The December 10th issue of The Economist said, “The emerging Trump strategy towards business has some promising elements, but others that are deeply troubling.” I agree. In his campaign, Mr. Trump slammed Wall Street and Goldman Sachs, however his actions seem to bely his previous position. From the early days of his campaign, one of Donald Trump’s… [Read More]
Fannie and Freddie — We Need to Look Before We Leap!
“We’ve got to get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have,” stated Steven Mnuchin, President-Elect Trump’s pick for the U.S. Treasury Secretary. Wait — let’s take a closer look first. I… [Read More]
Fed’s Kashkari Releases Plan to End “Too Big To Fail,” Compares Banks to Terrorists
(title per ZeroHedge) When Neel Kashkari, a former Goldman Sachs banker who helped administer the U.S. Treasury Department’s bailout program during the 2008 financial crisis, was appointed as President of the Minneapolis Federal Reserve Bank, I commented on his intent to break up the big Wall Street banks as either too good to be true, or… [Read More]
Wishing You and Yours a Joyful and Blessed Thanksgiving
Wishing you and 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 camaraderie of my Bank Whistleblowers United colleagues and the tireless representation given to all whistleblowers by the Government Accountability Project. . And, very special thanks to all of you… [Read More]
A Trump Election- A New Direction For the US Economy?
The jury is out and the predictions from economists are varied. The elections were supposed to reduce the concerns and uncertainty prevalent in our country; they have not. While there is now hope, uncertainty about our economy is stronger than ever. A Trump presidency fundamentally challenges the future of globalization and status quo capitalism. We may… [Read More]
The Whistleblower: David vs Goliath — You Don’t Have to Be A Giant to Make a Difference
The story of David and Goliath is one most of us are familiar with. Goliath, the Bible character, as told in the Books of Samuel, is described as a giant Philistine warrior who was defeated by the young and small David, a shepherd and future king of the Israelites. No one would stand up to… [Read More]
Can Ethical Principles Become the New Norm?
Pick up a newspaper, read the headlines, turn on your TV set and the prevalent news relates to lying, cheating and stealing. Whether it regards our politicians, business professionals, or local leaders much of our daily input is negative. The trust we put in our elected officials, the media, bankers and business executives is at… [Read More]
ENRON Stands Unprecedented as the Poster Child of Blatant Corporate Fraud
In 2001, Enron, then the seventh largest company in the world and the most innovative company in America, whose stock prices doubled every three years, imploded. The American energy company based in Houston, Texas went from $100 billion in revenues and $1 billion in profit to bankrupt, leaving thousands out of work and with no… [Read More]
Banking In the 21st Century: The Great American Ponzi Scheme at Wells Fargo (and all TBTF)
“You should resign, you should give back the money, and you should be criminally investigated.” a fiery Senator Elizabeth Warren told Wells Fargo’s chief executive, John G. Stumpf, during Senate hearings last month. (Watch in Times Video) In September, Wells Fargo reached a $185 million settlement with federal regulators and acknowledged that thousands of employees, under… [Read More]
The Truth Is Getting Out… 43 Million Households Will Know the Truth!
Last week I had the opportunity to be interviewed for Full Measure News, by Sharyl Attkisson, a five-time Emmy Award winner and recipient of the Edward R. Murrow award for investigative reporting. Sharyl is the host and anchor of Full Measure News which is broadcast to 43 million households in 79 markets on 162 Sinclair Broadcast… [Read More]
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