What do Apple, Wells Fargo, Citigroup and Applied Materials, among many others, have in common … they have been splurging on repurchasing their own stock at a high dollar, and seeing the value of their stock purchases sharply decline. Apple spent about $62.9 billion on buybacks in the first nine months of 2018, with the market reducing that value… [Read More]
An About Face
There is something wrong with this picture! What are we missing here? And when will we try to hold politicians and government, not just bankers and investors, accountable? A recent Wall Street Journal article proclaims “Banks Get Kinder, Gentler Treatment Under Trump.” It points out that regulators are asking examiners to adopt a less aggressive… [Read More]
Best wishes for a wonderful holiday
One of the real joys of the holiday season is to say thank you. Warmest thoughts and best wishes for a wonderful holiday. Wishing you the very best of health, prosperity, happiness and success for the new year. May your holidays and New Year be filled with joy.
The Men Who Stole the World (and got away with it)
Award-winning French investigative journalist and documentary filmmaker Benoit Bringer’s new film (trailer) in which I have a small role, aired recently on France 5 Television. The premiere on French TV in prime time last week was watched by over 600,000 people to great reviews. Le Figaro called it a “Must See”, Le Monde said, ”Fascinating… [Read More]
From Museums to NPR: It’s Been a Merry Go Round of Highlights!
Last week I spoke about the Government Accountability Project (GAP) 40th-anniversary celebration as the highlight of my year. At the celebration, Robert Shetterly, the renowned portrait painter behind Americans Who Tell the Truth– Models of Courageous Citizenship, unveiled five portraits of people honored as whistleblowers by GAP, and I was honored to be one of them. This week was yet another… [Read More]
WOW…I’m in a Museum!
The Government Accountability Project (GAP) 40th-anniversary celebration at the DuPont Circle Hotel in DC November 15th stands out for me as the highlight of this year. At the celebration, Robert Shetterly, the renowned portrait painter behind Americans Who Tell the Truth– Models of Courageous Citizenship, unveiled five portraits of people honored as whistleblowers by GAP. Myself, Bank… [Read More]
May your holiday be blessed and bountiful
May your holiday be blessed and bountiful. There is much I am thankful for this Thanksgiving – health, family, friends… I’m especially grateful for the friendship and ongoing support of the Government Accountability Project (GAP), with their 40th-anniversary celebration last week including the unveiling of my portrait along with four other whistleblowers by Rob Shetterly of Americans… [Read More]
The American Dream: Do the Right Thing Wells Fargo!
For many, the American dream is still about owning your own home. So imagine your financial situation, never as healthy as it was before the 2008 financial crisis, growing worse, you fall behind in your mortgage payments and contact your bank for help. In fact, you reach out to them to negotiate a mortgage loan… [Read More]
Is the Banking Wild West Coming Back?
According to analyses of government data and interviews with more than 60 former and current federal officials, during our present administration there has been a sharp decline in financial penalties against banks and big companies accused of malfeasance. While many Republican officials have by and large welcomed the change, many others are concerned that taking… [Read More]
Why is Wells Fargo Still Struggling?
Wells Fargo is once again in the news and not in a positive way. Still struggling with the fallout from the fake accounts scandal two of its senior executives, Hope Hardison, the bank’s Chief Administrative Officer and David Julian, its Chief Auditor have been placed on leave at the request of regulators at the Office… [Read More]
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