I’ve written recently about the embarrassing nature of the New York Times’ coverage of Greece (and the eurozone more generally), so it is time to describe the even more appalling coverage by …
The most recent crisis was driven by the three most destructive epidemics of financial looting in history. The three fraud epidemics hyper-inflated the financial bubble and caused the enormous losses that led to the financial crisis and the Great Recessions in the U.S. and in Europe.
By William K. Black Bloomington, MN: December 17, 2014 President Obama and then Secretary of State Clinton decided that America has a critical shortage of banksters and decided to import some from Ecuador. The banksters showed their gratitude by showing the … Continue reading →
By William K. Black Bloomington, MN: December 16, 2014 On June 20, 2012 the UK Commercial Secretary to the Treasury, Lord Sassoon of Ashley Park gave a speech to the British Bankers Association – the group the U.S. government (i.e., … Continue reading →
President Obama is a terrible negotiator and if Senator Warren and Representative Pelosi are unable to save him from himself he will effectively end his presidency as even an episodic force for good.
We know that insider trading is an activity in which cheaters prosper. We know that Wall Street and the City of London are dominated by a fraudulent culture and we know
New York City exemplifies two perverse criminal justice policies that drive many criminologists to distraction. It is the home of the most destructive epidemics of elite financial frauds in history.