Getting the story told to the Public
I know how the journalism profession, like the banking profession, regulatory profession, etc., is not immune to having a "blind spot" and is definitely not immune from acting in herd behavior patterns which prevents sound judgment.
There have been so many stories heralded by the media and politicians about improper actions by bankers and regulators, let's face it; the public has built up a shell of resistance. "How much more of the story can possibly be known" is what most people think at this point. Any more information regarding the financial crisis and advent of the crisis is no longer interesting or "news." I understand this.
I also understand the myth of absolute predictability has polluted our banking industry and regulatory response and has led to a lack of flexibility and imagination. The public, including journalists, needs to help formulate a better worldview of understanding what truly matters to society. In effect, a new kind of philosophy of humanity, philosophy, psychology, science and mathematics is necessary that emphasizes openness, connectivity, fairness, and creativity.
I certainly do not need to sell my account short. I was the first (and unable to find any others) US financial regulators to warn of the upcoming 2008 - 09 banking crisis in 2005 and 2006. For various reasons, lack of moral code and authority, captured regulators, politics and leadership void, my warnings were muted and silenced. My story is one of its kind. I do not see any other "government bank regulators" sharing the inside story. Because to do so means career suicide as I have come to find out.
My warnings in 2005 and 2006 - years before the crisis - would have changed world events dramatically. My expose is still unwritten, with regards to the inside look at the behind-the-scenes wheeling and dealing as politicians made policy and fought consumer rights groups on every substantive issue, in the name of "free markets." I certainly do not need to remain silent out of fear that some egos may be bruised or possible reputation or political damage might occur.
My account and real story is NOT out by any stretch of the imagination. I purposely have not disclosed my treasure-trove of original, authentic, shocking evidence, believing that some big name journalist might find a path to my doorway. Since I have not been so lucky, today, I published several "most telling" documents to the blogosphere.
I remain open and willing to work with journalists, research professionals and any members of Congress to get the "real" story of the financial crisis told to the public.
See my blog at
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.