Free Republic

A recent U.S. Supreme Court decision to review a case called Fischer v. United States, which experts say could weaken prosecutors’ hand in hundreds of Jan. 6 cases, including former President Donald Trump’s, is already upending some defendant cases and sentencing proceedings.In December, the Supreme Court decided it would take up the appeal by Jan. 6 defendant Joseph W. Fisher of the Biden administration’s novel use of an Enron-era evidence-tampering law to prosecute hundreds of defendants for obstruction of Congress during the Jan. 6, 2021, Capitol incident.The obstruction of Congress charge—which carries a sentence of up to 20 years in...

Hundreds of cases, including Trump’s, will be affected if the top court strikes down the government’s use of an ‘obstructing an official proceeding’ charge. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Supreme Court will strike down the use of a key federal law in the Biden administration’s ongoing prosecutions of Jan. 6 defendants and in the process shut down the government’s case against hundreds of defendants, legal experts predict. If the top court finds an Enron-era obstruction law—18 U.S. Code Section 1512(c)—is being used improperly against the defendants, their charges are likely to be thrown out. At issue is the evidence-tampering provision that appears in...

The Subprime home mortgage collapse...a Primer. It's ALL about the CRA of 1977 Community Reinvestment Act (CRA) of 1977 - This required banks to offer credit throughout their entire market area for “underserved” populations and small businesses. The CRA gave incentives to help low income borrowers become “home owners”. Liberals call this group “low income borrowers”. Conservatives call them a RISK!The CRA was passed by the Carter administration. In 1995 the Clinton administration authorized subprime loans under the CRA. Democrats added these provisions for the securitization of subprime loans and then ENFORCED the lending to high risk individuals. By 2000,...

Internal Audit's Sarbox Role Institute spells out the tasks internal auditors should perform in a corporation's compliance with Sections 404 and 302 of the act. Stephen Taub, CFO.com August 06, 2004 The Institute of Internal Auditors (IIA) has trotted out a position paper recommending the role internal auditors should play in a corporation's compliance with Sections 302 and 404 of the Sarbanes-Oxley Act. While Sarbox spells out the roles of management, audit committees, and external auditors, it's silent on the parts internal auditors must play, the trade group stresses. The 13-page paper, available on the IIA's Web site, suggests that...