Tense YMCA board scrambles to replace CEO amid scandal
David Hammer / Eyewitness Investigator, 26 March 2021
NEW ORLEANS — The Dryades YMCA board of directors held a tense meeting Friday and had to scramble to deal with the retirement of its longtime president and chief executive officer as state and local police looked into allegations of employees’ falsified background checks.
It was the first time the board had met since a scathing letter earlier this month from New Orleans Public Schools alleged fake employee background checks at James Singleton Charter School, a public K-8 school run by and housed in the historic Y in Central City.
The board members gave the Y’s departing president and CEO, Doug Evans, a standing ovation after he made brief comments. He spent 45 years working for one of the few formerly segregated Black YMCA’s left in the country. Evans touted his team’s work supporting and educating the Central City community, providing youth programs and teaching water safety. Continue reading “Article: Tense YMCA board scrambles to replace CEO amid scandal”
Senator Ossoff Drops a Bombshell: “The 12 or 13 Largest Banks” Got the Trillions from the Fed’s Repo Loans Last Year
Pam Martens and Russ Martens: March 3, 2021 ~ Wall Street on Parade
“Nearly all the money went to too-big-to-fail institutions. For example, in one emergency lending program, the Fed put out $9 trillion and over two-thirds of the money went to just three institutions: Citigroup, Morgan Stanley and Merrill Lynch.
“Those loans were made available at rock bottom interest rates – in many cases under 1 percent.”
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U.S. Senator Jack Reed (D-RI) is a minority member of the US Senate Committee on Banking. Reed was elected to Senate in 1996 and has served three terms in the Rhode Island State. Reed earned a master’s degree in public policy from Harvard’s John F. Kennedy School of Government and received a law degree from Harvard Law School. He then became an attorney in private practice, first working as an associate with the law firm of Sutherland, Asbill, & Brennan before moving back to Providence and working for the firm of Edwards & Angell. Reed also served in the U.S. Army and taught economics and international relations as an Associate Professor within the Department of Social Sciences at West Point. He serves on the Appropriations Committee, and Subcommittee on Transportation, Housing, and Urban Development.
United States Senate Committee on Banking
CFTC Orders Two Trading Firms, Bank to Pay a Total of $3 Million for Spoofing
CFTC, 1 October 2019
The U.S. Commodity Futures Trading Commission today announced that civil enforcement actions were filed and simultaneously settled against two trading firms and one bank for violating the Commodity Exchange Act’s (CEA) prohibition on spoofing (bidding or offering with the intent to cancel the bid or offer before execution). These cases were brought in connection with the Division of Enforcement’s Spoofing Task Force.
“As these cases demonstrate, the CFTC is committed to preserving the integrity of our markets—like the financial and precious metals futures markets at issue here—and to rooting out unlawful practices like spoofing,” said CFTC Enforcement Director James McDonald. “We will continue to vigilantly investigate and prosecute misconduct by entities that spoof in our markets.”
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Naked Short Selling is Real – And It’s Fucking Up Our Economy
Vice, 27 June 2012
Unfortunately, like many people out there, I don’t know my ass from my elbow when it comes to the economy. Sure I know a few terms like “recession” and “stock,” but ask me to explain stuff like the “Eurozone crisis” and I’ll get as far as “Apocalyptic omen.” That’s probably why businessmen can get away with pretty much anything; half of their concepts are so convoluted you need to have at least gave a shit about high school calculus to understand them, which most of us didn’t.
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