Mickels mickelsons attorney who says that phil is not charged with Insider Trading and phil is an innocent bistander to others that he was doing something that is not something that he was aware of, but they say it is a tip from gambler Billy Walters who was receiving information from the former dean foods chairman thomas davis who is suffering Financial Difficulties and received some loans from walters and allegedly tipping walters to insooider informatio about the dean foods at several different corporate events. Walters made trades on those and took advantage of the information in other ways according to the u. S. Government, and there is a lot here sh, melissa, and we will g to the bottom of it as soon as we get the bottom of it. And this is a long running crime, eamon, because it is between 2008 and 2014, and during this time frame, according to the allegations, walters made 32 million and avoided 11 million in trading losses. There is a lot more coming out of the documents releas
Good morning. The Judiciary Committee will come to order and without objection the chair is authorized to declare recesses of the committee at any time. Welcome everyone to this mornings legislative hearing on h. R. 699 the email privacy act and i will begin by recognizing myself for an opening statement. Todays hearing examines h. R. 699 the email privacy act and the need to modernize the electronic indications privacy act and in enacting it 30 years ago Congress Declared that the laws purpose was to achieve a fair balance between the privacy expectations of american citizens in the legitimate needs of law and fortunes and First Nations is bigger for First Nations these piriformis decades old outdated law has been a priority as chairman of the committee not to working with members of Congress Advocacy groups on Law Enforcement for years on many complicated nuances involved in updating this law. Im i am pleased to now hold this important hearing to examine the leading reform proposals
And those are very difficult and challenging things. Its not a large solution to every piece of it. They want to continue to address some of the challenges. I think theres more to be done there. Moving to a different servicer affords a different opportunity and some other tools to be able to move it. There is work to be done there, and nsi extension was certainly part of that, the neighborhood stabilization. And i think its also about treating different buckets of delinquent loans even differently. Selling off decent condition notes is very different than selling a bunch of vacants. We havent seen real different treatment from the bulk sales programs. Going forward, maybe we do trstop that a little bit more. If your fha and servicers cant, or you dont want to do principal reduction, there is this idea that the note buyers getting a discount will be in a better position than economically incentive to do principal reduction. But right now we dont have a requirement that they do that. Sim
News, analysis and interviews with politicians and observers. When the public trial for the drug was about to be announced as a failure. Want to read a little from the complaint. Mis 416 had the potential to be an enormously profitable if the drug trial was successful. The drug, however, failed the drug trial. Public announcement of these results caused the stock price to drop by 92 . In or about june of 2017, Christopher Collins violated the duties he owed to innate by Passing Material Nonpublic information regarding the Drug Trial Results to his son the defendant so that Cameron Collins could use that information to make timely trades in innate stock and tip others. In detail, it was stunning from the actual complaint itself, those phone calls or the initial ones from the congressman to his sn, they took place on the grounds of the white house, during the white house congressional picnic. Anybody who has been paying attention to Chris Collins on capitol hill the last couple of years
Interviews with political figures and news updates. Interviews with political figures and news updates. Able to sell the shares. They have telephone logs, who called whom and when. It appears they have people helping the government out with the testimony. As mimi said, andrea, its kind of overwhelming evidence thats difficult for federal prosecutors to ignore. And chuck todd, weve not yet seen to my knowledge a tweet from the president or any suggestion that this is witch hunt, mueller related. But this is really separate, this is an investigation that started, there was an Ethics Investigation that we heard about some months back, last year sometime. And so this does not come from the Mueller Operation at all. Right. And thats the thing, it has zero to do this is just bad timing, bad coincidence. And it looks bad, right . Here is yet another person close to the president who seems to be taking advantage of access,
special access, or a pay to play issue. The president s ally, the presi