Word: lowerers
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...case against Bank of America - the one that was settled, but could now be revived - involves lying on a proxy statement. The good news for Lewis is that proxy fraud generally has lower penalties than regular securities fraud. The bad news is that the bar for proving that one lied on a proxy statement is much lower than for general securities fraud. In proxy fraud, the prosecution just has to prove that Lewis was negligent in not including certain information. The SEC does not have to prove, as is the case in regular securities fraud, that Lewis orchestrated a scheme...
JPMorgan analyst Tien-Tsin Huang says lower interchange fees could also pose a risk. "You could cut it by 20 basis points, but my worry is that if you do that, as [security] innovation goes down, fraud goes up," he says...
...They would’ve given me a ring because this is a mom and pop, super-clean operation.”Harvard may have also offered J.P. Licks a preferential lease on the prime real estate. Petryk said his monthly rent was about 20 percent lower than the rent on similar buildings in the Square not owned by the University.James Gray, associate vice president of Harvard Real Estate Services, said that leasing to J.P. Licks was consistent with “a commitment to local businesses that bring a unique and quality product” to the Square...
...alone an expansion. Ohio, for example, would likely have had to cut back on its existing Medicaid benefits if it hadn't been for the stimulus funds the state received earlier this year. Many people on Medicaid also would be absorbed into the so-called exchanges in which lower-income people would purchase their insurance, a move that some Democrats don't like. "Everybody gets to keep the insurance they have except if you're poor, and that's the State Children's Health Insurance Plans, which is drawn into the exchange, and a lot of Medicaid," Rockefeller said, adding...
...Vidim, head of the lower house defense committee and a lawmaker for Topolanek's Civic Democrats, said the removal of the defense system was a blow to Czech interests. "The first feeling is a great disappointment and disgust over Mr. Obama's cowardice," Vidim said, according to the website of the daily Lidove Noviny. "He performs endless concessions, for example towards Russia. I consider it a betrayal of allies." (Read a Joe Klein blog post on the scrapping of antimissile defenses...