Justice John Paul Stevens on the Past and the Future

John Paul Stevens Looks Back on Nearly a Century of Life and Law, but Worries About the Future: (“John Paul Stevens spent more than a third of his near-century on Earth at the Supreme Court, where he often was on a different page from a majority of his fellow justices. * * * ‘It happens so often that you have to get used to losing,’ Stevens, 99, said during an interview this last week at his condominium here, just steps from the Atlantic Ocean. My batting average was probably pretty low.’ * * * But one particular loss lingers and, Stevens says, brings grim reminders almost weekly: the court’s 2008 decision in District of Columbia v. Heller, which found the Second Amendment protects a right to individual gun ownership unrelated to possible military service. * * * ‘Unquestionably the most clearly incorrect decision that the Court announced during my tenure on the bench, Stevens writes in his new memoir,‘The Making of a Justice.’“)

State Attorneys General Ask Congress to Approve Marijuana Money Banking

38 Attorneys General Ask Congress to Bring Marijuana Money into Banking System: (“The attorneys general of 38 states and territories sent a letter to congressional leaders on Wednesday, urging them: Please, let us bank the money generated by the country’s booming cannabis business. * * * Most states and several U.S. territories have legalized medical marijuana, and 10 states and the District of Columbia have legalized adult recreational use. But federal law still considers marijuana illegal, which exposes banks to legal risk if they handle weed-related money or transactions. * * * ‘This is simple: Not incorporating an $8.3 billion industry into our banking system is hurting our public safety and economy,’ California Attorney General Xavier Becerra, one of the signatories, said in a statement. ‘The SAFE Banking Act would reward taxpayers and small and local licensed businesses who play by the rules. We urge Congress to pass legislation to meet the demands of our growing economy.'”)

Judge Jails Hedge Fund Founder

Platinum Partners founder Mark Nordlicht Jailed for Intimidating Prosecutor During Federal Trial: (“A federal judge in Brooklyn jailed the founder of defunct hedge fund Platinum Partners after government lawyers said he accosted a prosecutor during a break in his trial. * * * Mark Nordlicht, Platinum’s founder and former chief investment officer, is on trial for allegedly defrauding investors. Federal prosecutors have accused Mr. Nordlicht and others of faking the firm’s performance figures to collect a hefty cut of all investment gains. Mr. Nordlicht has pleaded not guilty.”)

Former US Border Patrol Chief to Head ICE

President Trump Selects Mark Morgan to Lead ICE: (“President Trump has named Mark Morgan, a former FBI agent and veteran of the Obama administration, as the new head of Immigration and Customs Enforcement. * * * The president announced Morgan’s selection in a tweet on Sunday, writing, ‘I am pleased to inform all of those that believe in a strong, fair and sound Immigration Policy that Mark Morgan will be joining the Trump administration as the head of our hard working men and women of ICE. Mark is a true believer and American Patriot.'”)

SAFE Banking Act Vote Next Week

Wall Street Awaits Cannabis Banking Vote in Congress Next Week: (“Analysts are keeping a close watch on a House committee vote scheduled for Tuesday on a bill to get cannabis industry cash off the streets and into bank accounts.  Called the ‘SAFE Act,’ the measure would allow banks to service cannabis companies that comply with state laws. * * * The vote is likely to come on March 26 and the measure will probably pass, analysts say, even though some Republicans are said to have raised questions about measures designed to prevent money laundering and ensure compliance with bank secrecy laws.”)