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12:37 PM 12/9/2018 – Mr. Mueller shows his cards—and reveals a pack of jokers – CNN | Investigate the entire upper echelon of the Obama’s FBI!

Investigate the entire upper echelon of the Obama’s FBI! – Google SearchSunday December 9th, 2018 at 12:32 PM

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Michael Novakhov – SharedNewsLinks℠ 

Mr. Mueller shows his cards—and reveals a pack of jokers – CNN
‘suicide’ of tycoon Scot Young – Google Search
‘suicide’ of tycoon Scot Young – Google Search
Skripal detectives set to examine ‘suicide’ of tycoon Scot Young
Deutsche Bank Raided by Police in Frankfurt
Comey defends FBI and himself in interview with House panels
Comey does not remember – Google Search
Comey does not remember – Google Search
Comey transcript released: Ex-FBI boss claims not to know, remember key details in Russia case
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Document: Transcript of James Comey’s Dec. 7 Interview With House Committees
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Comey transcript released: Ex-FBI boss claims not to know, remember key details in Russia case – Fox News
Royal Navy chief warns Russia NATO Ukraine threat like days before WW1
US military carries out ‘extraordinary’ flight over Ukraine in response to Russia’s ‘unprovoked attack’ – Google Search
US military carries out ‘extraordinary’ flight over Ukraine in response to Russia’s ‘unprovoked attack’
russian tanks ukraine Satellite imagery – Google Search
russian tanks ukraine Satellite imagery – Google Search
russian tanks ukraine – Google Search
Russia pulled hundreds of tanks to the border with Ukraine: military equipment were on satellite images
Feds recommend ‘substantial’ jail time for Michael Cohen; Mueller recommendation cites Russia investigation cooperation
Robert Mueller’s final Russia probe report may never be made public
Friendly Fire Killed Sheriff’s Sergeant At Thousand Oaks, Calif., Shooting Scene – NPR
To prevent goat-napping, Navy ups security around mascots to protect against Army bandits – The Washington Post
Officer killed during Borderline shooting died from friendly rifle fire – NBC News
Major Oil-producing Countries Agree to Cut Output
Не Хляет! The Russian Mob’s attempt to take over the Free World by using the old Soviet recipes ends with a big, loud, awakening bang from the Mueller’s Investigation. | The Global Security News
“Russia Ukraine” – Google News: Poroshenko expects new CDU head to support Ukraine in repelling Russian aggression – UNIAN
In White House Shake-up, Kelly’s Departure Now Seems Certain
Trump Confirms He’ll Nominate Army General Milley as Next Top Military Adviser
Police arrest 84 in European crackdown on Italian mob
Annegret Kramp-Karrenbauer – Google Search
Annegret Kramp-Karrenbauer – Google Search
Не Хляет! The Russian Mob’s attempt to take over the Free World by using the old Soviet recipes ends with a big, loud, awakening bang from the Mueller’s Investigation. | The Global Security News
Book World: How Trump, ISIS and Russia have mastered the Internet as a weapon
Examining What Michael Flynn’s Cooperation Means To Russia Probe : NPR
nick ayers – Google Search
brothers podesta – Google Search
brothers podesta – Google Search
brothers podesta – Google Search
brothers podesta – Google Search
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Tony Podesta – Wikipedia
John Kelly expected to resign soon, no longer on speaking terms with Trump
‘Inside Robert Mueller’s FBI’ — And His Russia Investigation — With Biographer Garrett Graff
Russian Intelligence, organized crime and war on police – Google News: ‘Inside Robert Mueller’s FBI’ — And His Russia Investigation — Wi th Biographer Garrett Graff – WBUR
< strong>1. Trump from Michael_Novakhov (198 sites): “Putin and American political process” – Google News: Mueller’s next big reveal – CNN
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Investigate the entire upper echelon of the Obama’s FBI! – Google SearchSunday December 9th, 2018 at 12:31 PM

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Story image for Investigate the entire upper echelon of the Obama’s FBI! from Statesville Record & Landmark

Trump to nominate William Barr as attorney general, Heather Nauert …

Statesville Record & Landmark-Dec 7, 2018WASHINGTON (AP) — President Donald Trump says he will nominate William Barr, attorney general under President George H.W. Bush, …Trump nominating Barr as AG, Nauert as UN Ambassador
WPVI-TV-Dec 7, 2018View all

Story image for Investigate the entire upper echelon of the Obama’s FBI! from Washington Post

The Daily 202: This week foreshadows the continuing escalation of the …

Washington Post-Dec 7, 2018Balkin argues that the disruptive nature of these ploys are the whole point …. into the top echelons of U.S. diplomacy as the Trump administration ramps … an afternoon news conference that the Obamaadministration’s rule, which …. July, when he announced the outcome of the FBI investigation into Hillary …

Story image for Investigate the entire upper echelon of the Obama’s FBI! from Washington Post

