the thing donald trump is not afraid of going to jail he doesn't want to go to jail well he's not stupid he doesn't want to sit in the jail cell but i've seen a lot of this on twitter from liberals oh donald trump he's so she's going to want to go to jail he's terrified listen man i'm telling you and i'm going to give you a fair shake on this today the good stuff and the bad stuff i have spoken to this guy many times i have spoken to him personally and i feel feel you know obligated to share this because he just shared it publicly or else i wouldn't he is not afraid of going to jail you believe it or don't i don't care i'm just telling you everyone close to him who knows him will tell you the exact same story i'm telling you if you're going to make a political martyr out of him he doesn't want to go to jail he's going to fight it he's not dumb but he's not afraid of it those are two different things and i thought this was the best part of the interview and he said it check this out you are facing four indictments 91 felony charges if you would say it properly i'm facing four biden indictments he told the justice department to indict him or mary this mr pratt indicted their political opponent i just want to hear from you on this i want to know what's in your head when you go to bed at night do you worry about going to jail no i don't really i don't even think about it i'm built a little differently i guess because i have had people come up to me say how do you do it sir how do you do it uh i don't
"the justice department" Discussed on Bloomberg Radio New York
"Constitutional scholars will get a kick out of it. But there's not a lot in the way of any kind of real precedent until guide anybody as to how it would play out. So yes, under the constitution, the vice president kind of has two roles. One obviously is the executive branch role under article two of the constitution. A very limited authorities, but that's what the role is set up to do. The other one is what is set up under article. One of the constitution, which deals with Congress and that is that the vice president serves as the president of the Senate to break ties, things like that. And also, of course, ultimately convenes and presides over the certification of the electoral votes to decide who is the next president. So there is this sort of non frivolous argument that because of the dual roles, he can argue that he was acting in that legislative capacity. He was fulfilling a legislative activity and therefore any discussions he had about and leading up to his actions on January 6th in that role would be covered by the speech and debate clause. It's never been done before. There's been some limited arguments on this in court, such as the Justice Department invoked that same clause to protect civil suit. It's unclear how it would play out here in a criminal context. We really don't know. You have to assume to some extent Jack Smith, the special counsel's team has played out the legal arguments and excited they have sufficient grounds to move forward if it's challenged on its basis. It protects legislators from certain law enforcement actions if the conduct is related to their legislative duties, right? So would this protect him if he was having conversations with Trump that were not exactly related to his legislative duties that happened before the capitol attack that happened in The White House? So again, that's where
"the justice department" Discussed on Bloomberg Radio New York
"Protections for U.S. attorneys. They can't prevent a president from hiring a firing U.S. economy back to constitutional prerequisite of the president, but they could impose some protection so that before a case was investigated or before a U.S. attorney was directed to do something the president might have to show some reason some cause some kind of process to protect U.S. attorneys before their run out of their job Senator Durbin is asking the Justice Department to provide the committee a lot of documents and communications, will the Justice Department just hand those over? They may, because it's a Justice Department now that is neutral and not partisan and I believe the attorney general will want to cooperate with any reasonable investigation undertaken by Congress. We'll see if the Republicans regain control of either the House or Senate or above certainly the tenor of investigation is going to do a one 80 almost a one 80 anyway. Maybe a one 70 and we'll see if the Justice Department cooperation remains as it is. But it certainly does attorney general maybe it's about as nonpartisan attorney general as you could create if you're going to paint your own picture. The Justice Department has been taking some aggressive steps in the criminal investigation into January 6th. They seize phones of two top advisers to Trump, blanketed his aides with something like 40 subpoenas. It seems to be a substantial escalation of the investigation. What does that indicate, if anything? I don't know that it's an escalation. Criminal investigations, whether they're state or federal, have their own lives and their own pace, their own heartbeat. So to speak. And I think this one is a huge investigation. What are the 800 or more people under investigation and indictment by the Justice Department related to January 6th, most of them have private citizens who managed to find their way and inside the capitol or close to it on that day, but now there are many former government officials and they're being investigated as they should be. And I think we're simply seeing a sort of a normal course of criminal investigation at the highs and lows. It's going to be ever more sensitive as the midterm elections drawn here and here and just a few weeks. And we'll see if the pace slackens around that time until the election is over. And of course, the committee, the committee that Congress created to investigate January 6th, they may renew their activities again now that the sort of summer recess is over and they're reconvening after Labor Day. They too have a run up to the midterm elections, the house people, of course, are going to be out running for reelection, but I suspect we might see more activity from the committee which could in turn spur the Justice Department to yet new fields to plow. So we won't see any indictments in the next 60 days, at least. Well, so I think the subpoenas are not unusual, but indictments would be right now. And I don't think we're going to see indictments here in the near term. And the important thing, of course, is to reveal the fact where the facts will be record. And I think like the January 6th committee of Congress, part of the Justice Department's obligation here is to build a historical record so that we'll all know what happened on January 6th in the events leading up to it. In part to avoid repetition, we don't ever want to live through that kind of experience again and having a historical record which is available for all
"the justice department" Discussed on Bloomberg Radio New York
