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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.
Mike Konczal is a Fellow with the Roosevelt Institute, works on financial reform, structural unemployment, consumer access to financial services, and inequality. He blogs for New Deal 2.0 and the Rortybomb, and his work has appeared at The Atlantic Monthly's Business Channel, NPR's Planet Money, the Baseline Scenario, Huffington Post, and The Nation. He was formerly a financial engineer and mathematical analyst. Konczal holds a MS in Finance and a BS in Mathematics from the University of Illinois at Urbana-Champaign.
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AzDar
(14,023 posts)turbinetree
(24,703 posts)Like what just happened today in the right wing world of Congress and there cronies
HR 766------------The Financial Enforcement Bill
Just passed with all of the Republicans along with ( 10 "DINO'S jumping on board)--------------260 total
This little "bill that Ryan and his corrupt team just put forth for final passage, just made it "harder' to go after Banksters , Hedge Fund managers, off shore accounts, and basically anyone when they rip off or cause a financial crises-------nothing will happen --the U.S. Attorney Generals Office and U.S. Attorneys can't do anything-------------nice huh..
This reminds of whats is going on in Flint and elsewhere in this country being run by you guessed it--------------- republicans and there corruption.
Not one republican voted against this measure, not one, but there were 10 ------------whatever you want to call them ---------------------cronies------------- sided with this shenanigan's
Think about that people, we have people in Congress that just passed a bill , creating a law to protect those that commit crimes and this right wing Congress just passed a law so that its legal, and harder to prosecute -------------------amazing--------------- and this has got to be laid at the feet of Paul Ryan and his cronies this coming election.
And now there on "lunch breaks" doing some more damage with the likes of ALEC, Club for Growth, bank lobbyists --------------------being created what behind close doors----------------how many hearings ort public comments did the public get on this matter?
None that I know of.......................
This is just insane
Honk------------------for a political revolution Bernie 2016
It is about getting a Progressive President, U.S. Supreme Court, Congress, and State and Local Legislatures
Feel the Bern................................
Jefferson23
(30,099 posts)Enthusiast
(50,983 posts)He should act as a consultant for Bernie.