On several occasions, my colleagues and I have stated that the payment of the large bank settlements that were the outcome of the 2008 financial crisis were merely payments of extortion to the Department of Justice. The motive we believe was to lock up the evidence they had discovered so Americans and the world would… [Read More]
Bank Whistleblowers United D.C. Press Conference Hits a Home Run!
In spite of the stormy weather in D.C. last week Thursday, our Bank Whistleblowers United press conference got off to a rousing start. William Black and I were able to make it to D.C.; Michael Winston, stranded en route, called in on his cell, and Gary Aguirre joined us by Skype. Hosted by Campaign for… [Read More]
New Fed President Kashkari…Gone Rogue on Goldman or Smokescreen?
Interesting times we live in. And we need to ask whether the recent unprecedented comments by Neel Kashkari, the newly appointed President of the Minneapolis Federal Reserve, to break up the big banks is genuine or too good to be true and a political smokescreen. Former Goldman Sacks vice president Kashkari is a Republican and a… [Read More]
Breaking News: Bank Whistleblowers United D.C. News Conference
Our Bank Whistleblowers United initiative team, William K. Black, Gary J. Aguirre, Michael Winston and I are headed to Washington D.C. for a news conference, to be held at 10 a.m. tomorrow, Thursday, February 25, at the Campaign for America’s Future headquarters, 1825 K Street NW, Suite 400. I invite you to join us if… [Read More]
It’s Time to Wake Up, America!
Last week the New York Times published the article “Wall St. Whistle-Blowers, Often Scorned, Get New Support” by William Cohan about Bank Whistleblowers United. This is gratifying and exciting news, as it focuses more attention and brings more eyes to the goals our new group is committed to. As I explained in a recent article, four former whistleblowers, including myself,… [Read More]
Campaign Contributions and Politicians’ “Promises”
This post is not about conspiracy theory nor is it a political statement. Just an ironic commentary on the influence peddling that goes on between politicians and big companies, which unfortunately hurts the economy, the taxpayer and small business. Recently my colleagues, Gary Aguirre, William Black, Michael Winston and I formed a probono group and policy… [Read More]
Bank Whistleblowers United… Restoring the Rule of Law to Banking
My colleagues and I have formed a probono group and policy initiative with a goal to restore the rule of law to Wall Street and accelerate our work to “greatly reduce the risk and cost of future financial crisis.” Gary Aquirre, William Black, Michael Winston and I are the founding members of Bank Whistleblowers United. Each… [Read More]
Goldman Sachs aka The Great Vampire Squid Rides Again!
As my friend William D. Cohan said in a recent New York Times post, “nearly eight years after the onset of the financial crisis; its unintended consequences continue to startle and amaze.” The latest in a long saga of TBTF bank settlements, Goldman Sachs, one of the more recent banks to resolve settlements charges for the… [Read More]
We Need To Speak Up, Loud and Clear!
Over 450 educators were in my audience this last weekend when I addressed the members of the American Accounting Association Auditors Section, the largest community of accountants and auditors in academia, So what happened, I asked them? In the financial crisis, how was it possible that all of the large financial institutions that either failed or were bailed out… [Read More]
Really? A Badly Behaved Banker’s List?
There’s talk of a master list being created that would list Wall Street bankers who’ve run into ethical issues on the job. It could develop into a pretty long list. And then what next? Which other group would be targeted? Supposedly the purpose of this list would be to help companies avoid hiring the repeat… [Read More]
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