Prominent Wall Street Whistleblowers Announce New Initiative

[Jefferson23]

Bank Whistleblowers United held a kick-off conference Thursday where former high ranking officials outlined a proposal they would like to see each presidential candidate adopt - February 28, 2016

No transcript available, 13 minutes approx running time.

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=15761

[Jenny_92808]

1. Banksters

Illegal activity (from the video) -

"The business model of wall-street is fraud...

Massive defrauding of homeowners on mortgages...

Conspiracies to evade sanctions on Iran and elsewhere...

Conspiracies to launder the drug money of cartels...

Conspiracies to fix currency markets...

(Fines) No bank official has paid out of their own pocket. No major official has been indicted, prosecuted or held accountable.

Those who blew the whistle paid far greater costs in their careers and in their personal lives then those who did the crimes."

[Jefferson23]

2. Yes, THIEVES. n/t

[Enthusiast]

4. Plus a bazillion!

[Enthusiast]

3. This should receive hundreds of recommendations.

In all seriousness, this fraudulent business model cannot continue without resulting in a huge catastrophe.

People, support Bernie Sanders for president. If you are a Hillary supporter consider switching your allegiance to Bernie Sanders. This is a fucking crisis.

[Jenny_92808]

5. Prominent Wall Street Whistle-Blower

(leading CPA in Dallas) Richard Barn ~ (at city group) 60% of the mortgages were defective (increased to >80%) and did not meet the guidelines. I started issuing warnings - we have potential huge losses. I was stripped of all my responsibilities and put on administrative leave and I was told not to come back.

[Jenny_92808]

6. More from the video...

Richard Barn ~ I gave the FCC over a thousand pages of documents in July 2008 - 3 months before the bank bail outs. The FCC has never taken any action. They refused to release any of the pages that I provided them. They asked me to change my written testimony. My testimony was sealed and sent to the national archives. We need to reinstate the rule of law in banking. Once we had laws that held banks accountable. Ethics & accountability - concern for the decline of the corporate culture.

[midnight]

10. I think the guys name is Richard Bowen. That's the name I heard.

[Jenny_92808]

23. Thank you for the correction

I must have heard it wrong when listening to the video.

[midnight]

24. I'm sure we are going to hear more about him and from him.

[Orange Butterfly]

7. This should be on the evening news...

all across this country.

I realize it won't, for the media is corrupt too.

[Jefferson23]

8. It's a poorly informed electorate that keeps voters from making less demands on their candidates.

They end up with a "realistic" winner or some such thing they call it.

[midnight]

9. How is it after all this time the rule of law doesn't matter?

[Jefferson23]

13. I think this election cycle they're calling it realistic change. n/t

[midnight]

14. If by realistic, do you mean legal?

I just finished listening to the second video and Michael Winston shares important lessons learned. One of them was that just a person is in a power of authority might not be right.

[Jefferson23]

15. No, I believe Clinton's campaign is placing emphasis on language such as realistic and

incremental due to her ties to WS. In other words, don't expect much push back
for the rule of law..nor regulations to be enhanced enough to prevent another
crisis.

[midnight]

16. Ok-that is too unfortunate.

[Jefferson23]

21. I don't see how you interpret her words otherwise..if she wins the nomination and if she

wins the WH...Bernie will be in the Senate continuing to call out this problem.
It just won't be with the power of the presidency, unfortunately.

[tk2kewl]

11. Hillary supporters who don't understand Bernie or Bust should watch this

as well as those who try to paint Bernie's criticisms of Obama as something other than substantive and on point

[Jefferson23]

12. The ones that know are not concerned. Tweet it, e-mail etc. it to every publication you can

every news blog..reddit.

[Milliesmom]

17. Eye opening,people are waking upfrom their long sleep

Glad the first person mentioned Bernie

[JDPriestly]

18. K&R. BE sure to watch the series of videos on therealnews.

This is something every DUer should see.

[Jefferson23]

22. Hi JD and yes everyone should know..please spread around and thank you. n/t

[Duppers]

19. From an article I found days ago, "taxpayers give them an astonishing 83Bn

In subsidy every year."

$83 billion each year in an outright gift. Not a loan, no repayment.

..."Without taxpayers, many of the largest banks aren't even profitable "

"The banks have taxpayers and politicians firmly in their pockets."

http://www.theguardian.com/commentisfree/2013/may/28/bank-bailout-cost-taxpayers

This article is two+ yrs old but I was searching for info to counter a winger.

Bookmarking this thread in order to watch all the recommended videos.

This is way too important to ignore.

Thanks for posting this, Jefferson23.

[Jefferson23]

20. It's a constant battle and one hopefully we'll stop losing sooner than later.

We know what needs to be done, so frustrating pushing back..these guys will
not ever been seen on an msm outlet. None I'm aware of..you are most
welcome too. If possible please spread this around to any publication, news outlet,
tweet it to politicians too.

[pberq]

25. William K. Black announcement of this group

All presidential candidates should be supporting this group.

http://neweconomicperspectives.org/2016/01/announcing-bank-whistleblowers-groups-initial-proposals.html

William K. Black
January 29, 2016 Bloomington, Minnesota
Revised January 30, 2016

I am writing to announce the formation of a new pro bono group and a policy initiative that we hope many of our readers will support and help publicize. Gary Aguirre, Bill Black, Richard Bowen, and Michael Winston are the founding members of the Bank Whistleblowers United. We are all from the general field of finance and we are all whistleblowers who are unemployable in finance and financial regulation because we spoke truth to power and committed the one unforgivable sin in finance and in Washington, D.C. – being repeatedly proved correct when the powerful are repeatedly proved wrong. . . .

William Black's book: The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry

[Jefferson23]

26. Thank you for adding that. You can tell what a threat he is, none of the MSM will touch it.

[pberq]

27. You're welcome.

And thank you for the OP. This needs to be broadcast far and wide.

[Jefferson23]

28. I e-mail it to our Dems in DC...let them know that you know and what you expect from

them. You can also spread it to any news publication, tweet etc.

[pberq]

29. Part 4 of this video is the best

I finally got to part 4 of this video - with William Black. He sums everything up, saying that it is unprecedented to have whistle blowers at such a high level. This means it would be relatively easy to prosecute the criminal bankers that committed such massive fraud.

Here's a related article:

https://ourfuture.org/20160226/whistleblowers-challenge-candidates-stand-against-wall-street-fraud

Whistleblowers Challenge Candidates: Stand Against Wall Street Fraud
FEBRUARY 26, 2016
Isaiah J. Poole

Four people who have been at the center of some of the nation’s biggest Wall Street scandals have come together to send a message to the 2016 presidential candidates: Pledge to stand against Wall Street fraud and corruption – not just with words, but with the kind of actions that Americans have long expected but have yet to see. . .

[Jefferson23]

30. Exactly, but it looks like we are set to have a respresentative who will allow

this to continue..terrible for the country. Unfortunate how many will pay
the price of a Clinton administration. I don't know what Bernie will
try to negotiate for delegates should he lose, so we'll see...I am not
optimistic about that. Of course if a Republican wins, well it will also
end very badly.