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Forum Post: A Tale of Two Companies - Bank Whistleblower's Damning Blog

Posted 10 months ago on Sept. 27, 2013, 7:11 a.m. EST by grimwomyn (35) from New York, NY
This content is user submitted and not an official statement

Michael Winston is a former executive at Countrywide Financial Corporation, who blew the whistle on the company's clearly fraudulent activities that contributed to the 2008 financial crisis and subsequent recession.

A guest on GAP's American Whistleblower Tour initiative and a close collaborator of ours, Winston has agreed to publish several entries on The Whistleblogger regarding both his experience as a truth-teller in the finance industry, and the continued lack of accountability enforced by the government toward the officers of large-scale financial institutions.

These entries are part of GAP's Know Your Rights campaign covering the Banking Industry.




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[-] 1 points by ZenDog (13196) from South Burlington, VT 10 months ago

There were at least two spots on 60 Minutes that covered just Countrywide.

Go up to a teller with a note, demand cash; you might get to hold a bag containing ten grand for maybe a day - but that's on the really high end.

Steal tens of millions - or more - bring the entire global economy to its knees

  • you'll get a slap on the wrist, and a fine of no more than 25%