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FDIC Sexual Harassment Crisis
The Federal Deposit Insurance Corporation (FDIC) has recently come under scrutiny due to revelations of widespread sexual harassment within the organization. An independent review has unveiled numerous allegations, pointing to a significant issue within the agency. Here are the key details and sources regarding this crisis:
Key Findings
Investigation and Report:
- Independent Review: The law firm Cleary Gottlieb conducted an independent review commissioned by the FDIC’s Special Review Committee. This review included accounts from over 500 current and former employees.
- Culture and Tolerance: The report described a “patriarchal, insular, and risk-averse culture” within the FDIC, where harassment and bullying were tolerated by senior leaders for years.
Incidents and Allegations:
- Harassment and Bullying: Numerous incidents of sexual harassment, discrimination, and bullying were documented. The behavior included senior executives pursuing romantic relationships with subordinates and creating a hostile work environment.
- Retaliation: Employees who reported harassment often faced retaliation rather than support.
Reactions and Consequences
FDIC Response:
- Apologies and Commitments: FDIC Chair Martin Gruenberg expressed remorse for the findings and committed to implementing the report’s recommendations, including establishing an anonymous hotline for reporting misconduct and ensuring better support for victims.
Lawmakers’ Reactions:
- Calls for Accountability: Both Republican and Democratic lawmakers have called for significant changes at the FDIC, with some demanding Gruenberg’s resignation due to his role in the ongoing issues.
Recommendations and Reforms
Proposed Reforms:
- Anonymous Reporting: Establishing a hotline for anonymous reporting of misconduct.
- Transparent Processes: Developing a more transparent process for handling complaints.
- Support for Victims: Ensuring better support and protection for victims of harassment.
Impact and Importance
Broader Implications:
Trust and Accountability: The crisis at the FDIC highlights the need for trust and accountability in governmental and regulatory bodies.
Workplace Culture: It underscores the importance of creating a safe and respectful workplace culture, free from harassment and discrimination.
https://www.youtube.com/watch?v=vryf3qTjo34
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This reply was modified 2 months, 2 weeks ago by
Sapna Sharma.
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The January 6th Insurrection refers to the events that took place on January 6, 2021, when a mob of supporters of then-President Donald Trump stormed the United States Capitol in an attempt to overturn the results of the 2020 presidential election. Here is a detailed overview of the events, causes, and aftermath:
Events of January 6, 2021
The Rally:
- “Stop the Steal” Rally: On the morning of January 6th, Trump addressed a crowd near the White House, repeating false claims that the election had been stolen and urging his supporters to “fight like hell” and march to the Capitol.
Storming the Capitol:
- Breaching Security: Around 1:00 PM, rioters breached the Capitol’s security barriers and forced their way into the building, overpowering the Capitol Police.
- Chaos and Violence: The mob vandalized offices, stole items, and clashed violently with law enforcement. Lawmakers were evacuated, and the certification of the Electoral College results was temporarily halted.
Causes and Motivation
Election Fraud Claims:
- False Claims: Trump’s persistent and unfounded claims of widespread voter fraud in the 2020 election fueled anger and distrust among his supporters.
- Role of Social Media: Misinformation spread rapidly on social media platforms, further inciting the mob.
Political Rhetoric:
- Rhetoric: Trump’s rhetoric and that of some of his allies were seen as encouraging violent actions and resisting the peaceful transfer of power.
Aftermath and Response
Immediate Consequences:
- Deaths and Injuries: Five people died as a result of the violence, including a Capitol Police officer. Numerous others were injured.
- Arrests and Charges: Hundreds of individuals involved in the riot have been arrested and charged with various offenses, ranging from trespassing to assault.
Political Repercussions:
- Impeachment: Trump was impeached by the House of Representatives on January 13, 2021, for “incitement of insurrection,” making him the first president in U.S. history to be impeached twice. He was acquitted by the Senate on February 13, 2021.
- Security Measures: Enhanced security measures were implemented in Washington, D.C., including the deployment of National Guard troops and heightened security for the inauguration of President Joe Biden.
Congressional Investigation:
- Select Committee: The House of Representatives formed a Select Committee to investigate the events of January 6th, examining the causes, the response, and the involvement of various individuals and groups.
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“Russian collusion” refers to allegations that emerged during and after the 2016 U.S. presidential election, suggesting that Donald Trump’s campaign worked with or received assistance from the Russian government to influence the election’s outcome in Trump’s favor.
Key points:
- Allegations: Claims included coordination between Trump’s team and Russian officials, Russian hacking of Democratic Party emails, and a disinformation campaign on social media.
- Mueller Investigation: In 2017, former FBI Director Robert Mueller was appointed as special counsel to investigate these claims. His team looked into potential collusion and obstruction of justice.
- Mueller’s Findings: In 2019, Mueller’s report found no direct evidence of a criminal conspiracy between the Trump campaign and Russia. However, it detailed numerous contacts between Trump associates and Russians.