"Of our work is by necessity conducted out of the public eye. We do that to protect the constitutional rights of all Americans and to protect the integrity of our investigations. Despite the intention of attorney general Merrick Garland and the Justice Department to keep secret the details of its investigation and unprecedented search of former president Donald Trump's Mar-a-Lago estate, the federal judge who approved the search warrant has other ideas. U.S. magistrate judge Bruce Reinhart ruled that portions of the FBI affidavit used to secure the search warrant should be unsealed and he gave the government until new non Thursday to propose what information in the affidavit should be kept secret. Joining me is former federal prosecutor Jennifer Rogers, electric Columbia law school. Jennifer, are you surprised that the judge has decided to release parts of that FBI affidavit? Yes, I was really surprised. I, along with basically every other legal commentator, I saw that there was virtually no chance. The judge would do that I guess the judge was just convinced here that there's such great public interest in this that assuming it can be properly redacted the public ought to be able to see portions of it. So now the big question turns to what redactions will the judge accept from DoJ. Just how unusual is it to unseal an affidavit while the investigation is still going on? It's very unusual. And usually it's because the person whose property has been searched has no interest in the public learning about that and learning about the investigation that is likely targeting that person. This, of course, is a unique situation where Trump
"the justice department" Discussed on Bloomberg Radio New York
"And I'm Cameron Moscow and U.S. stock index futures falling this morning along with treasuries after a chorus of Federal Reserve officials reiterated reiterated their resolve to continue rate hikes. We checked the markets every 15 minutes throughout the trading day on Bloomberg. S&P futures are down 28 points, down features down a 157, and NASDAQ futures down 109, the Dax in Germany's down four tenths of a percent. And your treasury down 1230 seconds yield 2.92% that yield on the two year, 3.24%. Nymex screwed oil is down 1.4% on a dollar 23 at $89 25 cents a barrel. Comex gold is down a quarter percent or $4 ten cents is 1767 ten ounce. The Euro 1.0076 against a dollar, British pound, 1.1874. The N one 36.59, and Bitcoin's down more than 7%, it's a $21,700. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world, Michael. Karen, thank you very much a federal magistrate judge is giving the Justice Department one week to propose redactions to the affidavit, which led to the FBI search of president Trump's home in Mar-a-Lago. The NFL and the Players Association handed down an 11 game suspension to Cleveland Browns, quarterback deshaun Watson. He was accused by more than two dozen women of sexual misconduct, and baseball the Yankees and mets lost. The Red Sox Orioles a's and giants also lost the nationals won in just out of good measure, the Astros put a what for and why whipping on the White Sox. 21 5. Global news. 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts and more than a 120 countries. I'm Michael Barr and this is Bloomberg John. Those baseball not football. And they did play football last night. Oh, okay. It is 5 49 on Wall Street. We are live in the Bloomberg interactive broker studios. A time now to take a look at some of the latest headlines that a D.C., longtime Trump, CFO, weisselberg, pleading guilty to tax fraud, and the Trump search affidavit could be partly unsealed, at least that's according to a federal judge. Well, let's take a deeper dive into these stories this morning. We're joined by Bloomberg, Washington reporter, Jack Fitzpatrick. Jack, thanks for being with us this morning. What's the next step in this trial in New York where the CFO for the Trump organization has pleaded guilty and now is headed to Rikers Island, presumably. Yes, he is headed to Rikers Island. He took the deal that gives him a maximum or I guess the standard of 5 months, but with good behavior that could be a hundred days, that's opposed to he faces as much as 15 years for these. The next step is part of this plea deal is him testifying against the Trump organization. That is part of the agreement. Now that is not testifying against the former president himself, but there clearly is another shoe to drop as it pertains to these tax fraud charges because he took this deal pleading guilty to the issue is essentially a system of unreported payments giving people houses and cars and that kind of thing instead of reporting their taxes, the payments that they're supposed to pay taxes on. So this will become a bit more broad as he potentially implicates others in the Trump organization as part of that plea deal. The Trump organization, the business, potentially, could be dissolved at some point because of all this. Is that correct? That is, I think, not out of not out of the question. Hard to say exactly how this will affect the organization. I mean, the CFO, the longtime CFO, is not a small bit player. And if he is going to testify against the organization more broadly in these tax schemes, then it's hard to even really place a limit on the effect on the organization itself. I think the questions we can't answer right now are who else specifically does this lead to, but as it pertains to the Trump organization on the whole, it's very bad news for the CFO to take this deal into plan to cooperate and provide more information about the extent of the tax fraud charges. I've lost count the number of people in the orbit of Donald Trump who have gone to jail at this point. Let's move on to the search warrant. The warrant itself, which we know about, and then the affidavits surrounding, to separate things, but what's happening on that front. Yeah, so it looks like at least part of the affidavit will end up coming to light. The federal judge in this case said he is not inclined to keep that affidavit fully sealed. This would be the justification behind getting the search warrant to search Mar-a-Lago last week. This is in response to a push by several media organizations that want to see it. It is typically very unusual for this kind of affidavit to be made public, but obviously these are unusual circumstances. It's extremely high profile. It regards a former president, so the judge has said that a partial revealing of the information in this affidavit is possible. The question then is how much does
"the justice department" Discussed on Bloomberg Radio New York
"Law means applying the law evenly without fear or favor. Under my watch, that is precisely what the Justice Department is doing. In broad strokes, attorney general Merrick Garland explained why the FBI executed a search warrant at the home of a former president for the first time in history, and then to back up the necessity for the search, the Justice Department filed a motion to unseal the search warrant and the receipt for the property seized from former president Donald Trump's Mar-a-Lago estate on Monday. It revealed the FBI recovered 11 sets of documents labeled classified, confidential, secret, and top secret. Joining me is former federal prosecutor Robert mintz, a partner of Carter in English. So bob, seeing this list does it explain why the Justice Department was so anxious to get this material back. It does provide additional insight into what motivated the attorney general to take this extraordinary step of speaking a search warrant against the former president of the United States. Clearly what the concern was here was that there was very sensitive national defense information that president Trump had improperly removed from The White House and despite negotiations with his counsel, there was a belief by the national archive and ultimately by the Department of Justice that all of that information had not been returned and that's why they took this extraordinary step of going in on a search warrant and keeping this information and from that inventory that you just spoke about, it does appear that some of that information actually was there. Now we don't know the details of what that classified information was and what top secret information was there, that's not the kind of thing that would typically be listed in the inventory but