Lawsky gets a settlement and Bloomberg gets a good grade from Thompson
Briefing: Lawsky. Stony Brook University via flickr
5:52 pm Aug. 14, 20121
2012
Joe Biden told a crowd Mitt Romney's economic policies would "put you all back in chains." [Rebecca Berg]
Republicans were outraged. [Mackenzie Weigner]
2013
Bill Thompson: "Overall, Mike Bloomberg has done a good job for the city of New York." [RNNtv]
NY-25
The state Republican chairman said Democratic congresswoman Louise Slaughter may be too infirm to serve. [Liz Benjamin]
SD-40
The "Wacky Wagner" email "might pull [Republican state senator Greg] Ball on the wrong side of a law he himself supported." [Nick Judd]
City Hall
NYPD Commissioner Ray Kelly once spoke approvingly about an outside agency "putting [the NYPD's] feet to the fire." [Andrew Hawkins and Shane Dixon Kavanagh]
That quote is from a 1993 New York Times article. Headline: "New York's Police Allow Corruption, Mollen Panel Says" [Selwyn Raab]
Headline: "Bloomberg Lobbying Other Media Heads For Presidential Immigration Debate" [AP]
Albany
New York State Attorney General Eric Schneiderman hired former Daily News reporter Melissa Grace. [Liz Benjamin]
The state's Financial Services Superintendent Ben Lawsky got a $340 million settlement with Standard Chartered. [dfs.ny.gov]
The chairman of a law firm who told the Times Lawsky appeared to be grandstanding said the settlement may "cause me to change my mind." [Kevin Roose]
"The aggressive stance taken by Lawsky heightened his public profile just months after his department was created. But it also produced a significant amount of collateral damage that could take months to repair." [Karen Freifeld]
"For a bank whose actions 'left the U.S. financial system vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes, and deprived law enforcement investigators of crucial information used to track all manner of criminal activity,' a $340 million fine looks remarkably lenient." [Simon Nixon]
"Better that Standard Chartered pays not a penny than we suffer again from not truly knowing and learning the truth." [Larry Doyle]
The bank will install a monitor who will report directly to the state. [Nick Reisman]
Media
Why the media isn't covering the shooting at a Sikh temple the same way it covered the shooting at a Dark Knight Rises screening. [Naunihal Singh]
Hillary Clinton is on the cover of Conde Nast Traveler. [James Arkin]
There's a backstory. [Daily Traveler]
Ben Lawsky is a real life Harvey Dent. I've talked to every regulator in this country about Bank of America's corruption, and he is the only man who was willing to do something about it...
Remember the term Force-Placed Insurance, as it is the leading cause of foreclosures since 1994. False placement of illegally and artificially inflated premiums have been proven to create a negative escrow account, which leads to increased mortgage payments, blocked tax payments, and denial of a loan modification.
Read chapter 2 of my firsthand account as a bank whistleblower uncovering the largest bank fraud in history here: http://thoughtforyourpenny.blogspot.com/2012/07/the-boy-who-cried-force-...