Prequel:
Marine Links Obama Law Firm to Fast and Furious Cash in Libor Contract Hits
Note Thomson Reuters and Sidley Austin operates snuff-film and Libor escrow service for the British Bankers’ Association
British Bankers’ snuff-film escrow services and Women @ Sidley RICO, allegedly launched by Bernadine Dohrn and Michelle Obama, with technical advice from
Note Murdoch’s Fox News uses images from a British Bankers’ snuff-film escrow service operated through Women @ Sidley
“Women @ Sidley .. Sidley recognizes that effective mentoring is key to professional development, and so upon entering the firm, each associate is assigned a practice group mentor. To further support and facilitate the progress of women and diverse lawyers, the Committee on Retention and Promotion of Women created supplemental mentoring programs tailored to the firm’s individual offices. In our larger offices, incoming female attorneys are paired with a “mentoring circle” comprised of women lawyers across a range of seniority and practice groups. In smaller offices, mentoring groups may include all of the women in the office. Some of these circles are organized randomly, while others come together around shared interests, such as arts and culture, civic involvement, health and fitness, and business or practice development. These mentoring programs afford junior female lawyers immediate access to [lesbian] women partners and counsel both inside and outside of their working group, thus giving them exposure to a wide variety of personalities and perspectives [allegedly including the use of snuff-films to extort concessions from heterosexual clients]. These mentoring groups meet several times a year, providing essential mentoring and also teaching mentoring skills that will enable junior lawyers to become effective [sexual entrapment] mentors for the next generation. … The New Associate Orientation, designed to provide information to get associates off to a good start. Seminars for junior women lawyers that provide tips [?] for success and answer common questions. The annual Mid-Level Associates Conference held each year for all fifth-year associates. In addition to a formal Committee presentation, women attendees meet for dinner with women partners to discuss positioning [doggy style or missionary] for promotion to partnership. The Women Partners' Retreat, which provides career development and networking opportunities for women partners and senior counsel.”
“FT Adviser FSA, BoE, BBA under fire by MPs over Libor myopia The FSA was two years behind US authorities in taking action and failed to grasp the importance behind market rumours of Libor fixing, MPs have claimed. By Marc Shoffman | Published 08:46 | 0 comments
A 122-page report by the Treasury select committee, after an inquiry in July in the aftermath of Barclays’ Libor fixing fine, claimed it was “not good” that both the FSA and the Bank of England failed to spot manipulation at Barclays despite the US regulator being alert to it.
The report said: “The committee is concerned that the FSA was two years behind the US regulatory authorities in initiating a formal Libor investigation and that this delay has contributed to the perceived weaknesses in regulating financial markets.”
The document highlighted a note from president of the Federal Reserve Timonthy Geithner about enhancing the credibility of Libor and revealed the FSA was investigating whether its staff knew of this.
During the hearings, the Bank of England - part of the tripartite regime - denied receiving evidence of wrongdoing from the US Federal Reserve.
The report also claimed Barclays was clearer with the New York Fed than with the FSA, which described its dealings with the bank as “elliptic.”
The report claimed the BoE was “relatively inactive” and did not speak with the FSA about the possibility of Libor fixing.
But more of the ire was saved for the City watchdog, the document said: “Unlike the BoE, the FSA was the prudential regulator. Its shortcomings at this time are therefore far more serious.
“The TSC is concerned about the FSA’s failure to appreciate the significance of market rumours relating to the artificial rigging of the Libor rate.”
The MPs said they awaited eagerly the result of the FSA’s internal investigation into the crisis, expected later this year.
Also in the report, MPs said the FSA must be clearer when communicating concerns about bank staff and improve its compliance and be more flexible in fines for firms that co-operate with investigations.
Firms must also be encouraged to report instances of wrongdong to the regulator.
The MPs also suggested that the Wheatley Review into Libor should address whether there is a legislative gap that stops the FSA pursuing criminal charges on this issue, while the Serious Fraud Office is able to pursue its own case.
The British Bankers’ Association, which is responsible for Libor, also drew criticism, having reviewed rate-setting in 2008 but missed the opportunity to spot the fixing.”
More to follow.
Presidential Mandate
Abel Danger
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