Prison Time

Weiner's Having A Bad Day: Huma Files For Divorce After Disgraced Dem Pleads Guilty To Sexting A Minor

After years of sexting scandals that cost him his marriage with Huma Abedin and potentially even cost Hillary the White House, disgraced former Democratic congressman and New York Mayoral candidate Anthony Weiner apparently wept as he appeared in a federal court in Manhattan today to enter a guilty plea for sexting a minor.  Weiner will have to register as a sex offender as part of the plea deal.

Zimbabwe Central Bank To Accept Cows, TVs, Fridges As Collateral

As Zimbabwe desperately attempts to restart its monetary system, cow, cars, TVs, refrigerators, computers and other household appliances will become acceptable as collateral once they are evaluated and registered in the central bank’s register.

"Germany’s Dumbest Bank" Makes $5.4 Billion Transfer In Error

“The mistake was rapidly identified and eliminated, and the amounts overpaid were successfully demanded back. We regret that during works on the systems, this incident could happen due to human error owing to a configuration mistake.”

Police Escort South Korea's Former President Out Of Her Official Residence

South Korea's disgraced former president was escorted out of her official Blue House residence on Sunday, two days after a constitutional court upheld a decision to impeach Park Guen-hye. Park struck a defiant tone upon arriving at her private home in the Gangnam district of the capital, Seoul, after leaving the Blue House compound in a motorcade of fast-driving black cars, flanked by police motorbikes.

Civil Asset Forfeiture - Ruining Lives, While Failing To Stop Crime

Though the major point of conversation this week was about Trump’s threat to a state legislator, the bigger story should be the implicit support Trump gave to civil asset forfeiture, whether he realized it or not. And if you are not aware what civil asset forfeiture is, it is (surprisingly) something that is agreed by both sides of the aisle to be unjust and unconstitutional, and rightfully so.

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

Wells Fargo Probed By Feds Over Sales Tactics

As a result of the ongoing "massive" customer fraud scandal at Wells Fargo, which culminated not with prison time for anyone but with a $125 million bonus for the executive who oversaw the criminal practice,  life for CEO John Stumpf, who as reported yesterday lost the top market cap spot for a US bank to JPM, just got more complicated, because not only is he set to testify in Congress in a few days, but as Dow Jones reports the Feds are now involved.

The War On Whistleblowers & Why America's Next President Will Kill Julian Assange

"I’m worried about Julian Assange. This is not a maternal instinct, but rather, a pragmatic one. The increasingly hostile statements made by top state officials and their surrogates show a widespread condemnation of whistleblowers in the halls of government. President Obama set the tone early in his administration. In the case of WikiLeaks founder Julian Assange, the rhetoric goes well beyond condemnation of methodology and straight to advocating for his brutal murder."

FBI Probes Firm Belonging To Brother Of Clinton Campaign Chair For Ukraine Corruption Ties

While much of the media focus over the past week has been on the potential corruption scandal involving Ukraine's former president and Donald Trump's now former advisor, Paul Manafort, perhaps it is time for it to shift attention to the Podesta Group, the lobbying firm which belongs to Tony Podesta, the brother of Hillary Clinton campaign chairman John Podesta

Valeant Responds To Criminal Probe Report

"Valeant previously disclosed in October 2015 that the United States Attorney's Office for the Southern District of New York commenced an investigation involving Valeant... Valeant takes these matters seriously and intends to uphold the highest standards of ethical conduct as we move forward with our mission to improve people's lives with our healthcare products."