Thursday, August 23, 2012
HOW THE BIG BANKS ACCIDENTALY ON PURPOSE "LOSE" THEIR DEPOSITOR'S RETIREMENT SAVINGS AND GET AWAY WITH IT, AS TOLD BY ECONOMIST AND WHITE-COLLAR CRIMINOLOGIST BILL BLACK -- WHO SENT OVER 1,000 SAVINGS-AND-LOAN CEOs TO JAIL FOR SIMILAR CRIMES IN THE EARLY 1990s. (IT APPEARS THAT TODAY'S BANKSTERS ARE "TOO BIG TO JAIL.")
Black Report: No Criminal Prosecution of Wall St. and Who is the European, Romney or Obama?
Bill Black Finance and Fraud Report: Goldman and MF Global avoid criminal charges and Romney accuses of Obama of being a "European"
Watch full multipart The Black Financial and Fraud Report:
William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri -- Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics. Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement. Black developed the concept of "control fraud" -- frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.