it does suggest that there was some information that warranted this extraordinary step. And we learned from this that it's not just the presidential records act that he's being investigated for, it's also the espionage act. Yeah, so what happens when a search is executed is that the search warrant, which has now been made public, is handed over to the individual who owns the property. And that will tell that person that criminal statutes that may have been violated and that is why federal agents are going in there to search for evidence. They're searching for evidence of very specific federal violations. So here are the search warrant itself identified three potential violations, one of which was the espionage act, which covers the unlawful retention of defense related information that could harm the United States or aid a foreign adversary. The second statute covers destroying or concealing documents to obstruct government investigations or administrative proceedings in the last one was the unlawful removal of government records, so they sort of been descending seriousness starting off with the espionage act, which is incredibly serious. It was talks about information that could be harmful to the defense of the United States or to aid in enemy. This is serious information. This is information that you would understand why the Department of Justice would have taken this extraordinary step if they believe this information had not been properly returned despite repeated efforts by the Department of Justice and the national archives to ask that this information be returned to the government. Bob the national archives retrieved 15 boxes from Mar-a-Lago in January, I believe. In June, the FBI served a search warrant and was apparently negotiating to get the documents back. I keep wondering why Trump would fight the return of these classified documents. Well, it is hard to fathom here, but what it does show you is that the Department of Justice has gone about this in an incremental way, which means
"the justice department" Discussed on Bloomberg Radio New York
"Would be pretty good too. All right, it's a busy week when it comes to politics. So much is going on or watching the house on track to send president Joe Biden that tax climate and drug price package. But of course front and center is the search warrant of the Florida home of former president Donald Trump. So let's get the latest on all things Washington. Lucky for us, we have Jodi Schneider. She's the political director for Bloomberg radio and Bloomberg TV. She's back in our interactive broker studio with Katie and me. So what do we know about the warrant? Yeah, well, so we have some new reporting today, and it has been coming Fast & Furious. Some documents reviewed by The Wall Street Journal say they have found that when they removed the documents, they removed 11 sets of classified documents from Mar-a-Lago on Monday, including some marked as top secret and meant to only be available in special government facilities. These are these FBI agents who had this search, according to The Wall Street Journal around 20 boxes of items, the binders of photos, a handwritten note and executive grant of clemency for mister Trump's ally Roger Stone. It almost sounds like my stuff in my basement except for the available in special government facilities. Right, yeah, so there was a lot of things there. And one other one was a list of in this list of information was about the president of France according to this list. So take that for what it's worth. But yeah, so we have some more detail there. And we also now have kind of a shift in tactics, if you will, from the former president and his allies, who are saying now that they want the Justice Department to have the immediate release of more detailed information than in the search warrant, they want the affidavit. And that's what led to the search warrant. Is that correct? Yeah, and so basically the search warrant describes generally describes the location and what investigators are looking for, what crimes are under investigation. But this affidavit goes much further and it's unlikely that that would be released. It's a narrative explaining not only what crimes are under investigation, but also how investigators have been gathering information to date. So sources. Or even if their names were redacted, you might be able to tell what they were. So for instance, we had Rudy Giuliani, who, of course, is a Trump ally going tweeting today that Garland must release the affidavit, even though if he doesn't do that, a judge decides whether the grant grant that. But they've gone from saying that they want this search warrant released because obviously president Trump could do that. But that they want now the affidavit. So it's a different tactic now. That we're seeing being employed by president Trump and his allies. I mean, I feel like the obvious question here is why isn't Trump just releasing the search warrant? He said that he wants it released. Yeah, that's a really good question. Because he can. He could have released it at any point, right? He was the one that alerted everybody to the fact that there had been a search at Mar-a-Lago on Monday, but this is an interesting, obviously, trying to embarrass or put the pressure on Merrick Garland and the courts in this. So it's a different tact and we'll have to see what happens here. But it really does seem like they're again trying to shift the attention from what might have been at Mar-a-Lago to what is going on in courts. And again, calling this a witch hunt and saying this is all politically motivated. Again, Merrick Garland, when he came out in that very unusual, briefing yesterday, trying to protect FBI agents and saying, look, we were just doing our jobs. They were just doing their jobs. It was a regular search. There wasn't anything political in this. So this is clearly, you know, from former president Trump's playbook. I'm going to get a lot of hate meal because I always do. But I feel like 'cause when I say something like this, president Trump is very smart former president Donald Trump. Very smart at controlling the narrative. And I do wonder getting out ahead of this. And this is Merrick Garland coming out yesterday to say, listen, we did everything by the book. And we're just looking into things, right? To try to kind of get ahead of the narrative that was put out by the Trump team. So I guess how do you look at this? Is someone who has to shape our political team, make sure our coverage is fair, what's the story to be focusing on right now? Yeah, so I got about 40 seconds. Yeah, I think there's two things. One is the story about what is actually happening. What will we see released? How will it be released? Why is Donald Trump not releasing it if he wants it released? He could do it. He could just do it. Yeah. So, you know, and we tried to provide analysis on why that may or may not be happening. The second part, of course, is political. And what does Donald Trump hoping to gain from this? And clearly, if he is thinking about running for 2020 in 2024, which he clearly has signaled he is doing, or he's certainly seriously considering he wants on his side the public and he wants it to look like he, the government is attacking him. Just really quickly can the president, the former president to any to slow down what the Justice Department is doing or no, they're going to continue. They're going to continue their investigation. All right guys, lots going on. Jodi Schneider, thank you so much. Political director at TV and radio here at Bloomberg. All right, back to world of national news where
"the justice department" Discussed on Bloomberg Radio New York