The Daily 202: ‘We won women.’ GOP governors who survived the …

Washington Post-Nov 29, 2018Republican women also won full four-year terms in Iowa, Alabama and ….. The FBI and the House Intelligence Committee are both investigating a letter …. for a shake-up of a top echelon inhabited by three lawmakers in their late 70s. …. court challenges given that it overturns an Obama-era interpretation of …

Story image for Investigate the entire upper echelon of the Obama’s FBI! from Chicago Tribune

Seething over Russia probe, Trump tears into ‘spygate’

Chicago Tribune-May 23, 2018He tweeted Wednesday morning that the FBI has been caught in a “major SPY scandal.” … to support Trump’s claim that the Obama administration was trying to spy on … the upper echelon of federal law enforcement has conspired against him, … the information on an FBI source in the Russia investigation.Trump Seethes Over Russia Probe, ‘Major SPY Scandal’ at FBI
NBC Connecticut-May 24, 2018View allRead the whole story · ·

M.N.: Investigate the entire upper echelon of the Obama’s FBI! The least that they can be accused of is the manifest and obvious, utter professional incompetence. The worst, no one wants to think and to talk about. They made the FBI and the American political system the laughing stock of the world. They undermined the American and the Global Security.by noreply@blogger.com (Mike Nova)Sunday December 9th, 2018 at 12:28 PM

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mikenova shares “M.N.: Investigate the entire upper echelon of the Obama’s FBI! The least that they can be accused of is the manifest and obvious, utter professional incompetence. The worst, no one wants to think and to talk about. They made the FBI and the American political system the laughing stock of the world. They undermined the American and the Global Security.” from  The Global Security NewsM.N.: Investigate the entire upper echelon of the Obama’s FBI! The least that they can be accused of is the manifest and obvious, utter professional incompetence. The worst, no one wants to think and to talk about. They made the FBI and the American political system the laughing stock of the world. They undermined the American and the Global Security.http://globalsecuritynews.org/2018/12/05/m-n-investigate-the-entire-upper-echelon-of-the-obamas-fbi-the-least-that-they-can-be-accused-of-is-the-manifest-and-obvious-utter-professional-incompetence-the-worst-no-one-wants-to-th/M.N.: Investigate the entire upper echelon of the Obama’s FBI, and consider bringing the criminal charges against all the former and current FBI officials! | Bill Priestap, a 20-year veteran of the FBI, will exit the agency at the end of the year, according to a new report. – WSJ | FBI News ReviewInvestigate the investigators! Save America! Reform the FBI now!M.N.: Investigate the entire upper echelon of the Obama’s FBI, and consider bringing the criminal charges against all the former and current FBI officials who were involved in “Clinton emails investigation” (which was designed by the adversaries, and was used to divert the resources), and “Trump – Russia NON-INVESTIGATION” for this fundamental, historical, unprecedented failure of the American Counterintelligence which is primarily the responsibility of the FBI. The least that they can be accused of is the manifest and obvious, utter professional incompetence. The worst, no one wants to think and to talk about. They made the FBI and the American political system the laughing stock of the world. They undermined the American and the Global Security. Investigate all of them in fullest and in-depth!Saved StoriesSaved Stories – None FBI veteran who worked on Clinton, Russia probes retiringE.W. “Bill” Priestap fbi – Google SearchFBI veteran who worked on Clinton, Russia probes retiring – Washington ExaminerSpecial counsel Robert Mueller’s office recommends little to no jail time for Michael Flynn in exchange for assistance – NBCNews.comMueller filing: Flynn gave substantial assistance – CNNProsecutors recommend no prison time for former national security adviser Michael Flynn – Press of Atlantic CityMueller gives new details on Flynn’s secretive work for Turkey – NBCNews.comMike Flynn Report Expected to Shed Light on Mueller Probe – Wall Street JournalMueller Investigation Just ‘Tying Up Loose Ends’ Before Climax of Russia Probe in Coming Weeks: Report – NewsweekNato accuses Russia of breaking nuclear missile treaty – BBC NewsNational Republican Congressional Committee says it was hacked during this year’s election cycle – Washington Post

Read the whole story · ·

2018 was a record year for school gun violence – AxiosSunday December 9th, 2018 at 12:28 PM

“Fbi Criticism” – Google News1 Share

2018 was a record year for school gun violence  Axios

There have been a record 94 incidents of gun violence in schools across the United States in 2018 — a nearly 60% jump from the previous high set in 2006, …

“political crimes” – Google News: Republican anxiety spikes as Trump faces growing legal and political perils – Salt Lake TribuneSunday December 9th, 2018 at 12:28 PM

Crime And Criminology From Michael_Novakhov (8 Sites)1 Share

Republican anxiety spikes as Trump faces growing legal and political perils  Salt Lake Tribune

