banks

Website Encourages Wall Street Bankers to Report Colleagues

America’s fear-protected manufactured class systems are being put to the test again. Who’da thunk it? Surely not Wall St. The banking industry is being hit on all levels this year; banking practices, the employee’s working environment, customer complaints regarding their bank or financial institutions, and confidential legal assistance for prospective whistleblowers to seal the deal.  WhistleblowWallSt.com claims that if you can provide the proper evidence, they will protect your anonymity. The evidence must meet SEC standards, however.

“The Securities Exchange Commission (SEC) has ruled that it will review any documents that whistleblowers believe prove a violation of law. We are asking for the same level of reasonableness from those who use our services.”

You can read more about Whistleblow Wall St. in Nathan Wellman’s article, New Whistleblower Campaign Encourages Wall Street Bankers to Snitch on Colleagues 

Whistleblow Wall Street was born from the combined efforts of The Other 98%, a non-profit that “combats economic injustice and outsized corporate influence,” of whom Sellers is a co-founder, and The Rules — a global network of people who are “dedicated to changing the rules that create inequality and poverty around the world.”

The corrupt practices that resulted in the Wall Street bailout of 2008 destroyed roughly $19 trillion in American public assets.

Source: Website Encourages Wall Street Bankers to Report Colleagues

HSBC Sued By Atlanta-Area Counties Over Predatory Lending Claims

 

HSBC Sued By Atlanta-Area Counties Over Predatory Lending Claims.

ATLANTA — Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expenses and damage to their tax bases by aggressively signing minorities to housing loans that were likely to fail.

The Georgia counties’ failure or success with the relatively novel strategy could help determine whether other local governments try to hold big banks accountable for losses in tax revenue based on what they claim are discriminatory or predatory lending practices. Similar lawsuits resulted in settlements this year worth millions of dollars for communities in Maryland and Tennessee.