Banc of California chief resigns amid SEC inquiry

Remind me to never bank at any bank spelled “Banc.” It’s un-American.

Los Angeles Times:

Steven Sugarman, the chief executive of fast-growing Irvine lender Banc of California, resigned on Monday, the same day the bank announced it is under investigation by the Securities and Exchange Commission.

The bank offered no explanation for Sugarman’s resignation but the move, and the SEC investigation, appear to be continued fallout from questions about insider relationships at the bank and connections between bank insiders and a convicted fraudster.

In an early morning announcement, the bank said that Sugarman, a board member since 2010 and chief executive since 2012, had resigned as chairman and CEO. In a separate announcement, the bank acknowledged it has received a formal investigative order and a subpoena from the SEC.

The bank said the subpoena demands information related to an October press release in which Banc of California laid out its response to a blogger’s allegations that the bank was connected to and possibly controlled by Jason Galanis, an L.A. financier who pleaded guilty to securities fraud charges over the summer.

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European roots of Trump’s ‘America First’

Jacob Siegel writes for Politico:

“The ‘alt-right’ or ‘alternative right’ is a name currently embraced by many white nationalists, neo-Nazis and so called ‘race-realists’ along with a number of other groups in a coalition of the far right. Their ideology emphasizes preserving and protecting the white race in the United States in addition to, or over, other traditional conservative positions such as limited government, low taxes and strict law-and-order,” according to the Associated Press definition.

While nationalists promise anti-immigration policies and protectionist economic measures as a boon to their country’s citizens, relying to various degrees on racial and ethnic undertones to make their case, the alt-right dispenses with citizenship altogether and appeals directly to racial identity.

The alt-right’s love of Europeanism blends racial politics with a quasi-religious faith in a pan-European identity. You can hear this clearly when one of the movement’s leading voices, the white nationalist Richard Spencer, praises Trump as the first politician “who’s fighting for European identity politics in North America.”

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The Forward: ‘Why It’s Just Fine to ‘Frum Shame’ Ivanka Trump and Jared Kushner’

Phoebe Maltz Bovy writes:

As we all know by now, Jared Kushner and Ivanka Trump got special rabbinic dispensation to ride in a car on Shabbat for daddy Donald’s inauguration. This led to a collective Jewish (and general!) eye-roll, but also to demands that we respect the young couple’s religiosity and let them be. Jessica Levine Kupferberg and Andrew Silow-Carroll both made versions of the case that the self-appointed guardians of Shabbat observance should mind their own beeswax Shabbat candles, as it were.

The ‘don’t frum-shame Jared and Ivanka’ take is… well, it’s like ‘don’t kink-shame Donald Trump’ (re: pee-gate) or the ongoing take that it’s mean-spirited and unfair to looks-shame the now-president. Yes, under normal circumstances, you should be respectful of private bedroom activities, and, heck, of the choice to sport orange foundation and an elaborate combover. But just as religious restrictions (such as those about driving on Shabbat) can be broken under special circumstances, so too can etiquette rules along these lines.

Why? Because it’s clear that the Trump looks-shame isn’t about, say, making everyone with small hands feel bad about this, but to get at what would annoy him. So, too, in a way, with the frum-shaming of Jared and Ivanka. It’s not that I’d expect them to be touchy about it, like Donald about his hands. Rather, it’s that the Trumps have invested a lot politically in the image of the couple as a good Jewish family. This fact is used to rebuff the rather heavily substantiated claim that Trump’s rise brought with it a new, right-wing American anti-Semitism. It’s also used, more generically, to suggest that the Trump brand stands for good family values, and not, say, trading a string of wives in for younger models.

So consider this your dispensation: You are totally allowed to frum-shame Jared and Ivanka. You get to do so even if you yourself aren’t pious (am I? is TMZ?), and you can rest easy that you are not, in frum-shaming that particular couple, in some way invading the religious privacy of all observant Jews, or of all converts to Judaism.

So Phoebe wants to go after America’s princess on her observance of Jewish law and anything else she can find.

According to her self-description: “Phoebe Maltz Bovy edits the Sisterhood blog at the Forward. Her writing has appeared in several publications, including The New Republic and The Atlantic. Her book, “The Perils of ‘Privilege,’” will be published by St. Martin’s Press in March 2017. She has a PhD in French and French Studies from New York University, and has read a lot of 19th century French Jewish newspapers for a 21st century American.”

A SEPARATE CASE OF TRUMP HATE:

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Making Money Off Alcoholism

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Report: Los Angeles measles outbreak centers on Orthodox Jewish community

My anecdotal impression is that many traditional Orthodox Jews in Los Angeles do not get vaccinated for measles etc.

REPORT:

A measles outbreak in Los Angeles County, California, is centered on the Orthodox Jewish community, according to reports.
Some 20 people have been infected in the outbreak, with 18 in LA County, 15 of whom, according to the LA County Department of Public Health “either knew one another or had a clear social connection, ” the Los Angeles Times reported over the weekend.
None of the 18 people could show proof of vaccination, according to the health department’s interim health officer Dr. Jeffrey Gunzenhauser. Most of those infected were in their 20s but the infected also included young children and older adults, according to the newspaper.
The outbreak comes six months after California passed a strict vaccine law, making vaccines mandatory beginning in first grade.

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