Washington • A growing number of Republicans fear that a battery of new revelations in the far-reaching Russia investigation has dramatically heightened the …

 “political crimes” – Google News

Twitter Search / engcrimerussia: Britain approves black list of Russian oligarchs https://en.crimerussia.com/oligarchs/britain-approves-black-list-of-russian-oligarchs/ …pic.twitter.com/YqqjehyVv0 by (@engcrimerussia)Sunday December 9th, 2018 at 12:27 PM

Crime And Criminology From Michael_Novakhov (8 Sites)1 Share

Britain approves black list of Russian oligarchs https://en.crimerussia.com/oligarchs/britain-approves-black-list-of-russian-oligarchs/ … pic.twitter.com/YqqjehyVv0

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Twitter Search / engcrimerussia: Detectives in Skripals case find new victims of Russia’s actions https://en.crimerussia.com/gromkie-dela/detectives-in-skripals-case-find-new-victims-of-russia-s-actions/ …pic.twitter.com/pWjQl79C65 by (@engcrimerussia)Sunday December 9th, 2018 at 12:27 PM

Crime And Criminology From Michael_Novakhov (8 Sites)1 Share

Detectives in Skripals case find new victims of Russia’s actions https://en.crimerussia.com/gromkie-dela/detectives-in-skripals-case-find-new-victims-of-russia-s-actions/ … pic.twitter.com/pWjQl79C65

 Twitter Search / engcrimerussia

All The Criminal Charges To Emerge So Far From Robert Mueller’s Investigation – NPRSunday December 9th, 2018 at 12:27 PM

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All The Criminal Charges To Emerge So Far From Robert Mueller’s Investigation  NPR

President Trump has called the Russia investigation a “witch hunt,” but more than 30 people have been charged. Many of those who’ve been accused, however, …

82-year-old mobster and ‘Whitey’ Bulger penpal Ralph DeMasi to stand trial for 1991 Worcester slaying – MassLive.comSunday December 9th, 2018 at 12:27 PM

“Fbi Surveillance” – Google News1 Share

82-year-old mobster and ‘Whitey’ Bulger penpal Ralph DeMasi to stand trial for 1991 Worcester slaying  MassLive.com

Ralph DeMasi, a mobster with a penchant for robbing armored trucks, will be in Worcester Superior Court as the murder trial against him begins in connection …

James Comey: Russia investigation started with four Americans with ties to Trump, Russia – KARE11.comSunday December 9th, 2018 at 12:27 PM

“Fbi Surveillance” – Google News1 Share

James Comey: Russia investigation started with four Americans with ties to Trump, Russia  KARE11.com

In a closed-door meeting with members of two congressional committees, former FBI Director James Comey was grilled on his handling of the Hillary Clinton …

Editorial cartoons for Dec. 9, 2018: Bush funeral, Mueller memos, ‘Tariff Man’ – Syracuse.comSunday December 9th, 2018 at 12:27 PM

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Editorial cartoons for Dec. 9, 2018: Bush funeral, Mueller memos, ‘Tariff Man’  Syracuse.com

The state funeral for former President George H.W. Bush captivated Washington. Bush died Nov. 30, 2018, at age 94. The controversies of his one-term …

Editorial cartoons for Dec. 9, 2018: Bush funeral, Mueller memos, ‘Tariff Man’ – Google SearchSunday December 9th, 2018 at 12:23 PM

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Editorial cartoons for Dec. 9, 2018: Bush funeral, Mueller memos, ‘Tariff Man’ – Google SearchSunday December 9th, 2018 at 12:22 PM

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Editorial cartoons for Dec. 9, 2018: Bush funeral, Mueller memos, ‘Tariff Man’ | syracuse.comSunday December 9th, 2018 at 12:20 PM

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The state funeral for former President George H.W. Bush captivated Washington. Bush died Nov. 30, 2018, at age 94. The controversies of his one-term presidency receded into the background as his eulogists — including son and President George W. Bush — celebrated his wartime heroism, foreign policy acumen and kindness.

Commentators couldn’t help but contrast the “kinder, gentler” elder Bush with President Donald Trump’s combative style.

Meanwhile, Special Counsel Robert Mueller continued to rile the president with sentencing memos for former National Security Adviser Michael Flynn, former personal lawyer Michael Cohen and former campaign chairman Paul Manafort.

Other topics in the news this week include Trump’s meeting with Chinese leader Xi Jinping at the G20 summit in Argentina to avert a trade war; the president’s tweet that he is “Tariff Man,” rattling the financial markets; continued fallout from the assassination of Saudi journalist Jamal Khashoggi in Turkey; voter fraud in North Carolina; and Republican efforts in Wisconsin and Michigan to handcuff incoming Democratic administrations.

