Cherchez la Verite: BILL BLACK: "THE IRONY IS THAT CNBC, THE MEDIA FOLKS WHO WORSHIP WALL STREET, OF ALL THINGS, TRIED TO EMBARRASS PAUL KRUGMAN IN A COLUMN BY SOLICITING A STATEMENT FROM BILL CLINTON THAT WOULD ENDORSE AUSTERITY. BUT THE STATEMENT CLINTON SENT OVER SAYS, IF WE ADOPT AUSTERITY NOW, IT WOULD SLOW THE ECONOMY, CUT JOBS, AND INCREASE THE DEFICIT." YET "THAT IS WHAT OBAMA IS TELLING US WHAT HE INTENDS TO SEEK." "THAT IS THE GREAT BETRAYAL." NEVERTHELESS, BLACK IS WORRIED "ABOUT WHAT ROMNEY WOULD DO ON THE SOCIAL SIDE AND TO THE COURTS ...WE WOULD ESSENTIALLY GUT ALL REGULATION, TREMENDOUSLY SCREW UP REPRODUCTIVE RIGHTS AND WOMEN WILL BE ENORMOUS VICTIMS IF ROMNEY AND RYAN ARE ELECTED."

Friday, November 02, 2012

BILL BLACK: "THE IRONY IS THAT CNBC, THE MEDIA FOLKS WHO WORSHIP WALL STREET, OF ALL THINGS, TRIED TO EMBARRASS PAUL KRUGMAN IN A COLUMN BY SOLICITING A STATEMENT FROM BILL CLINTON THAT WOULD ENDORSE AUSTERITY. BUT THE STATEMENT CLINTON SENT OVER SAYS, IF WE ADOPT AUSTERITY NOW, IT WOULD SLOW THE ECONOMY, CUT JOBS, AND INCREASE THE DEFICIT." YET "THAT IS WHAT OBAMA IS TELLING US WHAT HE INTENDS TO SEEK." "THAT IS THE GREAT BETRAYAL." NEVERTHELESS, BLACK IS WORRIED "ABOUT WHAT ROMNEY WOULD DO ON THE SOCIAL SIDE AND TO THE COURTS ...WE WOULD ESSENTIALLY GUT ALL REGULATION, TREMENDOUSLY SCREW UP REPRODUCTIVE RIGHTS AND WOMEN WILL BE ENORMOUS VICTIMS IF ROMNEY AND RYAN ARE ELECTED."

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Romney Wants to Privatize Disaster Relief
Bill Black: Part 1.

Financial and Fraud Report: Romney plan for smaller federal government and privatization is a way to make private profit from crisis

Obama's Social Security Reform: A Grand Bargain or Betrayal? Bill Black: Part 2.

While voting for Obama, people should be prepared for his plans to launch major cuts to social security

Bio

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.