Ken fre conference, kate . Were waiting for the start of this slated 1 00 press conference with Preet Bharara. Tough terms coming out of his office from the settlement reached. 1. 8 billion fine related to Insider Trading as well as the surrender of their license. Their ability essentially to manage outside money. They will become a Family Office shortly after the settlement is approved by judges. They have pled guilty to five counts against them, one of wire fraud, four of securities fraud and well hear more detail im sure on what they admitted to in terms of Insider Trading and perhaps not best supervising their employees. In a letter to the judges today two judges who need to approve this settlement in order for it to be set in stone, bharara said considering all things the depth and breadth of the wrongdoing here he thought these penalties were steep but fair. Interesting but lotough languag out of his office. He has amassed a track record of Insider Trading convictions and cases.
If iran doesnt feel part of the effort . They are already there. So they are already making an effort without being part of a coalition. Secondly, the government of iraq if they want to talk, which they obviously do, they can do it. Thats got to be the filter. It cant be direct conversations with iran for practical reasons. I believe. Im someone who very strongly believes we ought to be negotiating with iran on the nuclear side. Against some very strong opposition to even talking to iran on the nuclear side. That to me is the number one goal right now is to avoid that catastrophe of iran getting a Nuclear Weapon. And i think this could muddy that water and confuse and complicate those negotiations if in another area we are relying on iran, because i think it could help, it could raise their expectations somehow or other, it could affect what they calculate we might be willing to do on a nuclear side. I dont want them to change their calculus. I want them to know how serious we are. And
The day today. Goldman sachs raised for example putting still dynamics to a buy from a sell. It shifted its rating. It was cautious originally but now the standout stocks that are worth keeping an eye on and buying as they say. Adam thank you, nicole. Lori a live look at the u. S. Attorneys office in new york where in moments they are going to unveil Insider Trading plea deal with sac capital capping a multiyear insidertrading probe. We will bring you this live. Charlie gasparino also on hand when the attorney general speaks. Adam we want to bring you the latest developments on blackberry. Dennis kneale has been covering this. Is this a surprise . Dennis it is a shocker. Now it was down 16 . The whole thing is what if they had a buyout and nobody even showed up . Those stocks selling off on that because the buyout is over and replacing the ceo. It is hard to think of a ceo who has performed worse. He bet on a touchscreen smartphone when the real keyboard was blackberry mainstay. He bou
And growing up in russia and i have noticed that basically if they are smart and if they are liberal, they try to leave the country. You mentioned Silicon Valley how russia is one of the languages. Russians are verys bart are very smart but they are not looking to improve stay in their country because it is so shaky the legal system and so forth. Then you see the other guys that are staying, nationalist and skinheads and people like that who are going to protest in beating up immigrants and stuff like that on the streets. They are not just of the streets, protesting and they are rising up and taking positions and government as well. That is just about the future of russia in its self. Putin, the man is 61 years old and he is not going to be around very long. [laughter] we are all very old on this panel. [laughter] sorry about that. Speaking as a member of the younger generation, im looking for to russias future. I do not mean to offend anybody. Just a russias history, it has had a very
You wrote a letter on july 19, just a couple of months ago, to senator levin you laid out the different options for military force in syria in terms of control of chemical weapons and even in the context of a limited strike. You and im quoting from your letter here on the efficacy of a limited strike. Over time the impact would be the significant degradation of capabilities and an increase in regime desertions. Again a lot of us read this stuff. Im sure in the public sometime theres skepticism but your warnings, for a lot of us, have been taken to heart. What i think a lot of us struggle with is how can a policy rely on the assaad military to secure chemical stockpiles at the same time were bombing that army . And again you addressed this in the past and a lot of us are trying to figure out what changed here to give us that confidence level that we can count on on the assaad regime to continue to control these stockpiles. Well, without getting into the targeting as i tried to articulat