The Phaserl


HSBC whistleblower to run for Congress

from Hang the Bankers:

A bank whistle-blower is seeking a more powerful position from which to hold too-big-to-fail companies accountable.

Everett Stern, a former HSBC employee who last summer called for fresh investigations into the company’s money-laundering controls, has launched a bid for Congress. Stern is campaigning to be the Republican nominee for the seat in Pennsylvania’s 13th district, which spans the northern suburbs of Philadelphia.

Incumbent Allyson Schwartz plans to give up the seat as she seeks to become the state’s governor. Stern is currently raising money and gathering signatures to have his name on the ballot for the Republican primary in May.

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