How to rob a bank | William Black

William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. 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. He is a criminologist and former financial regulator.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

US Has 25 Systemically Dangerous Institutions -- William Black

One thing that could trip up the economy, derivatives or trillions of dollars of global debt bets between big banks in the U.S. Former bank regulator Dr. William Black says, “Not only is the number massive, but 95% of that number is in only six banks in the United States. So, that’s a separate but critical issue. We don’t even have the honesty, and I mean globally, to call these things by their right name. By definition, these are ‘systemically dangerous institutions,’ but we call them ‘systemically important,’ like they deserve a gold star. They’re not important. They don’t help the world. Even the Fed says the way you get on this list is because when you fail, you are likely to cause a global crisis. Notice how I used the word ‘when’ not ‘if.’ We have roughly 25 of these systemically dangerous institutions in the United States. We have around 35 of these systemically dangerously institutions globally on top of that. So, we roll the dice just in the United States 25 times every day to see when the next one will blow up. . . . The fraud makes things very fragile.”







The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

William Black -- Why The Oil Prices are Falling ?

Falling oil prices...what does it mean?


 Professor William Black, University of Missouri-Kansas City/The Best Way to Rob a Bank is to Own One, joins Thom Hartmann. Oil prices are plummeting - and plummeting fast. Is this good or bad thing for the U.S. economy? And what kind of effect could it have on the world diplomatic scene - from Russia to the Middle East?




The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

To Rob a country, own a Bank -- William Black

William Black, author of "Best way to rob a bank is to own one" talks about deliberate fraud on Wall St. An explanation is - - who has the power? The golden rule. He who owns the gold, makes the rules! And correct, the U.S. government doesn't have the gold. The Federal Reserve does.




The founders hoped we would understand and make capitalism work. Its shortcomings are our shortcomings. If we all understood and made the system work, it would. But ignorance is easy to take advantage of. Today, we have the power to make a genuinely transparent global resource based 'economy'. I think the real question is whether people are capable of being intelligent and innovative enough to see the same dream, or whether they can only dream .

How to Rob a Bank: William Black

William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. 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. He is a criminologist and former financial regulator.


The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry William K. Black

William Black -- Massive rampant unprosecuted Fraud

 Epic Epidemic of Fraud





Fraud expert and former regulator Professor William Black says, "Even today, we are well into 2014, and the Department of Justice record is intact. There have been zero prosecutions of the elite officers who led the epic epidemic of fraud. It was the most destructive in world history, zero of them even unsuccessfully prosecuted, much less prosecuted."

What is the result of massive rampant unprosecuted fraud? Professor Black says, "If you don't have any accountability, you not only make certain that there is going to be a next blow-up, but it will be worse. . . . We have effectively removed the criminal laws for a particular elite class of frauds."

William Black -- The System Implosion Already Happened

Professor William Black is a former financial regulator and an expert in white collar crime. According to Professor Black, the financial system is headed for an even bigger collapse. As a major warning sign, Professor Black points to Treasury Secretary Jack Lew's recent complaint about no money for regulation in the recent budget deal. Professor Black says, "Jack Lew is the anti-canary in the coal mine because Lew has been gutting regulation for virtually all of his professional life. . . . Lew is saying, my God we've gone so far we're going to cause the collapse of the system. . . . You know when Jack Lew keels over, you know that carbon monoxide has already killed everybody reasonable." Professor Black goes on to say, "The system is ungovernable . . . It has already largely imploded." Join Greg Hunter as he goes One-on-One with Professor William Black, who recently updated and re-released his popular book "The Best Way to Rob a Bank is to Own One."

JPMorgan Chase CEO could face jail time ~ William Black

Despite the long list of violations already committed by JPMorgan Chase over the past several years, CEO Jamie Dimon added one more to the list. The executive explicitly violated a federal statute that has the potential to put him in jail for decades. The law violated can be found in Section 906 of the Sarbanes-Oxley Act, which aimed to reform accounting practices and protect investors. RT's Meghan Lopez asks William K. Black, associate professor of economics and law at the University of Missouri-Kansas City, why Dimon nor any other fraudulent have not been charged for their crimes.

Detroit files for biggest US City Bankruptcy

Detroit has become the largest city in Unites States history to file for bankruptcy after decades of decline and mismanagement rendered the city insolvent. Michigan's governor, Rick Snyder, said on Thursday that there was no other option to tackle the city's $18.5bn of debts. Al Jazeera's Caroline Malone reports.

Detroit has become the largest city in Unites States history to file for bankruptcy after decades of decline and mismanagement rendered the city insolvent.William Black, a professor of Economics and Law at the University of Missouri, talks to Al Jazeera about Detroit filing bankruptcy.

William Black ~ Revealed: Banks Rewarded and Blacklisted Appraisers to Artificially Inflate Real Estate Prices

Revealed: Banks Rewarded and Blacklisted Appraisers to Artificially Inflate Real Estate Prices . Thousands of appraisers warned Washington regulators of fraud during the seven years leading up to the housing crash

Bill Black: Deficit is Dropping but is there a Real Recovery?

William Black: With surge in stock market, the wealthier are paying more taxes but working class wages are not rising and unemployment remains high, so this does not mean a sustained recovery of the real economy is underway


The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of how exporting the manufacturing industry to poor countries like bangladesh actually costs more and not less , and how Obama is leading us to more austerity and that austerity is a disaster , Bill Black is the author of "The Best Way To Rob a Bank is to Own One"

William Black : Obamas Austerity is a Disaster

Bill Black: Pres. Obama cannot expect growth in the economy when he continues the policies of austerity Bill Black:Manufacturing in Bangladesh costs more not less

The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of how exporting the manufacturing industry to poor countries like bangladesh actually costs more and not less , and how Obama is leading us to more austerity and that austerity is a disaster , Bill Black is the author of "The Best Way To Rob a Bank is to Own One"

William Black : Clinton's Policy of Not Prosecuting Bank Fraud Continues

Bill Black: Clinton admin. thought that prosecuting big bank fraud wasn't worth the governments time and could destabilize banking system - Obama continues the policy today

Matt Taibbi & William Black on Bailout Secrets & How New Foreclosure Deal Spares Banks From Justice

DemocracyNow.org - Four years after the massive bailout that rescued Wall Street, we look at the state of the financial sector with Rolling Stone's Matt Taibbi and former financial regulator William Black. In a new article for Rolling Stone, Taibbi argues the government did not just bail out Wall Street, but also lied on the financial sector's behalf, calling unhealthy banks healthy and helping banks cover up how much aid they were getting. The government's approach to the banks came under new scrutiny this week after it reached an $8.5 billion settlement for improprieties in the wrongful foreclosures on millions of American homeowners, including flawed paperwork, robo-signing and wrongly modified loans. The settlement will end an independent review of all foreclosures, meaning the banks could be avoiding billions of dollars in further penalties, in addition to criminal prosecution.