Cartoons were drawn by Bill Bramhall, Chan Lowe, Dan Wasserman, Dana Summers, Drew Sheneman, Scott Stantis, Walt Handelsman, David Horsey, Phil Hands and Joel Pett of Tribune Content Agency; Tim Campbell, Mike Lester, Signe Wilkinson and Jeff Danziger of the Washington Post Writers Group; and Tom Toles of Andrews McMeel Syndication.

giuliani and ny fbi – Google SearchSunday December 9th, 2018 at 12:05 PM

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giuliani and ny fbi – Google SearchSunday December 9th, 2018 at 12:05 PM

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giuliani and ny fbi – Google SearchSunday December 9th, 2018 at 12:04 PM

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Comey Was ‘Concerned’ NY FBI Officials Were Leaking Info to Rudy …

Daily Beast-49 minutes agoFormer FBI Director James Comey told House investigators that he … “Mr. Giuliani was making statements that appeared to be based on his …Comey Tells House Panel He Suspected Giuliani Was Leaking FBI …
Wall Street Journal-14 hours agoI feared FBI leaked information to Giuliani: Comey
The Australian-4 hours agoTidbits from the closed door questioning of James Comey
<a href=”http://ActionNewsJax.com” rel=”nofollow”>ActionNewsJax.com</a>-12 hours agoInside the frantic decision to open a Trump obstruction probe before …
ABC Action News-Dec 6, 2018Comey says he launched probe into Clinton email leaks before he …
In-Depth-<a href=”http://NBCNews.com” rel=”nofollow”>NBCNews.com</a>-16 hours agoView all

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Power Up: Rudy Giuliani talks — and two lawyers listen

Washington Post-Dec 7, 2018Scary moment: CNN’s Don Lemon went off the air in New York City late …. They plan to release a report about FBI behavior before ceding the …Giuliani Says Trump’s Written Responses to Mueller Were ‘A …
Newsweek-Dec 6, 2018View all

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Michael Flynn Was a Key Cooperator and Should Serve Little Prison …

New York Times-Dec 5, 2018… Rudolph W. Giuliani, seized on it to underscore that Mr. Mueller had yet to … he said, referring to Mr. Flynn’s plea of lying to the F.B.I. and …The Russia Investigation Is Almost Over. Here’s What You Need to Know
<a href=”http://TeenVogue.com” rel=”nofollow”>TeenVogue.com</a>-Dec 8, 2018Russia pitched political ‘synergy’ to Trump’s campaign, Putin’s …
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Rudy Giuliani: There is ‘no contradiction’ between Cohen and Trump …

CNN-Nov 29, 2018Giuliani also told CNN that “neither of the two versions from Michael Cohen … the Justice Department by lying to the FBI and special counsel’s office. … telling theNew York Post that “It was never discussed, but I wouldn’t take …Read the whole story · · ·

Mr. Mueller shows his cards—and reveals a pack of jokers – CNNSunday December 9th, 2018 at 11:32 AM

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Mr. Mueller shows his cards—and reveals a pack of jokers  CNN

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‘suicide’ of tycoon Scot Young – Google SearchSunday December 9th, 2018 at 11:28 AM

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Skripal detectives set to examine ‘suicide’ of tycoon Scot Young

Telegraph.co.uk-1 hour agoSkripal detectives set to examine ‘suicide’ of tycoon Scot Young … officers travelled to the UK and linked it to the death of Mr Young and that of …Skripal detectives uncover evidence linking Kremlin to at least two …
UNIAN-6 hours agoSkripal police revisit ‘suicide‘ of Scot Youngtycoon who crossed …
Highly Cited-The Times-22 hours agoSkripal detectives ‘uncover evidence that links the Kremlin to at least …
Highly Cited-Daily Mail-7 hours agoView all

Story image for 'suicide' of tycoon Scot Young from The Sun

Daughter of billionaire Scot Young who plunged to his death from …

The Sun-Sep 8, 2018THE daughter of a billionaire tycoon who plunged to his death from a … ScottYoung’s youngest child, Sasha, has broken her silence for the first …

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Billionaire’s daughter claims her dad’s balcony death was not suicide …

Mirror.co.uk-Sep 8, 2018The daughter of controversial tycoon Scot Young has broken her silence … Young, 52, thought to have been a billionaire, fell to his death on …

Story image for 'suicide' of tycoon Scot Young from Telegraph.co.uk

Property developer Scot Young’s final phone call in which he offered …

Telegraph.co.uk-Jan 14, 2018Property developer Scot Young’s final phone call in which he … ruled there was insufficient evidence to conclude that it had been suicide.

