Wednesday, 22 October 2014
Last updated 1 hour ago
Jul 10 2013 | 12:30pm ET
Former Bridgewater Associates general counsel James Comey's nomination to lead the Federal Bureau of Investigation has hit a speed bump.
Sen. Rand Paul (R-Ky.) said he will seek to block consideration of Comey's nomination until current FBI Director Robert Mueller answers more questions about domestic drone use. Paul asked Mueller for more specifics on the program yesterday.
"Legitimate questions on important government functions should not be ignored," Paul wrote. "These questions are easily answerable and primarily questions of fact, so I respectfully request again that you provide answers to my questions. Without adequate answers to my questions, I will object to the consideration of [Comey's] nomination and ask my colleagues to do the same."
Comey appeared before the Senate Judiciary Committee yesterday, answering questions about his time at the Justice Department under President George W. Bush. Comey made a name for himself when he refused to reauthorize the National Security Agency's domestic wiretapping program, but has been criticized for authorizing waterboarding of suspected terrorists.
During the hearing, Comey told the panel that he objected to the use of waterboarding, but that his "argument was rejected" by Attorney General Alberto Gonzales. "He disagreed with me, and overruled me."
Comey said he believes that waterboarding "is torture and is illegal."
The panel was largely commending of Comey, a Republican, with the chairman, Sen. Patrick Leahy (D-Vt.) saying he "showed courage and independence." Sen. Orrin Hatch (R-Utah) said that while ABC had called Comey a "folk hero for Democrats," "I don't think this is a cause for concern on this side of the aisle."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...