Tag Archives: BWU

Steven Krystofiak Warned the Fed 12 Years Ago By William K. Black August 6, 2018     Bloomington, MN Steven Krystofiak formed the Mortgage Brokers Association for Responsible Lending, a professional association dedicated to fighting mortgage fraud and predation.  On August 1, 2006.  He tried to save our Nation by issuing one of the most prescient warnings about the epidemic of mortgage fraud and predation and the crisis it would so cause. The context was Congress’ effort to empower and...

By Bank Whistleblowers UnitedJune 25, 2017 Bank Whistleblowers United (BWU) makes its non-coveted Lemon award to the United Kingdom (UK) for actions harming whistleblowers and the world.  BWU’s three principals are highly experienced financial experts with combined practical and academic experience of over 120 years.  We are each unemployable in finance because we warned internally at are places of work and then externally about grave misconduct by the most senior financial and...

BWU/NEP’s Bill Black appears on Phil Crawford’s Voice of Appraisal. Bill discusses past problems with appraisal fraud and the AMC model. He also explains how he would like to work with appraisers in the future!! The introduction starts at about the 11 minute mark with interview starting around the 15 minute mark. [embedded content] [Translate]

By William K. Black April 17, 2016     Bloomington, MN Hillary Clinton uses a rhetorical device that is too clever by half.  Whenever Bernie Sanders points out that she continues to take millions of dollars for her campaign and over $650,000 personally from the infamous “Vampire Squid” whose frauds caused the financial crisis she responds that this means that Bernie is attacking President Obama too, for in 2008 his campaign’s largest donor was those same Wall Street felons.  She then says...

By William K. Black We could, of course, retire the Bank Whistleblowers United’s Lemons title – for ignoring or trivializing elite fraud – by awarding it permanently to the Department of Justice (DOJ).  The current award is particularly close to our hearts because it involves DOJ ignoring the sworn testimony of one our founders, Richard Bowen.  DOJ did not ignore Bowen’s testimony because it was discredited, but because it was proven accurate – and should have led to the indictment of...

April 3, 2016 Chairman Jason Chaffetz House Committee on Oversight and Government Reform 2157 Rayburn House Office Building Washington, DC 20515 Ranking Member Elijah Cummings House Committee on Oversight and Government Reform 2471 Rayburn House Office Building Washington, D.C. 20515 Dear Chairman Chaffetz and Ranking Member Cummings: We, the founding members of Bank Whistleblowers United (BWU), write to express our support for the “Whistleblower Augmented Reward and Nonretaliation (WARN)...

Bill appears on the latest podcast from the Tax Justice Network discussing banking, regulations and the Bank Whistleblowers United 60 day plan. [embedded content] [Translate]

By William K. Black March 3, 2016 The Bank Whistleblowers United’s third weekly lemons award is made jointly to the Federal Housing Finance Agency (FHFA) and Fannie Mae (with a dishonorable mention to the federal judiciary).  The award goes for these entities’ indifference and even hostility to whistleblowers.  On September 6, 2008, the FHFA placed Fannie and Freddie into conservatorship in conjunction with the largest public bailout in global history.  Fannie and Freddie failed in an orgy...

William K. Black February 15, 2016     Bloomington, MN The Bank Whistleblowers United announce an early winner of our second Financial Fraud Lemons of the Week award, and it relates to our inaugural winner, the Department of Justice (DOJ) for its lies about the latest humiliating settlement with Morgan Stanley.  If DOJ had actually prosecuted the elite Morgan Stanley bankers that led its mortgage fraud epidemic the new winner of our lemons award could not have said what he did about that...

The New York Times has taken notice of Bank Whistleblowers United (BWU). You can read it here. [Translate]