Audrey Strauss Quotes
As alleged, David Hu directed a multimillion-dollar, years-long scheme to defraud investors. Putting profit ahead of his fiduciary duties, Hu allegedly mismarked millions of dollars of loan assets to cover up millions in losses. Hu also created fake entities and loans, and falsified paperwork to deceive auditors and avoid detection.
Strauss, Audrey. "Managing Partner and Chief Investment Officer of New York Investment Adviser Charged with Multimillion-Dollar Fraud Scheme." United States Department of Justice, 17 July 2020.
Furgeson was running, with his wife as proxy, against the incumbent Texas governor who proudly announced that the state auditor had reported the state's books and budget were in balance.
At the time of this interview there had been a decade of business fraud at many different levels. The regulatory agencies supposedly responsible for the regulation had neither the staff or the political will to even enforce the laws and regulations then in existence and there were many loopholes in those. Many business interests opposed all regulation and strict enforcement as a diminution of the health of the economy. Others, like Greenspan, saw fraud as corrupting the markets themselves and therefore the usual capitalistic economic competitive forces that would control business do not operate with extensive fraud.
Greenspan was not the amoral fool that this quotation makes him seem. Despite the fact that he was the most important financial officer of the country, he had an ideological faith that a free market was self-corrective in a democracy. The financial industry would police itself he believed. He also trusted the self interest of the financial corporations to restrain them from getting too greedy -- {637989}. He and many others were wrong and most Americans paid the price.
Here is another example of “the good old days” phenomenon. Similar complaints are made in most generations about most vices.
At the fall of the Soviet Union, the sell off of much of the state assets to private enterprise fell into the control of a few, so called oligarchs. Many of these looted the enterprises that they controlled. None the less, they were considered leading citizens and many were politicians.
The conclusion that almost all scientists who have studied the problem of climate change and global warming us that there is a substantial change ongoing. That conclusion is reached as the result of literally thousands of observations and studies about the many aspects of climate change. Like any other science, a number of studies have flaws and there are many who fear that government funds will be used to cope with climate change at a cost to the economy. They point to the flaws of individual studies or researchers and have spent millions of dollars to produce uncertainty into the mind of the pubic and politicians. Science, however, ALWAYS has uncertainty and flaws are ALWAYS discovered in established scientific principles. It does not mean that these larger theories and principles are wrong if several of the studies or points are wrong and are understood in a larger and more sophisticated context. Einstein’s Theory of Relativity could be foolishly be called wrong because Einstein did not take account of what would become Quantum Mechanics and there were some contradictions. None the less Relativity is still the most important physical discovery of all time and influences all thinking in physics even though he could not account for the very small physics of quarks, electrons and other atomic particles.
He was addressing the technique of the Special Prosecutor who had been appointed to investigate the relationship between the Donald Trump presidentical campaign and the Russian interference with the 2016 Presidential Campaign
Audrey Strauss, unanimously appointed Strauss as U.S. Attorney for an indeterminate term.
