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William Black On Financial Fraud

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Posted 24 February 2012 - 08:21 PM

http://www.econtalk....am_black_o.html

Quote

William Black on Financial Fraud
FEBRUARY 6, 2012
Hosted by Russ Roberts

William Black of University of Missouri-Kansas City and author of The Best Way to Rob a Bank Is to Own One, talks with EconTalk host Russ Roberts about financial fraud, starting with the Savings and Loan debacle up through the current financial crisis. Black explains how bank executives can use fraudulent loans to inflate the size of their bank in order to justify large compensation packages. He argues that "liar loans" were a major part of the crisis and that policy changes made it easy to generate such loans without criminal repercussions.

Link: http://www.econtalk....am_black_o.html

MP3:

IMF? Zombie banks? Too much debt? You've gone... JAPLANDIC!
http://www.japlandic.com

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Posted 24 February 2012 - 08:34 PM

What's interesting is that in the 1980's, 1000 bankers went to jail. In this crisis, no one has, except Madoff.

There are plenty of laws they have definitely violated. Fraud, in saying Goldman Sachs had no exposure when asking for a bailout (Paulson). Trading while insolvent. Pushing toxic waste. Manipulating the market in silver. Tax evasion probably.

Yet no bankers have gone to jail.
2012 prediction:

banks fall like dominoes in 2013, as funds are withdrawn into PMs.

Sarkozy, Obama and Merkel all fall from power.

the british housing crash is not gradual and slow, it drops like a stone on the day interest rates rise.

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Posted 24 February 2012 - 09:11 PM

Where's the perp walk?
http://www.theproper...hp?f=19&t=30978

If Dick Fuld didn't get done for his Repo105s or "Tangelo" Mozilo for the crap that went on in Countrywide then no one was going to jail.

Some choice links:

Too Big To Jail
http://www.newsweek....ig-to-jail.html

One Word Explains What Caused the Financial Crisis: Fraud
http://industry.bnet...nancial-crisis/

Who caused the financial collapse, and why arenít they in jail?
http://theloop21.com...arent-they-jail

Accountability and Transparency in the World of Big Money: Banks too Big to Fail and too Big to Jail
http://www.globalres...xt=va&aid=20672

Why Isn't Wall Street in Jail?
http://www.rollingst...n-jail-20110216

In Financial Crisis, No Prosecutions of Top Figures
http://www.nytimes.c...4prosecute.html

Speaker Wright and Secretary Geithnerís Shared Hate for Prosecuting Criminal Contributors
http://neweconomicpe...-geithners.html
IMF? Zombie banks? Too much debt? You've gone... JAPLANDIC!
http://www.japlandic.com

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Posted 24 February 2012 - 09:19 PM

One link not working - alternative:

Who caused the financial collapse, and why arenít they in jail?
http://blogs.alterne...t-they-in-jail/
IMF? Zombie banks? Too much debt? You've gone... JAPLANDIC!
http://www.japlandic.com

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