William Black

William K. Black- Video: JPMorgan’s “Wild, Crazy Insane Gamble” Puts Global Economy at Risk

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William Black on JP Morgan and the Failure to Regulate Wall Street Fraud- Video

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May 23, 2012
William Black on JP Morgan and the Failure to Regulate Wall Street Fraud- Video

William Black on JP Morgan and the Failure to Regulate Wall Street Fraud- Video
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Why Progressive Austerians do the Greatest Damage

To many people, it seems paradoxical that conservatives target not the worst social programs, but the best.  There is no paradox.  Bad government programs are desirable from the right’s perspective – they discredit government intervention.  Good … Continue reading

Why Progressive Austerians do the Greatest Damage


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JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives – William Black

JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives – William Black

JPMorgan’s flacks and apologists have, unintentionally, exposed the fact that their cover story – hedging gone bad – is false.  JPMorgan runs the world’s largest gambling operation in financial derivatives.  The New York Times reported the … Continue reading

JPMorgan’s Senior Officers’ Addiction to Gambling on Derivatives


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Ex-ECB Head Proposes Giving Greece the Benton Harbor, Michigan Treatment

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May 20, 2012
Ex-ECB Head Proposes Giving Greece the Benton Harbor, Michigan Treatment

Michigan Governor Rick Snyder secured passage of “Public Act 4, the Local Government and School District Fiscal Accountability Act. The Act allows the Governor to appoint emergency managers (EMs) for any government in Michigan. The EM has unlimited dictatorial powers.
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The Merkel Myths that are Devastating Europe

The Merkel Myths that are Devastating Europe

The Merkel Myths that are Devastating Europe

By William K. Black (Cross posted from Benzinga.com) German Chancellor Merkel wishes to stamp out any belief that there is a “magic bullet” to deal with the renewed euro zone crisis. 


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New York Times Reporters need to Read Krugman’s Columns

New York Times Reporters need to Read Krugman’s Columns

New York Times Reporters need to Read Krugman’s Columns

By William K. Black To know the Washington Consensus as a regular citizen is to hate the Consensus.  The Washington Consensus, as the name implies, was an “inside the beltway” series of neo-liberal policies embraced by the IMF, the World … Continue reading

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The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!

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April 30, 2012
The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!

The Dutch Left’s Embrace of the Austerity Suicide Pact: It’s Necessary for the Children!

By William K. Black A remarkable, and terrible, thing has just taken place in the Netherlands of which few Americans are aware.  The ruling Dutch political coalition collapsed when the ultra-right wing party (the Freedom Party, led by Geert Wilders)...
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Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis

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April 16, 2012
Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis

Romney’s Lead Economist Urges Policies that will Cause the Next Financial Crisis

By William K. Black (Cross-posted from Benzinga.com) Presidential nominees of either U.S. party can secure economic advice from any economist in the world.  This makes it all the more amazing and sad that they choose economists with track records of … Read More »

The Wall Street Journal’s Weird Embrace of Pseudo Science and the War on Real Science

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April 13, 2012
The Wall Street Journal’s Weird Embrace of Pseudo Science and the War on Real Science

The Wall Street Journal’s Weird Embrace of Pseudo Science and the War on Real Science

By William K. Black The Wall Street Journal published a self-revealing news article on Tennessee’s recently adopted law (modeled on a template created by the Discovery Institute – a Christian group whose ultimate goal is preventing the teaching of...
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Green Slime Drives Our Financial Crises

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April 12, 2012
Green Slime Drives Our Financial Crises

“Pink slime” just had its fifteen minutes of fame.  BPI, the producer of pink slime, calls it “Lean Finely Textured Beef.”  BPI’s slogan is “expect a higher standard.” Pink slime starts with fatty tissues that are … Continue reading

Green Slime Drives Our Financial Crises


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The Silver Anniversary of the “Keating Five” Meeting – Citizens United’s Precursor

The Silver Anniversary of the “Keating Five” Meeting – Citizens United’s Precursor