"And I'm Demi and Sasha and scarlet fu is in the building. She heard we're going to talk golf and decided to make an appearance on the show. Hey, Scarlett. Barr, I would never miss a chance to weigh in on the Civil War between the PGA Tour and live golf. We've been talking about it forever and it just keeps getting more interesting. Yeah, there are a few new headlines on that front. Of course, live as upended the gulf world this summer, and now there's also a legal battle brewing. Bloomberg's Jerry Smith has been covering it all and joins us now. Jerry first remind us about the new league and give us a brief summary of where things stand now. So let's golf is this new golf league and it's controversial for a few reasons. The biggest is that it is backed by Saudi Arabia's sovereign wealth fund. So the golfers who have joined this league are getting a lot of criticism from people who feel like you shouldn't be aligning yourself with a golf tour that's backed by a country where the history of human rights abuses. So that's been very controversial, but Liv golf has been a lot more successful than I think a lot of people would have thought. They've been able to recruit a lot of big name golfers and they've had two events so far. And the other thing about Liv golf is they are able to get these golfers from the PGA Tour because they're offering more money. I mean, the purse is that these guys are playing forward and lift golf is much bigger than your typical PGA Tour event. And the schedule is lighter. And so a lot of these golfers, a lot of them are older and are not as competitive as they used to be and are seeing these huge guaranteed checks. And I live golf events to make the $120,000. And then the winner gets 3 million. Carrie, the thing that is interesting now, because we know the pKa tour feels under threat, the Justice Department is now looking into how the PGA Tour is responding, which I thought was really interesting. Is it unusual for the DoJ to step in like this? It is. PGA Tour is suspended indefinitely. Any of their members who've joined the Liv golf circuit. So Dustin Johnson Phil Mickelson, all these guys are essentially banned from playing on the PGA Tour again. This is unusual, but it's actually not without precedent. The Federal Trade Commission back in the early 90s, investigated a PGA Tour for a similar situation where and it was actually Greg Norman again in the early 90s who wanted to start a rival golf tour from the PGA Tour. He called it world golf. And even went as far as stocks was willing to buy the television rights for world golf and the PGA Tour threatened to suspend the golfers who joined world golf and the FTC spent several years investigating. Ultimately, they decided not to pursue any sort of legal action against the tour. And that has a lot to do with the fact that the tour did a very aggressive job in Washington, D.C., getting members of Congress to write letters to the FTC saying, back off a PGA Tour. They do a lot of good things for charities. So it'll be really interesting to see how the PGA Tour response to this Justice Department investigation and whether they try to rally a lot of support in Washington and their behalf. Gary, let's talk about the live product. How does it compare to the PGA and did you like it? Yeah, I spent last weekend binge watching Liv golf second tournament. This was outside of Portland. And I mean, the first thing to note is it's not on U.S. television. All the big TV networks, NBC, CBS, ESPN. They already have long-term deals with the PGA Tour. So they're not broadcasting this. So if you want to watch live golf, you have to watch it on YouTube or Facebook or on the live golf website. I watched several hours of it on one hand, it's pretty similar to what you might watch in the PGA Tour. On the other hand, there are some real differences that I think are genuine improvements. I mean, there's no commercials, and that's a big frustration for a lot of golf fans. There's a shotgun start, which means that all the players start on the course at the same time on different holes. So you don't have to wait for the golfers to tee off one by one or have the leaders finish hours before the telecast starts. So I watched it and I thought, you know, I'm watching a lot more golf shots than I normally would on the pawn of PGA Tour event. The format's different. They have, they're not only competing individually, but they also have these four man teams and the four man teams whoever wins that also gets a couple of $1 million. I mean, that's really the thing that they hit you over the head with when you're watching Liv golf is just it's all about the money. The announcers are constantly reminding you of how much money is at stake, how these guys have never played for this much money in their life. I mean, one thing that's really important is these guys aren't playing for world ranking points right now. And that matters because world ranking points determine who gets to play in the majors. So you're in a situation now where some of these live golf guys may never get to play in the masters or the U.S. open or the British open or PGA Championship because they play on a tour that doesn't give them the points that would qualify them. There is another big story to talk about Vince McMahon's reign at WWE. It is threatened by misconduct claims. The 76 year old executive Jerry is in trouble. Take us through that. That's right. I mean, there's been reports in The Wall Street Journal in recent weeks about how Vince McMahon has made several $1 million in payments to women that he's allegedly sexually harassed or had affairs with. And so now the WWE's board has launched an investigation into these allegations and we're waiting to see what the outcome of that investigation is. In the meantime, Vince McMahon has stepped aside as CEO and his daughter, Stephanie McMahon, has taken over that role. One thing that's important to note is Vince McMahon is still in creative control of WWE and that's important because what you really see on the broadcast of a WWE wrestling match is that's Vince's grandchild. He also owns the majority of the voting shares of the company. So he's still in control of the company, but we're all waiting to see what the outcome of this investigation is. Yeah, one thing that you've made clear through your reporting is that Vince McMahon has changed professional wrestling. He's made it profitable and all these different stakeholders are invested in what he's created. What has been his secret sauce? What is it that he does that no one else can do and therefore even with all this misconduct, people are reluctant to see him go. Well, I mean, if you go back decades, I mean, he took what was essentially a bunch of regional businesses around the country, and he consolidated them all into this big national product. And WWE didn't gone national international now. So he's just he's built this wrestling into this global entertainment empire. He's struck very lucrative deals with Fox and NBCUniversal. I mean, WWE matches are on USA. They're on the peacock streaming service. So the exposure that this sport has gotten under Vince McMahon's leadership has grown exponentially. WWE has even in their SEC filings have warned investors that if Vince McMahon no longer was involved in the creative process, that would be a real material problem for the company. I mean, he's really the brainchild of all of the trauma that happens in WWE. And so if he were to get pushed out over this, it could have a real impact on the company. Championship league soccer writes expected to top $2 billion in the U.S. Jerry. That's right. So you have this week kicked off the process of selling their U.S.
