1
00:00:00,040 --> 00:00:03,680
Speaker 1: Bloomberg Law with June Grosso and Michael Best on demand

2
00:00:03,800 --> 00:00:06,720
Speaker 1: via our Bloomberg Radio Plus app free for iPhone and

3
00:00:06,800 --> 00:00:11,040
Speaker 1: Android devices. Now it's time for our daily Bloomberg Law Brief,

4
00:00:11,160 --> 00:00:14,280
Speaker 1: exploring legal issues in the news. Bloomberg Law host June

5
00:00:14,280 --> 00:00:17,480
Speaker 1: Grasso and Craig Store discussed President lec. Donald Trump's decision

6
00:00:17,680 --> 00:00:21,560
Speaker 1: to keep Freed Parrara as U S Attorney for Manhattan.

7
00:00:21,840 --> 00:00:24,840
Speaker 1: They spoke to Wayne State University Law School professor Peter

8
00:00:24,920 --> 00:00:28,800
Speaker 1: Henning and Columbia Law School professor John Coffee. Peter, the

9
00:00:28,840 --> 00:00:32,640
Speaker 1: Manhattan US Attorney is considered the most powerful of the

10
00:00:32,720 --> 00:00:34,640
Speaker 1: U S Attorneys in the country, and there's been a

11
00:00:34,720 --> 00:00:38,320
Speaker 1: lot of speculation about who Trump would appoint to this

12
00:00:38,600 --> 00:00:42,479
Speaker 1: high profile position. Did this announcement come as a surprise

13
00:00:42,520 --> 00:00:45,000
Speaker 1: to you. Not really. It had been leaked out a

14
00:00:45,000 --> 00:00:49,840
Speaker 1: little bit before, and typically the president looks to local

15
00:00:49,880 --> 00:00:54,279
Speaker 1: Republican leaders to guide this decision. But of course there

16
00:00:54,320 --> 00:00:58,320
Speaker 1: aren't that many senior elected Republicans in New York and

17
00:00:58,880 --> 00:01:02,800
Speaker 1: picking Berrara gives him some political cover. Yeah, there's concerned

18
00:01:02,800 --> 00:01:06,120
Speaker 1: been expressed about the people he's putting into his cabinet,

19
00:01:06,160 --> 00:01:08,160
Speaker 1: that these are members of the Wall Street e leade,

20
00:01:08,440 --> 00:01:11,920
Speaker 1: and certainly Barrar's reputation as someone who is willing to

21
00:01:11,959 --> 00:01:14,800
Speaker 1: take on Wall Streets. So there's some real benefits here

22
00:01:14,840 --> 00:01:17,680
Speaker 1: to keeping him on Jack. How about you? Would you

23
00:01:17,720 --> 00:01:20,480
Speaker 1: have expected Donald Trump to pick his own guy for

24
00:01:20,560 --> 00:01:24,120
Speaker 1: this position. Well, now, for these two people, Bahara and Trump,

25
00:01:24,319 --> 00:01:27,520
Speaker 1: this was a marriage made in heaven for both of them.

26
00:01:27,640 --> 00:01:30,399
Speaker 1: Mr Trump, loved him or hate him, has shown a

27
00:01:30,560 --> 00:01:35,200
Speaker 1: unique ability to understand and even exploit the new populous

28
00:01:35,240 --> 00:01:39,039
Speaker 1: sensibility of the American public, and he's written that to

29
00:01:39,080 --> 00:01:42,280
Speaker 1: the White House. Now. Part of this new popular sensibility

30
00:01:42,760 --> 00:01:47,160
Speaker 1: is the public sense that senior financial executives escaped just

31
00:01:47,400 --> 00:01:50,480
Speaker 1: punishment for the two thousand and eight crisis, and also

32
00:01:50,560 --> 00:01:53,400
Speaker 1: a sense that public corruption is rampant. Most of those

33
00:01:53,440 --> 00:01:57,080
Speaker 1: people who dislike Hillary Clinton believed that she somehow crossed

