- Critics say by naming payment processors in massive enforcement action over debt collection practices, CFPB is implementing its own version of Operation Choke Point [Kent Hoover/Business Journals; Barbara Mishkin, Ballard Spahr; Iain Murray, CEI]
- Green sprout in Amish country: “Bank of Bird-in-Hand is the only new bank to open in the U.S. since 2010, when the Dodd-Frank law was passed” [WSJ via Tyler Cowen; Kevin Funnell on smothering of new (de novo) bank formation; Ira Stoll (auto-plays ad) on growth of non-bank lenders]
- “Quicken Loans Sues DOJ; Claims ‘Political Agenda’ Driving Pressure to Settle” [W$J; J.C. Reindl, Detroit Free Press]
- Shocker: after years of Sen. Warren’s tongue-lashings, some banks consider not giving to Democrats. Is that even legal? [Reuters] “Elizabeth Warren’s Extraordinarily Bad Idea For A Financial Transactions Tax” [Tim Worstall]
- Still raging on: Delaware debate about fee-shifting corporate bylaws as deterrent to low-value shareholder litigation [Prof. Bainbridge first, second, third posts]
- “How a Business Owner Becomes Criminally Liable for How Customers Spend ATM Withdrawals” [Elizabeth Nolan Brown, Reason]
- New York financial regulator pushes to install government monitors at firms where no misconduct has been legally established [Robert Anello, Forbes]
One always hopes for the best, but there are multiple reasons to think that Loretta Lynch will be even less friendly toward liberty issues than predecessor Eric Holder, himself no favorite of this space. “Loretta Lynch zealously defended civil asset forfeiture during her confirmation hearings, and was a devoted practitioner of it as a U.S. Attorney in New York.” She’s a staunch Drug Warrior, too. [Adam Bates, Cato]
P.S. The Leadership Conference on Civil Rights, which bills itself as a “civil and human rights coalition,” worries not about Lynch’s record on police power or, really, any of these issues [Ed Krayewski, Reason]
“The Justice Department and FBI have formally acknowledged that nearly every examiner in an elite FBI forensic unit gave flawed testimony in almost all trials in which they offered evidence against criminal defendants over more than a two-decade period before 2000.” The overstatement of forensic matches favored prosecutors. “The cases include those of 32 defendants sentenced to death,” of whom 14 have either died in prison or been executed. “The FBI errors alone do not mean there was not other evidence of a convict’s guilt.” [Spencer Hsu, Washington Post]
Courageous “I was wrong” column by Jonathan Capehart in the Washington Post on having prejudged the Brown-Wilson confrontation in Ferguson, Mo.:
But this month, the Justice Department released two must-read investigations connected to the killing of Brown that filled in blanks, corrected the record and brought sunlight to dark places by revealing ugly practices that institutionalized racism and hardship. They have also forced me to deal with two uncomfortable truths: Brown never surrendered with his hands up, and Wilson was justified in shooting Brown. …
…it is imperative that we continue marching for and giving voice to those killed in racially charged incidents at the hands of police and others. But we must never allow ourselves to march under the banner of a false narrative on behalf of someone who would otherwise offend our sense of right and wrong. And when we discover that we have, we must acknowledge it, admit our error and keep on marching. That’s what I’ve done here.
Meanwhile, in recent days, writers at National Review and Red State have taken a look at DoJ’s Ferguson report (our earlier post on it) and say conservatives should be in the forefront of criticizing and calling for reform of the police and municipal-court abuses it exposes. [summarized by Conor Friedersdorf at the Atlantic; see also Charles Cooke, National Review, on race and conservatives]
Left and right admitting that the other side had a point on some aspects of Ferguson? It seems as unlikely yet welcome as the sun coming out to shine after this past Northeastern winter.
After charging hard into a market that had been almost entirely dominated by Amazon, Apple found itself facing antitrust charges filed by the U.S. Department of Justice and 33 state attorneys general, culminating in a bench-trial courtroom loss in 2013, now on appeal. I missed it at the time, but a couple of months back Roger Parloff had a write-up at Fortune on why the key Apple executive at the center of the case “says he’d ‘do it again’ – but ‘take better notes.'”
Confirming expectations, the U.S. Department of Justice has announced that it will not file federal civil rights charges against the police officer who shot Michael Brown following an altercation on the streets of Ferguson, Mo. [CBS] Contrary to a visual theme repeated before countless news cameras through weeks of protests, “no, Michael Brown’s hands probably were not up” at the time of the shooting [Wesley Lowery, Washington Post] In the end, “Hands Up — Don’t Shoot” 2014’s iconic protest gesture, was founded in the self-serving, oft-repeated eyewitness account of Brown chum/soon-established-robbery-accomplice Dorrian Johnson. And he was credible why?
At the same time, the report released yesterday by the U.S. Department of Justice makes clear (AP, WaPo) that the Ferguson, Mo. police department was up to its hip in bad practices, ranging from the rights-violative (knowingly baseless arrests and stops, arresting persons for recording police actions) to the cynical (“revenue policing” aimed at squeezing money out of the populace over subjective/petty offenses that include “manner of walking.”)
Whether these bad local police practices are a suitable subject for federal oversight, and where the actually existing U.S. Department of Justice gets off complaining about high-handed and revenue-driven law enforcement given its own sorry track record, are other questions. But any view of Ferguson’s troubles in the back-view mirror should now acknowledge two things: 1) many people rushed to assume Officer Darren Wilson’s guilt who should have known better; 2) even so, there was much to protest in Ferguson law enforcement. (cross-posted, with a new concluding paragraph, at Cato at Liberty).
More links of interest: Don’t miss Conor Friedersdorf’s “parade of horrors” summary of the worst police abuses bared in the DoJ report [The Atlantic]; Alex Tabarrok on the Ferguson “kleptocracy” [Marginal Revolution] and Stephen Carter on “Ferguson and Its Money-Hungry Police” [Bloomberg View]; Scott Greenfield on whether or why to trust in the USDOJ.
“[Attorney General Eric] Holder told POLITICO that between now and his departure… he will call for a lower standard of proof for civil rights crimes.” The Department has now confirmed that it will bring no federal civil rights charges against George Zimmerman in the Florida shooting of Trayvon Martin, and it is anticipated on many sides that it will eventually decline to bring such charges in the shooting of Michael Brown by Ferguson, Mo. police [Mike Allen, Politico]
The burgeoning Moonlight Fire litigation scandal, which has already tarnished government agencies that include the California fire and forestry agency, the U.S. Department of Justice, and the U.S. Forest Service, could also raise questions for California Attorney General and Senate hopeful Kamala Harris. John Fund:
“The misconduct in this case is so pervasive,” [California Superior Court judge Leslie] Nichols wrote, “that it would serve no purpose to attempt to recite it all here.”
Nichols also didn’t spare the office of California Attorney General Kamala Harris, now a candidate for Barbara Boxer’s U.S. Senate seat and a national Democratic star. Nichols wrote that he can recall “no instance in experience over 47 years as an advocate and a judge, in which the conduct of the Attorney General so thoroughly departed from the high standard it represents, and, in every other instance has exemplified.” Judge Nichols then ordered the state to pay Sierra Pacific a whopping $32 million in damages and expenses. Cal Fire denies any wrongdoing, while the offices of Harris and Governor Jerry Brown aren’t talking.
Kathleen Parker [Washington Post/syndicated] on the Sierra Pacific/Moonlight Fire case, in which judicial findings of misconduct by the state of California have now mushroomed into allegations that the U.S. Department of Justice was party to a fraud on the court. Sidney Powell, author of “A License To Lie,” has been calling attention to the case for a while.