Forum Post: White-Collar Criminologist WILLIAM K. BLACK: What if the SEC investigated Banks the way it is investigating Mutual Funds? /// SEC Destroyed 9,000 Fraud Files Involving Wells Fargo, Bank of America, Citigroup, Goldman, Morgan Stanley, Lehman etc
Posted 12 years ago on Oct. 30, 2011, 7:23 p.m. EST by MonetizingDiscontent
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Bill Black: What if the SEC investigated Banks the way it is investigating Mutual Funds?
-December 28, 2011-
( ( ( f l a s b a c k ) ) )
SEC Destroys 9,000 Fraud Files Involving Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Credit Suisse, Deutsche Bank, Morgan Stanley, Lehman
http://globaleconomicanalysis.blogspot.com/2011/08/sec-destroys-9000-fraud-files-involving.html
-Wednesday, August 17-
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Rolling Stone: Is the SEC Covering Up Wall Street Crimes? by Matt Taibbi
http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817
-August 17, 2011-
William Black Describes fraud and liers loans in the economic crisis before the House Financial Services Committee
(((Video))) http://www.youtube.com/watch?v=J8CqaHTygSc&feature=related
William Black Tells It How It Is in 2008... Four years later not one indictment.
BILL MOYERS JOURNAL - William K. Black -PBS-
(((-PBS-Video))) http://www.youtube.com/watch?v=Rz1b__MdtHY
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 Moyers sits down with 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 what went wrong and his critique of the bailout.
-Capital Account-
William K. Black on MF Global and Jon Corzine Culpability
(((Video))) http://www.youtube.com/watch?v=tPZ6KHLys5E
-12/08/11-
-'CapitalAccount'- speaks to William Black, a white-collar criminologist and former WallStreet regulator who during the Savings and Loan crisis oversaw more than 10,000 criminal referrals, 1,000 felony convictions, and where hundreds of bankers went to prison.
From Goldman Sachs to governor to grilling, Jon Corzine former CEO of the now bankrupt MF Global testifies on Capitol Hill. He claims he is clueless about how and where the possible $1.2 billion dollars of his client's money is that is missing. How has all of this happened three years after the financial crisis when Wall Street was supposed to be reined in? And the golden boys of Wall Street have their Goldman tentacles spread over the MF Global case. The head of the CFTC - MF Global's regulator - has recused himself from the MF Global probe because he worked with Jon Corzine at Goldman Sachs.
Bill Black @ #occupywallstreet on Arresting Banksters
(((Video))) http://www.youtube.com/watch?v=4XJe7O-3QBc&feature=player_embedded
Oct 28, 2011
William Black: Not With A Bang, But A Whimper: Bank Of America’s Derivatives Death Rattle
http://dailybail.com/home/william-black-not-with-a-bang-but-a-whimper-bank-of-americas.html
Former Financial Regulator William Black: Occupy Wall Street A Counter to White-Collar Fraud
(((Video))) http://www.youtube.com/watch?v=zq-sO_uNaFw
(DemocracyNow!) Amy Goodman interviews William Black, a white-collar criminologist, former financial regulator, and author of "The Best Way to Rob a Bank is to Own One." Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City.
William K. Black is a true American hero.
::::::::Finally, a Judge Stands Up to Wall Street::::::::
http://www.rollingstone.com/politics/blogs/taibblog/finally-a-judge-stands-up-to-wall-street-20111110#ixzz1eRZZWT3J
(((By Matt Taibbi, November, 10, 2011)))
Federal judge Jed Rakoff, a former prosecutor with the U.S. Attorney’s office here in New York, is fast becoming a sort of legal hero of our time. He showed that again yesterday when he shat all over the SEC’s latest dirty settlement... http://www.washingtonpost.com/business/economy/judge-chafes-over-citigroup-settlement/2011/11/09/gIQAQ13m6M_print.html ...with serial fraud offender Citigroup, refusing to let the captured regulatory agency sweep yet another case of high-level criminal malfeasance under the rug.
The SEC had brought an action against Citigroup for misleading investors about the way a certain package of mortgage-backed assets had been chosen. The case is very similar to the notorious Abacus case... http://www.sec.gov/news/press/2010/2010-59.htm ...involving Goldman Sachs, in which Goldman allowed short-selling billionaire John Paulson (who was betting against the package) to pick the assets, then told a pair of European banks that the “designed to fail” package they were buying had been put together independently.
This case was similar, but worse. Here, Citi similarly told investors a package of mortgages had been chosen independently, when in fact Citi itself had chosen the stuff and was betting against the whole pile.
(((Continued Here))) http://www.rollingstone.com/politics/blogs/taibblog/finally-a-judge-stands-up-to-wall-street-20111110#ixzz1eRZzSZF4
White-Collar Criminologist & Former Financial Regulator -WILLIAMBLACK- Discusses Financial Fraud, Economic Collapse & Arresting Criminal Bankers (on Coast To Coast AM)
(((Video))) http://www.youtube.com/watch?v=c6dw9hCVLYU&feature=player_embedded&list=PL0686D2582179783C#!
20.11.2011
Professor William K Black explains the economic collapse and how 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, George Knapp of Coast to Coast AM sits down with Bill Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. How our economic crisis has been brought about by deliberate fraud on the part of banks involved in real estate loans.
Black was litigation director for the Federal Home Loan Bank Board deputy director of the Federal Savings and Loan Insurance Corporation and Senior VP and the General Counsel of the Federal Home Loan Bank of San Francisco which regulated some of the largest thrift banks in the U.S. Black offers his analysis of what went wrong and his critique of the bailout and the absence of justice for banking crimes and whether or not the population plays a role in demanding this justice.
Black clearly shows the Crisis was a farse and that they knew it was coming and actually caused it to happen. Black's expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of "control fraud", in which a business or national executive uses the entity he or she controls as a "weapon" to commit fraud.
The FED is a highly dangerous poisonous monster. And it makes the inflationary booms/busts sequence much easier to coordinate and survive for the banks that make high profits, and take over the assets of the land.
The panic of 1907 happened without a central bank but was a coordination, and an excuse from JP Morgan and others to establish their central banks. And that many cycles happened before that. Even though I am a free market capitalist in most ways i think banks need castrated.
Is America getting this? There are people out there telling us what went wrong and who did it, but NOTHING happens except more fraud. Congress is in on this. They have allowed the bailouts and the fraud. The bankers should be in prison. There is not one politician I trust. Someone has to hold these criminals responsible. The US is being destroyed by design. Obama is the head cheer leader for these illegal bailouts. We are being robbed and then expected to pay the robbers.
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