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laserhaas

(7,805 posts)
Wed Sep 10, 2014, 02:17 PM Sep 2014

Whistleblower Who "Conquered" Countrwide, Being Retaliated Upon (GAP 3pt series).

Whistleblower.org (a/k/a Government Accountability Project), is permitting the executive Michael Winston, who blew he whistle on CountryWide (and was labeled by New York Times Pulitzer-Prize winning journalist Gretchen Morgenson as conqueror of CountryWide{here} ) to do a 3 part story on his {Michael's} ordeal of telling the truth about shaky situations to ratings agencies like Moody's. Michael Winston was repeately harassed by upper management, to lie and refused.

Mr. Winston (labeled as Wall Street's greatest enemy) continues to be victimized/retaliated upon; instead of being rewarded.
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Story background by SALON.com


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Michael Winston's (pic above from Salon.com) surreal story is getting much praise (as it should), by activist online. In SALON.com's August 2013 article "Wall Street's greatest enemy: The man who knows too much", Salon's online journalist David Dayen details how Michael Winston continues to be assaulted by the ones who gained unjust enrichment.

As verbatim by David Dayen;

So now, a successful high-level executive for 30 years, he has been embroiled in seven years of lawsuits with Countrywide and the company that bought it, Bank of America. His determination to speak out against multiple violations of law at Countrywide earned him retaliation, and eventually, he was frozen out of corporate boardrooms, unable to find a new job. He won a jury verdict in his case, but after two and a half more years of fighting, an appellate court reversed the ruling in highly unusual circumstances.

I keep hearing about whistle-blower protections,” he {Winston} tells Salon, exasperatedly. “It certainly didn’t happen for me.

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For those of you who have followed our battle against Goldman Sachs, Bain Capital and Romney; you are well aware that the courts bend over backwards, to help make sure whistleblowers aren't encouraged to do the right thing. From Snowden, to Assaunge, to myself and many others like Mr. Winston; the powers that be - simply don't want an David v Goliath victories.

As concluded by Salon's David Dayen;
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The lesson is clear: If you object to the corrupt practices at financial giants like Countrywide and Bank of America, you will be marginalized and financially ruined. And even if you think you’ve won, over time you will lose. “No one who receives a jury verdict can feel safe,” Winston said. His actions – filing a health and safety complaint and refusing to misrepresent material facts for the company – are supposed to be protected by law. None of that mattered. Says Winston, “If I can’t get this case heard, why would any whistle-blower speak up?”

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I've got some good news in my case against Romney & gang;
because (believe it or not - due to Republican's helping) - the case is continuing.

As for me, I'm well aware that - even if any court ever permits the evidences to be entered - chances are the powers that be will make sure I never get back what they stole from me and many victims. Be that as it may, I'm extremely well pleased to see that Michael Winston did the right thing; and hope/pray others - too - may tell their tales of woe, in bringing down illegal corporate (white collar fraud) wrong doings.

Please take the time to read GAP's Whistleblower.org Michael Winston's 3 part series "A Whistleblowers Story" (part 1)!

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Whistleblower Who "Conquered" Countrwide, Being Retaliated Upon (GAP 3pt series). (Original Post) laserhaas Sep 2014 OP
Here's a link to NY Times Morgenson's "How a Whistle-Blower Conquered Countrywide" laserhaas Sep 2014 #1
k&r nt bananas Sep 2014 #2
Thanks laserhaas Sep 2014 #3
 

laserhaas

(7,805 posts)
1. Here's a link to NY Times Morgenson's "How a Whistle-Blower Conquered Countrywide"
Wed Sep 10, 2014, 02:25 PM
Sep 2014
http://www.nytimes.com/2011/02/20/business/20gret.html?_r=3&

As noted by NYT's Prize winning journalist Morgenson - blowing the whistle gets you slammed.

Mr. Winston’s story provides a glimpse into how business was done at Countrywide at the height of the subprime craziness — and how assiduously Angelo R. Mozilo, the company’s fallen leader, worked to quash dissent in the ranks. Mr. Winston had the audacity to question Countrywide practices. Mr. Mozilo was not pleased and, before long, Mr. Winston was marginalized and later dismissed.
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