You mean…this guy was in reserve to serve their needs if necessary? There by in their minds keeping the game alive for themselves..By George I think you've got it!
Thank you Baker
SocGen To Pay $1.3 Billion To Settle US Sanctions Violations Against Iran, Sudan And Cuba
Five months after French bank Societe Generale agreed to pay $1.3 billion to resolve criminal and civil charges in the United States and France for bribing Gaddafi-era Libyan officials and manipulating the Libor interest rate benchmark, on Monday the third-largest French bank did it again when it settled its longstanding sanctions violations case with U.S. authorities, entering a deferred prosecution agreement with federal prosecutors and agreeing to pay another $1.3 billion to New York and Washington regulators.
As part of the settlement, SocGen acknowledged violations of U.S. sanctions laws against Iran, Sudan and Cuba starting as far back as 2003 and extending to 2013, according to Bloomberg. According to a consent order filed by New York’s Department of Financial Services, the bank executed more than 2,600 outbound payments during this period, valued at about $8.3 billion, in violation of U.S. sanctions laws. In a statement, the NY Fed said that the bank agreed to pay $1.34 billion in all to resolve the settlement. In addition to paying $717 million to the US DOJ, the bank will pay $420 million to New York’s Department of Financial Services, $163 million to the Manhattan District Attorney’s office, $81 million to the U.S. Federal Reserve and $54 million to the U.S. Treasury.
“Societe Generale has admitted its willful violations of U.S. sanctions laws – and longtime concealment of those violations – which resulted in billions of dollars of illicit funds flowing through the U.S. financial system,” said U.S. Attorney Geoffrey S. Berman in Manhattan, which announced the settlement. “Other banks should take heed: Enforcement of U.S. sanctions laws is, and will continue to be, a top priority of this office and our partner agencies.”
Quoted by Bloomberg, Maria Vullo who leads the Department of Financial Services, said: "The absence of an effective, global sanctions-compliance infrastructure and lack of management oversight allowed Societe Generale employees to ignore the scope and applicability of laws governing economic sanctions."
And now attention once again turns to Deutsche Bank which according to the Danske Bank whistleblower, Howard Wilkinson, may have been responsible for facilitating an unprecedented $150 billion in money laundering involving shady clients, many of whom were Russians. As we reported earlier, Deutsche continued to clear transactions for Danske's Estonia branch until 2015, two years after JPM had ended its correspondent banking relationship with Danske's Estonia branch over AML concerns. The suspicious funds flowed through Danske between 2007 and 2015 before Denmark's largest lender closed its non-resident portfolio over AML concerns.
https://www.zerohedge.com/news/2018-11-19/socgen-pay-13-billion-settle-us-sanctions-violations-against-iran-sudan-and-cuba
Saudis Abandon Plan To Issue $40 Billion In Corporate Bonds
An interesting bond financial scheme they tried to pull off, but couldn't risk the truth coming out so they abandoned it…very interesting.
https://www.zerohedge.com/news/2018-11-19/saudis-abandon-plan-issue-40-billion-corporate-bonds
Dianne Feinstein, Kamala Harris push White House for deal on judicial nominees
Sens. Dianne Feinstein and Kamala Harris, both members of the Judiciary Committee, called on the White House Monday to make a deal to fill court vacancies. The two California senators asked Pat Cipollone, tapped to be the acting White House counsel in October, to broker a deal over three 9th Circuit Court of Appeals position. “While we continue to oppose the slate of nominees the White House put forward on October 10, we remain hopeful that you will work with us to reach a bipartisan agreement in a timely manner,” they wrote. They offered accepting Judge James Rogan, a Trump pick, as long as their choice — Judge Lucy Koh — is also confirmed. They also proposed that each party select a nominee from the other’s list to confirm. The third candidate would require further negotiations, as would several openings for California district courts.
https://www.washingtontimes.com/news/2018/nov/19/dianne-feinstein-and-kamala-harris-push-white-hous/
Top Dem Donors Hosted Director From Group That Registered Dead People to Vote
Ohio Organizing Collaborative director gave talk on "expanding the electorate" at secretive liberal conference (Updated)
The left's largest network of wealthy donors tapped an individual for a discussion on "expanding the electorate" at its fall investment conference from a group that was caught submitting fraudulent voter registration forms—including registering dead people to vote—and saw one of its employees go to prison for the crime. Among the events was a strategy briefing on "expanding the electorate," according to documents obtained on site by the Washington Free Beacon.
"The 2018 elections presented organizations and communities with an opportunity to truly transform and expand the electorate and elect the next generation of our country's progressive leadership," the agenda says of the discussion. "The state of American politics provided an environment conducive to mobilizing a new coalition of voters, inspiring them to vote, and persuading them that by investing their energy and resources into civic participation they can create positive change." "We will share direct experiences and learnings from our programs, including Win Justice and others led by local organizations around the country," it continues. "Hear how they delivered new, infrequent and drop-of voters to the polls, while building an organization and creating a lasting culture of activism among voters of color, union households, and other base voters." DaMareo Cooper, director of the Ohio Organizing Collaborative, a progressive nonprofit that works on direct advocacy and engaging voters throughout the state of Ohio, sat on the panel alongside representatives from the New Florida Majority, Center for Community Change Action, and Service Employees International Union (SEIU). The Ohio Organizing Collaborative raised red flags in 2015 after the vice-chairman of a local board of elections in Ohio began noticing frequent problems with registrations submitted by the group, the Washington Free Beacon previously reported. "They have turned in roughly 530 voter registrations, of which five of them were dead people," the vice-chairman said at the time. "They actually had the dead people's drivers license numbers and Social Security numbers, and of course they forged the signatures of these dead people." "The forms were riddled with errors and all tied to this group," an election chairman told a local publication. "You can tell the same person filled out some of the same forms and forged signatures. There are wrong dates of births and wrong addresses on others. It became a pattern."
The group told the Free Beacon at the time that they had terminated the worker who submitted the registrations. "Unfortunately, it has come to our attention that a number of voter registration cards filed in Columbiana County appear to have been fabricated. The canvasser suspected of fabricating these cards is no longer employed [by the group] and her supervisor has been placed on administrative leave pending an investigation," the group said. That individual ultimately pled guilty to numerous felony counts of making a false registration and election falsification and was sentenced to six months in prison. The Ohio Organizing Collaborative did not respond to inquiries by press time. The Democracy Alliance could not be reached for comment.
Prior to the fraud investigation, they were listed on a lawsuit that was submitted by a top Democratic lawyer who was working with Hillary Clinton's campaign. Marc Elias, a partner at the D.C. office of the Perkins Coie law firm, submitted challenges in a number of states in an effort to go after voter identification laws. Elias was working on the challenges in his personal capacity as an attorney at Perkins Coie and not directly on behalf of the Clinton campaign, although Clinton publicly backed the effort. Elias originally had the Ohio Organizing Collaborative as a plaintiff on his lawsuit in Ohio. The group was later replaced by the Ohio Democratic Party and a source close to Elias at the time said he had not been involved with the group since it was swapped out.
https://freebeacon.com/politics/top-dem-donors-hosted-director-group-registered-dead-people-vote/