I have just learned that the documentary, The Con, a five-part investigative docuseries revealing massive frauds committed by large banks which led to the Great Financial Crisis, is being released through multiple channels… Apple TV, Amazon, Xbox, Vimeo, and Comcast On Demand.
The Whistleblower Newsroom; Is This a Conspiracy?
This last week I had the honor of being interviewed for The Whistleblower Newsroom, a podcast by whistleblowers, for whistleblowers, developed and hosted by journalists Celia Farber, TruthBarrier.com, and Kristina Borjesson. Although I had visited with Ms. Borjesson several times on the phone over the last three years, we first met last November at the… [Read More]
Richard Bowen on WRVO, Syracuse University
In November I had the honor of visiting Syracuse University for the Robert Shetterly and the Americans Who Tell the Truth: Models of Courageous Citizenship portraits celebration. This was following the Washington, D.C. unveiling of five portraits of people honored as whistleblowers by the Government Accountability Project (GAP) where I was honored to be one of them. The week… [Read More]
So it’s about bank mergers, stupid!
The world’s largest bank merger in more than a decade has been proposed, and poses concerns many are saying we need to pay attention to. This proposed merger, with BB&T Corp purchasing SunTrust Banks Inc. for $28.2 billion combines two regional lending powerhouses and creates the sixth-largest U.S. retail bank in the U.S. This is… [Read More]
Brigham Young University: Practicing What They Preach
It is always a privilege to be invited to speak at a University to accounting and business students and their faculty. This last week I had that honor- of presenting to Brigham Young University’s Marriott School of Management and Wheatley Institution, to these groups on ethics and how important integrity is in the business world…. [Read More]
Stock Buyouts are Tilting the “Apple” Cart!
What do Apple, Wells Fargo, Citigroup and Applied Materials, among many others, have in common … they have been splurging on repurchasing their own stock at a high dollar, and seeing the value of their stock purchases sharply decline. Apple spent about $62.9 billion on buybacks in the first nine months of 2018, with the market reducing that value… [Read More]
An About Face
There is something wrong with this picture! What are we missing here? And when will we try to hold politicians and government, not just bankers and investors, accountable? A recent Wall Street Journal article proclaims “Banks Get Kinder, Gentler Treatment Under Trump.” It points out that regulators are asking examiners to adopt a less aggressive… [Read More]
Pulitzer Prize Winner Benoît Bringer Documents the Financial Crisis of 2008!
Award-winning French investigative journalist and documentary filmmaker, Benoît Bringer, and his cameraman, Mathias Denizo, recently spent an afternoon around my kitchen table where they interviewed me regarding my role as a Citigroup whistleblower. Benoît, or Ben as he prefers being called in the US, is based in Paris, France. He was part of the International Consortium of… [Read More]
Bank Reputations are Falling: Wonder Why?
In October 2010, a Gallup study revealed that Americans’ trust in banks had fallen to an all-time low of 18% — lower than its level at the height of the global financial collapse. In 2011, 86% of opinions shared on social media about U.S. (and European) banks were negative. That same year, Market Watch named Wells Fargo… [Read More]
Glass-Steagall: Come Back Before It’s Too Late. Again!
June 16th marked the 85th anniversary of the Banking Act of 1933, known as the Glass-Steagall Act, which separated commercial and investment banking. The Depression-era bank regulation kept different types of financial institutions separate. But collective memories have waned as to why it was put into law in 1933 in the first place and why… [Read More]
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