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September 20, 2016

“Too Big to Manage…Too Big to Regulate” — Senators Say Wells Fargo Shows Need to Break Up Banks

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Wells Fargo CEO John Stumpf appeared before the Senate Banking Committee on Tuesday to assuage lawmakers’ concerns about the massive bank’s management practices. Instead, some questioned if the firm should even legally exist. Stumpf apologized for recent revelations about the bank, which was found to have opened more than 2 million accounts in their customers names, without proper authorization, to boost sales numbers. But he stressed that the wrongdoing was carried out by “only one percent” of the bank’s total workforce of 100,000 employees. Senators…

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Watchdog Demands Probe of U.S. Forest Service’s Trail of Tears Desecration

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A Washington, DC-based oversight group is demanding a federal probe into how a nearly a mile long section of the Trail of Tears was ripped up during an unauthorized construction project at the sacred site. Public Employees for Environmental Responsibility (PEER) filed a complaint with the Department of Agriculture’s Secretary and Inspector General, calling for an investigation into the US Forest Service, which oversaw the damage to the historic trail. “This is one the most blatant official desecrations of a sacred site in modern American…

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Trump Sticking With Christie As Transition Team Head, Despite Bridgegate Revelations

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Donald Trump said that he would stick with Gov. Chris Christie (R-N.J.) as the leader of his transition team, the day after federal prosecutors said that Christie was aware of a 2013 bridge closure, which had been ordered in retaliation for the lack of a political endorsement. In a statement made to The New York Times, the Republican Presidential nominee lauded Christie, giving no indication he would drop the embattled governor. “I have known and liked Chris for 15 years,” Trump said. “After his recent…

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