I’m a firm believer that, eventually, if there is enough of a public outcry, we can make a difference and impact the path this country and our government is taking. For some time, I have been calling for greater accountability from the large Wall Street banks and have openly questioned why the Department of Justice… [Read More]
Bloomberg Interview…It’s Time to Act!
Last week I closed my appearance on Bloomberg TV by announcing a call for an investigation by Congress into the Congressional Commission cover-ups. “So what’s the problem, Richard?” anchor Stephanie Ruhle, of Bloomberg Business asked. I countered back, “the lack of prosecutions as a result of the financial wrongdoings during the financial crisis. And the lack… [Read More]
Whistleblowing for Dummies
In the last several months I’ve been posting my opinions about the Department of Justice, former Attorney General Eric Holder and numerous other thoughts about whistleblowing and the 2008 financial debacle; as well as my concerns that Citi and the Too Big To Fail Banks are now heading in the same direction that landed us… [Read More]
Whistle blowing on the rise!
A recent Wall Street Journal article announced new winners benefiting from the last financial crisis- whistle blowers! Four whistleblowers will be receiving more than $170 million for helping investigators obtain a $16.6 billion penalty against Bank of America for inflating the value of its mortgage practices. According to Richard Moberly, law professor at the University… [Read More]
Whistleblowing Has a Price – Is It Worth It?
Being a whistle-blower is not what an individual strives to be. It comes with strings attached, yet the “errors” some employers make leaves no room for silence. Alayne Fleischmann, recently of JP Morgan Chase, is another example of employee observation of their company’s wrongdoing – and the need to report what is egregious wrong doing…. [Read More]