Wednesday, February 5, 2014

President Obama Can Order Our Execution!

Sheriffs and Larry Klayman,

So Government Officials can claim the Hoodlums that come after you or me can be declared as undercover Government Officials, and therefore trying to STOP anyone of a crime could be going after the FEDS, and that is a crime in itself!

Maybe it is time for you to make a survey of the government officials if they approve of the NDAA and for the President to be the Exclusive Authority to have Americans Arrested and NOT Charged with a crime!

By the way, Judges will NEVER see these Americans as there WILL NOT BE A TRIAL!

The National Defense Authorization Act (NDAA) Does allow the President to Order the "indefinite detention of American citizens without due process," as well as ANYTHING ELSE he wants Including Their Execution!

The National Defense Authorization Act of 2013 passed the Senate with a 98-0 vote.
http://www.policymic.com/articles/20835/why-the-ndaa-bill-is-even-scarier-than-you-thought
1. The Indefinite Detention Clause: The NDAA has become the most controversial element of President Obama's foreign policy. Section 1021 of the NDAA bill of 2012 allowed for the "indefinite detention of American citizens without due process at the discretion of the President." Section 1021 has been challenged as a violation of constitutional principles and the United States Bill of Rights.

Dan


2014 Winter Olympics competitors threatened with kidnapping by alleged Islamists

Two Winter Olympic competitors from the Austrian team -- Alpine skier Bernadette Schild and skeleton racer Janine Flock, Europe's champion -- received threatening notes advising them to forget about competing in the Sochi Winter Games in Russia....

To Cancel, Retire And Not Re-Issued---> Every Bill - Obligation - Debt

To Cancel, Retire And Not Re-Issued---> Every Bill - Obligation - Debt
Obligations of the United States

Remedy--->To provide the people of the United States with an opportunity to make gifts to the United States Government to be used to reduce the public debt—

To reduce the public debt... Every Bill - Obligation -Debt that's already included in the public debt (which includes all existing debt) you are now holding should be sent (gifted) to the Secretary of the Treasury on the condition that the Bill - Obligation - Debt be Canceled, and Retired, and not Reissued.

CANCEL defined: To obliterate; to strike or cross out. To destroy the effect of an instrument by defacing, obliterating, expunging, or erasing it. To revoke or recall; to annul or destroy, make void or invalid, or set aside. To rescind; abandon; repeal; surrender; waive; terminate. The term is sometimes equivalent to "discharge" or "pay." Debes v. Texas Nat. Bank of Beaumont, Tex.Civ.App., 92 S.W.2d 476, 479. See also Abrogation; Cancellation; Redemption; Rescind; Rescission of contract; Revocation; Termination. Black’s Law Dictionary Sixth Edition (page 206)

Whereas defined pursuant to; U.S.C. Title 31 – Money And Finance Subtitle III – Financial Management Chapter 31 – Public Debt Sec. 3113 - Accepting gifts (a) To provide the people of the United States with an opportunity to make gifts to the United States Government to be used to reduce the public debt—(1) the Secretary of the Treasury may accept for the Government a gift of—(B) an obligation of the Government included in the public debt made only on the condition that the obligation be canceled and retired and not reissued. 


Modus legel dat donationi defined: The manner gives law to a gift. Co. Litt. 19 a. A Law Dictionary Adapted To The Constitution And Laws Of The United States Of America And Of The Several States Of The American Union by: John Bouvier Revised Sixth Edition, 1856

SETTLE defined: A word of equivocal meaning; meaning different things in different connections, and the particular sense in which it is used may be explained by the context or the circumstances. Accordingly, the term may be employed as meaning to agree, to approve, to arrange, to ascertain, to liquidate, to come to or reach an agreement, to determine, to establish, to fix, to free from uncertainty, to place, or to regulate. Parties are said to settle an account when they go over its items and ascertain and agree upon the balance due from one to the other. And, when the party indebted pays such balance, he is also said to settle it. Under U.C.C. § 4-104(j), "settle" means to pay in cash, by clearing house settlement, in a charge or credit or by remittance, or otherwise as instructed. A settlement may be either provisional or final. See also Adjust; Liquidate; Settlement. Settled estate. See Estate. Black’s Law Dictionary Sixth Edition (page 1372)



