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Tag: banksters

What Would It Take To Get Andrew Ross Sorkin To Call For Jamie Dimon To Resign? Bill Black

What Would It Take To Get Andrew Ross Sorkin To Call For Jamie Dimon To Resign?

By William K. Black I have concluded that the journalists who write for the New York Times’ “Deal Book” are incapable of embarrassment or introspection.  I have waited in vain for Andrew Ross Sorkin to make a New Year’s resolution … Continue reading

What Would It Take To Get Andrew Ross Sorkin To Call For Jamie Dimon To Resign?

Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy – Bill Black

Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy

By William K. Black (Cross posted at Benzinga.com) Only theoclassical economics constantly recycles variants of its worst ideas that have proven disastrous when they have influenced policy.  Other fields advance because they embrace the scientific method.  Theoclassical economists repeat their … Continue reading

Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy

Sorkin’s Paradox: Elite Bank Officers are “Worse” than “Repugnant” but Never Criminal – Bill Black

This is the third installment in my Sorkin Saga. The saga was prompted by Andrew Ross Sorkin’s (ARS) video in which he “outed” himself as the leader of an undercover effort by the journalists of the New York Time’s “Dealbook” and CNBC to discover and “out” the “criminal element” among the elite bankers. Here is the key passage from his video.

Why do Conservatives Oppose Prosecuting Elite Corporate Frauds? – Bill Black

There are at least four principles that virtually all conservatives purport to support – except when the potential defendant is socially elite. I have written previously about two of these principles on several occasions – the need for accountability and “broken windows” theory that calls for the prosecutors to make the prosecution of even minor street crimes a high priority if they have, even indirectly, a material effect on the community.