Citigroup whistleblower on the trail of the too-big-to-fail, now teaches Sarbanes-Oxley Act of 2002 at University of Texas

Terrific!

Richard Bowen teaches the Sarbanes-Oxley Act of 2002 at the University of Texas at Dallas from a deeply personal perspective — that of whistleblower.

The 68-year-old senior lecturer of accounting was once a top executive with Citigroup’s mortgage lending organization. When his warnings of internal malfeasance got him sacked, Bowen filed a complaint under Sarbanes-Oxley and later testified before Congress.

His efforts seeded the government’s investigation of his former employer that ultimately led to Citigroup’s $7 billion settlement last summer.

Bowen’s role as a whistleblower was featured in The New York Times and other financial publications and blogs. His 60 Minutes segment with Steve Kroft, which aired Dec. 4, 2011, and drew 12 million viewers, was repeated in prime time and has run seven times on CNBC, most recently last month.

Read on.

HSBC taken out adverts in national newspapers offering “sincerest apologies” over past activities at its Swiss operations

Vince Cable told Sky’s Murnaghan programme that what emerged is “striking and unacceptable” – and he has called on former HSBC boss Lord Green to answer specific allegations about the business.

The full-page HSBC advert states: “We would like to provide some reassurance and state some of the facts that lie behind the stories.

More from Sky News. Click here.

Banksters Attempt to Derail Controlling Washington Case Law

Deadly Clear

Posted by Karen Pooley, HomeownersSuperPAC, WA Director

WASHINGTON BANKER’S ASSOCIATION ATTEMPTS TO OVERTURN TWO WASHINGTON SUPREME COURT DECISIONS!

This is the Washington Homeowners’ alert to the Washington Bankers Association’s attempt to overturn two Washington Supreme Court decisions:  Lyons v. U.S. Bank (2014) and Bain v. Metropolitan Mortgage (2012) with the introduction of Senate Bill 5968, a Pro-Banker Bill. 

Both of these Washington Supreme Court cases held that the foreclosing entity must be the owner of the obligation evidencing the debt (or the promissory note) yet the Pro-Banker Bill, Senate Bill 5968, would allow lenders to foreclose on property in the state of Washington without clear ownership of the underlying debt!

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