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>However, they were relatively few in number and there is no evidence they were silenced as the original post I was replying to implied. Yeah I think there is
by will_brown 11y ago
>However, they were relatively few in number and there is no evidence they were silenced as the original post I was replying to implied.
Yeah I think there is a little miscommunication, you are limiting the silence to economists and not extending it to people in finance which is what I did in OP. It was more the finance people with evidence were silenced, in the whistle-blower sense of the word, and economists who did acknowledge what was occurring were ignored.
As OP, I never qualified my statement as "large scale", I simply stated the article ignored the reality that economists and financial insiders did make attempts blow the whistle. Now since neither of us knows the exact numbers, I'm not going to bicker over qualifications I never invoked such as "large scale", what ever "large scale" means to you subjectively.
Scale aside, silencing happened all the same, just look at the whistle blower lawsuits against the big banks: BOA; JP Morgan Chase; Countrywide; etc...
All of them had employees/investigators who discovered fraud and they were subsequently fired for blowing the whistle. Perhaps these examples fall more under the financial insiders I noted rather than economists, though I assume more economists would have got it right had the whistle blowers not been silenced.
http://www.publicintegrity.org/2011/09/22/6687/countrywide-protected-fraudsters-silencing-whistleblowers-say-former-employees http://www.publicintegrity.org/2011/09/22/6687/countrywide-p...
>the investigators were able to uncover what they believed was evidence that branch employees had used scissors, tape and Wite-Out to create fake bank statements, inflated property appraisals and other phony paperwork. Inside the heaps of paper, for example, they found mock-ups that indicated to investigators that workers had, as a matter of routine, literally cut and pasted the address for one home onto an appraisal for a completely different piece of property.
>http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106 http://www.rollingstone.com/politics/news/the-9-billion-witn...
>A few months into her tenure, Fleischmann would later testify in a DOJ deposition, the bank hired a new manager for diligence, the group in charge of reviewing and clearing loans. Fleischmann quickly ran into a problem with this manager, technically one of her superiors. She says he told her and other employees to stop sending him e-mails. The department, it seemed, was wary of putting anything in writing when it came to its mortgage deals.