What an honor! A collaboration between the Society of Professional Journalists and the Government Accountability Project, The Whistleblower Project, which focuses on journalism and democracy, just announced one of their initiatives, 25 Times Whistleblowers Changed History, and I am named as one of the whistleblowers they feature. Some of the best known, Sherron Watkins of Enron, Daniel Ellsberg of… [Read More]
Warning Danger Ahead! Whistleblower Options Are Being Shut Down!
The title of an article in Just Security, “New Ruling Shows How Few Options There Are for Intelligence Community Whistleblowers” captured my attention and made me read and cringe with every word I read. The writer is Irvin McCullough, an investigator for the Government Accountability Project (GAP), the leading whistleblower protection and advocacy organization, which… [Read More]
Robin Hood and the Too Big To Fail! Is He Too Late to Help on the Crapo Bill?
Legend has it that Robin Hood, a former archer for Richard the Lionheart, took on the Sherriff of Nottingham, whose autocracy and exorbitant taxation of the town’s citizens were crippling the economy. Robin Hood went on to gain fame for fighting injustices imposed by the rich on the poor. However, in this present scenario –… [Read More]
Ethics Rule: Achieving the Gold Standard
The CFA (Chartered Financial Analyst) Texas Investor Summit, sponsored by the CFA Society of Dallas-Fort Worth and the CFA Societies of Texas, was held in Dallas this past week and featured Robert S. Kaplan, President & CEO of the Federal Reserve Bank of Dallas, and Robert Jenkins, London School of Economics and a member of the… [Read More]
The Intelligence Community Inspector General’s Office Has Run Amok!
The Intelligence Community Inspector General’s Office (IC IG), the office which serves as the Intelligence Community central watchdog over the intelligence agencies (including CIA and NSA), has had serious issues for some time. Just this last fall, I commented that it appears the office was not able to do its job because of the varied… [Read More]
Should We Ban Stock Buybacks – Or, Are They a Good Economic Stimulus?
The Trump administration tax windfall has released billions of dollars into the economy. This windfall has caused more than a few major companies to announce that at least some of this tax money will be used to build much-needed infrastructure, increase employee wages and allow for employee bonuses. Overall it looks as if the economy… [Read More]
Janet Yellen’s Historical Last Act: Wells Fargo Sanctions!
Janet L. Yellen, in her last act as Chairman of the Board of Governors of the Federal Reserve System, imposed what are being described as unprecedented sanctions on Wells Fargo Bank for the bank’s ”widespread customer abuses” of the last several years. The Fed cited not only the millions of customer accounts Wells Fargo opened without authorization,… [Read More]
The Epic Story of Fannie and Freddie: Is There an End in Sight?
Congress has long debated replacing Fannie and Freddie, who were at ground zero of the 2008 crisis as federally charted privately owned companies. They’d been given directives by Congress to make housing affordable, which pretty much meant: fulfill the American dream by having a chicken in every pot, a car in every driveway and a… [Read More]
What if Arthur Andersen’s Auditors Had Spoken Up at Enron?
Can we influence human behavior for the better? I tend to think we can and we must. And so I am honored to be invited to talk at various events and conferences on ethics to professionals who are in the business of assuring their clients are doing the right thing. One such group recently was… [Read More]
Citigroup: The Poster Child of Bad Mortgages!
This past Sunday the PBS documentary produced by WNET, New York, about Sherry Hunt, one of my former chief underwriters (Sherry blew the whistle on Citigroup four years after I was thrown out for warning about their bad mortgages), and myself aired on KERA Channel 13, Dallas PBS. The documentary, entitled “The Whistleblower,” is the first episode in… [Read More]
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