S1:E4 The Pecora Files: Inside the Belly of the Beast The New Untouchables

Steve, Eric and Patrick are joined by William K. Black who reveals the curious case of Richard Bowen, former Citigroup VP and whistleblower, who blew the cover off the motherlode of fraudulent mortgages being sold through Citi. Bowen and Black engage in a trial examination-style conversation about why and to whom he reported Citi’s malfeasance, how the regulators teased him with their interest and despite the weight of his revelations, did nothing about it. Bowen also reveals why Robert Rubin deserves a special place in the history of financial crime.