Underhanded financial dealings are really just a house of glass, or a house of cards–either way, it doesn’t take much to knock down this pseudo-wealth. Think of it this way: if you pay one credit card off with another credit card, it can appear everything you bought was acquired for free. But then the second credit card requires a payoff, predicating the need for a third, fourth, fifth, and six credit card; and eventually you have to either pay the debt, or face the possibility of losing anything you purchased on credit. This is ridiculous enough in small-time social circles, but when underhanded activity of this type is going on at the highest echelons of power, it can spell worldwide recession; and it has. 2008’s financial collapse occurred because persons in financial authority made bad investments predicated on logic of the type involved in the previous credit-card illustration, only in this case the poorly made investments concerned sub-prime loans. These loans through novation were used to surrogate actual money.
A novation in finance is like the transitive property in Algebra. If A equals B, and B equals C, then A equals C. That only applies should the quantities actually equal each other. With novation, this is usually the case–except with sub-prime loans given out via Freddy Mac and Fannie Mae. Basically, people without any money or way of acquiring it were given massive loans they couldn’t pay back, and eventually the house of cards imploded. Had some whistleblowers been available to help alert organizations like the SEC that such activity was taking place, it’s likely it could have been prevented.
This is why the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed in 2010. This Congressional act gives whistleblowers employment safety and incentives to do the right thing. But it doesn’t guarantee anonymity. For that there’s Labaton Sucharow, a legal agency who has Jordan A. Thomas leading a team of professional SEC Whistleblower attorneys to ensure justice is done. Thomas pioneered the Dodd-Frank reform legislation while working at the SEC, and since he’s at Labaton Sucharow now, clients can be guaranteed of the finest possible representation. Initial consultations are entirely free of charge, and anonymity may be maintained–though Sucharow strongly encourages potential clients to reveal themselves to potential attorneys; client-attorney privilege protects all confidentiality considerations. Finally, Labaton Sucharow can maximize incentive returns while fighting the case on behalf of a client who remains perpetually anonymous.