Prime Communication: San Francisco

Tony Bennet's 'I Left My Heart in San Francisco'

http://www.youtube.com/watch?v=ryF9p-nqsWw

http://www.youtube.com/watch?v=mKZzEXhlhfg

Legal English: Quiz 2 / 2012-01

I.    Mark the statements below true (T) or false (F):

1.  _____ The SEC fraud complaint against Countrywide does not charge that the company’s mortgage underwriting guidelines violated federal law.

2.   _____ The SEC action against Countrywide is within US District Court/Central District of California jurisdiction solely because the plaintiffs reside in that district.

3.   _____ The SEC seeks jail time for the three Countrywide executives being charged with fraud.

4.   _____ The Dodd-Frank Act, President Obama’s financial reform law, reduces SEC funding and enforcement authority.

5.  _____ Under Dodd-Frank, security-based swaps (SBS’s), or over-the-counter (OTC) securities, are defined as securities under SEC enforcement authority.

6.  _____ Dodd-Frank allows the SEC to bring fraud cases relating to transactions outside the US.

7.  _____ The Act repeals monetary incentives and employment protections for whistleblowers.

8.  _____ Dodd-Frank will take years to be fully implemented, as the law requires extensive rule-making by various agencies.

9.  _____ The new agencies created by Dodd-Frank will have examination and enforcement authority over all financial institutions.

10.  ____ The Dodd-Frank Act has been praised for adopting a strong version of the Volker Rule.

II.            Use words from the list below to complete the sentences that follow:

________________________________________________________________________

reporting / statute / conduct / bounty / complaint / practices

to mislead / to conceal / to pursue / to originate / to bring

entitled / forthcoming / lax / bankrupt / mortgage-backed

________________________________________________________________________

• The executives’ (1) __________, as well as the company’s (2) __________, caused the regulator to (3) __________ a fraud claim against them.
• Countrywide Financial was not (4) __________ with investors regarding how much risk it was taking.
• The SEC charges that, in their (5) __________, the defendants (6) __________  from investors how dependent their business model had become on the sale of (7) __________ securities.
• They also (8) __________ investors and analysts about how many sub-prime loans they were actually (9) __________ and how (10) __________ their lending criteria were.
• The law now allows for a __________ (11) to be paid to whistleblowers in some cases.

III.           Choose the best options for completing the statements below:

• Justice Kennedy (1) delivered / heard the opinion of the court in the case and, for the most part, all other justices (2) dissented / concurred.
• It is charged that company executives (3) engaged / sustained in fraudulent (4) enforcement / disclosures designed to hide from investors how (5) prudent / exposed they were.
• Countrywide’s business model was highly dependent on the sale of mortgages to the (6) prime / secondary market, and its (7) excessive / underwriting guidelines became extremely (8) wide / narrow.
• All (9) ill-gotten / pursuant gains from fraudulent conduct must be (10) challenged / disgorged.

Legal English: USSC's Ruling on AZ SB1070

USSC Opinion
http://www.supremecourt.gov/opinions/11pdf/11-182b5e1.pdf

HuffingtonPost
http://www.huffingtonpost.com/2012/06/25/arizona-immigration-law-ruling_n_1614067.html

Videos
http://www.google.com.br/#q=arizona+immigration+law+ruling&hl=pt-BR&rlz=1R2SNNT_pt-BRBR381&prmd=imvns&source=lnms&tbm=vid&sa=X&ei=a6XpT5S2Bons8wTJ5ujPDQ&ved=0CDgQ_AUoAw&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=5e359c6a1f48ea18&biw=1366&bih=625

Legal English: Countrywide Financial

SEC Fraud Complaint against Countrywide:
http://www.sec.gov/litigation/complaints/2009/comp21068.pdf

Youtube

SEC sues former Countrywide CEO Mozilo for Insider Trading
http://www.youtube.com/watch?v=Prtx0_1dpYQ

NPR

SEC Charges
http://www.npr.org/templates/story/story.php?storyId=104994027

Mozilo Settlement
http://www.npr.org/templates/story/story.php?storyId=128959719

Bank of America
http://www.npr.org/2011/09/12/140402188/bank-of-america-tries-to-right-acquisition-wrongs

Bloomberg
http://search1.bloomberg.com/search/?content_type=video&page=1&template=tv&q=mozilo

SEC

Fraud / insider trading complaint  (video on page)
http://www.sec.gov/news/press/2009/2009-129.htm

Mozilo settlement
http://www.sec.gov/news/press/2010/2010-197.htm

Prime Communication: More Music

Adele - Someone Like You
http://www.youtube.com/watch?v=hLQl3WQQoQ0&feature=artistob&playnext=1&list=TL6o6j14DA8eo

Lyrics: http://www.metrolyrics.com/someone-like-you-lyrics-adele.html

Bruno Mars - It Will Rain
http://www.youtube.com/watch?v=W-w3WfgpcGg
Lyrics: http://www.directlyrics.com/bruno-mars-it-will-rain-lyrics.html

Bruno Mars - Talking to the Moon
http://www.youtube.com/watch?v=TQ_DPm8dmlo

Lyrics: http://www.directlyrics.com/bruno-mars-talking-to-the-moon-lyrics.html



Rihanna - Where Have You Been
http://www.youtube.com/user/rihannavevo?feature=results_main

Rihanna - We Found Love ft. Calvin Harris
http://www.youtube.com/watch?v=tg00YEETFzg&feature=plcp


Flo Rida - Good Feeling
http://www.youtube.com/watch?v=3OnnDqH6Wj8&feature=artistob&playnext=1&list=TLUumHGjaBHGE


B.o.B - Airplanes
http://www.youtube.com/watch?v=kn6-c223DUU

B.o.B - Nothin' On You
http://www.youtube.com/watch?v=8PTDv_szmL0

Legal English: DOMA Update

Bloomberg: DOMA Ruled Unconstitutional
http://mobile.bloomberg.com/news/2012-05-31/defense-of-marriage-act-unconstitutional-appeals-court-says-1-?category=