Notable Resignation?

http:// www.investmentwatchblog.com/soros-empire-beginning-to-crumble-after-a-tenure-of-some-18-years-the-most-recognizable-soros-lieutenant-quits/

Being a Chief Investment Officer at Soros Fund Management, the $26 billion family office run by billionaire George Soros who reportedly lost $1 billion following the Trump election as a result of bearish market bets, is not easy: recall that in August of 2016, Ted Burdick, the former CIO and veteran Soros employee, stepped down after just 8 months in the position but remained at the firm running the firm’s credit portfolio. The transition took place at a time when Soros was said to have returned to an active fund management role, putting in place “big, bearish bets.” Getting replaced as CIO by UBS asset manager Dawn Fitzpatrick, probably did not boost his ego.

So, after a tenure of some 18 years, having started working for George Soros back in 2000, Burdick, one of the most recognizable Soros lieutenants, has decided to call it a day and according to Bloomberg , quit Soros Fund Management last week.

Notable prosecution of fuckery?

https:// www.blacklistednews.com/article/66303/major-french-bank-to-pay-1bln-for-bribing-libyan-officials-and-libor.html

A unit of one of France’s largest banks, Societe Generale, is pleading guilty in the U.S. and the bank is paying a $585 million fine for bribing Libyan officials to win government investments. The bank also is paying $750 million to settle U.S. charges of manipulating a key global interest rate.

The actions were announced by the U.S. Justice Department and the U.S. Commodity Futures Trading Commission. Under an agreement with the Justice Department, Societe Generale will avoid criminal prosecution on charges of manipulating the London interbank offered rate, or LIBOR, and will pay a $275 million fine. The bank is paying a $475 million civil penalty in a separate settlement with the CFTC.

The Justice Department said it was the first coordinated resolution with France in a foreign bribery case.

The action “sends a strong message that transnational corruption and manipulation of our markets will be met with a global and coordinated law enforcement response,” Acting Assistant Attorney General John Cronan said in a statement.

The LIBOR rate is used to set lending rates for trillions of dollars in transactions around the world, including mortgages, bonds and consumer loans. A number of major international banks already have paid settlements totaling billions of dollars in the rate-rigging scandal that broke in 2012. Units of JPMorgan Chase and Citigroup, Britain’s Barclays, Switzerland’s UBS and Germany’s Deutsche Bank also have signed deferred prosecution agreements.

CHICAGO (AP) — A federal court has ruled that printing “In God We Trust” on U.S. currency doesn’t amount to a religious endorsement and therefore doesn’t violate the U.S. Constitution. The Chicago Daily Law Bulletin reports the 7th U.S. Circuit Court of Appeals in Chicago made the ruling Thursday in a lawsuit brought by a self-declared Satanist, Kenneth Mayle. He argued that the motto propagates a religious view he opposes.

A lower court tossed the suit citing a Supreme Court decision that a motto on currency isn’t something people display prominently and thus that people are not forced to publicly advertise views that clash with their own.

Mayle appealed to restore the suit, but the 7th Circuit refused, describing the phrase as a “historical reminder” of the nation’s heritage.

https:// www.blacklistednews.com/article/66243/judge-in-god-we-trust-on-money-isnt-religion.html