Macro N Cheese

Steve Grumbine welcomes the uncompromising and incorruptible Richard Bowen to the studio to discuss the intricate web of deception and fraud more commonly known as our private banking system. Having been at Citigroup during the mortgage crisis, he had an insider’s eye view of the stranglehold the large banks have on our country. The financial services industry is one of the largest contributors to political campaigns and there’s a revolving door between the regulatory agencies and the institutions they’re supposed to be regulating. He can only conclude that the banking lobby controls the government. In early 2006, when Citigroup consolidated its diverse mortgage operations, Richard was given a huge promotion to the position of chief underwriter. Citigroup was purchasing $90 billion worth of mortgages a year - mortgages they did not originate but purchased from other banks and mortgage companies. He was responsible for making sure  these mortgages met Citi’s  policy guidelines. And that basically w