The Silver Anniversary of the “Keating Five” Meeting – Citizens United’s Precursor

By William K. Black April 9, 2012 is the twenty-fifth anniversary of the most infamous savings and loan fraud, Charles Keating’s, successful use of five U.S. Senators to escape sanction for a massive violation of the law.  The Senators were … Read More »

The Amazing Vanishing Act: Accounting Control Fraud Disappears from the Regulatory Lexicon

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February 20, 2012

By William K. BlackCriminologists know that accounting control fraud causes greater financial losses than all other forms of property crime – combined.  Some of the world’s best economists, George Akerlof and Paul Romer, praised the S&L re...
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William K. Black on Financial Fraud

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February 8, 2012
William K. Black on Financial Fraud

William K. Black talks with EconTalk host Russ Roberts about financial fraud, starting with the Savings and Loan debacle up through the current financial crisis. Black explains how bank executives can use fraudulent loans to inflate the size of th...
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Holder & Obama’s Propaganda is “Belied by a Troublesome Little Thing Called Facts”

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February 1, 2012
Holder & Obama’s Propaganda is “Belied by a Troublesome Little Thing Called Facts”

By William K. BlackThe Obama administration’s record of prosecuting elite financial frauds is worse than the Bush administration’s record, which is a very large statement. Syracuse University’s TRAC issued a report on November 11, 2011 entitled �...
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The New York Times’ Ode to Foxconn and Anti-Employee Control Fraud

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January 23, 2012

By William K. BlackI wrote recently about Apple’s release ofinformation from its “audits” of its major suppliers.  Apple constructed the release to deny thepublic information on the identity of the suppliers that defrauded andendangered the ...
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Anti-employee Control Fraud

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January 17, 2012

By William K. BlackApple has released a report on working conditions inits suppliers’ factories.  It highlightsa form of control fraud that criminology has identified but rarelydiscussed.  I write overwhelmingly aboutaccounting control frau...
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Bill Black Chats with Dylan Ratigan: Firedoglake Book Salon This Afternoon

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January 14, 2012

Don't miss William K. Black on today's Firedoglake book salon.  Professor Black will be chatting with Dylan Ratigan about his new book, Greedy Bastards:  How We Can Stop Corporate Communists, Banksters, and Other Vampires ...
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Control Frauds Continue to Maim and Kill

By William K BlackThe financial scandal and the Great Recession that it causedhave understandably captured the bulk of our attention, but we must not losesight of the fact that “control frauds” continue to maim and kill enormousnumbers of people an...
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President Obama Negotiates our Formal Surrender to Crony Capitalism – and the Nation Yawns

By William K. BlackOn December 13, 2011, the Wall Street Journal published an article entitled “Banks in Pushfor Pact.” It was an obscure article buried in the real estatesection.  The article contained thisclause:  “Under the prop...
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What if the SEC investigated Banks the way it is investigating Mutual Funds?

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December 28, 2011

By William K. Black The Wall Street Journal ran a story today (12/27/11) entitled “SEC Ups Its Game to Identify Rogue Firms.” “Rogue” is an interesting word with a range of definitions. When it is used as an adjective its meaning is: “...
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President Obama’s view of fraud “from 40,000 feet” (without an oxygen mask)

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December 20, 2011
President Obama’s view of fraud “from 40,000 feet” (without an oxygen mask)

By William K. Black(Cross-posted from Benzinga)Sixty Minutes’ December 11, 2011interview of President Obama included the following gem:KROFT: One of the things that surprised me the mostabout this poll is that 42%, when asked who your policies favor ...
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Dante’s Divine Comedy: Banksters Edition

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December 18, 2011
Dante’s Divine Comedy: Banksters Edition

By William K. Black(Cross-posted from Benzinga)Sixty Minutes’ December 11, 2011 interview of President Obama included a claim by Obama that, unfortunately, did not lead the interviewer to ask the obvious, essential follow-up questions.“I can tell y...
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