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General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities…

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The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC Mortgage (WMC), a GE subsidiary. WMC, GE, and their affiliates allegedly misrepresented the quality […]

Top FBI Lawyer Discussed a Special Counsel Before James Comey’s Firing…

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Former FBI General Counsel James Baker said top officials at the Justice Department and FBI discussed appointing a special counsel before the firing of FBI Director James Comey. Baker additionally testified FBI officials were entertaining the idea that Trump had fired Comey at the behest of Russia. The new insight was revealed in the second […]

Barr Reviewing ‘Conduct’ of Trump-Russia Investigation That Began in Summer 2016…

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Attorney General William Barr said Tuesday he is “reviewing the conduct” of the FBI’s initial investigation into the Trump campaign in the summer of 2016. During a House Appropriations panel hearing, Barr also said he is open to reviewing criminal referrals from House Intelligence Committee ranking member Devin Nunes, R-Calif., targeting eight people tied to […]

BILL BARR’S HOT MESS…

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It’s fitting that William Barr’s confirmation as attorney general happened just as two powerful law-enforcement figures were trading accusations involving President Trump. Mr. Barr’s greatest challenge isn’t antitrust deals, immigration policy or even handling special counsel Robert Mueller. His overriding challenge is to reboot a Justice Department that has shredded its reputation and lost the […]

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