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]
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]
It’s a New Year With Hope for the Large Banks! (?)
It’s a brand new year! And, this means new beginnings and hope for us all personally and perhaps for the direction our country is moving towards. After all, a new year and new beginnings does signify hope so being optimistic is a good thing, isn’t it? I was feeling hopeful the financial services industry was… [Read More]
The Goldman Sachs Takeover of the Fed!
With the Fed’s latest hiring of Neel Kashkari as President of the Minneapolis Federal Reserve Bank, Goldman Sach’s former executives will now hold 4 of the 5 Fed President’s seats on the very powerful Federal Open Markets Committee, which is responsible for the formulation of U.S. monetary policy. Before discussing concerns about these appointments, it would… [Read More]
Wishing You and Yours a Joyful and Blessed Thanksgiving
Wishing you and yours a joyful and blessed Thanksgiving… And, very special thanks to all of you for your support, encouragement and input as I continue the outcry over financial and governmental ethical issues and seek to hold those responsible accountable. I‘m especially grateful for my family who are such strong supporters of the work… [Read More]
The Fudge Factor Strikes Again!
It’s been quite a week for the Fudge Factor as Dr. Dan Ariely professor of psychology and behavioral economics at Duke University labels “stretching the truth.” From major companies to politicians, recent news stories have pointed out more than a few potential incidents that illustrate Dr. Ariely’s work in the book he authored, The Honest… [Read More]
Billboards Urge Wall Street Employees to Report Financial Crimes with Whistleblow Wall Street Campaign
It looks as if Whistleblow Wall Street, the campaign about which I wrote last week and am involved with, is getting off the ground in a big way. Several newspapers and media outlets are reporting on the campaign, some more favorably than others. This Sunday’s New York Post, headlined its business section feature article,“Billboards urge… [Read More]
Who Lies More: Politicians, Bankers, or You?
Have you lied today? This is the central question posed by the new independent film, (Dis)Honesty — The Truth About Lies, which recently aired in select theaters and film festivals, and is available on iTunes and CNBC. Directed by Yael Melamede, co-founder of SALTY Features, the documentary focuses on the work of Dan Ariely, Ph.D.,… [Read More]
Questionable Ethics Taint Volkswagen
The world’s second largest car company has long bragged about its superiority in providing “clean diesel” vehicles to the U.S. But now Volkswagen executives have admitted that those vehicles have a “defeat device” that hides the cars’ actual level of pollutants … but only during emissions testing. This blatant violation of ethics and public trust has… [Read More]
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