Tag Archives: William K. Black

By William K. Black April 8, 2016     Bloomington, MN (Crossposted from Huffington Post. Postscript added for NEP) Remember several weeks ago when Hillary Clinton was complaining that Democrats did not consider her a “progressive?”  Bernie Sanders’ big win in Wisconsin ended that tactic and propelled Paul Krugman and Hillary and Bill Clinton to race to the right, inadvertently proving Bernie’s point that they are not progressives on the key issues. In the last week, Hillary and her...

By William K. Black April 7, 2016     Bloomington, MN I am now officially an economic advisor to Senator Sanders, and this column reflects some of that advice.  Part of my advice is not to take money from Wall Street felons.   (I am not taking credit for Bernie’s decision — at most I supported a decision he had already made over a year ago.)  One of the reasons I reinforced Bernie’s decision was witnessing the problems President Obama experienced given his taking very large contributions...

By William K. Black We could, of course, retire the Bank Whistleblowers United’s Lemons title – for ignoring or trivializing elite fraud – by awarding it permanently to the Department of Justice (DOJ).  The current award is particularly close to our hearts because it involves DOJ ignoring the sworn testimony of one our founders, Richard Bowen.  DOJ did not ignore Bowen’s testimony because it was discredited, but because it was proven accurate – and should have led to the indictment of...

Crossposted from vice.com By John Dyer When news of the Panama Papers broke earlier this week, it was a bombshell. But it later emerged that German prosecutors had reportedly launched an investigation into the Mossack Fonseca law firm at the center of the controversy a year ago. (The investigation is ongoing.) American officials have also for years been trying to track money shifted around the world through shell companies that the firm specializes in establishing. Though governments around...

Cross-posted from ineteconomics.org The Panama Papers are not simply a story of public corruption as depicted in news outlets like the Wall Street Journal, says former financial regulator William K. Black. They’re a reminder that such corruption destroys the possibility for honest businesses to succeed. “Markets become completely perverse when cheaters prosper,” explains Black, a leading expert on corruption and finance and frequent speaker at Institute events. When cheating brings a...

By William K. Black April 5, 2016     Bloomington, MN I wrote a two-part column on the joint report by AEI and Brookings on poverty reduction.  Part two of my column focused on the policy that report pushed most prominently – a government program of propaganda urging pregnant women to marry.  My first article, however, criticized Eduardo Porter’s February 2, 2016 column in the New York Times for ballyhooing the supposed wondrous nature of Brookings and AEI working together.  Porter...

By William K. Black April 4, 2016      Bloomington, MN Paul Krugman April Fools’ Day column launched another attack on Bernie Sanders.  In it he announces that he, a strong Hilary Clinton supporter, is “Dad” and gets to set the rules for candidates – “it’s time to lay out some guidelines for good and bad behavior.”  This is a lot like John McEnroe giving lectures on tennis etiquette.  Two sentences later, Krugman mocks voters for Sanders in “very white states,” which is a pretty clear...

April 3, 2016 Chairman Jason Chaffetz House Committee on Oversight and Government Reform 2157 Rayburn House Office Building Washington, DC 20515 Ranking Member Elijah Cummings House Committee on Oversight and Government Reform 2471 Rayburn House Office Building Washington, D.C. 20515 Dear Chairman Chaffetz and Ranking Member Cummings: We, the founding members of Bank Whistleblowers United (BWU), write to express our support for the “Whistleblower Augmented Reward and Nonretaliation (WARN)...

By William K. Black April 3, 2016     Minneapolis, Minnesota I want to thank two prominent “freshwater” macroeconomists, Dr. Narayana Kocherlakota (until recently the President of the Minneapolis Fed and previously the Chair of the University of Minnesota’s economics department) and Dr. Kartik Athreya (Research Director of the Richmond Fed) for their article (2010) and book (2013) , respectively, designed to convey the current status of macroeconomics.  Reading their descriptions, and...

BWU/NEP’s Bill Black is interviewed by Greg Hunter over at USAWatchdog.com. The topic is fraudulent banking. You can view the post here. [Translate]