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‘I know it wasn’t suicide‘: In her first interview since the death of her …

Daily Mail-Sep 8, 2018’I know it wasn’t suicide‘: In her first interview since the death of her troubled tycoon father Scot Young, the billionaire’s daughter opens up about …

Story image for 'suicide' of tycoon Scot Young from Daily Mail

TRANSCRIPT OF SCOT YOUNG’S FINAL CALL TO MICHELLE YOUNG

Daily Mail-Jan 15, 2018The claim was made by reclusive tycoon Valery Morozov, who fled for Britain … In 2015, a coroner ruled Mr Young’s death could not be ruled as …Read the whole story · · ·

Skripal detectives set to examine ‘suicide’ of tycoon Scot YoungSunday December 9th, 2018 at 11:10 AM

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His calls were echoed by Marina Litvinenko, who husband Alexander was killed in London in 2006 with  polonium-210 on the orders of the Russian state.

“It’s very important that Scotland Yard looks into these mysterious deaths, because it seems that they’re all linked somehow,” she said.

Mr Browder said that the fact that they had been identified through the blunders of agents abroad would have left Mr Putin “seething”.

“Putin will be absolutely humiliated that his entire foreign assassin operation has been compromised by its own stupidity,” he said.

The 14 deaths linked to Russia were initially re-examined in the wake of the Skripals poisoning.

Scotland Yard said in a statement: “Following a request in March from the then-Home Secretary Amber Rudd, reviews into 14 deaths of Russian nationals in the UK were carried out by the relevant local police forces, which were coordinated by Counter Terrorism Policing. 

“Following the reviews a response was sent back to the Home Secretary that there was no basis on which to re-open any of the investigations. Should any new information or evidence become available, then it will be assessed by the relevant police force as appropriate.”

Deutsche Bank Raided by Police in FrankfurtSunday December 9th, 2018 at 10:24 AM

Fair Observer1 Share

Deutsche Bank is in hot water after recent raids by police. What will happen next?

Deutsche Bank faces its most severe test yet in the wake of police raids on its Frankfurt offices on November 29 over suspicions of helping its clients in money laundering. The scene was dramatic: 170 officers descended on six Deutsche Bank buildings, including its headquarters, and seized documents and files, according to an NPR report.

German authorities are investigating whether Deutsche Bank employees — specifically two individuals — helped set up offshore companies in tax havens for some 900 clients to launder about $354 million from criminal activities. The investigation is related to the Panama Papers expose of 2016, Deutsche Bank said, adding that it has provided the relevant documents to the investigators.

The Panama Papers refer to the legal records of a Panamanian law firm that revealed the financial holdings in tax havens of numerous influential people including a dozen national leaders. Fourteen German banks used the Panamanian law firm of Mossack Fonseca to set up more than 1,200 anonymous shell companies, according a report in The Guardian newspaper of the UK, which worked with the International Consortium of Investigative Journalists to publish the Panama Papers expose.

Penalized Out of Existence?

“The bank could face a world in which it gets penalized out of existence,” said David Zaring, Wharton professor of legal studies and business ethics. He noted that Deutsche Bank has a history of scandals involving regulatory transgressions. “It just pays fines all the time.” The bank is paying a $425 million fine in New York for helping Russians move money out of Russia; the Federal Reserve fined Deutsche Bank $41 million for failing to have effective compliance measures in place; and “German bank regulators have appointed a monitor for Deutsche Bank to make sure that it’s not laundering money and financing terrorism,” Zaring noted. According to one list, the bank has attracted some $12.5 billion in fines in 28 cases since 2000.

“Deutsche Bank is a classic [case of] ‘control fraud,’” said William K. Black, associate professor of economics and law at the University of Missouri-Kansas City. He explained that “control fraud” occurs when “a seemingly legitimate entity and the people that control it use it as a weapon to defraud others and commit other predation and crimes.” A former white-collar criminologist, Black had referred to the concept in his 2005 book, The Best Way to Rob a Bank is To Own One: How Corporate Executives and Politicians Looted the S&L Industry. “[Deutsche Bank] poses as the largest bank in Germany, but it’s actually the largest criminal enterprise in Germany, which is something, because it has to compete with Volkswagen,” he added, referring to the German automaker’s 2015 emissions scandal.

Zaring and Black discussed what lies ahead for Deutsche Bank on the Knowledge@Wharton radio show on SiriusXM.

Fall of a Champion

Deutsche Bank has been intimately involved with the German economy since its founding in 1870. Its status as a national icon grew along with its role in Germany’s reconstruction after World War II and its rise as a global bank over the last three decades. But the latest controversy threatens to upset that iconic image. “The problem is it is perceived as a national champion,” said Black. “The greater problem is that it’s a national champion that loses every joust, and it’s revealed to have cheated every time it gets into a joust. … So it’s a pathetic and embarrassing national champion in that regard.”

Zaring noted that at first sight, there is “nothing illegal” about Deutsche Bank helping its clients minimize their tax bills. “The question is whether they were using the Panama Papers [route] to fraudulently hide the money that the tax authorities would have wanted to get.”