"the justice department" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June grosso from Bloomberg radio In 2020 the Biden administration engaged in some legal gamesmanship in rescinding a hot button Trump immigration policy the so called public charge rule and then drafting its own rule without following administrative law procedure leaving a tangled legal aftermath Arizona and other Republican led states took the administration to court over the rule change and during oral arguments Supreme Court Justices across the ideological spectrum appeared annoyed with the administration's legal maneuvers Here are justices Samuel Alito and Elena Kagan I congratulate whoever it is in the Justice Department or the executive branch who devised this strategy and was able to implement it with military precision To effect the removal of the issue from our docket and to sidestep notice and comment rulemaking We shouldn't be green lighting that behavior for your administration or any other administration all right And on that assumption what should be the remedy Because it just seems as though you're here and saying you know you can just tell us to go home and nothing's going to happen to us and everybody will just do it the next time This week the Supreme Court appeared to throw its hands up and dismiss the case I've been talking to immigration law expert Leon fresco of Holland and knight The decision was one sentence long and said the state's petition seeking review was dismissed as improvidently granted So basically saying we shouldn't have taken this case in the first place But do we know why they dismissed the case There's basically a pretty good indication.
"the justice department" Discussed on Bloomberg Radio New York
"Has done things which goes beyond the law for purposes of the presidency almost every president has done it It's impossible to really get into a judge's head but it does kind of hint at how at least that judge was thinking that there has always been a wide latitude for president behave in a certain way You know he went on to point out that the big outlier and this type of behavior would be like Nixon lying for his own personal benefit rather than to protect the office of the presidency and that that rises to level of impeachment Then he said something along the lines of that's a higher bar to reach The decision here if it goes against Carol it's more than just losing emotion The case would be lost That's correct If the Justice Department prevails here and is able to substitute itself for Trump as defendant in the case then essentially the case will be dismissed because you can't sue the federal government for defamation So the west fall act has been applied to Barack Obama Bill Clinton and George W. Bush so the last three presidents It seems to be invoked a lot Yes and even against Hillary Clinton and senator Elizabeth Warren and other members of Congress is actually fairly frequently And even in some destination cases I believe there was once due to Elizabeth Warren over something that she said about someone in an interview and that case never made it to trial it was dismissed under the westfall act Thanks Eric That's Bloomberg legal reporter Eric Larsen up next the case against Ghislaine Maxwell you're listening to Bloomberg.
"the justice department" Discussed on Bloomberg Radio New York
"Lawyers for Trump and the Justice Department argued at a hearing before the second circuit Court of Appeals in Manhattan that the lawsuit brought by New York advice columnist E Jean Carroll should be dismissed because Trump's denial of her claims fell within his duties as a government employee After Carol went public in 2019 with her allegation that Trump sexually assaulted her in a New York department store dressing room Trump said she was quote totally lying and quote not my type Joining me is Bloomberg legal reporter Eric Larson Tell us about E Jean Carroll's defamation lawsuit Well the underlying case here was filed by aging Carol in New York advice columnist in 2019 She went public with her claim that Donald Trump had raped her in a deserted department store dressing room at bergdorf Goodman about two decades ago So she decided to go public claims and when he denied her claims thanks she was totally lying and saying that she wasn't his type that sort of thing She sued him for defamation In that case has been pending ever since And it got a bit more complicated when the Trump administration the Justice Department came in and decided to try to intervene in the case and substitute the United States for Trump as defendant in the case citing a federal law that protects government employees from many types of litigation when it relates to their job Many were surprised when Biden's Justice Department sided with Trump So at the second circuit the Justice Department was arguing alongside Trump's lawyers Yeah I think when Biden was elected a lot of people who were watching this attempted DoJ intervention sort of assumed that this would be one of the many Trump policy decisions that would be reversed by the new administration So it was kind of a big surprise when the Biden administration went ahead and filed its thoughts on the matter in court and said we actually side with Trump They said we don't agree with what Trump said but his denial of miss Carroll's claims were made as part of his job duties and therefore he's protected by this law It's called the westfall act which protects government employees from litigation related to their job So it's a bit of a surprise And the Justice Department's lawyer said Trump made offensive comments in response to very serious allegations of sexual assault I'm not here to defend or justify them But how did he divorce the comments from the defense of the comments To the Justice Department they sort of boiled it down to Trump was denying an allegation made against him I mean the press was asking him about the allegations he was responding in his own special way So the Justice Department based on their papers they're looking at it as just protecting the office of the presidency as often the DoJ does in terms of being able to protect any president's rights in their view to deny allegations like this without the threat of being sued for defamation One of the judges Danny chin asked Trump's lawyer who is he serving when he says something like she's not my type Is he serving the United States of America when he makes that statement And she said absolutely I think he was trying to get Trump lawyer a new lawyer that he's brought on in several different cases Alina haba trying to get her to just acknowledge and point to the actual remarks that we're deemed to be so offensive and rude try to explain why those words need to be used to make a simple denial And of course she did not concede in any way that these words were defensive as miss Carroll sites that she says that there was just Trump's way of saying I couldn't have done this I didn't do this This isn't me No and then she went on to point out that Trump's denial also included his claim that he takes allegations of sexual harassment and assault against women very seriously and that in his view false allegations undermine the strength of real allegations That sort of thing