Feb 5, 2018

Lanny Davis agrees with Trump that Comey deserved to be fired

Lanny Davis in 2012. Photo: Leigh Vogel/Getty Images

Lanny Davis, formerly the special counsel for Bill Clinton’s administration and a longtime friend of the Clintons, agrees with Donald Trump on one thing: James Comey should’ve been fired.

Why it matters: Davis’s new book, "The Unmaking of the President 2016: How FBI Director James Comey Cost Hillary Clinton the Presidency," comes out on Tuesday.

The difference between Davis and Trump:

  • Trump fired Comey because he was unhappy with the way the Russia investigation was evolving.
  • Davis told me Comey should’ve been fired by Barack Obama because Comey acted improperly in sending a letter about the FBI's investigation into Clinton's emails 11 days from the 2016 election (which he argues influenced the outcome), and therefore violated Justice Department policy. “Comey’s offense was his overwhelming narcissism,” Davis said.

Polls show the drastic change in support for Clinton before and after Comey sent his letter. And Davis (who wrote the book to get over the grief of Clinton’s loss) would know — he told me he spent nearly 18 hours a day pouring over polls from all sources when he was writing this book.

One quick thing: Rod Rosenstein is another (timely) person Lanny agrees with — the deputy AG disagreed with Comey’s claim that he had to either reveal or conceal Clinton’s emails. “Rod Rosenstein nailed it,” Davis said.

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Sen. Kelly Loeffler liquidates stocks after uproar over coronavirus sell-off

Sen. Kelly Loeffler. Photo: Madnel Ngan/AFP via Getty Images

Sen. Kelly Loeffler (R-Ga.) and her husband Jeffrey Sprecher are liquidating their stock portfolio and moving holdings into exchange traded funds (ETFs) after coming under fire for purchasing and selling roughly $1.4 million in stock just before the market crashed in response to the coronavirus pandemic.

Why it matters: Loeffler, who faces a competitive election fight in November, is one of several senators under fire for selling shares shortly after a private briefing on the coronavirus — sparking accusations of insider trading.

Sanders: "While this campaign is coming to an end, our movement is not"

Addressing his supporters via livestream after suspending his campaign, Bernie Sanders congratulated Joe Biden on his presumptive victory in the 2020 Democratic presidential primary while making clear that his fight for progressive ideas will not end with his candidacy.

What he's saying: "While this campaign is coming to an end, our movement is not. Dr. Martin Luther King Jr. reminded us that 'the arc of the moral universe is long, but it bends towards justice.' The fight for justice is what our campaign has been about. The fight for justice is what our movement remains about."

Fed temporarily lifts Wells Fargo's growth restrictions

Photo: Streeter Lecka/Getty Images

The Federal Reserve said Wednesday it will temporarily lift Wells Fargo’s growth restrictions, which were put in place following the bank’s customer abuse scandals.

Why it matters: The Fed’s only reason for lifting the cap is so Wells Fargo can dole out more loans to struggling small businesses as part of the government’s coronavirus aid package. Earlier this week, the bank said it could only lend a total of $10 billion, thanks to Fed restrictions that it can’t grow its assets beyond $1.95 trillion.