Secret Contacts between Taliban and Karzai Helped Erode U.S.-Afghan Relations

As Afghan President Hamid Karzai is an obedient comrade in arms of the CFR, this US/Afghan 'relationship' breakdown is likely to be the policy agenda of the Council on Foreign Relations.
http://chasvoice.blogspot.com/2014/02/secret-contacts-between-taliban-and.html

The Alarming 2014 Agenda of Global Tax Collectors

Subj: The Alarming 2014 Agenda of Global Tax Collectors

http://r20.rs6.net/tn.jsp?f=001UXWU6leV9Rzhc1NsrnyhPZOEE2c0w85NaDuF9ceFgeCN0EpIXMf5QSdBFIrFZq30WlVuNN3kOlHF0xnnetT2Ex7FGhD-GM3zBeWERMKJ4rTxKlpjtgDmcofzM-tWURH39mFAhEnRruYVAdPZzZYG1CasxbPohv8OLfGbgkI7Mg1nzNiOZvydqw==&c=bRwidpcE7rNIn41d2epd_DosWRgba5Rdegb4Bi4s2YQVkYcEbOvZng==&ch=VAcCeMmQ1My8ZGW-JQo_oP5dMs7_qp9dhedhy9xqqxdhmprjaX-Wmg==
Dear John,

Global tax collectors will be out in force in 2014, and the OECD's tax policy head calls it a "watershed moment for international tax policy." But I call it a nightmare for tax competition and economic prosperity.

Spurred on by the G20, the OECD intends to aggressively pursue "automatic exchange of tax information," which means more private financial data passing through more government hands.

In a new op-ed for the Daily Caller, I explain why automatic exchange should alarm advocates of limited government. You can find the full text of the piece below.

Sincerely,

Andrew F. Quinlan,
President, Center for Freedom and Prosperity

Proposed OECD tax rules threaten U.S. sovereignty and privacy

By Andrew Quinlan
February 4, 2014
Tax reform was a popular topic among politicians and members of the media in 2013. Americans suffering in the still weak economy and feeling beleaguered by recent tax hikes were no doubt disappointed that it remained just that - talk. Given the recent history of our government this should come as little surprise, but it's nevertheless disappointing that they've thus far proven inc
apable of amending our destructive tax code and instituting much needed pro-growth reforms.
 
At the same time as reform has stalled domestically, unelected international bureaucrats have made significant strides in their own quest to rewrite global tax rules. The bad news is that their desired policies will inevitably lead to higher taxes, reduced economic growth, bigger governments and lower prosperity throughout the world.

In a recent op-ed for the Huffington Post, Organization for Economic Cooperation and Development (OECD) tax policy head Pascal Saint-Amans declared it a "watershed moment for international tax policy." He asserts a need to "even the playing field and ensure predictability and fairness." Sounds benign, perhaps, but his words are belied by the radical agenda and anti-American policies of his organization. Specifically, they seek to weed out instances of "double non-taxation," which is tax collector-speak for keeping jurisdictions from deciding on their own what kind of taxes they wish to impose or not, whether they be on businesses or individuals. Their further desire for new rules establishing a global system of automatic exchange of taxpayer information between nations is a major threat to tax competition, economic prosperity, and taxpayer privacy.

