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Stories of Interest
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
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NEWSLETTERS & ALERTS
Donald Trump & Co.
Donald Trump’s Top-Down Bottom-Up Assault on Justice
by Howard Haykin
Two stories in Tuesday’s edition of the NYTimes addressed this president’s assault on the U.S. Department of Justice:
TOP-DOWN ASSAULT. Donald Trump’s full throttle tweets on Monday served to undermine the multitude of attorneys who serve his administration. He blindsided lawyers in the Solicitor General’s Office who are trying mightily to persuade the Supreme Court to reinstate Trump’s executive order that would limit travel from predominantly Muslim countries.
Trump is also blaming his own Justice Department - AG Jeff Sessions’ Department - for devising a ’watered-down’, ‘politically correct’ version of the ban. Those tweets breached Donald Trump’s behind-the-scenes ‘hostility’ toward Mr. Sessions, who committed the unthinkable when he recused himself from the investigation into Russian meddling in the 2016 election – something that is unprecedented for a president.
Trump not only abhors displays of weakness or admissions of negligence, but he holds Sessions responsible for the appointment of a special counsel who took over the investigation – the penultimate affront on him and his administration.
While Alan Dershowitz justifies Donald Trump’s diatribes as rantings of a client who’s unhappy with his attorneys’ efforts, it’s more likely that Trump has wedged a division between himself and the Justice Department that may never be repaired.
BOTTOM-UP ASSAULT. After firing 93 U.S. attorneys in March, which followed the tendered resignations of many others, Donald Trump has yet to replace a single one. In their absentia, career Justice Department lawyers – for the most part – have filled in as acting U.S. attorneys in their respective local offices. While no doubt capable, these attorneys lack the authority to push forward major policy changes, or simply to fully implement the programs that are mandated by the sitting president.
This situation can, perhaps, be understood or even justified, given this businessman president’s distaste for ‘sweating the details’. But apparently, Trump is taking his disdain for organizational structure outside his inner circle to a higher level by holding back those in his administration who may be seeking to fill the gaping holes in the U.S. Justice Department.
As the NYTimes says in its editorial, “The United States attorneys are only the tip of the iceberg. Mr. Trump has yet to nominate a new F.B.I. chief after firing the former director, James Comey, last month. The Justice Department’s criminal, civil and