Black identified problems on several fronts that Deutsche Bank currently faces. One is with the suspected link to the Panama Papers. That comes close on the heels of an investigation by U.S. law enforcement agencies into the alleged role of Danske Bank of Denmark in laundering money out of Russia and other former Soviet states. The US subsidiary of Deutsche Bank was named as being involved in laundering $150 billion, according to a Financial Times report. (Deutsche Bank has clarified in a fact sheet  that the latest investigations are not related to the Danske Bank scandal.) Last, US President Donald Trump and his family’s relationships with Deutsche Bank in earlier years could trigger a game of political football after the Democratic Party gains control of the House of Representatives in January 2019.

Zaring noted that Deutsche Bank also failed a stress test the US Federal Reserve conducted in June. “Clearly, American regulators are worried about basic questions such as whether it’s resilient enough to survive a shock to the system,” he said.

Deutsche Bank has also managed to avoid having to comply with Basel 3, the tight capital adequacy standards set by the Bank of International Settlements in Basel, Switzerland, said Black. “Its stock prices have tanked, its bonds are being downgraded and most people think it’s in a death spiral,” he added. Deutsche Bank ADRs trading on the New York Stock Exchange fell to an all-time low of $9.02 intraday on December 4.

Black expected some executive heads to roll at Deutsche Bank as an outcome of the latest controversy. Both Black and Zaring also predicted that the bank will reach a settlement with regulators instead of fighting its case in court. “These are very difficult cases if they prosecute; almost always, Deutsche settles,” said Black. Added Zaring: “Deutsche doesn’t get a lot of joy out of fighting these things, so it will probably settle. And then, there will be a question over criminal prosecutions of the two executives who are allegedly facilitating this money laundering.”

Ducking Regulation

Black said that Deutsche Bank has failed to fulfill promises made to regulators each time it was fined for lapses over the last 12 years. “Deutsche Bank has used up all of its second, third, fourth, fifth and six chances.”

Black pointed out that Deutsche Bank’s CEOs seem to have taken the heat of its regulatory skirmishes in recent years, while its chairman, Paul Achleitner, has stayed in the job since 2012. “The tone presumably starts with him,” he said. The bank’s CEOs have had an uneasy tenure since 2011, when it experimented with two co-CEOs before they quit over the next four years. John Cryan, who succeeded them, was replaced earlier this year by current CEO Christian Sewing.

According to Black, Gresham’s Law is at work in the Deutsche Bank case — a monetary principle that bad money drives out good. “Deutsche Bank either needs to be under completely new management, where you have to rip out the entire top leadership, or it needs to be merged [with another bank],” he said.

Zaring agreed with Black. “It could be that a course correction could save the bank,” he said. While a merger may be explored between Deutsche Bank and “a couple of other, smaller German banks that the Germans trust more,” it’s not clear that is the best option. “I wonder if [Deutsche Bank] is going to be able to downsize and wait this out.”

Fixing a Flawed Culture

Across a broad range of countries, “the culture of finance at really high levels has suffered greatly,” Black noted. “Part of it is [the role of] institutional structures and incentives. We need to make significant changes, because if you don’t fix the culture you will have recurrent problems.”

Zaring wondered if culture correction is a feasible goal. “Can you create the right kind of compliant, law-abiding culture in a bank? And how do you do it?” He noted that US and Dutch regulators, for example, have attempted to foster within banks a culture of compliance with regulation, and have encouraged bank executives to put their clients’ interests ahead of their own bonuses. “What we need to do is create that tone at the top, and get everybody in the bank to approach rules … the same way. It looks like Deutsche Bank is ripe for cultural change, and it’s not clear whether the German regulators have figured out a way to do it.” He wondered if the bank’s shareholders would also push for such a cultural transformation after tiring of the impact of fines on its bottom line.

The overriding concern now is whether it might be too late for all those changes, and if Deutsche Bank could withstand the pressure of yet another set of heavy penalties. Zaring noted that two years ago, when the US government considered imposing a fine of around $14 billion on the bank for selling faulty mortgage-backed securities, its market capitalization shrunk to nearly the same amount. “In other words, they would have had to pledge all of their equity to meet their financial penalty obligations,” he noted. The bank eventually settled for about half that amount as a fine.

*[This article was originally published by Knowledge@Wharton, a partner institution of Fair Observer.]

The views expressed in this article are the author’s own and do not necessarily reflect Fair Observer’s editorial policy.Read the whole story · · · · · ·

Comey defends FBI and himself in interview with House panelsSunday December 9th, 2018 at 10:02 AM

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Comey does not remember – Google SearchSunday December 9th, 2018 at 9:41 AM

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Comey does not remember – Google SearchSunday December 9th, 2018 at 9:40 AM

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Comey transcript released: Ex-FBI boss claims not to know, remember …

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Comey transcript released: Ex-FBI boss claims not to know, remember key details in Russia caseSunday December 9th, 2018 at 9:05 AM

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Former FBI Director James Comey claimed “I don’t know” or “I don’t remember” in response to dozens of questions concerning key details in the Russia probe, according to a lengthy transcript released Saturday of his closed-door interview with congressional lawmakers.