So to try to echo those claims in her court appearance His lawyer also referred to Kyle rittenhouse and asked what are we going to do if Kyle rittenhouse sues President Biden for calling him a white supremacist Right and I actually was not too surprised that she brought that up because it was sort of a current event comparison that was actually kind of a good one In a way because after Kyle rittenhouse shot and killed two protesters in a Black Lives Matter rally last year in Kenosha Wisconsin and injured a third in the aftermath of that Biden put out a campaign video that rittenhouse has been lawyers suggested that rin house was a white supremacist And threatened defamation lawsuit against Biden but which never actually ended up happening But it did raise the prospect of what would happen if he had been in sort of a similar argument there right But we'll never really know how that would have played out since it didn't happen Trump said two things and first he said she's not my type That is the part of the statement that's offensive Is it that he denied it at all Or is it the offensive nature of it How are they parsing that statement Well that's a good question because that did come up in the court hearing And it got a little bit confusing at time but I did clarify with mid Carol's legal team afterwards that they do absolutely stand by the argument that even the denial itself was defamation because the denial implies that she was lying The additional parts about him reclaiming that she's not his type and that sort of thing that she was making these claims just to sell a book and that sort of thing Those make it more difficult and terrible view to tie the denial to the president's job duties So that's why they were targeting that But they say that the denial itself was defamation period Coming up how might the judge's rule This is Bloomberg.
"the justice department" Discussed on WBAP 820AM
"The U. S. Justice Department is suing Texas over its newly enacted abortion law. The law bans abortions after a fetal heartbeat is detected, which can happen as early as six weeks into pregnancy. U. S Attorney General Merrick Garland says the law is unconstitutional under the Supreme Court president Those precedents hold in the words of Planned Parenthood versus Casey. Regardless of whether exceptions are made for particular circumstances, a state may not prohibit any woman from making the ultimate decision to terminate her pregnancy before viability. Texas lawmakers who support the bill say it further protects the unborn. Tomorrow. The Dallas City Council's general investigating an ethics committee will take up the city's recent data loss. W B A. P S. Clayton Neville says 22 terabytes of data were deleted by an employee earlier this year. The committee plans to discuss ongoing recovery efforts in any newly discovered Dadullah's It also will consider hiring a third party consultant to investigate the deleted data. According to the city. The missing data includes police evidence files and Fort Worth. I s D is implementing a mass requirements starting Monday, September 13th. This is for staff students and visitors. The option to our mask outside is optional. The district says this, there's no court orders that prohibits the district from doing so. Again. The low Tonight is 67 right now it's 88 degrees at DFW Airport from the W B A P News desk. I'm cat Bones iron. Your next update is at nine o'clock. 24 7 coverage at w b a p dot com If you're back in the office.
"the justice department" Discussed on AP News
"200 million more doses in the federal government had previously secured not in hand yet, but order by nads Estates will be getting more than 10 million doses each of the next three weeks and the states will know three weeks out just exactly how many doses they will get. 80 year old Senator Patrick Leahy has been hospitalized for observation shortly after swearing in other senators, you will do impartial justice, according to the Constitution laws. So help you God. There. He is the presiding officer for former President Donald Trump. Second impeachment trial President Biden orders the Justice Department to curb reliance on private prisons and to acknowledge the central role government has played in discriminatory housing policies. I'm Tim McGuire. AP News I'm Tim McGuire. President Biden says his administration is determined to give states accurate information on pending vaccine shipments from this week forward, God willing, will ensure that states tribes and territories Will now always have a reliable three week forecast. What the supply they're going to get so they'll know. Three weeks headed time. What's going to be there in the third week? President says more than 10 million doses will be shipped over each of the next three weeks, and his administration is working to buy another 200 million doses as part of a push to get 300 million people fully vaccinated by the end of summer. The oldest longest serving current U. S. Senator has been hospitalized shortly after the Senate was sworn in as the jury for former President Donald Trump Second impeachment trial. Vermont Democrat Patrick Leahy is 80 years old. A spokesman says he wasn't feeling well and was checked out by Congress is physician then taken to an area hospital out of an abundance of caution. Earlier in the day, Leahy, the Senate president, pro temporary had sworn in members of the Senate for the impeachment trial of Donald Trump Wall Centers now rise and raised it right hand. Senator Leahy, not a Supreme Court justice was selected to preside over the impeachment trial. The Vermont Democrat was first elected to Congress in 1974 Jackie Quinn Washington. Opening arguments in the trial are to be held two weeks from today. Some parts of the Midwest and the South west or blanket. It was snow from different systems. More than a foot of snow fell in the mountains of southern California, Nevada and Arizona. The board of the Trump Plaza condominium complex in South Florida votes unanimously to change the name of the 32 story. Twin Towers. Home Beach Post reports, residents will still have to vote on a new name with submissions due by the end of February. This is AP News. The Justice Department rescind the Trump era policy for migrants crossing the border with Mexico. The policy had resulted in more than 5500 Children being separated from their families. A new memo instructs prosecutors to go back to the previous policy and act on the merits of individual cases. The zero tolerance policy meant any adult caught crossing the border illegally would be prosecuted because Children cannot be jailed with their family members. They were separated and Children were taken into federal custody. Some of the parents separated from their Children were deported. There's a push for the president to allow those families to be reunited. Ed Donahue. Washington Alaska State officials are investigating how personal license plates reading Three Reich and pure were issued by the Department of Motor Vehicles. Remember, the state's human rights commission has been removed by the governor for defending the terms, saying progressives put their own definitions on those words. I'm to McGuire Pape e news. Thank you for listening to the AP.
