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William K Black , J.D., Ph.D. is Associate Professor of Law and Economics at the University of Missouri-Kansas City. Bill Black has testified before the Senate Agricultural Committee on the regulation of financial derivatives and House Governance Committee on the regulation of executive compensation. He was interviewed by Bill Moyers on PBS, which went viral. He gave an invited lecture at UCLAâ€™s Hammer Institute which, when the video was posted on the web, drew so many â€œhitsâ€ that it crashed the UCLA server. He appeared extensively in Michael Mooreâ€™s most recent documentary: â€œCapitalism: A Love Story.â€ He was featured in the Obama campaign release discussing Senator McCainâ€™s role in the â€œKeating Five.â€ (Bill took the notes of that meeting that led to the Senate Ethics investigation of the Keating Five. His testimony was highly critical of all five Senatorsâ€™ actions.) He is a frequent guest on local, national, and international television and radio and is quoted as an expert by the national and international print media nearly every week. He was the subject of featured interviews in Newsweek, Barronâ€™s, and Village Voice. He is the author of The Best Way to Rob a Bank is to Own One, and câ€“founder of Bank Whistleblowers United.
SHARE Thursday, February 16, 2017 Andrew Ross Sorkin's Attempt to Make Tim Geithner a Hero
I am watching the film Too Big to Fail based on Andrew Ross Sorkin's book of the same name. It led me to check out the price of the used book, which has fallen to $1.02, which is low enough that I am willing to buy a copy of the book, particularly since not a penny will go to Andrew Ross Sorkin.
(1 comments) SHARE Friday, January 27, 2017 Not 4 Sale: A Principle and a Slogan for Real Democrats
This article explains three critical reasons why the Democratic Party's leaders are far more insane than all but a few Democrats understand. It focuses on the leaders of the Democratic National Committee (DNC) and the New Democrats.
(4 comments) SHARE Thursday, January 26, 2017 The New Democrats' Addiction to Austerity Will Not Die
the Democrats should never mimic the Republicans' dishonesty, hysteria, and willingness to inflict austerity on the people of America and the world.
Unfortunately, the New Democrats embraced the economic malpractice of austerity with the passion of a convert.
(4 comments) SHARE Wednesday, October 26, 2016 Debt Derangement Syndrome: Saving Our Grandkids from Wall Street
Pete Peterson is back, and his message and rhetoric are always the same. The federal budget deficit is a disaster and -- any day now -- will produce massive inflation. Peterson has written his 20,000th version of this fantasy in the NYT with Paul Volcker. The first rhetorical game that Paulson plays is to assert that it is bad for a sovereign nation to run budgetary deficits because they are not "sound and sustainable."
(22 comments) SHARE Friday, October 21, 2016 Plutocrats Brag: We Win Because You Fail to Vote
The New Democrats and their Republican counterparts' economic policies have created a rigged system of crony capitalism. Crony capitalism produces devastating epidemics of elite fraud that have shrunk the overall economic "pie" and distributed the "pie" overwhelmingly in favor of corrupt corporate elites like Donald Trump and their political cronies like the Clintons.
(6 comments) SHARE Tuesday, August 2, 2016 Policing as a Tool of Systemic Racism
In order to understand the discussion of blood libels I need to provide the reader with a very brief overview of the key policing practices most relevant to race. This thumbnail history is necessary to understand a series of paradoxes that I will discuss in this series of articles. These paradoxes often are critical to understanding the intersection of police, policing, crime, gender, age, and race.
(4 comments) SHARE Tuesday, June 28, 2016 BREXIT Part 2: Roger Cohen's column on Brexit
Roger Cohen published a column decrying BREXIT.
Yes, "Project Fear" failed in its goal of intimidating voters. It isn't simply the "politicians" that failed, it was the "experts" -- the elites that rig the system in finance and the ideologues who create the self-inflicted wounds of EU austerity -- who designed the failed policies and grew wealthier and more powerful because of those policies.
SHARE Wednesday, April 20, 2016 Too Big to Fail From the Eyes of a Specialist
Dr. William Black concludes: "One of the reasons we, the Bank Whistleblowers United, proposed getting rid of the systemically dangerous institutions through the use of banking regulators' powers...is that it allows vastly quicker remedial action than the cumbersome FSOC procedure that took over two years to designate MetLife as posing a systemic risk."
Black is an economic advisor to Bernie Sanders.
SHARE Wednesday, February 3, 2016 How Many Lies Can the WSJ Pack into a Chart on Liar's Loans?
How Many Lies Can the WSJ Pack into a Chart on Liar's Loans?
This is the second article in my series prompted by the Wall Street Journal report that "big money managers" want to bring back "liar's loans." Given that the best study of liar's loans during the crisis found a fraud incidence of 90% -- this is a startling proof of how openly addicted to fraud the "big money managers" remain.
(3 comments) SHARE Saturday, January 30, 2016 Announcing the Bank Whistleblowers' Group's Initial Proposals
Announcing the Bank Whistleblowers' Group. so we ask each presidential candidate -- which portions of the Whistleblowers' 60-Day plan will you pledge to implement? We hope the candidates will commit to breaking Wall Street's power over our economy and democracy.
SHARE Wednesday, April 8, 2015 The Libertarian Plea to Bring Back Jim Crow: An Oxymoron
Yes, there are few things better designed to increase "liberty" than to encourage merchants to refuse service to whatever groups they hate.
According to conservatives, every leading candidate for the Republican Party's nomination for the presidency rushed to embrace the right of merchants to discriminate in the Indiana Act as originally passed.