« Dr. William K. Black: The Great American Bank Robbery »
Hat tip to reader and blogger (and fellow Alex Brown alum) Ian Williams for sending us this phenomenal clip. Dr. William K. Black is back. We've profiled the esteemed truth-teller before on these pages and are happy to do so again with this recent speech he delivered at UCLA. I haven't yet watched the entire 90 minutes, so I will present the short summary Ian sent along with his email:
- "Great piece by William Black discussing what real regulators did back in his day. He mentions that the Keating 5 literally wanted to kill him for his whistleblowing, and discusses the $400 million lawsuit they filed to muzzle him, as well as the role of the FBI was during this entire sordid mess. Outstanding stuff all the way through. We need all regulators like this - Mary Shapiro could learn a lesson or two."
You might want to set aside some time to watch this one.
From Economic Perspectives:
William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. (Run Time: 1 hour, 38 min.)
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Monday, August 10, 2009 at 3:29PM
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Reader Comments (8)
http://www.thebarricadeblog.com/
And here is our earlier coverage of Black...make sure to see this if you haven't already...from Bill Moyer's Journal on PBS...
http://dailybail.com/home/sl-regulation-heavywieght-william-black-charges-geithner-sum.html
Where's Obama (Waldo)
Find the hidden Obama joker and you win big!!!
At 40:20, Black rips Geithner an entire, new asshole. From scratch. Black at his brutally honest best. Don't miss.
Peace
Have you seen this?
Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says
http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno