Subscribe: RSS Feed | Twitter | Facebook | Email
Home | Contact Us

Sherry Hunt: A True American Hero

Posted by Larry Doyle on June 9, 2012 9:08 AM |

“This case demonstrates that the notion that the bailed-out banks have somehow found God and have reformed their ways in the aftermath of the financial crisis is pure myth,” he says.

“Sherry is an absolutely fantastic lady who knows what she’s doing. She has a conscience. I have the highest regard for her.”

At this point in our nation’s history, America needs some real heroes.

Certainly those who had put and continue to put their lives in harm’s way for our freedom and liberty are true American heroes. What about in the world of finance, though? 

There must be individuals in our nation today with the courage and character to stand on principle in the face of illicit corporate interests. I encourage readers to share the names and stories of those whom have honorably distinguished themselves.

Regular readers of this blog know how highly I regard those whom I have elevated into our Sense on Cents Hall of Fame. Among some of the occupants of that hallowed hall are individuals whom I very much consider truly heroic, including: Gary Aguirre, Peter Sivere, and Mark Mensack. I am certainly overlooking many others worthy of public accolade.

On this note and for the benefit of all those who may doubt whether there are people within our large financial institutions who are willing to go right into the belly of the beast and expose the corrupt practices that corrode our national character, I humbly submit the name of another true American hero: Sherry Hunt.

I first touched upon the heroic efforts of Ms. Hunt in two commentaries this past February. If you want to put a little extra bounce in your step this weekend knowing that America still has people of tremendous character within our financial system, please allow me to share Sherry’s story profiled recently in Bloomberg magazine.

Some may think Ms. Hunt came forward within CitiMortgage only because of the potential bounty. Let me remind readers that the bounty was far from assured. Additionally, do not discount how heavy handed and intimidating corporate executives can be when addressing issues of this nature. In reading the article attached below, ponder Ms. Hunt’s position in light of what happened to Richard Bowen who had previously brought massive mortgage fraud right to the top of the bank.

While Citi has already put this situation in the rear view mirror, Wall Street and America need to aggressively pursue serious criminal actions against executives who oversee fraudulent practices.  That, my friends, is what needs to happen to root out these horrendous practices. Unless and until that happens, fines paid for frauds exposed are little more than a cost of business.

What does Ms. Hunt have to say?

“I want people to know they can come forward,” she says. “If I can do it, they can do it. We need to change what’s wrong in our own backyards, and that’s how we end up changing the big things.”

Read and take pride in this true American hero, Ms. Sherry Hunt. Do not think for a second that the practices exposed by Ms. Hunt were not going on within many other institutions for a long time. Perhaps they still are.

Enjoy, Woman Who Couldn’t be Intimidated by Citigroup Wins $31 Million

Larry Doyle

ISN’T IT TIME to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook?

I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • Peter S.

    Annie Oakley may have been a better shot with a six shooter, but when it comes to skin’en varmints, Sherry Hunt rocks!

  • Mark Mensack

    Larry,
    Thank you for your kind words.

    Mark

    • Michael

      Mark,
      I had the displeasure of working with you. In my opinion you hide behind “ethical” behavior. I don’t always agree with FINRA but this panel got it right this time. You teach ethics? You should be a goddamn student .

  • Peter Sivere

    Larry,

    Thank you for the mention. You are a true patriot and people who visit your blog know that. Keep up the great work. Sherry Hunt – – way to go. Another great patriot.

    Thank You ,
    Peter

  • Ray

    Sherry Hunt, the Annie Oakley shooting up the bad guys on Wall St. Evil never sleeps there, but this time at least gets exposed again and has left their wallets a bit lighter.

    What criminals!! How do their wives/husbands live with these crooks? Great story about great courage. Thanks so much for including this in your blog. I appreciate it greatly.

    Blessings!

  • Major kudos to Sherry Hunt and her husband who was with her all the way.

    When will the DOJ start putting the criminals behind bars? I hear that’s where some of them really find God. Not sure if I even believe that though.

    Good work Sherry. God bless you and Jon and have a fabulous life!

    ~Cate

  • Karen

    I am so impressed with Sherry Hunt and what she did! It would have been so much easier to look the other way, but she took the high road. I’m going to show the Bloomberg article to my husband and 4 kids to show them what a true hero is!






Recent Posts


ECONOMIC ALL-STARS


Archives