It was an honor to be interviewed recently by Neil King and Samantha Early of Deutsche Welle, one of the largest broadcasters in the world. According to their website, they interact with 150 million across the world. On their weekly Worldlink program, they focus on showing the human side of top world stories.
The interview was about whistleblowing, my role in Citigroup’s misadventures, and the possibility of another financial crisis. It reminded me, very forcefully, that nothing has changed. The big banks are paying the Department of Justice large settlements to lock up the evidence. And the big banks are becoming even larger with their managers taking their place in government; receiving incentives from their companies for doing so, which of course I’ll be commenting about shortly.
I truly believe we are headed into another financial crisis which will be significantly larger than the last one we just went through. To be able to reach – potentially – 150 million listeners might make a difference in stopping the downward spiral we are headed on.
No, I’m not an alarmist. This is not a Chicken Little story. But yes, there is a potential “perfect storm” brewing.
What do you think?
Click here to listen to the interview.
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.
