CEI Today: Bank of America settlement, FedEx, and Big Labor

Monday, August 25, 2014
In the News Today



Eric Holder Avenges Investor Fraud by Taking from Defrauded Investors

Bank of America agreed to fork over $16.65 billion to settle charges it and companies it had purchased had deceived investors. Yet how much from this settlement goes to the investor victims? Nada! In fact, the settlement takes billions from the very investors who were defrauded.
> Read more

> Interview John Berlau



Forbes: Please, FedEx, Fight Back Against Federal Extortion

U.S. Attorney for the Northern District of California Melinda Haag, an Obama appointee, is hunting for bigger game. Flush from shaking down Walmart, Johnson and Johnson, and UPS for tens of millions, she has indicted the FedEx Corporation on drug trafficking and “conspiracy to launder” money charges. The prize purse this time? $1.6 billion. What did FedEx allegedly do? The company shipped prescription drug packages from Internet pharmacies that Haag doesn’t like.
> Read more

> Interview Bill Frezza



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