Tag Archives: William K. Black

By William K. Black March 24, 2016     Bloomington, MN Representative Nancy Pelosi has just written the latest effort by a prominent Democrat to bash Republicans for the high crime of not being financially illiterate.  The Republicans are frequently financially illiterate on budget issues and they bash Democrats for the high crime of not being financially illiterate.  The leaders of both parties share the hypocrisy of bashing the rival party for supporting budgetary stimulus in...

Bill appears on the latest podcast from the Tax Justice Network discussing banking, regulations and the Bank Whistleblowers United 60 day plan. [embedded content] [Translate]

By William K. Black March 3, 2016 The Bank Whistleblowers United’s third weekly lemons award is made jointly to the Federal Housing Finance Agency (FHFA) and Fannie Mae (with a dishonorable mention to the federal judiciary).  The award goes for these entities’ indifference and even hostility to whistleblowers.  On September 6, 2008, the FHFA placed Fannie and Freddie into conservatorship in conjunction with the largest public bailout in global history.  Fannie and Freddie failed in an orgy...

By William K. Black February 23, 2016     Bloomington, MN Secretary Hillary Clinton is asking Democratic voters to believe that she has experienced a “Road to Damascus” conversion from her roots as a leader of the “New Democrats” – the Wall Street wing of the Democratic Party.  When exactly this conversion occurred is never stated, but an interesting fact has emerged that demonstrates it did not occur during her service as the Secretary of State.  A Wall Street Journal story provides the...

William K. Black February 29, 2016     Brooklyn, N.Y. A blogger has trolled all heterodox economists as believers in the “occult.”  More precisely, he is upset about “econ people” (who are likely not economists) and who tweet him or post comments on his blog site.  The blogger further complains that these commenters say that they believe in heterodox economics and “new methodologies [that] are poised to topple mainstream economics.”  He then goes on to say:  “My typical response is to ask...

William K. Black February 23, 2016     Bloomington, MN In an unintentionally hilarious piece evincing exceptional moral blindness, Mr. Womack, a journalist, writes to Bernie. Senator, you are forming a mob of angry, misinformed people and then turning it on the likely Democratic nominee. That, Senator, is a dangerous and destructive game. Does your campaign honestly wonder why it has become synonymous with nasty online invective? Gosh, I would have thought that “nasty online invective”...

William K. Black February 21, 2006     Bloomington, MN Paul Krugman is plumbing new depths of moral obtuseness, arrogance, and intellectual dishonesty in what is now his third smear of the well-respected economist Gerald Friedman in two days.  My prior column discussed Krugman’s two columns on February 17, 2016.  Here is Krugman’s lead in his column dated February 19. On Wednesday four former Democratic chairmen and chairwomen of the president’s Council of Economic Advisers — three...

William K. Black February 21, 2016     Bloomington, MN Wall Street CEOs are very upset with young adults.  They believe you are “clueless” and “voting against [your] own interests” when you support Bernie Sanders.  A Wall Street CEO took to the pages of the Wall Street Journal to decry the fact that “Millennials are flocking to Sanders.”  It would be cruel to note that one has to be clueless to believe that writing an op ed in the WSJ was a good way to reach millennials supporting Bernie....

William K. Black February 21, 2016     Bloomington, MN If you depend for your news on the New York Times you have been subjected to a drumbeat of article attacking Bernie Sanders – and the conclusion of everyone “serious” that his economics are daft.  In particular, you would “know” that four prior Chairs of the President’s Council of Economic Advisers (CEA) (the Gang of 4) have signed an open letter to Bernie that delivered a death blow to his proposals.  Further, you would know that...

William K. Black February 16, 2016     Bloomington, MN I have been planning to respond to a January 26, 2016 article in the Wall Street Journal entitled “Washington’s Corporate Purge” that begins with the claim that “Bernie and Hillary compete to drive more U.S. companies overseas.”  My title was going to be:  “WSJ Shills for Tax Cheats and Cheers Race to the Bottom.”  The context was a typical WSJ claim that it was “moral” to do a tax inversion deal with Ireland to cut a U.S. company’s...