Wells Fargo will pay more than $2 billion for allegedly lying about the quality of subprime and Alt-A mortgages that secured residential mortgage-backed securities in the run-up to the 2008 housing crisis, the Department of Justice (DOJ) announced just last week. It was similar abuses in the mortgage-backed securities industry that led to the 2008 financial crisis that… [Read More]
Search Results for: whistleblower
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]
WLIW and WNET PBS Champion Playing By the Rules: Ethics At Work
Ethics is essentially doing the right thing regardless of other’s expectations. Doesn’t seem real complicated or difficult. You’d think that doing the right thing is something we would all instinctively do, yet given the magnitude of individuals and companies who so often do not “do the right thing,” teaching ethics, expecting ethical behaviors and applauding… [Read More]
The European Union Whistleblowing Legislation is a Game Changer
The European Commission (EC) is proposing a new law to strengthen whistleblower protection across the EU. The changes are mighty and may well set a precedent for the United States to follow. Věra Jourová, EC Commissioner for Justice, Consumers and Gender Equality explained: “The new whistleblowers’ protection rules will be a game changer. In the globalized world where… [Read More]
What do Edward Snowden, Frank Serpico, Daniel Ellsberg, and Richard Bowen Have in Common?
What an honor! A collaboration between the Society of Professional Journalists and the Government Accountability Project, The Whistleblower Project, which focuses on journalism and democracy, just announced one of their initiatives, 25 Times Whistleblowers Changed History, and I am named as one of the whistleblowers they feature. Some of the best known, Sherron Watkins of Enron, Daniel Ellsberg of… [Read More]
The Intelligence Community Inspector General’s Office Has Run Amok!
The Intelligence Community Inspector General’s Office (IC IG), the office which serves as the Intelligence Community central watchdog over the intelligence agencies (including CIA and NSA), has had serious issues for some time. Just this last fall, I commented that it appears the office was not able to do its job because of the varied… [Read More]
Citigroup: The Poster Child of Bad Mortgages!
This past Sunday the PBS documentary produced by WNET, New York, about Sherry Hunt, one of my former chief underwriters (Sherry blew the whistle on Citigroup four years after I was thrown out for warning about their bad mortgages), and myself aired on KERA Channel 13, Dallas PBS. The documentary, entitled “The Whistleblower,” is the first episode in… [Read More]
The House the Revolving Door Built
Last week, U.S. Attorney General Jeff Sessions named Geoffrey S. Berman as interim U.S. Attorney for the Southern District of New York. Mr. Berman’s appointment was reportedly supported by President Trump’s son-in-law Jared Kushner. This high profile office is responsible for Wall Street enforcement and has traditionally been one of the most aggressive pursuers of… [Read More]
Happy Thanksgiving!
May your holiday be blessed and bountiful. There is much I am thankful for this Thanksgiving – health, family, a new grandbaby, our 5th, friends… As always I’m especially grateful for the friendship and camaraderie of my Bank Whistleblowers United colleagues and the tireless representation given to all whistleblowers by the Government Accountability Project. And, very special thanks to… [Read More]
Consumers are Mad as Hell – The Big Banks Have Won Again!
Well so much for the CFPB and their attempt to protect the consumer. They’ve been shot down! The Senate has voted “to strike down a sweeping new rule that would have allowed millions of Americans to band together in class-action lawsuits against financial institutions.” The “vote is a giant setback for every consumer in this country,”… [Read More]
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