Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street by Carmen Segarra, 2024
A first-hand account of the oversight of the big banks in the wake of the financial crisis, from the Federal Reserve examiner who refused to be silencedIn 2011, Segarra took a job as at the Federal Reserve Bank of New York supervising for Goldman Sachs. It was an opportunity, she believed, to monitor the big bank's behavior in order to avoid another financial crisis.
Email2Toot Robot. Please see entry below for author.
.
TITLE: Wendell Potter, HEALTH CARE Uncovered: " AFTER MISSING MID YEAR
FINANCIAL EXPECTATIONS, WAYS BIG INSURERS GET BACK IN GOOD GRACES WITH
WALL STREET"
1). In this chilling article, Wendell Potter gives us a sobering
preview of coming troubles (for patients and all professionals) stemming
from the fact that Wall Street is basically in charge of government.
Wall Street privatization of health insurance/other social welfare
programs is grounded in the philosophy espoused by University of Chicago
economist, the late Milton Friedman. Friedman said,“the corporations
should not take into account the public interest” and added that “the
government itself should not take into account the public interest. The
job of the government is to simply let everybody make as much money as
they can, however they can”.
2). The GOP legislature’s plan in many states is to privatize all
state-run social services, from schools to prisons to Medicaid. They
seek to gain political advantage by upending the system, and will do
anything they can to undercut unions, public social welfare entities,
mental health/public health, school teachers, public schools and state
employees for a political return from their corporate benefactors. GOP
and some democrat governors defund state social services, health/mental
health services , contract with profiteering private corporations and
cap it all off by slashing taxes on the rich.
3). Legislators/Policymakers, regulators, employers, and the
media have avoided regulating or changing the taxpayer-reliant business
practices of their large insurance company donors, which wield
substantial lobbying power that they deploy against any effort to
transform the United States’ fragmented healthcare system. “They’ve
essentially been bailed out by taxpayers,” health policy expert Wendall
Potter said of for-profit insurance giants. “And members of Congress,
and various administrations, have remained on the sidelines, avoiding
paying attention to what their wealthy campaign donors have been doing.”
Meanwhile, The Commonwealth Fund found that the United States spent
close to twice as much as the average OECD nation on healthcare while
achieving worse outcomes in critical areas such as life expectancy at
birth and death rates for treatable conditions.
@kimschulz@autism101@actuallyautistic That's a propagandistic thing that you said. Then-Chief Executive Officer (CEO) Skilling verbally attacked Wall Street analyst Richard Grubman, who questioned Enron's unusual accounting practices during a recorded conference call, though./lh