For more than fifteen years the OECD has pursued an agenda aimed at limiting tax competition between nations, which occurs when jurisdictions compete for jobs and investment by offering better tax systems and lower rates than other nations. Competition benefits taxpayers by putting pressure on governments to - at the very least - not raise tax rates so high as to cause taxpayers and businesses to flee their jurisdiction. This is why economists tend to be among the strongest supporters of competition between different jurisdictions. To put it simply, tax competition encourages nations to adopt good tax policy, even when politicians would prefer to adopt class-warfare policies that can appeal to poorly informed voters.

Automatic exchange of taxpayer information threatens the foundations of tax competition by making it possible for all nations to tax income no matter where it is earned, a destructive practice currently that, among developed nations, is only used by the United States. Politicians in other nations are just as greedy as those in the U.S., but many lack the same means as the IRS to track their citizens all over the globe. By enlisting other tax agencies to help spy on their citizens throughout the world, this new system would make it much easier for the rest of the world's governments to also adopt the practice. Making it harder for citizens to take advantage of jurisdictions with better tax rates through widespread adoption of worldwide taxation would lessen incentives on politicians to adopt competitive rates. The inevitable result is higher taxes and a weaker global economy.

Though the U.S. has lost its competitive edge in recent years - falling from 5th overall in 2007 in the Fraser Institute's Economic Freedom of the World Report to 17th in 2011, their most recent year analyzed - it nevertheless remains the top destination for foreign indirect investment. There is more than $25 trillion in foreign indirect investment in the U.S. today, making the U.S. the world's largest so-called tax haven. The steady flow of investment dollars into the U.S. helps provide capital to serve as the lifeblood of the economy, boosting employment and prosperity.

Yet due to the efforts of international bureaucrats and tax collectors, tax competition and all its benefits for the United States may soon come to an end.

Last year the G20 announced that it was committed to presenting "a new single global standard for automatic exchange of information" by 2014. Once officially unveiled and eventually implemented, this standard will require nations to transmit bulk taxpayer data to foreign governments, even if that means collecting information for which the host nation has no need, or sending it to corrupt or untrustworthy regimes. Unlike the current standard of information exchange upon request, no evidence of wrongdoing is required from the destination government. It is simply presumed that they have a right to all information regarding anyone who might owe them taxes!

The new standard raises serious concerns regarding data integrity, the potential for identity theft or misuse of information, and human rights abuses. American citizens who invest overseas will likewise see their information pass through multiple hands before reaching the IRS, which has itself proven an untrustworthy steward of private taxpayer data. Non-Americans will likely have it much worse, as the likes of Venezuela, Egypt and other oppressive regimes are more easily able to comb through the financial records of their citizens. And it would also mean significant costs imposed on the low-tax jurisdictions forced into serving as their deputy tax collectors.

Global tax bureaucrats have long seen the automatic exchange of taxpayer information between governments as a sort of Holy Grail - strongly desired by tax collectors but perpetually out of reach politically. They know that eliminating tax competition and keeping businesses and individuals captive will make it easier to impose exorbitant tax rates. Facing massive debts from their own profligate spending, they are more desperate than ever to divert more money from the productive sector of the economy to government coffers. And thanks to the growing success of political efforts to scapegoat certain taxpayers for the ill effects of excessive taxing and spending, they see an opportunity to establish a radical new global tax regime.

The rhetoric used to advance the agenda of global tax bureaucrats is designed to both inflame popular passions and obscure the true purpose of reforms. Contrary to the claims of Mr. Saint-Amans, without tax competition there is no playing field at all, much less a level one. The new push by bureaucrats at the OECD and the G20 for global automatic information exchange is intended instead to rig the game in favor of politicians - and against taxpayers.

Milton Friedman argued that, "Competition among national governments in the public services they provide and in the taxes they impose is every bit as productive as competition among individuals or enterprises in the goods and services they offer for sale and the prices at which they offer them."
We should no more accept ending tax competition in order to "even the playing field" than we would ending market competition through price controls and central planning.

Like all bureaucracies, the OECD is ultimately composed of self-interested members. They are currently emboldened by global economic circumstances - and the Obama administration's sympathetic views to high taxes and big government - to more directly advance an agenda that is against fundamental American interests and would cripple the U.S. economy.

