Thursday , March 28 2024
Home / Tag Archives: William K. Black (page 6)

Tag Archives: William K. Black

Bank Whistleblowers United Told DOJ to use 4506-T as Kryptonite v Banksters

Steven Krystofiak Warned the Fed 12 Years Ago By William K. Black August 6, 2018     Bloomington, MN Steven Krystofiak formed the Mortgage Brokers Association for Responsible Lending, a professional association dedicated to fighting mortgage fraud and predation.  On August 1, 2006.  He tried to save our Nation by issuing one of the most prescient warnings about the epidemic of mortgage fraud and predation and the crisis it would so cause. The context was Congress’ effort to empower and...

Read More »

How Democratic Party Mendacity about Deficits and Banksters Lifted Trump

By William K. Black August 2, 2018     Bloomington, MN Peter Suderman, the managing editor at Reason.com (hard right) has published an op ed in the New York Times entitled “How Republican Hypocrisy Lifts Social Democrats.”  His subtitle is “By its astoundingly cynical approach to deficits and debt, the G.O.P. has opened the door to an expansive left.”  What is actually astounding is that Suderman never mentions, much less discusses; the situations in which a Nation with a sovereign...

Read More »

Mankiw Whiffs on “Learning the Right Lessons from the Financial Crisis”

By William K. Black July 31, 2018     Bloomington, MN I am writing a major article on myths about the causes of the financial crisis, so I read with special interest N. Gregory Mankiw’s column “Learning the Right Lessons From the Financial Crisis.”  (HT: DCJ.)  The context of Mankiw’s article, as he appropriately discloses, is to do a favor for a friend by plugging the friend’s new book in Mankiw’s column in the New York Times.  I have no criticism of that purpose and applaud him for...

Read More »

Trump is the World’s Most “Expensive Lobbyist” for Google’s “Huge Antitrust” Problem

By William K. Black July 22, 2018     Bloomington, MN Trump’s language problems do not end with his double negatives and his endless contradictions of what he has just said or tweeted about Putin’s assault on our democracy.  Trump lies about everything, all the time.  His lies, however, frequently reveal the greater truth – he lives to betray America, his responsibilities as President, and his base.  One classic example is the illegal abuse of monopoly power used against Americans and...

Read More »

The Three Impossible Things Trump’s Base Must Believe before Breakfast

By William K. Black July 19, 2018     Bloomington, MN The Republican Party, for over 70 years, did not simply oppose the Soviet Union; it demonized Democrats as ‘soft’ on Russia.  This history makes the Republican Party’s increasing embrace of Putin’s Russia particularly bizarre. Forty percent of Republican’s now consider Russia “friendly” or an “ally” of the United States.  That percentage is nearly twice as large as in 2014 despite a large number of Russian attacks on the U.S. and the...

Read More »

Executive Coaching Achieves Miracle Success, and Self-Parody, at Nortel

By William K. BlackJuly 10, 2018     Bloomington, MN Economists generally focus on increasing productivity as the driver of development.  Among the most troubling economic developments in the West in the last decade is the weak gains in productivity, particularly in a time of rapid technological advances.  Neoclassical economics pictures firms as engaged in a fierce, endless battle for survival where failure is certain for firms that are even slightly less efficient that their rivals. ...

Read More »

Fed Lets Goldman Sachs and Morgan Stanley Off Hook, Investors Profit Billions

Even though Goldman Sachs and Morgan Stanley failed the so-called ‘stress test,’ to determine whether these banks can weather a financial crisis, the Fed allowed them to pay billions in dividends and stock buybacks to investors. Former financial regulator and NEP’s own Bill Black explains the consequences. You can view with transcript here. [embedded content] [Translate]

Read More »

Most Ignored and Most Far-Reaching Supreme Court Ruling Yet: Anti-Trust Law Hollowed Out

A major Supreme Court ruling, Ohio vs American Express, was completely ignored by most media outlets, even though it will have potentially devastating repercussions for consumers in the so-called ‘platform economy’: Uber, Lyft, AirBnB, Facebook, etc. NEP’s Bill Black explains the consequences. You can view with transcript here. [embedded content] [Translate]

Read More »