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Stories of Interest
- White House Now Doesn’t Dispute Details of Trump's Call with Army Widow
- Goldman Sachs’ Lloyd Blankfein Just Threw Some Serious Brexit Shade
- Guggenheim Partners ‘Bank Wrecker’ Could Get $100Mn Exit Package
- Proposed Arbitration Rule Change: For Customers Dealing with an Inactive Firm or Associated Person
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
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NEWSLETTERS & ALERTS
Preet Bharara Will Not Resign as U.S. Attorney - Report
Then again, if Bharara were to resign, President Trump and Attorney General Sessions could refuse to accept it - and refuse to accept the resignations submitted by other selected U.S. Attorneys.
Because it is not unusual for a new President to request the resignations of all U.S. Attorneys who were appointed by previous administrations (especially where a new party has taken office), who is in a position to say that it is inappropriate for Trump to ask that ALL attorneys resign - even those whom the President wishes to retain? To criticize the Trump administration - which CNN and other media outlets are doing - is short-sighted at best, or biased at worst.
That said, U.S. Attorney Preet Bharara, who is the prosecutor for the Southern District of New York, will apparently refuse to submit his resignation. That could set up a showdown on Monday with the Justice Department. White House and DOJ officials have not yet commented on how, if at all, they will handle Mr. Bharara and any other federal prosecutor who refuses to resign.
The Southern District covers Manhattan, the Bronx, Westchester and other counties north of New York City. The Eastern District of New York covers Brooklyn, Queens, Staten Island and Long Island.