34
00:01:57,120 --> 00:01:59,320
Speaker 1: the line and committed a legal act or was at

35
00:01:59,400 --> 00:02:02,680
Speaker 1: least capture by Wall Street. Mr Bahara is the single

36
00:02:02,840 --> 00:02:06,800
Speaker 1: clearest figure of someone who has been vividly willing to

37
00:02:06,920 --> 00:02:10,360
Speaker 1: prosecute financial crime and public corruption. So I agree that

38
00:02:10,480 --> 00:02:14,640
Speaker 1: Mr Trump gains greatly from this association, particularly when his

39
00:02:14,720 --> 00:02:17,600
Speaker 1: cabinet will have some former executives from Goldman Sex. For

40
00:02:17,760 --> 00:02:21,440
Speaker 1: Mr Barrara, it's a little speculative. Many people think he's

41
00:02:21,480 --> 00:02:25,320
Speaker 1: got a future political plans and this would be a

42
00:02:25,400 --> 00:02:28,799
Speaker 1: wonderful way to maintain that ability to move to higher

43
00:02:28,840 --> 00:02:32,679
Speaker 1: public office. Remember that Rudy Giuliani moved from U S

44
00:02:32,720 --> 00:02:37,000
Speaker 1: Attorney Bahara's current shob to mayor. Earlier, Tom Dewey, a

45
00:02:37,080 --> 00:02:41,000
Speaker 1: repeated presidential county for Republicans, moved from being a special

46
00:02:41,040 --> 00:02:44,200
Speaker 1: prosecutor of the Mob to governor, and both Eliot Spitzer

47
00:02:44,200 --> 00:02:47,440
Speaker 1: and Andrew Cuomo moved from the attorney general's position to

48
00:02:47,520 --> 00:02:50,040
Speaker 1: being governor in New York State. So if he stays

49
00:02:50,080 --> 00:02:52,400
Speaker 1: in the limelight, I think Mr Bahara is going to

50
00:02:52,440 --> 00:02:56,400
Speaker 1: be an obvious candidate for some higher political office. That

51
00:02:56,560 --> 00:02:59,800
Speaker 1: is Columbia Law School professor John Coffey and Wayne State

52
00:02:59,840 --> 00:03:02,239
Speaker 1: You City Law School professor Peter Henning. They spoke to

53
00:03:02,280 --> 00:03:05,840
Speaker 1: Bloomberg Law hosts June Grosso and Gregg's Store. You can

54
00:03:05,880 --> 00:03:08,680
Speaker 1: listen to Bloomberg Law weekdays at one pm all street

55
00:03:08,720 --> 00:03:12,880
Speaker 1: time here on Bloomberg Radio, and that's this morning's Bloomberg labrary.

56
00:03:12,919 --> 00:03:15,079
Speaker 1: If you can find more legal news at Bloomberg Law

57
00:03:15,120 --> 00:03:18,200
Speaker 1: dot com and Bloomberg b NA dot com. Attorneys will

58
00:03:18,240 --> 00:03:21,440
Speaker 1: find exceptional legal research and business development tools there as well.

59
00:03:21,840 --> 00:03:24,840
Speaker 1: Visit Bloomberg Law dot com and Bloomberg b NA dot

60
00:03:24,880 --> 00:03:28,840
Speaker 1: com for more information. You can listen to Bloomberg Law

61
00:03:29,040 --> 00:03:32,080
Speaker 1: weekday afternoons at four thirty pm Eastern in New York

62
00:03:32,120 --> 00:03:35,680
Speaker 1: on Bloomberg eleventh three oh in Boston on M and

63
00:03:35,760 --> 00:03:38,080
Speaker 1: ninety four point five F m h D two in

64
00:03:38,160 --> 00:03:41,040
Speaker 1: San Francisco on a m and one or three point

65
00:03:41,040 --> 00:03:44,200
Speaker 1: seven F m h D two and Sirius XM satellite

66
00:03:44,280 --> 00:03:45,560
Speaker 1: radio Channel one nineteen