By William K. BlackOctober 18, 2016 Kansas City, MO What happens in the petrocracy formerly known as the State of North Dakota to the tiny minority of reporters who actually expose the misconduct of the petrocrats? Fracking has perverted many organs of the government in North Dakota into petro-cronies. They act to protect their petrocrat patrons from criticism from this minority of reporters. A county North Dakota prosecutor decided to use what is becoming the petrocrats’ favorite...
Read More »Will the Crisis of Confidence at Deutsche Bank Spread?
NEP’s Bill Black recently appeared on [email protected]’s radio show discussing the issues related to the settlement the DOJ is pursuing from Deutsche Bank. It has also appeared on the website. You can view it here. Share this:
Read More »‘Two Million Felonies’: Will The Wells Fargo Scandal Finally Change Wall Street?
Nothing clarifies the mind of a bank board member than the loss of lucrative business deals. Wells Fargo’s CEO says he will pay a penalty for presiding over his bank’s fraud wave. Could stricter sanctions follow, perhaps even a criminal investigation? We spoke with William K. Black Jr., economist and white-collar criminologist, about the implications of the Wells Fargo case and the laws that might have been broken. Rest of the post is at Huffington Post. Read it here. Share this:
Read More »Deutsche Bank is Too Big to Fail, Too Big For Big Fines?
NEP’s Bill Black appears on The Real News Network. Topic of discussion is Deutsche Bank, the German bank that was at the center of the LIBOR scandal and is likely to face upwards of $5 billion in a settlement with the Justice Department. Video is below. If you would like to see with a transcript, it is here.[embedded content] Share this:
Read More »Does a Golden Parachute Await Wells Fargo CEO John Stumpf?
NEP’s Bill Black appears on The Real News Network and explains why criminal prosecutions of executives time after time are not happening. The video is below and if you would like to view with a transcript, click here.[embedded content] Share this:
Read More »NEP’s Bill Black appears on The Monitor
NEP’s Bill Black talks with Mark Bebawi – host of The Monitor on KPFT in Houston. The topic of conversation is the Wells Fargo scandal and the settlement. You can listen to the podcast here. Share this:
Read More »Complaining of “Taco trucks on every corner” Is Capitalist Heresy
By William K. BlackSeptember 2, 2016 Bloomington, MN Donald Trump’s opponents have been having a field day with the latest gift from a Trump surrogate. One of Trump’s few remaining Latino supporters, Marco Gutierrez, a businessman and founder of Latinos for Trump, made an unintentionally hilarious prediction about how awful America’s future would be if Trump were not elected. “My culture is a very dominant culture and it’s imposing and it’s causing problems,” he told MSNBC. “If you...
Read More »Robbing Banks
NEP’s Bill Black appears on the Ralph Nader Radio Hour. Nowadays we have zero prosecutions of any of the people that led the three fraud epidemics that drove this crisis. And now they are highly skilled and have seen that they can get away with financial murder. And so they are already back in the business, already selling other toxic stuff and they’re going to produce the next crisis… You can listen to the podcast here. Share this:
Read More »Trump is Goldman’s Golden Goose
By William K. BlackAugust 23, 2016 Kansas City, MO The reporting of Susanne Craig of the New York Times and David Cay Johnston, who won a Pulitzer Prize for his reporting when he was with that paper, and has recently published The Making of Donald Trump, combine to allow us to draw a critical insight about Trump and Goldman Sachs. From Susanne Craig, we learn: [A]n office building on Avenue of the Americas in Manhattan, of which Mr. Trump is part owner, carries a $950 million loan....
Read More »Covering Up Whistleblowers’ Disclosures Should Be Illegal
By William K. BlackAugust 22, 2016 Kansas City, MO James Stewart has written a column about Roger Ailes’ alleged sexual predation on female Fox News personnel over the course of many years. He entitled it “Secrecy of Settlements at Fox News Hid Bad Behavior.” Ailes was the CEO of Fox News. I write to show how two concepts Stewart did not employ would aid the analysis and to suggest a fundamental change in the law that would make the world a far better place. The two concepts I add to...
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