FROM Edward Wyatt
Are Wall Street Execs Getting Off Easy for Committing Fraud? Federal Judge Jed Rakoff is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America —and for Citigroup itself. But for corporate executives there's no shame and no pain. We hear how the latest case against Citigroup fits into a troubling pattern.
SEC Settlements Raise Questions about Watchdog's Teeth A federal judge is still considering Citigroup's latest settlement of fraud charges brought by the Securities and Exchange Commission. Citigroup did not have to admit wrongdoing and received a fine critics call "a slap on the wrist," that shareholders, not executives, will have to pay. It follows a familiar pattern — for Goldman Sachs, Morgan Stanley, JP Morgan Chase, Bank of America and Citigroup itself -- that has even some insiders asking who is the SEC working for? Is it protecting consumers or big banks? Why aren't company executives being hauled into court, especially if their practices helped bring about the collapse of the housing market?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.