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Prosecutors are examining whether Golden West Financial, which Wachovia acquired in 2006, fraudulently lured borrowers into mortgages, such as by switching them into more expensive loans or falsifying financial information so they could qualify, Russoniello said. His office and SEC investigators in San Francisco are also scrutinizing whether the banks misled investors about the quality of Golden West's loans, he said.
``We are looking down, in terms of what borrowers were told, and we're looking up at what investors were led to believe,'' Russoniello said in an interview today. He characterized the inquiry as preliminary.
Originally posted by warrenb
Dow Jones drops almost 5% today ~ 8,015.92 -408.83
(20 min before closing bell)
we have several different layers of password entrances
by Sunday morning you will get the first password
after yourself and the other 10 or so then the password scheme will transfer to another robust system
no content leaks or posting or conversation of content to anyone at any time
no password sharing
This is, of course, preliminary. There are folks that have earned passwords via 'Caption' award, post content and interest, and chat communications. I am sure R~~ has other 'algorithms' he will use at his discretion, however, the folks that are receiving the passwords should have been contacted. R~~ can be stretched at times and may have missed some, I am sure he will let me know.
Good luck all and the time for the agenda grind has come...
Former Senate Majority Leader Tom Daschle (D-S.D.) will be secretary of health and human services in the Obama administration, with the delicate mission of shepherding a health care bill through Congress at a time of punishing budget constraints, two senior Democratic officials said.
Daschle was also considered for health care czar in the White House, but President-elect Barack Obama’s transition team decided he could be more effective with “Secretary” in front of his name.
“Of all the proposals that Obama wants to enact, health care requires the most input and tough negotiations,” one of the Democratic officials said. “No one knows the House and Senate like Tom Daschle.”
Daschle was also considered for White House chief of staff before that post went to Rep. Rahm Emanuel (D-Ill.).
Daschle, who will be 61 next month, will focus on what the official called the “30,000-foot” part of the job, with powerful deputies handling day-to-day matters. “He’s going to do the broader perspective,” the official said.
Daschle was an early mentor of Obama's, encouraging the freshman senator to consider running for president despite the long odds. Daschle helped line up support for Obama in the Senate — and after losing his reelection fight in 2004, Daschle sent his key operatives and aides to work for Obama in his Senate office and his presidential campaign.
He is not a registed lobbyist, but he works as a "special public policy adviser" at the law firm Alston & Bird, advising clients on public policy related to financial services, health care, energy, telecommunications and taxes, according to the firm's website.
Daschle's wife, however, is one of Washington's top lobbyists. Linda Daschle, a former deputy administrator of the Federal Aviation Administration, represents airlines, airports and aviation manufacturers as a lobbyist with Baker Donelson. She recused herself from lobbying the Senate while her husband served there, and might have to wade through a similar thicket with him taking the health and human services post.