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March 26, 2015 By Richard Bowen

Bloomberg Interview…It’s Time to Act!

Bloomberg Interview...It's Time to Act!
William Cohan and Richard Bowen on Bloomberg.

Last week I closed my appearance on Bloomberg TV by announcing a call for an investigation by Congress into the Congressional Commission cover-ups.

“So what’s the problem, Richard?” anchor Stephanie Ruhle, of Bloomberg Business  asked. I countered back, “the lack of prosecutions as a result of the financial wrongdoings during the financial crisis. And the lack of prosecutions does not indicate a lack of evidence, but may indicate a lack of effort. If Eric Holder is in fact sincere about pursuing this then he’ll call us whistleblowers; we know where the evidence is.”

From reading my posts, you know a lot of evidence has still not made it to the Department of Justice.  As I said on Bloomberg, “to date I’ve asked four different Assistant U.S. Attorneys if they’ve seen the evidence I submitted to the Financial Crisis Inquiry Commission.” I asked each one if they had received a referral. The answers, no!

So, as I told Stephanie and her co-host, William Cohan, my concern is, did the Congressional Commission fulfill its legal mandate to investigate what happened and turn over the evidence I had submitted to the Department of Justice (DOJ)? I stated, ”Based on what has occurred I’ve instructed my attorneys at the Government Accountability Project to send a letter to two Congressional Committees which have oversight responsibility. I documented my experience and testimony.”

Cohan, who wrote about me and the commission cover-up for the New York Times in September of 2013, and is the author of The Price of Silence, among other bestsellers,  said, “you’ve made your evidence known; you’ve written  letters to Robert Rubin, when he was  Chairman of  the Executive Committee at Citigroup; why isn’t the Attorney General calling on you and other whistleblowers? The clock is ticking.”

Yes, the clock is ticking. Time is running out.

We have a couple of months to assure action is taken since Eric Holder issued a deadline for federal prosecutors to decide whether to bring charges against individuals for their roles in the mortgage meltdown of 2008.

Am I optimistic something will happen!? No.

So I called for a congressional investigation of the cover-up of my testimony. The commission is required by law to turn any evidence found over to the DOJ, but they didn’t do that with my evidence, even though Commission Chairman Phil Angelides said they did.

Since four different assistant US Attorneys told me they had not seen any referral or evidence I gave the commission; either Angelides is lying and violating the law, or he gave it to Holder and Holder hasn’t passed on the evidence I submitted to his prosecutors.

I suspect that there may be public hearings this summer. It’s time Congress investigated.

Related Article:

New York Times, “Was This Whistle-Blower Muzzled?”

William Black Tells the Ugly Truth!
Are the Fed’s Stressed Enough?

Tagged With: Richard Bowen, whistle blower, whistle blowing

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Richard Bowen is widely known as the Citigroup whistleblower. As Business Chief Underwriter for Citigroup during the housing bubble financial crisis meltdown, he repeatedly warned Citi executive management and the board about fraudulent behavior within the organization. The company certified poor mortgages as quality mortgages and sold them to Fannie Mae, Freddie Mac and other investors.

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What People Are Saying About Richard M. Bowen

William D. Cohan"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst."

~ William D. Cohan, NY Times Best Selling Author
2017-06-30T10:08:59-05:00
"Richard Bowen is one of my heroes. His is a story of human fortitude at its best and Wall Street at its worst." ~ William D. Cohan, NY Times Best Selling Author
https://richardmbowen.com/testimonials/2556/

Eileen McDonnell"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger."

~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
2015-02-13T19:51:19-06:00
"Richard Bowen reinforced my motto that "there is no right way to do a wrong thing.” Long after his presentation, the conversation has continued about personal responsibility and the courage to challenge things that appear to be wrong. We encourage this dialog and rely on it to help make our business stronger." ~ Eileen McDonnell, Chairman, CEO, & President, Penn Mutual
https://richardmbowen.com/testimonials/711/

Ben Stein"Richard Bowen, you are a star and a hero."

~ Ben Stein, Economist and Political Commentator
2015-02-13T19:50:26-06:00
"Richard Bowen, you are a star and a hero." ~ Ben Stein, Economist and Political Commentator
https://richardmbowen.com/testimonials/712/

Jim Farrell"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership."

~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
2014-12-28T19:48:17-06:00
"Richard's speech at the April Financial Executives International dinner was informative, interesting, riveting, and fast moving.  The feedback from members was overwhelming positive, and Richard received one of the few standing ovations given by our membership." ~ Jim Farrell, Program Chairman, Dallas Chapter, Financial Executives International
https://richardmbowen.com/testimonials/532/

Dennis McCuistion"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years."

~ Dennis McCuistion, Host of the McCuistion TV program
2014-12-28T19:48:06-06:00
"Richard Bowen has been there, done that, and has the scars to prove it, and his message of corruption at the highest levels of industry and government needs to be heard. I only wish that more bankers had the courage that Bowen exhibits. He is not only one of the most talented bankers I have ever met, he has more integrity than all the bankers on Wall Street put together. If his former employer had listened to him taxpayers would not have had to bail out Citi for the third time in the last 30 years." ~ Dennis McCuistion, Host of the McCuistion TV program
https://richardmbowen.com/testimonials/533/

Betty Garrett"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!"

~ Betty Garrett, Garrett Speakers International
2014-12-28T19:47:50-06:00
"Richard Bowen is a dynamic, entertaining speaker and story-teller - a CPA with a great personality!" ~ Betty Garrett, Garrett Speakers International
https://richardmbowen.com/testimonials/531/

fred-timmons"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences."

~ Fred Timmons, Chairman of The Texas Society of CPA's
2014-12-28T19:47:22-06:00
"I believe Richard Bowen is the only keynote speaker to ever receive a standing ovation from the Texas Society of CPA’s at any of its annual conferences." ~ Fred Timmons, Chairman of The Texas Society of CPA's
https://richardmbowen.com/testimonials/530/

Presentation Topics

Playing for High Stakes: The Principles and Practice of Ethical Leadership

Dark Citi: The Story of a Whistleblower

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Now an ethical leadership speaker, Richard Bowen was Citigroup's Business Chief Underwriter during the housing bubble.

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