Finks lawyers fight to save gold coast chapter $8million
A former federal judge who was removed from his position by then-Treasury Secretary Timothy Geithner has sought to revive his case against the Federal Reserve.
Richard K. Hinks is pursuing his appeal, which the US Court of Appeals for the District of Columbia Circuit threw out earlier this year because it said the case could not be heard in the Federal Capital region.
The Supreme Court of the United States last month overturned the decision of that court’s most recent term that struck down part of the landmark 2001 Glass-Steagall Act that separated commercial and investment banking.
The court said the statute did not apply to financial services businesses but that the agency’s rules prohibiting banks from investing money in private equity firms at risk of going out of business could still apply to financial services.
Justice Robert L. Wilkins wrote the majority opinion, saying the statute had never been “more 바카라than a general reference to a need for a separation between investment banking activities and the private banking sector”.
The case was filed with the D.C. office of one of the US’s best known law firms, Mayer Brown. The attorney representing Mr Kinkhof said the ruling would help defend the banks.
“There is no reason why the same rule, the same rationale, can’t be applied on investment banking entities too,” said Mr. Hinks, who was brought on board to supervise the Justice Department’s enforcement against the mortgage fraud ring while still the chief executive of the New York-based investment bank Bear Stearns.
The Fed’s efforts to get the case before the Court of Appeals for the 9th Circuit have been stalled for some time, and the agency sought permission to file briefs in court in Decem예스카지노ber before federal judges in Washington and Richmond, Virginia. Federal judges denied Mr. Hinks’s motion in January but allowed him to go forward.
Barry Goldwater ‘took credit for bringing banks and investment banks together’ in 1965 Read more
Mr Hinks has written that Mr Wilkins, who replaced Wilbur Ross as the chief executive of the Federal Reserve in 2013, was acting against the advice of the president.
“Treasury’s interest is more compelling when you have a case that the president is playing a lead role in developing,” said Mr Hinks, who serves on a panel investigating the economic effects of a financial crisis and the risks to the country’s financial system. “바카라We really need to know exactly who on Treasury’s advisory council that made thos