But they can be stopped. American taxpayers bear the largest burden in funding the (ironically) tax-free salaries of OECD bureaucrats. If Congress would stand up and join the fight by taking an active role in protecting the interests of American taxpayers by ending funding for organizations working against U.S. interest, the OECD will rethink its latest assault on tax competition.


CF&P | PO Box 10882 | Alexandria | VA | 22310


UN grills Vatican over cleric pedophiles

UN grills Vatican over cleric pedophiles

Published time: February 05, 2014 12:42
Edited time: February 05, 2014 15:24
AFP Photo / Yasuyoshi Chiba
AFP Photo / Yasuyoshi Chiba
The UN Human Rights Committee has blamed the Vatican for indulging longstanding policies enabling priests to sexually abuse children, and called to open pedophile files and disclose the names of those clergymen who assisted in concealing such crimes.
The Vatican’s UN representative hit back saying the report was distorted, unfair and ideologically biased.
A scathing UN report published on Wednesday accuses the Holy See of a systematic blackout concerning the molestation of children, claiming that tens of thousands of children have been raped by priests.
“The Committee is gravely concerned that the Holy See has not acknowledged the extent of the crimes committed, has not taken the necessary measures to address cases of child sexual abuse and to protect children, and has adopted policies and practices which have led to the continuation of the abuse and the impunity of the perpetrators,” said the report.
The UN Committee recommended the Holy See to implement the UN Convention on the Rights of the Child properly. It is the world’s most important international treaty protecting children's rights. The UN also called for suspected clerics to be handed over to the police.
The report accuses the Catholic Church of putting the organization’s reputation ahead of the duty to protect children and ensure their access to health care.
The UN committee also severely criticized the Vatican for its attitudes toward contraception and abortion and urged it to teach sex education in Catholic schools to ensure children's rights and their access to health care are guaranteed.
In its response to the report, the Vatican said it regrets seeing what it called “an attempt to interfere with Catholic Church teaching on the dignity of human person and in the exercise of religious freedom.
The Holy See said in a statement that it will submit the report for a “thorough study and examination,” adding that it remains committed to defending and protecting the rights of children “in line with the principles promoted by the Convention on the Rights of the Child and according to the moral and religious values offered by Catholic doctrine.”
Archbishop Silvano Tomasi, the Holy See observer to the UN in Geneva, also suggested that NGOs which favor gay marriages probably influenced the committee to reinforce an "ideological line" in the document, Reuters cited.
Responding to criticisms on the Vatican’s stance on homosexuality, abortion and contraception, the Archbishop also said the UN cannot ask the Church to change its "non-negotiable" moral teachings.
The report followed a harsh interrogation in January of two high-ranking Catholic clerics on known cases of child sex abuse by clergy. Archbishop Silvano Tomasi, the Holy See’s representative to the United Nations in Geneva, and Bishop Charles Scicluna, the Vatican’s former chief prosecutor of sex abuse cases, were interrogated by an 18-member committee for many hours.
To help the clergymen avoid justice, Church hierarchy arranged transfers and other cover-ups for clerics, sometimes simply defrocking them.
“Due to a code of silence imposed on all members of the clergy under penalty of excommunication, cases of child sexual abuse have hardly ever been reported to the law enforcement authorities in the countries where such crimes occurred,” the UN body said.
It must be noted that over the last two years in the Vatican, former pope Benedict XVI defrocked nearly 400 priests for raping and molesting children, but that was presumably only the tip of the iceberg.
In December last year, Pope Francis, who called the decades-long sexual abuse of children by priests“the shame of the Church,” created a commission to investigate child sex abuse in the Catholic Church, and the UN watchdog has called on to the Holy See for more actions on the issue.
Pope Francis waves to pilgrims gathered at Saint Peter's square in the Vatican, upon his arrival to lead the general weekly audience on February 5, 2014. (AFP Photo / Vincenzo Pinto)
Pope Francis waves to pilgrims gathered at Saint Peter's square in the Vatican, upon his arrival to lead the general weekly audience on February 5, 2014. (AFP Photo / Vincenzo Pinto)
Also, the Catholic Church must investigate cases of forced labor in so-called laundries and other similar institutions and prevent a repeat of such cases, prosecuting those responsible and paying full compensation to the victims and their families.
The most notorious case of forced labor in Catholic Church institutions took place in Ireland, where more than 10,000 women, passed through the so-called Magdalene laundries against their will between 1922 and 1996, receiving no pay, pension or social protection. Girls and young women who were homeless, orphaned, unmarried mothers or labeled as ‘fallen’ or ‘troubled’, were sent to ‘Maggies’. Ireland has officially apologized for the forced labor in church-run institutions.