- Obstruction Question: Mueller’s report outlined several instances where Trump might have obstructed justice but did not make a determination, citing DOJ policy against indicting a sitting president.
- Russian Interference: The report and U.S. intelligence agencies concluded that Russia did interfere in the 2016 election to undermine faith in the process and to help Trump’s campaign.
- Political Impact: The allegations and investigation deeply polarized American politics. Trump consistently called it a “witch hunt” and “fake news.”
- Ongoing Debate: While some see the lack of criminal charges as vindication for Trump, others argue that the report and subsequent investigations revealed troubling behavior and vulnerabilities in U.S. election security.
The issue remains a topic of significant debate and has had lasting effects on U.S. politics and international relations. It’s important to approach this topic carefully, as interpretations of the events and their significance vary widely.
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“Crossfire Hurricane” was the code name given to the FBI investigation into possible collusion between Donald Trump’s presidential campaign and Russian interference in the 2016 U.S. presidential election. Here are key points about the investigation:
Background
Initiation:
- Launch Date: The investigation was initiated in July 2016.
- Catalyst: It began after the FBI received information from an Australian diplomat about Trump campaign advisor George Papadopoulos, who had mentioned that Russia had damaging information on Hillary Clinton.
Objectives
Main Focus:
- Russian Interference: Investigate the extent of Russian interference in the 2016 election.
- Collusion: Determine whether members of the Trump campaign coordinated with Russian efforts.
Key Events and Findings
Initial Findings:
- Surveillance: The FBI obtained a Foreign Intelligence Surveillance Act (FISA) warrant to monitor Carter Page, another Trump campaign advisor.
- Dossier: The investigation considered the Steele dossier, a controversial document alleging connections between Trump and Russia.
Transition to Special Counsel:
- Mueller Appointment: In May 2017, Special Counsel Robert Mueller was appointed to take over the investigation following the firing of FBI Director James Comey.
Mueller Report:
- Results: Released in April 2019, the report did not establish that the Trump campaign conspired with Russia but documented multiple instances of potential obstruction of justice by President Trump.
- Implications: While it did not result in charges against Trump, it led to various indictments and convictions of individuals associated with his campaign.
Controversies and Criticisms
Political Impact:
- Polarization: The investigation was highly polarizing, with supporters arguing it was essential for national security and critics claiming it was a politically motivated witch hunt.
Inspector General Report:
- Findings: In December 2019, the Department of Justice’s Inspector General released a report criticizing the FBI for significant errors and omissions in the FISA application process but found no evidence of political bias in opening the investigation.
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I can suggest some ways people could support writers in their community:
Purchase books, attend readings/events, and leave positive reviews for authors you enjoy. This provides financial support and helps spread awareness of their work.
Contribute to crowdfunding campaigns, subscription services, or other platforms that allow you to directly fund independent writers and creators.
If you belong to a book club, library group, school, or other organization, you could invite local authors to speak or do readings/workshops.
Promote your favorite writers by sharing about their work on social media or recommending their books to friends and family.
For student or aspiring writers, provide encouragement and constructive feedback on their writing projects. Mentorship can be invaluable.
Support local bookstores, literary journals, writing conferences and other outlets that help connect writers with readers in your area.
The core idea is using your time, money and community connections to raise visibility and create opportunities for writers to share their work and get paid for their craft. Even small acts can mean a lot in supporting the arts.
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This reply was modified 10 months, 2 weeks ago by Dawn.
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This reply was modified 10 months, 2 weeks ago by Sapna Sharma.
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This reply was modified 10 months, 2 weeks ago by
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The question of whether Donald Trump is the “worst corrupt president” of the United States is highly subjective and varies widely depending on political perspectives and interpretations of his actions and policies during his presidency.
Donald Trump’s presidency (2017-2021) was marked by numerous controversies and several allegations of corruption. Some of the major issues included:
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Impeachments: Trump is the only U.S. president to have been impeached twice by the House of Representatives. The first impeachment in 2019 involved charges related to abuse of power and obstruction of Congress concerning his dealings with Ukraine. The second impeachment in 2021 stemmed from charges of incitement of insurrection following the January 6 Capitol riot.
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Conflicts of Interest: Throughout his term, concerns were raised about potential conflicts of interest due to his vast business holdings and their intersection with his duties as president. Critics argued that he profited from his position by receiving payments from foreign governments and businesses to his hotels and properties.
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Handling of Government Resources: Trump faced criticism and legal scrutiny over the alleged use of government resources for personal gain, including directing government business to his privately-owned properties.
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Associations and Pardons: His administration was also noted for its associations with several individuals who were convicted or pleaded guilty to crimes, including his former campaign manager and personal lawyer. Trump issued a number of pardons and commutations to political allies and associates, which some critics viewed as an abuse of his pardoning power.