"the justice department" Discussed on WTOP
"Stadium with the 7 15 sign attached. Seymour tells WSB. He clearly remembers that blast. I was seven years old when he hits 7 15. Watching with my grandfather, and it was probably one of the biggest force in moments of my life. And while Aaron lived a long, eventful, meaningful life, Seymour says it wasn't long enough. We need guys like Hank Aaron around. I'm Tim McGuire. We've got some new information this morning related to efforts by former President Trump to overturn the results of the election. The New York Times reports that the president had been working on a plan that would utilize the Justice Department's power to pressure Georgia lawmakers in tow, overturning that states results. It involved potentially firing acting Attorney General Jeffrey Rosen and replacing him with Jeffrey Clarke, a Justice Department attorney who was reportedly helping Trump with the plan. But it all fell apart when leaders in the department learned about it and threatened to quit our Dmitri Sodas talked all about it with New York Times reporter Katie Benner. She's the one who broke the story. First thing to know Is that the official at the Justice Department who Worked on the plan was really trying to get the acting attorney general to do it. I don't think they have his intent was ever himself to replace the acting attorney general, I think he just really wanted to push. Jeff Rosen, who is the top of the Justice Department to try to help Mr Trump bolster these claims of election fraud. You know, he believes he had information showing that fraud. It happened even though the officials around him so that it wasn't true, And ultimately, you know, when this moment happens, it's because he wants Mr Rosen to send a letter to Georgia lawmakers saying that the Justice Department is involved in a massive investigation into massive amounts of voter fraud, which was not true, and Rosen refused. So then this official took the same idea and discussed it with. You know Donald Trump, who liked the idea, and you know, Mr Rasmus and informed that he could possibly be fired. The other Justice Department officials, as you described in the article sat in stunned silence when they heard about all this. And you could, I guess, argue Katie, there was a guard rail. They all in unison, said We're gonna resign if this happens, and it seemed to blunt the president's efforts. You know what's interesting about that is the Guard rail is not, you know the horror of destabilizing the Justice Department to release since your time for the country, you know, at a moment when we're in the midst of a very contentious change over and power, it was really just I won't say just I think that one of the things that move to the president or influenced his thinking was the idea that the purer the public outcry, the PR the investigations, recriminations would actually just distract. From the letter to the Georgia legislators wouldn't have the impact that he wanted it to have. That's New York Times reporter Katie Benner with our Dimitri Sodas The following is a paid.
"the justice department" Discussed on KGO 810
"Did not. And in fact, this insurrection by Trump has directly impacted the corner virus pandemic. In fact, governor north UM of Virginia today, said You know, he's sending National Guard troops to D. C. To protect our country again. Think about this ship, not protecting our country from the Russians or some other foreign threat. Protecting our country from Americans from sedition ists inspired by Trump, Okay, and what he said was. Look, this is going to negatively impact our efforts to come back. Coronavirus. We need the National Guard to be setting up. Ah, Mass vaccination program. Well, guess what? They can't be there because they're now in the sea. In preparations for the inauguration. And we know that all the chatter on the right wing troll sites, you know, says that these guys are planning another mass attack, not just in D C but around its state capitals around the country, and we've had to divert resource is that air desperately needed to save American lives. To protect ourselves from You know, Trump's traders, you know how and you don't know. Angry? It was last week. That's cool. You know, you have every right in the world as a citizen, but you're also one of the smarter ones. I found it incredibly ironic that we caught a lot of these people who didn't want to wear masks because they weren't wearing masks. We can identify them some more than specifically for that reason. To do not be identified. Um, let's let's talk just also by their cell phones. So actually the department Justice Department today and one of their affidavits, You know, federal indictment off a get this ship. The school therapist for kids, Okay, She sat in the chair in the Senate chamber where pencil just sat moments before, okay. Like director and they got her and felt they nailed her one of the ways they nailed her was on her cell phone data. So they anybody any of these traitorous scum that attacked our country that had their cell phones on your you're busted. You're toast. Because DOJ is coming for you. The FBI is coming for you. I've got all the cell phone data and its glorious around them up. Arrest him. All these these air traders and traditionalists. I like the way that Biden is standing apart from this. Because none of any of this matters if we don't control Cove it and and we could have, you know, we could have a million deaths. If we didn't have this vaccine. Now we just got to get it out to people. We have to get it and efficiently. We haven't been doing that. It's been anything but warp speed. What do you but he's not anymore. He's not ignoring it. What he's doing is he's doing the right thing, which is, he said, Look, he was like, Look, I have an agenda. We've gotta help Americans who are hurting not only dying and suffering in hospitals or gasping for air literally in Southern California, where oxygen's being rationed. What people need food on the table and we need to. We need a mass vaccination program. And as you just said, right before I pop on the show, which is zero federal leadership on this, he said. All that, But and he said, Look. Yes. The Senate needs to go on convict this guy. Absolutely. Absolutely. Look, Joe Biden can walk and chew gum at the same time, and he knows that you don't get a Mulligan. You don't get a Mulligan on a seditious coup attempt. You don't you got it. We have to nail these people..
