board of directors, but how do you do that? and i was agonizing over the ash when on november the 2nd of 2007, it hit all of the press that they were calling an emergency board meeting for the coming sunday, november the 4th. and it was in the crash bed that charles krench was going to resign at the board meeting as chairman and robert reuben was the one to be named german of the board. that's it. yeah, that's how what my warnings to the board meeting. so the next day on saturday, november the 3rd, sitting at my kitchen table, i put together an e mail. i addressed it to robert reuben, who was, who was name chairman of the board the next day. i also sent it to the major

executives, the chief auditor, the chief financial officer, the chief risk officer. and i told them the story about how it been if, when warnings for a year and a half. wow. because i knew under sarbanes oxley, i knew they were legally bound to tell the board can tell investors that they use this fraudulent activity going on. this is, well hey, uh, i got their attention. all right. i subsequently to not to come back to the bank and this was not a fun time in my life, i imagine not going back to that period. you were clearly a detail person. you were looking at the numbers, the charge, the graphs,

the complicated data related not just the economy, of course, but to the banks holdings and loans. you saw this troubling pattern. you went to the banks, executives about it. and the reaction then was well at the beginning to just ignore you. why is it, why is it that they chose to ignore you? because obviously they have access to the same kind of information that you had. you're the why did they just dismiss you in? no one could argue with what i was saying. these are just technical exceptions. you know, there's no the, the, this is tony, you know, we're gonna have watches on this. and of course this was while the bubble was still expanding and you have those losses. and i said ok if it's, if it's simply a policy issue, it's technically against department change. the policy was i couldn't do that. but the real reason, in hindsight, john is this was

a very boss, suitable business model of buying. the fact would have personally been pretty honest. you were essentially suspended, still really at the high. and um, you know, if uh, if anyone paid any attention to what i was talking about, you know, the numbers were climbing the delinquencies, uh, uh, the walls, uh, they were going up again, it hadn't fully shipped yet. but there was no doubt where this is going to be at least here. let's talk about your mindset. at the time, you had been paid to do a job to advise the bank based on the economic data. you had done exactly that. your 1st ignored and then actively punished. when did you decide? all right, i've had enough. i'm going to go to the authorities and, and this is really for my own that. yeah, yeah, no why response,

you don't really onto this very that i needed to warn them. i mean, don't get thrown me out. and i wanna end up. that's when i wind up. this is, this is got to be stopped before. if i look in the car and i testified for 2 days while before t c in washington. um i actually gave them in this was in july of 2008. i actually gave them a 1000 pages, documents showing the man sheep ford that was going on within the city. and these, these young prosecutors in the room for some of the vision they got really excited me. and i only, we are going to show this. and then 3 months later i then i never heard anything from them. 3 months later was when citigroup was

bailout in 3 separate bailouts, where they received close to $500000000000.00 in capital in toxic asset guarantees. plus they received just another $2.00 trillion dollars of secret low interest loans on the federal reserve. we never for them that are about the 2 years like my and at the end of the united states government took ownership. i know they did not nationwide, but they took ownership of 36 percent of the world's largest bank. a and b has refused that they've locked up by testimony. they will release. and there's, there been many request under the freedom of information act release . some of the, you know, testimony that i gave them and they have totally refused saying that the documents

are confidential and trade secrets. so i guess that includes the fraudulent representations which were given to the purchasers of mortgage backed securities, which the s e sease own public website, where the security is one registered. richard, please stay with us. we're speaking to sitting group whistle blower. richard bowen about his actions during the economic crisis of 20082009. stay tuned. we have a lot more to come. 2 2 the good to buy the yes or share your guys the

label they're showing that the answer of the thing is the most form when you see the feel. sure. don't cry and skim. funny mean this thing that what was your g t e o you follow up with them? are stuff like you, let's proceed you t on the look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings accept. we're such orders at

conflict with the 1st law show alignment of the patient. we should be very careful about our personal intelligence. the point obviously is to create a trust rather than to the various jobs with artificial intelligence. we have somebody with him and the robot most protects his phone existence was alexis the welcome back to the whistle blowers. i'm john kerry onto we're speaking with city group west of lower richard bowen, who tried repeatedly to warn the bank bad prime and subprime mortgage loans could sink the company as the economy began to slow. he was ignored and then punished for his revelations. even though he did it in exactly the way that he was supposed to

do it, richard, thanks again for being with us. that. thank you, john. richard, i'm curious as to how far the company went to punish you for your revelations. it seems that so many big companies as well as government agencies simply don't care that we have whistleblower protection laws in the united states. the revelations you made should have been protected by law. so what happened once the company lashed out to you? i know that you eventually went to the government accountability project. one of the most important whistleblower groups in the, in the united states is that when that happened? well, the, um, i actually i did not originally go to the government accountability project. i'm very sorry that i didn't, i wasn't aware of in the beginning. mm hm. i started out with 2 separate attorneys