House Judiciary Committee Chairman Bob Goodlatte, R-Va., and House Oversight and Government Reform Committee Chairman Trey Gowdy, R-S.C., published the 235-page transcript as a part of an agreement with Comey.

The former bureau boss frustrated GOP lawmakers during Friday’s session, in large part because his lawyers urged him not to answer numerous questions. Comey is expected to return later in the month for another round, though blasted Republicans on his way out for what he called a “desperate attempt to find anything that can be used to attack the institutions of justice investigating this president.”

READ THE COMEY TRANSCRIPT

But while Comey insisted in the interview that “we never investigated the Trump campaign for political purposes,” the transcript shows he claimed ignorance or memory lapses in response to questions concerning key details and events in the Russia investigation, which some GOP lawmakers continue to claim was improperly conducted.

The transcript reveals lawmakers’ frustration with his lack of specifics.

Asked if he recalled who drafted the FBI’s “initiation document” for the July 2016 Russia investigation, Comey said, “I do not.” He again claimed not to know when asked about the involvement in that initiation of Peter Strzok, whose anti-Trump texts later got him removed from the special counsel’s probe.

When asked if the FBI had any evidence that anyone in the Trump campaign conspired to hack the DNC server, Comey gave a lengthy answer referring to Special Counsel Robert Mueller’s investigation as to why he couldn’t answer.

“Did we have evidence in July of (2016) that anyone in the Trump campaign conspired to hack the DNC server?” Comey asked rhetorically. “I don’t think that the FBI and special counsel want me answering questions that may relate to their investigation of Russian interference during 2016. And I worry that that would cross that line.”

“I don’t think that the FBI and special counsel want me answering questions that may relate to their investigation of Russian interference during 2016. And I worry that that would cross that line,”— Former FBI Director James Comey

When pressed further by Gowdy about what “factual predicate” the bureau had to launch a counterintelligence investigation, Comey again claimed that answering that question would be a “slope” that would ask him to reveal what the FBI “did or didn’t know about Russia activity” as it related to the 2016 election.

“You can’t tell us, or you won’t tell us?” Gowdy asks.

“Probably a combination of both … To the extent I recall facts developed during our investigation of Russian interference and the potential connection of Americans, I think that’s a question that the FBI doesn’t want me answering. So it’s both a can’t and a won’t,” Comey replied.

The former FBI director went on to say that anything related to Mueller’s investigation, to his understanding, would be “off limits” as it is an ongoing investigation.

Comey was also fuzzy on the eventual Democratic funding of the research that went into the controversial and unverified anti-Trump dossier.

Asked when he learned that the firm behind the dossier, Fusion GPS, was hired by law firm Perkins Coie – and when he learned that law firm was hired by the Democratic National Committee – Comey said “I never learned that” while director.

Comey also claimed not to know key details surrounding the involvement of Christopher Steele, the former British spy who authored the dossier.

Asked when Steele was “terminated” as an FBI source, Comey said he didn’t know.

Asked about Steele’s subsequent contact with Justice Department official Bruce Ohr, Comey said, “I don’t know anything about that.”

The Comey appearance comes as Republicans try to probe deeper into the FBI’s handling of both the Russia case and Hillary Clinton email investigation, before Democrats take control of the House in January and likely shut down these lines of inquiry.

Comey was asked numerous questions as well about the handling of the Clinton case, acknowledging at times that certain aspects of it were “unusual” while defending other actions.

Comey initially challenged the subpoena to appear before the committees and instead pressed for a public hearing out of concern his comments would be selectively leaked and taken out of context. He eventually agreed to appear, with an arrangement for the transcript to be made public.

Fox News’ Bill Mears, Jake Gibson, and Chad Pergram contributed to this report.Read the whole story · · · · ·

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Document: Transcript of James Comey’s Dec. 7 Interview With House CommitteesSunday December 9th, 2018 at 8:47 AM

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Comey says Trump wasn’t among ‘four Americans’ targeted in FBI probe

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James Comey: Justice Department Investigated Four Americans …

Daily Beast-14 hours agoFormer FBI Director James Comey told Congressional investigators Friday that the Justice Department was investigating four Americans …

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Lawfare (blog)-16 hours agoThe transcript of former FBI Director James Comey’s interview before the House judiciary committee and oversight committee is available here …Read the whole story · ·

Comey transcript released: Ex-FBI boss claims not to know, remember key details in Russia case – Fox NewsSunday December 9th, 2018 at 8:42 AM

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  1. Comey transcript released: Ex-FBI boss claims not to know, remember key details in Russia case  Fox News
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  3. Andrew McCabe opened obstruction of justice probe into Trump before Mueller investigation: Report  Washington Times
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Royal Navy chief warns Russia NATO Ukraine threat like days before WW1Sunday December 9th, 2018 at 8:32 AM

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Admiral Lord West issued the dire warning as Putin’s forces are accused of massing to invade Ukraine – with president Petro Poroshenko begging for NATO aid.