"the justice department" Discussed on KCRW
"Executions and new death sentences reached historic lows in 2020, with one exception. Executions by the federal government are up, says death penalty expert Robert Dunham. Donald Trump is responsible form or executions in a five month period that we've seen in more than a century and a quarter. NPR's Carrie Johnson has been following the issue. She's here now to talk more about it. Welcome back to the show. Carrie. Hi, Adi. Now. This follows the news that the Justice Department had relaunched capital punishment this year, right and it was the first time since 2003 tell us about that gap and the decision behind this year Yes, former Attorney General Bill Bar in his deputy, Jeff Rosen said they were carrying out the will of judges and Juries. Rosen wrote an op ed piece this past summer, he said the issue was pretty straightforward. They were giving Victimsfamilies a measure of justice and upholding the rule of law audience. All of 2020. There were 17 executions, 10 of those by the federal government. States tap the brakes on capital punishment because of the pandemic, But the U. S. Justice Department just kept going in. Those executions brought scores of people the federal death row in Indiana to provide security or serve as witnesses. The CL U says there are now big Corona virus outbreaks inside the prison in Indiana, which has spread to the surrounding community there. The vast majority of crime and punishment happens in the states, not the federal government. So who are the people who are on federal death row? Now, As of this moment, there are now 52 people on federal death row. And these are people who in some way violated federal law, engaging in murder on federal land like a national park or people who took part in a Carjacking or a kidnapping where a victim later died. Contrast that with more than 2500 people on death row in states all over the country, the death penalty Information center says this year Colorado join 21 other states to repeal its death penalty statute. And Robert Donna points out that in Los Angeles County in California voters just elected a progressive prosecutor who says he's not going to seek the death penalty there anymore at all. Long running criticism of capital punishment is the history of racial disparities in the US, How is that played out in the conversation this year? There are some studies that say the single biggest factor in a death sentence is the race of the victim and that black men are sentenced more harshly for killing white people. Donna Merch is a history professor at Rutgers University. She says she looks at capital punishment through a long lens. And Murch told me the first few federal prisoners singled out for lethal injection this year under Trump were white. But now the majority is black men. Here's more of what she had to say. The state sanctioned right to kill is important. But in a country like the United States, built on African slavery and settler colonialism, this killing has a deeply racial symbolic to it, And that's how I understand what's happening under trump right now. I want to look ahead to 2021. There are three federal executions planned before the inauguration of the new president. How likely is it that they'll actually happen? There's some uncertainty about that right now I judge has delayed the execution of Lisa Montgomery. She's the on Lee woman on federal death row that happened after her lawyers became ill from covert 19. But the Justice Department is appealing and wants to proceed with her execution and their two other men facing execution before the inauguration. January 20. If their names are Dustin Higgs and Corey Johnson. Both of them have tested positive for the Corona virus, and their lawyers have asked the Justice Department to stop those executions in January, but so far the Justice Department has not agreed to any delay so they may still go forward in the months ahead. Following this story, NPR's Carrie Johnson, Thanks so much my pleasure. Possibly the last place you would want to be during a pandemic is a small, sweaty club pressed up against a couple 100, strangers all yelling towards a stage. Because of that small music venues were among the first to close in the early stages of the pandemic, and it looks like a long while until they will be able to open again. But there is help for them in the Cove it relief bill as NPR's Andrew Limbaugh reports. In the before times R G fix. Schaeffer worked for a company that ran a handful of music venues in the Washington, DC area, including the 9 30 Club. And so we made that really tough decision on March 11th to have that one last show, and then we shut it all of our venues. They're still shuttered. So now she's the spokesperson for the National Independent Venue Association, or Niva. Which has been lobbying for some form of aid to help support struggling clubs. Shaver estimates that more than 300 have already closed. Niva was one of the organizations that lobbied for these save Our stages Act. It's a $15 billion grant program run by the small Business Administration, which means that we will be able to use the money to pay off all the bills that we've been accruing since the beginning of the pandemic and March. Previous relief efforts, like the Payroll protection program focused on employees. But with those employees furloughed the bills hanging overhead for venues, Irv now rent utilities insurance. The amount of money of businesses eligible four will be based on its 2019 revenue with a $10 million cap. There are also other protections in place to prevent large companies from taking advantage the way some did with the P P p must be independent, meaning that you're not part of a publicly traded company. You can't have Operations and more than 10 states, and you can't be in more than one country. Access to the money will also be teared. So it benefits businesses that have been hit hardest, says Senator Amy Klobuchar in the first two weeks, venues that have lost over 90% of their revenue from the year before I get to go first, and then then the second two weeks it goes down to over 70% call. Bashar, a Democrat, introduced the Save Our Stages Act over the summer, along with Republican Senator John Cornyn. She said. It was important that this was a bipartisan effort because a wide range of venues need help, and we kept the coalition together. That's what was so key from beginning to end and all of this because of a grassroots effort from a group that really hadn't worked together before. My performance venues, museums, movie theaters comedy clubs punish a reef is the artistic director of the Repertory Theater of ST Louis. Basically, anyone who sells tickets for Performing artists or live events. Commercial and non profit are eligible for some relief in this grants to the math works out slightly differently for nonprofits like the Repertory Theater. It's Grant would be based on last year's ticket sales and doesn't take into account foundation support donations and contributions..