SEC

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

Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House | Matt Taibbi | Rolling Stone

I was shocked when I heard that Mary Jo White, a former U.S. Attorney and a partner for the white-shoe Wall Street defense firm Debevoise and Plimpton, had been named the new head of the SEC.

I thought to myself: Couldn’t they have found someone who wasn’t a key figure in one of the most notorious scandals to hit the SEC in the past two decades? And couldn’t they have found someone who isn’t a perfect symbol of the revolving-door culture under which regulators go soft on suspected Wall Street criminals, knowing they have million-dollar jobs waiting for them at hotshot defense firms as long as they play nice with the banks while still in office?

via Choice of Mary Jo White to Head SEC Puts Fox In Charge of Hen House | Matt Taibbi | Rolling Stone.