Historically, the evaluation of presidential corruption can vary over time as additional information comes to light and as historical perspectives shift. Comparisons with other presidents who faced allegations of corruption—such as Richard Nixon (Watergate scandal) or Warren G. Harding (Teapot Dome scandal)—can also inform these assessments.
Ultimately, whether Trump is seen as the “worst corrupt president” would depend on individual analyses of the evidence and comparisons with past presidents facing similar accusations.
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The compensation structure for mortgage loan originators (MLOs) can be complex due to varying state laws and federal regulations. Here’s a clearer breakdown of the key points regarding MLO compensation as W-2 employees or 1099 independent contractors:
Federal Regulations
- Dodd-Frank Act: Under Regulation Z of the Truth in Lending Act, compensation for loan originators can be as W-2 wages or as 1099 income. This regulation acknowledges both forms of compensation without a specific mandate for one over the other. More details can be found in the federal register documents linked in your message.
- HUD Requirements: Direct Endorsement (DE) lenders must compensate affiliated loan originators as W-2 employees for FHA loans. However, third-party originators who are not DE approved by HUD can be compensated as W-2 or 1099 contractors.
- IRS Rules: According to the IRS, the classification of an MLO as a W-2 employee or a 1099 contractor depends on the degree of control the employer has over the work and the worker’s independence. This affects how payroll taxes are handled.
State Requirements
- Varied Requirements: States differ in how MLOs must be compensated. For instance, New Jersey requires W-2 compensation for MLOs to align with employment standards and direct supervision by the licensed lender. Conversely, Florida allows MLOs to be either employees or independent contractors.
- Specific Regulations: Each state has specific regulations that must be directly verified for compliance, as the rules for MLO compensation under state laws vary significantly.
Practical Implications
- Flexibility in Classification: At the federal level, loan originators can be classified as employees or independent contractors, as evidenced by NMLS registration options that include W-2 and 1099 classifications.
- State Compliance: Lenders and MLOs must comply with the states’ laws to avoid legal complications.
In conclusion, while federal law does not mandate specific compensation for loan originators, state laws may impose specific requirements. MLOs and their employers must carefully check state and federal regulations to determine the appropriate compensation structure. This nuanced approach helps to navigate the complexities of MLO compensation across different jurisdictions.
See 12 CFR Part 1026 https://www.federalregister.gov/documents/2013/02/15/2013-01503/loan-originator-compensation-requirements-under-the-truth-in-lending-act-regulation-z#footnote-132-p11352, pg. 11352. See also https://files.consumerfinance.gov/f/201301_cfpb_final-rule_loan-originator-compensation.pdf, pgs. 262-63, 274, and 517. If 1099 compensation were not permissible under the Reg. Z it would have been stated therein. On the contrary, Reg. Z specifically refers to both W-2 and 1099 as types of compensation.
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This reply was modified 11 months ago by Dawn.
federalregister.gov
Loan Originator Compensation Requirements Under the Truth in Lending Act (Regulation Z)
The Bureau of Consumer Financial Protection (Bureau) is amending Regulation Z to implement amendments to the Truth in Lending Act (TILA) made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The final rule implements requirements and … Continue reading
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In Illinois, the compensation structure for loan officers can vary, and it’s essential to understand the rules. Let’s break it down:
- Federal Requirements:
- Dodd-Frank: The Truth in Lending Act (Regulation Z) addresses loan originator compensation. It allows for both W-2 and 1099 compensation. Loan originators can receive income reported on a W-2 or a 1099 form.
- HUD (Department of Housing and Urban Development): FHA-approved lenders must compensate individuals on a W-2 basis. However, this requirement applies only to direct endorsement (DE) lenders writing FHA loans. Third-party originators not approved by HUD do not fall under the W-2 requirement1.
- IRS Common Law Rules: The IRS considers behavioral control, financial control, and the relationship between parties to determine whether compensation should be classified as W-2 or 1099. The responsibility for remitting payroll taxes depends on this classification1.
- State-Specific Regulations:
- While federal law doesn’t mandate W-2 compensation for loan originators, state laws may differ. It’s crucial to check Illinois-specific regulations to ensure compliance.
- NMLS (Nationwide Multistate Licensing System):
In summary, loan officers in Illinois can be paid via 1099, but it’s essential to consider both federal and state requirements. Always consult legal and financial professionals to ensure compliance with the specific rules that apply to your situation.
innovativemlo.com
W-2 vs. 1099 Compensation Not so Fuzzy After All
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- Federal Requirements:
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LOL. Yes, silver keeps on going up. Price of silver per ounce hit $30 per ounce last week. You have the big banks and globalists scared shitless because of being short millions of ounces of silver. Silver is a great buy today and hands down will go over $100 per ounce and has potential of going over $1,000 per ounce.
https://www.youtube.com/watch?v=siWRrg_Uekc&ab_channel=BaldGuyMoney