. and this is one thing i caution everyone about is i get good legal representation. my attorneys are very quickly figured out which side of the bread the butter was on, and it was not my side. and then i was later introduced to the government accountability project, which i know you're familiar with. oh yes, and they absolutely wonderful. when they took over with their marshal and they started guiding me through this, quite frankly, that's one of the reasons i think i survived the ordeal. is because i have the government accountability project on my back. and they have that with their legal prowess. they they protected me and really i great group of people. yes. yeah. they are. tell us more about your testimony before the securities and exchange commission and then later the financial crisis inquiry commission. at what

point in your whistle blowing, did that happen, and what was the reaction from your former bosses and colleagues at city group? well understand i was already gone. well, i wish i was growing out. i guess this was in the early 2008. and i really had no interaction with the uh, with my former colleagues, and quite frankly they um, they were very cautious of interacting with me also because i obviously had quite a stigma with the bank. um, but you were talking about the cc, you know, if you, you could, if you think about it and you can sort of understand what the fcc was doing. and this is a, a sad observation. but if they ever did release any of the 1000 pages

of documents that i gave to them, then they would basically have to admit that the united states government has full knowledge of the mastery on what's going on within the city group before they pay you. the amount and that's why they have continued to cover this up to date. in spite of many request under the freedom of information act, they still will not release any of those documents. richard, a psychologist to study, whistle blowers have concluded that they have a very highly defined sense of right and wrong. far more highly defined than the general population. but at the same time, people who blew the whistle on wrong doing almost never make of financial come back . how have you fared in the 14 years since you blew the whistle at city a? well, i will tell you the i became a professor little county at the united at the university of texas, dallas. and i attribute that to my sanity to be able to work with these young

people. and i am a cpa i the accounting background and to be only work with these young people in the end. why to prepare them to at least be conscious and aware when they join corporate cultures. and so that is, that is really now i recently retired from the university and i still speak on the subject on ethics. but um, you know, my, my being able to be a professor. i actually was a, was a haven and uh uh, helped me as i finished up as a matter of fact when i went to the c c. and when i ultimately testified, and we haven't talked about the she had before the financial crisis in for a commission. i was, i was

a professor at the university of texas with balance. excellent. and are what was their reaction like because, you know, it's, it's so often that uh, that really any large organization, including universities, are risk of risk averse. and here they've got a professor who is in the news he's testifying before the securities and exchange committee for commission rather on something that's arguably the biggest economic story of the last 75 years. they were okay with that. they treated you well understand. i never told the university, i didn't tell a few people that i was testifying before the cc. the only time it was widely known that i had testified was after i had testified the funding and inquiry commission and received all the publicity that went along with that. so

in the, in the school has been very, very supporting the, the, the dean of the school of me and it's not, he has been aware of everything that is going on and he has, he has supported me as well as the, the rest of the, the rest of this little, little ministration of it and then some stan, it's been exceptionally rewarding. it truly hash them. i want to tell you about an experience that i had with the securities and exchange commission and i want to get your reaction to it. i was the chief investigator on the senate foreign relations committee from 2009 to 2011. and there was a large scale ponzi scheme that had taken in thousands of americans for billions of dollars. and so uh, the cc was supposedly investigating this thing. i wanted to at least begin an inquiry up on capitol hill. and so i went to the c. c for a, a,

