The elephant in the room is still why there have been no criminal prosecutions of the banks, executives and Wall Street traders who were primarily responsible for the 2008 financial crisis. There has been no obvious answer, although our Department of Justice continues to dance around the question. In his most recent article, my friend… [Read More]
Whistleblowers: Who They Are and Why You Should Care
The McCuistion TV episode can be viewed by following this link: Full Episode The award–winning McCuistion Television Program, now in its 26th year on KERA, PBS TV, and The National Center for Policy Analysis, a nonprofit, nonpartisan public policy research organization with a goal of developing and promoting private, free-market alternatives to government regulation and… [Read More]
My Few Minutes of Fame – A PBS Miniseries on Business Ethics
There’s a new documentary in the works in which I had the opportunity to participate just last week. The three part series, tentatively titled Gray Areas, is in production by WNET, which is the flagship public station of the New York City tri-state area, WNET, the most watched public television channel in the country. I was… [Read More]
Philosophy for Bankers…? How About Just Classes in Honesty and Ethics?
Several articles came across my desk this week. I found one especially intriguing, as it fits my frame of reference. It is a post by Ms. Yves Smith, commenting on an article “Can Philosophy Stop Bankers From Stealing?” by Lynn Parramore, a senior research analyst at the Institute for New Economic Thinking. Smith argues that the title might… [Read More]
Brexit: A Call for Democracy or an Act of Economic Shortsightedness?
The largest blow the British population has delivered to its establishment in modern history – was it strategic or just plain stupid? Well, that depends. This last week’s furor over Brexit has filled the news channels. In a pretty close race – 52 % Leave; 48 % Remain, with 70% voting — the British Isles… [Read More]
Chicken Little was right – “the sky IS falling”!
Remember Chicken Little and her warning, the sky is falling? I sometimes feel like a Chicken Little, with my repeated warnings that the sky is indeed falling and here’s another example. Just last week I posted about my fellow Bank Whistlebowers United colleague Michael Winston’s interview with Gretchen Morgenson on the New York Times Facebook venue. I’m still… [Read More]
Michael Winston, “Wall Street’s Greatest Enemy,” tells all
Whistleblowers come in all shapes and sizes and my friend and fellow Bank Whistleblowers United colleague is certainly not one that fits most descriptions of a whistleblower. I’d mentioned Michael before in two fairly recent posts (see here and here). Former Countrywide Financial executive Michael G. Winston, PhD, was at the pinnacle of establishment success. He’d… [Read More]
“Take On Wall Street” – a Bold Agenda to Control the Large Banks!
A new group, Take On Wall Street, has emerged which vows it won’t rest until it breaks up the big banks and stops the stranglehold Wall Street has on Congress and the American taxpayer! Take On Wall Street may have enough backing behind it do so. Twenty national organizations joined Senator Elizabeth Warren (D- Mass)… [Read More]
Did the Federal Appeals Court Just Open Up the Floodgates to Fraud??
In a recent 3-0 ruling that has left many shocked and scratching their heads, a federal appeals court has reversed a $1.27 billion jury verdict against Bank of America (BofA). The federal jury took only three hours in 2013 to find BofA guilty of civil fraud for deliberately selling defective mortgages through their Countrywide unit… [Read More]
Ethics is Just Good Business
The lack of ethics, a culture which does not embrace ethics, costs everyone. It was a privilege to be the keynote speaker at the May 17th Greater Dallas Business Ethics Awards and see this principle applauded. The award honors Dallas-based companies that clearly demonstrate a “measurable commitment to ethical business practices in everyday operations, management… [Read More]
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