Wednesday, September 24, 2014

Here is the goods on John Carney and Michael Milken:

Here is the goods on John Carney and Michael Milken:
guest speaker at milken 2014
John Carney
Wall Street Columnist, “Heard on the Street,” Wall Street Journal
John Carney covers all things Wall Street for the “Heard on the Street” column in the Wall Street Journal. Previously he was an on-air reporter at CNBC .
and then:
1.That Carney has an opinion that the federal insider trading laws are bad public policy:
The John Carney assault on insider trading laws has stepped up just prior to and during the expert network investigations that may point to Steve Cohen, a favorite of Goldman Sachs, JP Morgan and other investment banks. I have appreciated Carney’s astute observation about Basel 3 in the past, and John even quoted me once, but I noticed recently that he is speaking at hedge funds. We saw how ineffective that sort of behavior made Larry Summers, who did nothing for mainstreet as Obama’s financial guru. And John considers Michael Milken a great American and Enron as being unfairly prosecuted. Sheesh!
2.Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation. As the result of a plea bargain, he pled guilty to securities and reporting violations but not to racketeering or insider trading. Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission. His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior.Since his release from prison, Milken has funded medical research.[5] He is co-founder of the Milken Family Foundation, chairman of the Milken Institute
3. Who was hired by Milken institute?
Sep 03, 2014
WASHINGTON – The Milken Institute today announced that Edward DeMarco has joined its Washington-based Center for Financial Markets (CFM) as a Senior Fellow-in-Residence to drive the Center’s work on housing finance reform and housing policy issues.
4.What is the Milken institutes motivation for misleading investors in Fannie and Freddie? Demarco is still spewing the shuttering of fannie and freddie since he got the job at Milken. Carney, an arm of Milken, is misleading for price manipulation? Why?

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