Tag: financial fraud

Congress Introduces Legislation to Ensure Corporate Criminals Remain Above the Law

Posted by on November 20, 2015 in Government, Policies with 10 Comments
Congress Introduces Legislation to Ensure Corporate Criminals Remain Above the Law

New legislation from congress serves to make white-collar crimes above the law, Michael Krieger explains.

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The “Hyper-meritocracy” – an Oxymoron Led by Criminals

Posted by on October 8, 2013 in Economy with 0 Comments
The “Hyper-meritocracy” – an Oxymoron Led by Criminals

Editor’s note: In this essay, William K. Black challenges Tyler Cowens’ book “Average is Over: Powering America Beyond the Age of the Great Stagnation.” Summary: we do not live in a “winner-take-all” Nation. We increasingly live in a “cheater-take-all” system.

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FBI Channels the Tea Party: Partner with the Banks and Blame the Poor for the Crisis

Posted by on August 24, 2013 in Agencies & Systems, Government, Politics with 0 Comments
FBI Channels the Tea Party: Partner with the Banks and Blame the Poor for the Crisis

By William K. Black. This is the third column in my series discussing why the FBI and the Department of Justice (DOJ) have failed to investigate and prosecute successfully the largest and most destructive financial fraud epidemic in history. The series uses the FBI’s 2010 Mortgage Fraud report to tease out how the FBI and DOJ suffered such a defeat.

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The Unthinkable Happens: A Former TBTF Bank Chief Goes to Jail

Posted by on June 14, 2013 in Bankers & Wall St., Economy with 0 Comments
The Unthinkable Happens: A Former TBTF Bank Chief Goes to Jail

Like Al Capone’s merry band of bootleggers before their fateful brush with the legendary lawman Elliot Ness, today’s banking executives believe they can flout pretty much every law without the slightest fear of sanction.

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