Federal Reserve Said to Probe Banks Over Forex Fixing

Subject: Fwd: FEDERAL RESERVE SAID TO PROBE BANKS OVER FOREX FIXING (ILLEGAL CURRENCY MANIPULATION)
gee isn't this putting the fox in charge of the hen house?????????? heheheheheheehehh


Federal Reserve Said to Probe Banks Over Forex Fixing

By Keri Geiger and Caroline Salas Gage Jan 13, 2014 1:54 PM ET
Save

Photographer: Andrew Harrer/Bloomberg
A light fixture during an open meeting of the Federal Reserve Board in Washington, D.C.... Read More

The Federal Reserve is investigating whether traders at the world’s biggest banks rigged benchmark currency rates, raising the risk that firms will be penalized for lax controls as regulators look for wrongdoing.
The Fed, which supervises U.S. bank holding companies, is among authorities from London to Washington probing whether traders shared information that may have let them manipulate prices in the $5.3 trillion-a-day foreign-exchange market to maximize their profits, said a person with direct knowledge of the matter, asking not to be named because it’s confidential. The central bank’s involvement in the probe hasn’t been previously reported.
“The Fed has discretion whether to and how much to fine the banks if deficient controls or lack of supervision resulted in traders at these banks manipulating currency rates,” said Jacob S. Frenkel, a former federal prosecutor and now a lawyer at Shulman Rogers Gandal Pordy & Ecker PA in Potomac, Maryland.
The Fed punished firms for internal-control lapses last year as it worked with state and federal authorities on cases involving Iranian sanctions and botched derivatives bets. The foreign-exchange inquiry looks at benchmark WM/Reuters rates used by companies and investors around the world.
Those rates are determined by trades executed in a minute-long period called “the fix” at 4 p.m. in London each day. By concentrating orders in the moments before and during the 60-second window, traders can push the rate up or down, a process known in the industry as “banging the close.”

‘The Cartel’

Broken Benchmarks
Deutsche Bank AG (DBK), Citigroup Inc. (C), Barclays Plc (BARC) and UBS AG (UBSN) control more than half of all foreign-exchange trading, according to a May survey by Euromoney Institutional Investor.
Barbara Hagenbaugh, a Fed spokeswoman in Washington, declined to comment on the probes.
Bloomberg News reported in June that traders at banks have been manipulating spot foreign-exchange rates for at least a decade, affecting the value of funds and derivatives. Britain’s Financial Conduct Authority, the Swiss Competition Commission and the U.S. Justice Department also are investigating.
At least a dozen banks have been contacted by authorities, and at least 12 currency traders have been suspended or put on leave. Companies including Lloyds Banking Group Plc (LLOY) and Royal Bank of Scotland Group Plc have announced their own internal reviews of the matter.
Citigroup said last week it fired Rohan Ramchandani, who was head of European spot trading. Ramchandani was part of a message group other traders in the industry referred to as “The Cartel,” which is under investigation. He had been on leave from the New York-based firm for almost three months. Ramchandani didn’t respond to messages left on his mobile telephone, and his lawyer didn’t return a call to his office.

