One of the things that Matt Stoller has stressed that the possibility of reform is remote until breaks within the elites take place
The original NPR story presented my comments on Treasury’s opposition to brining criminal charges. Those comments were subject to what NPR labeled a “clarification” which meant they were removed from the program.
Finance is the largest driver of our surging inequality. The “sure thing” of accounting control fraud has paid well for the banksters.
By William K. Black After a decade of committing tens of thousands of felonies that the U.S. government believes helped fund terrorism and Iran’s development of nuclear weapons, having the great fortune of settling the cases without any senior officers … Continue reading →
By “misbehavior” he means “criminality” and “fraud.” Two sentences later he calls an obvious (massive) fraud “misconduct.” The next sentence calls it “misconduct” and says it “never seems to abate” despite prior settlements. While he is describing frauds throughout, Henning never uses the word “fraud.”
NEP’s Pavlina Tcherneva appears on The Real News on October 5, 2014. The topic of discussion is the slow recovery and why monetary policy that is directed at finance and not job creation has this effect.
In this first of several columns responding to the WSJ rant I discuss its failed literary allusions and tie these failures to some of the WSJ’s analytical and factual errors that render their rant risible.
By now you’ve heard that Citigroup admits—yet again—that it engaged in fraud. Heck, it was the business model under Bob Rubin. If you want to blame three individuals for the Global Financial Crisis, only Larry Summers and Alan Greenspan deserve more credit than Rubin.
By William K. Black John Cochrane, the U. Chicago apologist-in-chief for elite corporate criminals, might want to read what the industry says about fraud. Cochrane claims that the reason we have a modest economic recovery has nothing to do with … Continue reading →
Monday, July 7, 2014 provided another example of Paul Krugman explaining why austerity was an insane response to the Great Recession and the New York Times authoring another of its endless articles that assumes that austerity is essential to a eurozone recovery.