Cherchez la Verite: Is America the greatest country on earth? Answer, only if you are rich. "Your" Congress has passed laws that allow the big banks and real estate brokers to break any law that they wish, while the people they rip off cannot challenge them (if the even the victims knew what is being done to them). If any of my U.S. readers are victims who have lost their house and job and wonder how they are going to survive on your pension or social security, come down to San Carlos, Mexico, where you can find not only houses you can afford, but also cheap medicine and denistry, beautiful beaches, and a safe environments (cops don't shoot innocent people down here).

Sunday, February 21, 2016

Is America the greatest country on earth? Answer, only if you are rich. "Your" Congress has passed laws that allow the big banks and real estate brokers to break any law that they wish, while the people they rip off cannot challenge them (if the even the victims knew what is being done to them). If any of my U.S. readers are victims who have lost their house and job and wonder how they are going to survive on your pension or social security, come down to San Carlos, Mexico, where you can find not only houses you can afford, but also cheap medicine and denistry, beautiful beaches, and a safe environments (cops don't shoot innocent people down here).

Subprime Mortgage Whistleblowers Warn Bigger Crash on Its Way

Whistleblowers Richard Bowen and Michael Winston, along with UMKC's Bill Black, discuss the rampant fraud at Countrywide and Citigroup and how today's high foreclosure rates in states like Nevada could be a sign of what's to come - February 21, 2016 Subprime Mortgage Whistleblowers Warn Bigger Crash on Its Way

https://youtu.be/OO5DxgEBn8A?list=PLhvPB4lyc4dR3U93_5f1MmPbW74Jt0SX6

Bio .

William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

Richard Bowen was a former Business Chief Underwriter for Citigroup, where he monitored the credit quality of over $90 billion annually of purchased residential mortgage loans which were put into mortgage backed securities. Beginning in 2006, he repeatedly warned management about the potential losses and ultimately warned Citi's board of directors, requesting an outside investigation. Richard testified before the SEC, with his testimony before the Financial Crisis Inquiry Commission being nationally televised. He story has been reported by all of the major media, and his 60 Minutes story, "Prosecuting Wall Street" has been re-aired eight times.

Michael Winston had a career of distinction in executive positions for over three decades in five Fortune 100 companies across three industries. He served as global head of leadership and organization strategy at Motorola, Merrill Lynch, McDonnell Douglas, Lockheed and Countrywide, and was hailed eight times by Leadership Excellence Journal as one of the "100 Most Influential Thinkers on Leadership in the World."
Pulitzer Prize winning journalist Gretchen Morgenson of the NY Times profiled Michael Winston's courage and integrity in an article entitled, "How A Whistleblower Conquered Countrywide" and Salon Magazine's David Dayen profiled Winston's story in a piece called "Wall-Street's Greatest Enemy: The Man Who Knows Too Much."
Winston authored the recently published book World-Class Performance, endorsed by key business executives, leading academics and famed Olympians. See http://worldclassperformancebook.com/

P.S. If any of our readers would like to learn more about our life in San Carlos, how to get here, etc., feel free to connect to me at david_griscom@yahoo.com