William Black on JP Morgan and the Failure to Regulate Wall Street Fraud- Video
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 →
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 →
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.
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.
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) … Continue reading →
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 … Continue reading →
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 the … Continue reading →