‘Bad Apples’

Fed supervision focuses on potential risks to banks and assesses a firm’s ability to “identify, measure, monitor and control these risks,” according to the central bank’s website.
The regulator examines banks for weaknesses that could affect their safety and soundness or violate laws. If lapses are found, it can send a report to the company, issue an order, impose fines, remove officers or directors and bar them from the industry. Its oversight can include international operations of U.S. banks and the U.S. operations of foreign banks.
The Fed will investigate whether any foreign exchange manipulation was due to rogue traders or a wider practice in a bank sanctioned directly or indirectly by management, said Karen Shaw Petrou, managing partner of Federal Financial Analytics Inc., a Washington-based firm that does policy analysis on the financial services industry.
“The issue is are there any bad apples, how many are there and how rotten is the barrel?” Petrou said.

London Whale

The Fed fined JPMorgan Chase & Co. (JPM), the nation’s largest lender by assets, $200 million last year after a U.K. trader known as the London Whale for his outsized bets lost more than $6.2 billion on botched derivatives transactions. The regulator cited deficiencies in the New York-based company’s risk management and internal controls. JPMorgan paid more than $1 billion in penalties tied to the trades, including settlements with the Commodity Futures Trading Commission, the U.S. Securities and Exchange Commission, the Office of the Comptroller of the Currency and the U.K.’s Financial Conduct Authority.
Other recent Fed enforcement actions include a $50 million penalty last month against RBS, which is based in Edinburgh. The Fed faulted the firm for inadequate risk management and legal-review policies that are needed to prevent transactions with countries subject to U.S. economic sanctions.

Libor, ISDAfix

Authorities are looking for manipulation in a widening list of benchmark financial rates, including the London interbank offered rate, or Libor, and ISDAfix, used to determine the value of interest-rate derivatives.
“Because foreign-exchange regulation is largely nonexistent, the task falls to the Fed to use its regulatory powers to ensure that the banks address all controls associated with currency trading,” Frenkel said.
The Fed hadn’t traditionally focused on rate setting until the Libor-rigging cases, which embarrassed banking regulators, Federal Financial Analytics’s Petrou said.
Foreign-exchange dealers from the world’s biggest banks told the Federal Reserve Bank of New York the global probe into manipulation of currency rates could prompt an overhaul of the way they handle customer orders, minutes from the Nov. 13 meeting released by the central bank show.
Currency chiefs from banks including JPMorgan, London-based Barclays and Citigroup met with six officials from the New York Fed at a meeting of the Foreign Exchange Committee -- an industry group sponsored by the New York Fed -- according to minutes released by the group.
“Private sector members suggested that any investigations and/or supervisory activity related to this subject could eventually result in recommended changes to best practice guidance,” according to the minutes from the meeting, which was hosted by JPMorgan.
To contact the reporters on this story: Keri Geiger in New York at kgeiger4@bloomberg.net; Caroline Salas Gage in New York at csalas1@bloomberg.net
To contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net; Chris Wellisz at cwellisz@bloomberg.net
Visit stage3alpha at: http://s3alpha.net/?xg_source=msg_mes_network


Members of U.S. Congress who are leaving office


40 UNITED STATES REPRESENTATIVES & SENATORS ANNOUNCE PLANS TO LEAVE SEATS IN CONGRESS

Posted by EXOGEN on February 5, 2014 at 10:44am

Factbox: Members of U.S. Congress who are leaving office

WASHINGTON Tue Feb 4, 2014 3:07pm EST
  • inShare1
  • Share this
  •  
  • Email
  • Print
Rep. Henry ''Trey'' Radel (R-FLA) talks to the local media during a news conference at his district office in Cape Coral, Florida, November 20, 2013. REUTERS/Steve Nesius
Rep. Henry ''Trey'' Radel (R-FLA) talks to the local media during a news conference at his district office in Cape Coral, Florida, November 20, 2013.
Credit: Reuters/Steve Nesius

Related Topics

(Reuters) - Forty U.S. representatives and senators have announced plans to leave their seats in Congress in advance of mid-term elections in November, including 22 Republicans and 18 Democrats.