The former First Sea Lord laid out the danger of the situation as both sides test each other – warning about the possibility of NATO’s intervention against Russia in the Black Sea.

He told Daily Star Online: “It was exactly this that lead to World War 1. While the shooting of Archduke Franz Ferdinand was the stimulus, it was the brinkmanship.”

Tensions around Crimea – which was annexed by Russia in 2014 – have reignited after Putin’s forces opened fire upon and seized three ships from Ukraine.

Russia has denied any aggressive intent, accusing Poroshenko of inflaming the situation to boost his flagging poll numbers ahead of next year’s election.

Admiral West – one of Britain’s most senior Royal Navy figures – warned against both sides “pushing and pushing” against one another as tensions rage.

Russia has already committed an “act of war” in attacking the Ukraine vessels and warned Putin may send troops into the war-torn Donbass.

Donbass is a region of Ukraine that is currently torn-apart by civil war as pro-Russian rebels and fighting against Kiev.

Moscow has already been accused of aiding the rebels with weapons and stoking up the uprising, something which has been firmly denied by the Kremlin.

Vladimir Putin

VLADIMIR PUTIN: Russia’s leader has denied any aggressive intent to Ukraine (Pic: GETTY)

Admiral West told Daily Star Online: “It is a highly dangerous thing when you start playing this game, and I really do wonder about Putin.

“[Putin] just lies, and while Trump also lies, at least Trump isn’t going to try and attack us and trigger a nuclear war.”

NATO held a two day summit earlier this week, but did not commit to aiding Ukraine despite calls from Poroshenko for warships to be sent to the Black Sea.

Britain will be sending a warship into the region as part of our agreement with Kiev, but Admiral West urged we send a Type 45 destroyer rather than survey ship HMS Echo.

Ukraine

UKRAINE: Kiev fears Russia are going to invade after the seizure of three ships (Pic: GETTY)

Russia s-400

WAR: Russia has moved missile defence systems into Crimea (Pic: GETTY)

Admiral West went on: “I think where this becomes extremely serious is Putin starts using Russian troops in [the Donbass] to fight Ukraine, and it becomes as war between Russia and Ukraine.

“What exactly do we do? It’s not an attack on NATO, and do we really want to send troops in and get in a hot war with Russia over Ukraine.

“It’s a very good question. And if we don’t, then we let Ukraine be extinguished, it’s a very hard one to decide.”

“I can see easily a situation where a war breaks out between Russia and Ukraine, in which the Russians would win – clearly – where NATO say they are not going to get involved.”

Ukraine map

MAPPED: Russia and Ukraine’s clash is feared to rope in NATO (Pic: DS)

Ukraine has been holding war drills over the past few weeks, declared martial law, called army reservists and banned the entry of all men of fighting age from Russia.

Poroshenko has openly said he expects Putin’s forces to invade, warning tank divisions are massing just 11 miles from the border of Ukraine.

Russia’s annexation of Crimea from the former-Soviet state back in 2014 was internationally condemned as illegal, and triggered a larger NATO presence within eastern Europe.

Kiev fears Moscow are moving to capture the Crimean ports of Mariupol and Berdyansk on the Sea of Azov, which is home to key trading routes and is the latest battleground between Russia and Ukraine.

Admiral Lord West

ROYAL NAVY: Admiral Lord West warned Russia and Ukraine’s clash is like the days before WW1 (Pic: WIKICOMMONS)

Admiral West was unconvinced a large military operation by NATO would deter Russia and warned it may inflame the situation even more – instead urging for further sanctions of Moscow.

The Royal Navy hero described Putin as a “mafia boss” – and added: “How do you get the mafia? You go after their money.”

He said: “We need to hammer every oligarch, freeze assets not just in this country but around the world, stop them shoving money through tax havens.”

Tensions continue to rage as Ukraine has vowed to send warships into the Kerch Strait to stop Russia “totally occupying” the Sea of Azov.Read the whole story · · · · · · · · · ·

US military carries out ‘extraordinary’ flight over Ukraine in response to Russia’s ‘unprovoked attack’ – Google SearchSunday December 9th, 2018 at 7:51 AM

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US military carries out ‘extraordinary’ flight over Ukraine in response to Russia’s ‘unprovoked attack’Sunday December 9th, 2018 at 7:31 AM

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The U.S. military flew an “extraordinary” Open Skies Treaty flight over Ukraine on Thursday in response to Russia’s “unprovoked attack” on allied Ukrainian forces late last month in the Black Sea near the Kerch Strait.

The maneuver is the first flight of its kind over Ukraine since 2014, when Russian forces annexed Crimea, according to Eric Pahon, a Pentagon spokesman.