Preet Bharara was one of 46 United States Attorneys appointed by President Barack Obama who was asked by the new administration to immediately resign. However, the request came as huge surprise to Mr. Bharara as it came just three months after he met with then president-elect Donald J. Trump, who had asked him to stay… [Read More]
Who’s Trying Now to Save Citigroup’s Soul?
The headline in last Saturday’s Wall Street Journal captured my immediate attention. “The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul”… What?? Supposedly, Citigroup is taking a “new” approach to the cultural and other issues they have had for years and have hired Dr. David Miller, a Princeton University professor, theologian and former banker to be their… [Read More]
Justice is Not Being Served – Once Again, What a Surprise!!
Last week I wrote about my concerns regarding Mary Jo White, the former SEC chair who was leaving her post, to return to her former law firm. Ms. White’s performance while SEC chair was abysmal. However my main concern is not her performance, rather it is the continual revolving door that exists in D.C. I commented,… [Read More]
First Time Televised… Smoking Gun Evidence on Full Measure!
Full Measure News is broadcast to 43 million households in 79 markets on 162 Sinclair Broadcast Group stations, including ABC, CBS, NBC, FOX, CW, MyTV, Univision and Telemundo affiliates and streams live Sunday mornings at 9:30 a.m. ET. In some markets they are seen more than the cable news competition in that time slot, and by… [Read More]
Bill Black Challenges Warren Buffett and Charlie Munger… about Hiring Whistleblowers
My friend and Bank Whistleblowers United co-founder and colleague William K. Black (Bill) author of The Best Way to Rob a Bank is to Own One, recently wrote an article talking about the “ideal director traits,” a summary of which had been published in the Wall Street Journal. The ”desired director traits” are based on a survey… [Read More]
Audit the Fed? Maybe this time it will happen.
Senator Rand Paul and Representative Thomas Massie have re-introduced a bill in Congress to audit the Federal Reserve. The Federal Reserve Transparency Act of 2017 would require that the Government Accountability Office (GAO) “conduct a thorough audit of the Federal Reserve’s Board of Governors and reserve banks within one year of the bill’s passage.” Rep. Massie… [Read More]
The Clock is Ticking… Will Snowden be Pardoned by President Obama?
There is heated debate as to whether Edward Snowden should be pardoned or not with protagonists and adversaries making a strong case for and against clemency. There is some historical precedent for presidents granting clemency in leak-related cases. In the past, presidents have made a splash with clemency on their way out. However, President Obama says… [Read More]
A Tale of Two Whistleblowers according to Malcolm Gladwell
Definition: A whistleblower is a person, who could be an employee of a company or a government agency, disclosing information to the public or some higher authority about any wrongdoing, which could be in the form of fraud, corruption, etc. An employee who alleges wrongdoing by his or her employer of the sort that violates… [Read More]
Does Whistleblowing Pay? New Study Says Yes!
There’s a high cost to being a whistleblower. As my Bank Whistleblowers United colleagues and I can attest to, being a whistleblower means losing your job and most future possibilities of getting another position in your profession are slim to none; not to mention the human cost of the stress and emotion involved and the personal… [Read More]
Fannie and Freddie — We Need to Look Before We Leap!
“We’ve got to get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have,” stated Steven Mnuchin, President-Elect Trump’s pick for the U.S. Treasury Secretary. Wait — let’s take a closer look first. I… [Read More]
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