The latest to announce his departure was Representative Rob Andrews, a 12-term Democrat from New Jersey.
U.S. HOUSE OF REPRESENTATIVES

Republicans currently control the House 232 to 200 with three vacancies. There will be a fourth vacancy when Andrews resigns from Congress later this month and joins a law firm.

Departing House Republicans (19) Representative Trey Radel, Florida (served less than one full term, resigned) Representative Shelley Moore Capito, West Virginia (six terms, seeking Senate seat) Representative Paul Broun, Georgia (three terms, seeking Senate seat) Representative Bill Cassidy, Louisiana (three terms, seeking Senate seat) Representative Phil Gingrey, Georgia (six terms, seeking Senate seat) Representative Jack Kingston, Georgia (11 terms, seeking Senate seat) Representative Michele Bachmann, Minnesota (four terms) Representative John Campbell, California (five terms) Representative Tom Cotton, Arkansas (one term, seeking Senate seat) Representative Spencer Bachus, Alabama (11 terms) Representative Tim Griffin, Arkansas (two terms) Representative Jon Runyan, New Jersey (two terms) Representative Steve Daines, Montana (one term, seeking Senate seat) Representative Howard Coble, North Carolina (served 15 terms) Representative Steve Stockman, Texas (two terms, seeking Senate seat) Representative Frank Wolf, Virginia (17 terms) Representative Tom Latham, Iowa (10 terms) Representative Jim Gerlach, Pennsylvania (six terms) Representative Buck McKeon, California (11 terms)

Departing House Democrats (13) Representative Rob Andrews, New Jersey (12 terms) Representative Henry Waxman, California (20 terms) Representative Bruce Braley, Iowa (four terms, seeking Senate seat) Representative Gary Peters, Michigan (three terms, seeking Senate seat) Representative Colleen Hanabusa, Hawaii (two terms, seeking Senate seat) Representative Michael Michaud, Maine (six terms, seeking governorship) Representative Jim Matheson, Utah (seven terms) Representative Carolyn McCarthy, New York (nine terms) Representative Mike McIntyre, North Carolina (nine terms) Representative George Miller, California (20 terms) Representative Bill Owens, New York (two terms) Representative Jim Moran, Virginia (12 terms) Representative Allyson Schwartz, Pennsylvania (five terms, seeking governorship)

U.S. SENATE
Democrats currently control the Senate, 55-45.
Departing Senate Republicans (3) Senator Saxby Chambliss, Georgia (two terms) Senator Tom Coburn, Oklahoma (two terms) Senator Mike Johanns, Nebraska (one term)

Departing Senate Democrats (5) Senator Tom Harkin, Iowa (five terms) Senator Tim Johnson, South Dakota (three terms) Senator Carl Levin, Michigan (six terms) Senator Jay Rockefeller, West Virginia (five terms) Senator Max Baucus, Montana (six terms, leaving once confirmed as U.S. ambassador to China)
Sources: Reuters, House Press Gallery, Senate Periodical Press Gallery
(Compiled by the Washington Breaking News Team)

HSBC, Citi suspend traders as FX probe deepens

Sent: Wednesday, February 5, 2014 9:53:09 AM
Subject: Fwd: HSBC, CITI SUSPEND TRADERS AS FX PROBE DEEPENS (ILLEGAL CURRENCY MANIPULATION)
and this one


HSBC, Citi suspend traders as FX probe deepens

By Steve Slater and Clare Hutchison
LONDON Fri Jan 17, 2014 2:48pm EST
The logo of HSBC bank is seen at its office in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren
The logo of HSBC bank is seen at its office in the Canary Wharf business district of London April 1, 2013.
Credit: Reuters/Chris Helgren

