Daily Archives: October 16, 2015

Goldman Sachs Fires Analysts For Cheating On “Compliance” Tests

Here’s Bloomberg:

Goldman Sachs Group Inc. is dismissing about 20 analysts globally in offices including London and New York after discovering they had breached rules on internal training tests, said people familiar with the matter.

The analysts, who had been working in the investment bank’s securities division, have either already been dismissed or are in the process of leaving the bank, said the people, who asked not to be identified as the matter is private.

Wanted ad on Craigslist seeks Speaker of the House

Real sad…

WTOP:

WASHINGTON — Apparently posting a Craigslist ad isn’t the worst option to find the next speaker of the U.S. House of Representatives. Begging and pleadinghasn’t worked so well so far.

A week after Rep. Mark Takano jokingly drafted, but never posted, an ad to solicit applications for the leadership post, someone has taken the extra step to actually publish an ad on the help wanted sectionof the site.

Screengrab of a Craigslist ad.

Screengrab of a Craigslist ad.

Whistleblow Wall Street – A Call to Action!

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 has refused to prosecute wrongdoing that occurred in the financial crisis. This concern has also been expressed by many other individuals and organizations, including The Other 98% and The Rules, which recently launched a major campaign to encourage Wall Street whistleblowers to come forward when they see wrongdoing within their banks.
The campaign,  Whistleblow Wall Street, launched last week in New York City. It is accompanied by extensive publicity which includes its own website and will include billboards, posters, and pamphlets. There is also a soon-to-be-published op-ed piece in which I participated,  supporting the campaign and the reasons for it. The campaign is also supported by two other whistleblowers, Michael Winston of BofA/Countrywide and Linda Almonte of JP Morgan Chase.
Fox Business notes that this campaign “comes on the heels of the seventh anniversary of the Troubled Asset Relief Program (TARP), Wall Street’s bailout for the 2008 financial crisis … encouraging bank employees to take action against illegal financial activity.”
Whistleblow Wall Street is taking pretty strong steps to call the Department of Justice to account.
Regards,
Richard