It seems as if every day we are witnessing massive fraud in corporate America and across various branches of our government at both the national and state levels. The latest example is the alleged fraud in Minnesota. The preliminary findings indicate this involves billions of dollars. The question at hand is how this fraud occurred…
As a former banking regulator and current financial sector consultant, I have been following with increased interest the issues involving credit quality in two recent bankruptcy filings. The high-profile collapses of First Brands Group (a global auto-parts supplier) and Tricolor Holdings (a subprime auto lender) have sparked alarm about the elevated risk of loan portfolios.…
In October 2024, I wrote an article detailing my thoughts on financial literacy. I included the following paragraph as an illustration: Let’s say someone was never taught about things like loan agreements, compounding interests, or return on investment. So, without that knowledge, they might, hypothetically, sign up for a loan they don’t understand and can’t…
In 1994, Ukraine signed the now-infamous Budapest Memorandum – a document which formalized Kyiv’s abandonment of nuclear weapons in exchange for Kremlin promises to respect Ukrainian national sovereignty. Included in these promises was not to use force against Ukraine and to respect Ukraine’s borders. There were two other parties to this agreement—namely, the US and…
Ukraine’s Version of Sanctions Since the beginning of the Russian invasion, Ukraine has shown amazing grit, courage, and determination as its people united to defend their country. Now, they are also displaying astounding creativity by being the first military to develop sophisticated drone warfare in an ongoing conflict. Rather than wait for sanctions and other…
The Role of a Banking Regulatory Expert Witness in Litigation In most cases where I serve as an expert witness, I am hired to explain a topic that a layperson may not fully comprehend. Therefore, my role is to educate, inform, and more clearly define a topic that is being litigated. The group of people…
Challenges Facing the Federal Reserve’s Governance Principles The issues surrounding the saga of Lisa Cook keep on going, like the Energizer Bunny. They never seem to slow down. If you have been following the recent events, you will have noticed that she did not deny the accusation(s) leveled against her concerning the perceived fraud on…
Peace Through Strength While most Americans were watching fireworks on July 4th, the people of Ukraine were also watching fireworks; however, these fireworks consisted of drones and missiles designed for maximum destruction of civilian infrastructure and to terrorize the Ukrainian population. There is no disputing the fact that the Russian military is no longer advancing…
I have evaluated the health of financial institutions and the financial sectors they operate in for over 40 years. One thing I have discovered is that lending money is not rocket science. At its core, commercial banking is based on a simple concept of buying and selling money. However, many governments, lending organizations, and regulatory…
Good governance is a necessity for a well-functioning organization. It safeguards against irresponsible behavior, which is necessary given a company’s accountability to shareholders, employees, customers, and the wider community. Generally, governance is about building transparency, maintaining integrity, and upholding the rule of law. However, we must understand that the nexus of governance and leadership accountability is a…
- « Previous
- 1
- 2
- 3
- 4
- Next »