Related Topics

(Reuters) - HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified.
Regulators from the United States arrived in London this week, stepping up an investigation in which they are working with Britain's financial watchdog to determine whether traders at some of the world's biggest banks colluded to manipulate the $5.3 trillion-a-day foreign exchange market.
The investigations center on senior traders' communication of client positions via electronic chatrooms, which featured prominently also in a probe into the rigging of a key interest rate known as the London interbank offered rate, or Libor.



As the currency investigation ramps up, the banks themselves are scrutinizing their employees more closely and most are now carrying out internal investigations.
Sources told Reuters that Deutsche Bank suspended several traders in New York this week, while U.S. regulators descended on Citigroup's London offices.
A spokesman for HSBC confirmed the bank had suspended two FX traders in London, but declined further comment.
The two HSBC traders suspended are Edward Pinto and Serge Sarramegna, said a person with direct knowledge of the situation.
Their positions were not known, but Sarramegna has in the past been head of the G10 spot FX desk, according to numerous reports. Both men are listed as active on the UK regulator's register of financial industry professionals.
The two men could not immediately be reached at their office phones or company email addresses. Sarramegna could not be reached at his home in Essex, 28 miles (45km) east of London.
A Citigroup spokesman said two FX traders had been sent "on leave".
The Citi traders are London-based Anthony John and Andrew Amantia, who works in New York, a source with knowledge of the matter said. Both are G10 spot currency traders at the U.S. bank.
The source said the men were suspended on Thursday as a result of investigations into chatroom communications.
Neither man could be reached at their office telephone numbers.
Several traders at several banks have been suspended or sent on leave. Citi last week fired its head of European spot foreign exchange trading, Rohan Ramchandani, following a prolonged period on leave, one source with knowledge of the matter said.
Deutsche Bank, Citi and HSBC are three of the biggest players in the FX market.
Britain's Financial Conduct Authority began a formal investigation into the currency market in October and the U.S. Justice Department is also investigating possible manipulation.
The FCA is focusing on around 15 banks, whom it has asked for - or required to provide - information about currency trading activities.
(Reporting by Steve Slater and Clare Hutchison; Editing by Sophie Walker)
Visit stage3alpha at: http://s3alpha.net/?xg_source=msg_mes_network

To control which emails you receive on stage3alpha, click here

UBS says class action lawsuits filed against it in forex probe

Sent: Wednesday, February 5, 2014 9:48:39 AM
Subject: REUTERS: CLASS ACTION LAWSUITS FILED AGAINST UBS BANK FOR ILLEGAL CURRENCY MANIPULATION
Ms. D.  fyi


UBS says class action lawsuits filed against it in forex probe

ZURICH Tue Feb 4, 2014 1:10am EST
(Reuters) - UBS (UBSN.VX) said on Tuesday several class action lawsuits relating to a probe into possible manipulation of the foreign exchange market had been filed against it and other banks.
The actions, filed since November, allege collusion by the defendants, and assert claims under antitrust laws and for unjust enrichment, the Swiss bank said in its quarterly report.
UBS said it had not yet filed a responsive pleading to the actions.
In slides released alongside its quarterly report, the Swiss bank said it expected elevated charges for litigation, regulatory and similar matters through 2014.
UBS is one of a number of banks cooperating with a global investigation in to possible rigging in the $5.3 trillion-a-day foreign exchange market.
Regulatory authorities are looking at whether traders at some of the world's biggest banks colluded to manipulate benchmark foreign-exchange rates used to set the value of trillions of dollars of investments.
(Reporting by Alice Baghdjian and Katharina Bart. Editing by Carmel Crimmins)
Visit stage3alpha at: http://s3alpha.net/?xg_source=msg_mes_network