Aruna's Feed
Oct 21, 2014

U.S. national security prosecutors shift focus from spies to cyber

WASHINGTON, Oct 21 (Reuters) – The U.S. Justice Department
is restructuring its national security prosecution team to deal
with cyber attacks and the threat of sensitive technology ending
up in the wrong hands, as American business and government
agencies face more intrusions.

The revamp, led by Assistant Attorney General John Carlin,
also marks a recognition that national security threats have
broadened and become more technologically savvy since the 9/11
attacks against the United States.

Oct 20, 2014

Benghazi attack suspect Khatallah pleads not guilty to murder

WASHINGTON (Reuters) – Ahmed Abu Khatallah, a Libyan militant accused of participating in the September 2012 attack on the U.S. diplomatic compound in Benghazi, Libya, pleaded not guilty on Monday to 17 new charges related to the attack, including some that carry the death penalty.

Khatallah appeared at the brief hearing wearing a green prison jumpsuit with his hair trimmed but long beard intact. He did not speak, and his lawyer, public defender Michelle Peterson, entered the plea on his behalf.

Oct 16, 2014

U.S. Justice Department’s No. 2 official to step down

WASHINGTON (Reuters) – The No. 2 official at the U.S. Department of Justice, Deputy Attorney General James Cole, plans to step down, the latest in a series of departures from top officials at the agency.

Cole’s exit, which the Justice Department announced on Thursday, will add to a growing list of confirmation battles over appointments the Obama administration faces in the coming months, including the top three positions at Justice. Attorney General Eric Holder announced last month that he intends to leave the administration.

Oct 16, 2014

U.S. FBI director warns new phone encryption could thwart probes

WASHINGTON (Reuters) – U.S. FBI Director James Comey on Thursday made his strongest comments yet about encryption features built into new cell phones by Google Inc and Apple Inc, warning they could hurt law enforcement efforts to crack homicide and child exploitation cases.

Speaking before an audience at the Brookings Institution think tank, Comey said the new phones, which limit the ability for the companies themselves to access data stored on the units, have “the potential to create a black hole for law enforcement.”

Oct 16, 2014

Two ex-Rabobank traders charged in U.S. with manipulating Libor

WASHINGTON, Oct 16 (Reuters) – Two former derivative traders
for Dutch lender Rabobank were charged on Thursday with
manipulating Libor, the latest actions from a U.S. investigation
into the setting of the benchmark interest rate that has
resulted in charges against nine individuals and $2 billion in
penalties against five banks.

Anthony Allen, who was Rabobank’s global head of liquidity
and finance and managed the bank’s money market desk in London,
was indicted by a federal grand jury in New York, the U.S.
Department of Justice said.

Oct 15, 2014

Former ACLU lawyer to lead U.S. Justice Department civil rights unit

WASHINGTON (Reuters) – A former lawyer with the American Civil Liberties Union will assume a top civil rights post at the U.S. Justice Department, taking control of a unit that is deep into investigations into the Ferguson, Missouri police department and battles over voting rights.

Vanita Gupta, who was the deputy legal director of the ACLU, will become the acting assistant attorney general for the DOJ’s civil division, the Justice Department said on Wednesday. The White House is also expected to nominate her to formally lead the unit, a person familiar with the discussions said.

Oct 9, 2014

Former Fed Chair Bernanke takes stand in AIG bailout trial

WASHINGTON, Oct 9 (Reuters) – Former Federal Reserve
Chairman Ben Bernanke took the stand on Thursday to defend the
U.S. government’s bailout of American International Group
in 2008, in a fourth day of testimony by former top
government officials looking to convince a federal judge that
the rescue of the insurance company was legal.

On Thursday afternoon Bernanke responded with a terse “yes,
sir,” to multiple questions about the extreme conditions in the
fall of 2008 that led to an initial $85 billion bailout loan for
AIG, including a run on money market funds and a commercial
paper market that was in shock.

Oct 8, 2014

Geithner: NY Fed unsure until last minute about AIG loan

WASHINGTON, Oct 8 (Reuters) – Former U.S. Treasury Secretary
Timothy Geithner defended the 2008 bailout of American
International Group Inc for a second day on Wednesday,
struggling at times to respond to increasingly contentious
questions about the government’s efforts to rescue the insurance
company as it stood minutes from bankruptcy.

The questions came in the second week of trial in a lawsuit
brought by Hank Greenberg, a major AIG shareholder until the
bailout and the company’s chief executive until 2005. He
contends the terms of the government $85 billion loan to AIG in
September 2008, which was extended in exchange for a nearly 80
percent stake in the company, cheated its shareholders.

Oct 8, 2014

Geithner: AIG losses were exceptional compared with other firms

WASHINGTON (Reuters) – Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz) for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government’s efforts to rescue the insurance company as it stood minutes from bankruptcy.

The questions came in the second week of trial in a lawsuit brought by Hank Greenberg, a major AIG shareholder until the bailout and the company’s chief executive until 2005. He contends the terms of the government $85 billion loan to AIG, which was extended in exchange for a nearly 80 percent stake in the company, cheated its shareholders.

Oct 7, 2014

Ex-U.S. Treasury Secretary Geithner defends AIG bailout

WASHINGTON, Oct 7 (Reuters) – Former U.S. Treasury Secretary
Timothy Geithner on Tuesday defended the government’s rescue of
American International Group Inc in September 2008,
saying it was necessary to prevent the country from plunging
into a second Great Depression.

Geithner’s comments came in testimony in the trial of a
lawsuit brought by Hank Greenberg, a major AIG shareholder until
the bailout and the company’s chief executive until 2005. He
contends the terms of the government $85 billion loan to AIG
cheated its shareholders.