a previously scheduled meeting. they, they wouldn't let me in. now i had scheduled a meeting in advance. i had transferred my security clearance to the cc just so that there wouldn't be a problem, but they would only meet me in the lobby of the building. and then after the meeting was over and i went back to my office in the senate, they emailed me and asked him very politely, if i would please drop my inquiry. i wouldn't. and they went over my head and they called the chairman of the committee who was sitting under john kerry at the time my, my boss. and he forced me to drop the inquiry. what was the reception like for you at the cc? because the, the reason i ask this is the fcc is supposed to be the good guys here. this is what they're, they're in the position to do to investigate these kinds of allegations. it sounds like you had not such a great experience. i certainly had not such a great experience, but i'd like to hear your side of it. you know,

again from my side of it, they were initially they, they had tremendous initial enthusiasm as again these investigators, these, the, some of these were prosecutors under enforcement division. they got very excited when i was talking to them and going through the evidence that i was giving them and who was only later, you know, very short while later that obviously they received word from on high that they were to drop this and cover it up there there's, that's the only explanation. so really hearing here testimony was, was never made public know then or subsequently, you know, now they have refused continuously to risk, to release any of the 1000 pages of documents that i gave to them. and there's been, there's been a number of publications in new york times actually investigated. everything that

happened in september of 2013. they actually wrote a full page op add in there. so that's where we come in. the cert illegality shouldn't be shouted from the rooftops just like richard bo it did. we're right there wrong. let's keep it up. i'm john kerry apo and you've been watching the whistle blowers until next time. 2 2 the russian beach that means times for troops across the border grades, again, the sweep there will be no longer we, we will, they wanted to show us is dependent on the russian,

the western europe is dependent on n g a. m, or you can guess, and that's it. they did each actually face to be, you create new one the. so here we are in it says in post energy prices, which leads to the immigration of companies, less industry. and this is just the continuation of the nato obits. the website will shown that co bush is divided, giving in the same way as the sub is in that same way as the row you've got some time we is that will give from most by the boys. obviously, jack, that is the watson has sent me is better. oh, see i use the

now, can you use visa deployed here near to nancy kim's in a book that actually shifts me very the it's gonna be only a showcase in genes nathaniel. so i'm just going to the boys at the boys, the probably the one that's noun that'll be for them. imagery of assess florida doesn't want that. i faxed them, put the notes up under that the,

the law school is foreign minister, isn't mozambique? it's 3rd stalled on his diplomatic tour about forgot to deepen ties with long standing partners, many of which are in need of rushing fertilizer still partially blocked my questions, functions. are you creating an attack? leaves 5 dead uh, 19 wounded out of poultry farm and don't file. so official say us supplied. hi maurice rockets were used in the city, williamsburg. the sizes of lives were claimed and concentration counts during the 2nd world war in south africa by the british for a 100 years later, u. k. politicians live to excuse the south african concentration cons that exactly

the same mortality rates as existing laws go at the time so that not a good thing. but where else will people going to live when the use of concentration gotten opportunities within griggs, moving away from the green bucket and mutually beneficial limitations. the president of cuba and an exclusive interview with our tea, discusses the challenges his country on the world faces today. today he breaks nations as proponents of multiple hours each with corresponding views in global economy are proposing to give out the us dollar. first of all of the total rise agents to us as a foundation for more inclusive, mutually beneficial relations. the pro must go to the world. this is archie. i'm going to neil and you're welcome to the global news right on russia's foreign minister, isn't mozambique for talks?

his latest stuff on a tour of the continent. there is a platform of topics done for discussion. i was actually on a boy to host a world, a party or an r t told us from the east african nation earlier. is this 3rd stop on the uh, have you level african tour? he is a frequent visitor here. it's already his 4th uh, trip. uh, around africa, over the last years since the beginning of the russian military operation in ukraine. and this is not the case. it is because this constant then happens to be one of the most effective, surprisingly, so by the facilities between russia in the west of where you crane, because russia is the world's top supplier of both wheat and fertilizers. and some of those experts are being blocked by western sanctions. now there is one case in particular, last year, a very large batch of russian fertilizers were uh,

was fees by the european union. in fact, by latvia, roughly 300000 tons. and it took many, many months with the un mediations. you have them release the, here's what sort of gilbert all had to say about this, for the balloons, even though you're on the lake, many other african countries is in dire need of fertilizers. and they want the supply of russian fertilizers to continue and expand. we are ready for this. as you know, last september, president clinton said we're ready to transfer free of charge 300000 tons of our fertilizer. i legally seized the e u. ports to african countries. however, the leadership in full accordance with their colonial practices and habits blocks this initiative, it took 6 long months to send at least the 1st batch of $20000.00 tons to malawi. and recently, there was another shipment of a comparable amount of fertilizers to kenya, the same delivery as planned to nigeria in the near future. many africans,

