Lawmakers Will Chase SocGen Like a 'Hound From Hell,' Sen. Kennedy Says

Lawmakers Will Chase SocGen Like a 'Hound From Hell,' Sen. Kennedy Says

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the SEC's charges against Alan Stanford for a Ponzi scheme, efforts to recover lost investments, and the challenges faced by victims, particularly in Louisiana. Senator John Kennedy is actively involved in seeking justice for the victims. The conversation also touches on the debt ceiling, government spending, and the President's use of emergency powers to fund the border wall, highlighting the political and legal complexities involved.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Which state did many of the investors affected by Stanford's scheme come from?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What position does the Securities Investor Protection Corporation (SIPC) take regarding the losses from Stanford's scheme?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions are Senator Kennedy and Senator Cassidy planning to take regarding the recovery of funds?

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