From the press release:
WHAT: Bank Whistleblowers United news conference
Featuring Gary J. Aguirre, William K. Black, Richard Bowen and Michael WinstonWHEN: 10 A.M. Thursday, February 25, 2016.
WHERE: Campaign for America’s Future
1825 K Street NW, Suite 400
Note: Reporters who cannot attend in person can participate by calling
(202) 955-5665, ext. 7099.
Overview:
Four prominent Wall Street whistleblowers – who have identified high-level wrongdoing by the nation’s largest financial institutions and the federal government – will announce on Thursday a challenge to the 2016 presidential candidates to pledge specific, common-sense actions to curb the financial sector’s corrupting influence on political campaigns and government regulators. They have proposed a detailed plan that requires no new legislation or rulemaking to restore the rule of law to Wall Street, end too-big-to-fail and restore the best features of the Glass-Steagall law that used to govern bank activities.
The four – William K. Black, Gary J. Aguirre, Richard Bowen and Michael Winston – have formed a new initiative called Bank Whistleblowers United…
Bank Whistleblowers United has as its goal “to create urgent, fundamental changes to break Wall Street’s power over our economy and our democracy,” says Black, an associate professor of Economics and Law at the University of Missouri and a central player in exposing the “Keating Five” savings-and-loan scandal in 1989.
With the political power of the banking sector, and questions concerning over which candidates are likely to be beholden to that power, emerging as central issues in the 2016 presidential campaign, Bank Whistleblowers United will on Thursday unveil a pledge that it will ask each of the presidential candidates to sign. The pledge will include a vow to not accept campaign contributions from those banking institutions and executives engaged in fraudulent behavior during the runup to the 2008 financial crisis. They will also answer questions about why that pledge is important in the context of what has happened in the five years since the Dodd-Frank financial reforms were signed into law.
More background here.
Be there or be square!
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In addition to whistleblowing on the banksters do the four bank whistleblowers have a position on what type of monetary and banking system we should promote?
I can’t, of course, answer for the whistleblowers, but I recommend reading Bill Black’s recent posts about their group and its goals and policies at New Economic Perspectives.
Look in the right hand column for Bank Whistleblowers United.
(I hope this doesn’t come out as a double post.)
We will announce our challenge to this year’s presidential candidates to “pledge specific, common-sense actions to curb the financial sector’s corrupting influence on political campaigns and government regulators; as well as our detailed plan that requires no new legislation or rulemaking to restore the rule of law to Wall Street, end too-big-to-fail and restore the best features of the Glass-Steagall law that used to govern bank activities”.