The failings of the Catholic Church and other similar institutions offer lessons not just for religious organizations, but any organization faced with issues that could result in potential scandal.
Published Articles
Do Cash Donations Make Churches Too Risky to Bank?
American Banker published Sheila Tendy’s article which examines how religious organizations appear to be caught in the bank de-risking vortex.
“De-Risking Threatens Religious Access to Banking Services”
Making the Right Call: When Protecting Kids Is Good Business and Good Law
The Penn State sexual abuse scandal provides an important opportunity to look at the assumption of risk entities take on when they work with kids yet fail to have strong child protection policies in place.
Read full article published in the Huffington Post
Elizabeth Warren’s Ultra Hip Rap Video Puts the Edge Into Regulating Consumer Financial Services
Elizabeth Warren’s macarena puts the cool back in regulating consumer financial services in compliance with federal law.
Published in the Huffington Post
Love on the Other Side of The Street – Can Hope Conquer Wall Street’s Woes?
The world is in the midst of an intense struggle for survival – Good versus Evil, Dark versus Light. We feel the grit of our times. None of it matters if we don’t feel a reason to hope for the future.
Published in the Huffington Post
Finding a Home for Toxic Assets: Where is the Final Resting Place?
There is a thinly veiled conundrum surrounding the new Public-Private Partnership Investment Program (PIPP) created by Treasury to help get toxic mortgage assets off the books of banks. Who will be the ultimate owners?
Published in the Huffington Post
Dangling from the AIG Noose – Our Slow and Painful Strangulation
As Americans are shaking their fists in the air over the payout of AIG bonuses, the Obama Administration took the nauseating position that it was unable to prevent the payment of bonuses and is unwilling to assume the legal risk of taking the money back. Wall Street plays hard ball and flips the bird at the President of the United States. There are no rogue actors in this deal.
Published in the Huffington Post
No You Can’t — Why Wall Street Management Refused to Question Good Results
Satan’s little helpers are alive and well. Their names are Greed and Avarice and their sins have proven deadly. Every financial institution sucked into the vortex of the economic crisis walked precisely the same road – they put unchecked and unadulterated greed ahead the interests of depositors, shareholders and the stability of the global economy.
Published in the Huffington Post
Fed Stonewalls Bloomberg News on Info Request — Necessary Confidentiality or Cloak of Secrecy?
On November 7th, Bloomberg News filed a federal lawsuit claiming that the Federal Reserve Bank has refused to identify the banks that received almost $2 trillion in emergency loans as well as the assets it accepts as collateral. With virtually no oversight, the Fed is quietly lending far more than the $700 billion bailout package passed by Congress.
Published in the Huffington Post
Hunting Good Will — Ripple of Hope or Chaos Theory?
The Lawyer’s Foreclosure Intervention Network (LFIN), the brainchild of the Federal Reserve Bank of New York and sponsored jointly with the New York City Bar Justice Center, is a volunteer program for attorneys to represent the most desperate homeowners facing foreclosure.
Published in the Huffington Post