including mozambique, where i'm standing right now have taking the position of neutrality on the ukranian conflict. some of them have proposed the peace initiative switch so far remain on unexplored. let's put it the diplomatically, but overall, russia intends to develop its relations with this continent. in fact, in it's a new foreign policy concept, the issue, the roughly 2 months ago, it was said that the russian federation is, is intending to make sure that africa becomes a distinct and influential center of global development. then the way to do that, according to of russia, is to help develop local industries. here in mazda and big, one of the areas of cooperation is oil and gas. this country is largely endowed with mineral resources with oil, in particular with many metals, but uh, over the last couple of decades they were primarily explored in mind by western

majors. and this is something that local can see constituents also want to change. one of the russian companies, the ross, may have has a 3 licenses to explore uh for oil in this country. and they, they're hoping to take this cooperation further to the areas of education. for example, russia is giving free scholarships to mazda and beacon students, they are also looking into development of a corporation in the public sphere. so lots on the agenda today later on. uh so gilbert off after finishing of his meetings in my put to so if you ever will travel to south africa for the meeting, all the foreign ministers of the bricks, countries with some other african nations also being invited to attend. so many of those discussions will be continued as he goes further on his journey. before arriving in most of the big rushes, top diplomats also visited kenya,

amber of the in i robi mr. loved golf underlined, a common understanding with his culture parts because imposed by the west. today's eclipse thing. and we have previous bronte which was reaffirmed today to utilize the country's natural resources in a way that puts the interest of its own people. first, for to continue colonial practice, we have a common assessment of what is happening in the international arena. the west, to maintain its hedge, a mobility and process of forming a multiplan cotton. it must take its word, the independent place to the to you will stay with our teeth throughout the day to get the latest on the circle of false african tour. um those upcoming talks with his most in beacon comforter part to don't boss the lou guns prep public 5 people have been reported killed and 19 others wounded. then a ukrainian attack this wednesday according to local authorities, us supplied. hi maurice rockets truck, a local poultry farm. the dead and the village of car patty are believe to be

specified. where you can see the after max from the damage done to instruction. vehicles. spoilers is necessary for the training and forces also attacked a ton of ship. a region overnight, according to at local officials were wounded. these are some of the latest images from this. several residential buildings were left damaged on the cars, destroys. he had another attack by you cream during the week, killing us at 1000000000 and leaving 2 more wounded when a refugee slick. so it was targeted local officials. and i also started the massive, by the way sion districts with the 1st group of 300 leaving the region today. well, the latest you printing and attacks coming up at all was the target of long range ukrainian drones, but damage several apartment buildings. in most schools side the west, the russian ministry of defense stated the 5 of the h u a. these were shocked, done by our defense systems labeled by electronic war 1st systems. those drones

bureau, of course, hitting several high rise apartment blocks closing broken windows, but without any explosive destination. emergency services were quickly on seen on the cities, merced said, there were no significant entries, multiple states, the attack was all but given the green life by western politicians. here's some of what was said in that regard. recently, the ukraine does have the legitimate rights to defend itself. it has the legitimate rights to do so within its own borders of course. but it does also have the rights to project force beyond this board is the took note of the reports, claiming allegedly that there are, there are some of the rooms flying over the region of most call. these is not really for us to come and we don't know anything about the origins about the details of, of it. the only thing i can recall and repeat is the strong coal by the european union, and not from the russia, not to use such incidents as

a pretext for further escalation. crane risk around strikes that very clear, we're gathering information. i'm not going to get into hypotheticals. from here we do not support the use of us maybe equipment being hughes or rushes and buster to the us. say's its washington, which is essentially nudging ukrainian forces, including extreme, is not less groups to conduct the techs. inside russia, in fact, they sounds like an encouragement for ukrainian terrorists is in the administration on the stand that no one believes the slogans about non supportive ukrainian strikes on russian territory. especially when these woods are pronounced somehow bashfully and hesitantly, the united states is consciously and they retrieve a believe to sending into the base of hostilities in europe. it's really, i don't, it isn't it that some when you put the west leads a native narrative under the microscope you keep coming up.