Rep. Charles Rangel, (D-NY), asks ousted IRS chief Steven Miller and acting IRS Commissioner J. Russell George, who was responsible for the tax scrutiny, and whether the tax law is written for "abuse." And, Rep. Paul Ryan, (R-MI), asks Steve Miller if he is misleading the Committee because he knew in previous testimony targeting was taking place. And, Rep. Jim McDermott, (D-WA), distinguished the difference between "stupid mistakes" and "malicious mistakes." Also, Rep. Devin Nunes, (R-CA), asks Steven Miller if he is willing to release his personal emails, phone records, and personal schedule from 2010 until his resignation.
Rep. David Camp, (R-MI), asks ousted IRS chief Steven Miller and acting IRS commissioner J. Russell George, when they became aware of the tax scandal and who informed them. Also, Rep. Sander Levin, (D-MI), asks if there was "political motivation" involved in singling out organizations for tax-exempt status. And, Rep. Charles Boustany, (R-LA), asks both witnesses if specific "targeting" was not involved, why it seems one political group was singled out. Rep. Joseph Crowley, (D-NY), points out that Steve Miller was not a political appointee of the IRS; and Rep.Kevin Brady, (R-TX), reveals how a tax audit impacted a small business woman and Tea Party member..
CNBC's Steve Liesman explains how Bloomberg reporters gained access to privacy data on the terminals. And, Jonathan Corpina, Meridian Equity Partners; and Warren Meyers, DME Securities, discuss whether Bloomberg privacy concerns will impact their daily use. (Disclosure: Bloomberg is a competitor of CNBC in reporting and distributing business news on the Web and on television.)
Bart Chilton, Commodities Futures Trading Commission commissioner, discusses what regulators want to know about the privacy breach found at Bloomberg, with CNBC's Kayla Tausche and Steve Liesman (Disclosure: Bloomberg is a competitor of CNBC in reporting and distributing business news on the Web and on television.)
CNBC's Kayla Tausche reports which Wall Street firms have complained. And, Michael Driscoll, Adelphi University professor; and Harvey Pitt, Kalorama Partners, discuss the cost of a privacy breach and the value of secrecy and anonymity. (Disclosure: Bloomberg is a competitor of CNBC in reporting and distributing business news on the Web and on television.)
Scott London spoke to CNBC's Jane Wells about the KPMG insider trading scheme and how much he made in kickbacks. London says "nothing like this has ever happened before."
Monday, 17 Jun 2013 | 1:31 PM ET7-Eleven franchisees are charged with identity theft and money laundering, reports CNBC's Andrea Day. The 7-Eleven owners created a "modern-day plantation system" according to the U.S. Attorney.
Monday, 17 Jun 2013 | 2:03 PM ETThe NSA whistleblower Edward Snowden answered questions about his NSA claims online, with CNBC's Eamon Javers. The "Street Signs" panel reacts.