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William K. Black
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Associate Professor of Economics and Law, UMKC
Distinguished Scholar in Residence for Financial Regulation, U. Minn. Law
Founding Member of pro bono, Bank Whistleblowers United that seeks to restore the rule of law to Wall Street
Former financial regulator
White-collar criminologist
Serial whistleblower
The regulator Charles Keating, the "Keating Five" and Speaker of the House Jim Wright most hated
Author of The Best Way to Rob a Bank is to Own One

Entries by William K. Black

Hillary and Bill and Paul Krugman Race to the Right to Stop the Bern

(0) Comments | Posted April 9, 2016 | 3:04 PM

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...

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DOJ Ignores Citi's Elite Criminals: Wins Whistleblowers' 4th Lemons Award

(13) Comments | Posted April 7, 2016 | 5:28 PM

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,...

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The Whistleblowers' Third Lemon Award Is to Fannie and FHFA

(2) Comments | Posted March 7, 2016 | 1:37 PM

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...

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Wall Street's Message to Young Adults: 'You Are Clueless'

(580) Comments | Posted February 21, 2016 | 4:35 PM

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."...

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Krugman and the Gang of Four Need to Apologize for Smearing Gerald Friedman

(19) Comments | Posted February 21, 2016 | 1:49 PM

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...

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President Obama Sides With U.S. Corporate Tax Cheats

(60) Comments | Posted February 16, 2016 | 12:40 AM

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...

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The Whistleblowers' Weekly Lemons Award Goes to Dr. Ben Carson

(3) Comments | Posted February 15, 2016 | 12:03 AM

The Bank Whistleblowers United announce an early winner of our second Financial Fraud Lemons of the Week award, and it relates to our inaugural winner, the Department of Justice (DOJ) for its lies about the latest humiliating settlement with Morgan Stanley. If DOJ had actually prosecuted the elite Morgan Stanley...

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The Inaugural Financial Fraud Lemons of the Week Award Goes to DOJ

(4) Comments | Posted February 12, 2016 | 1:08 AM

The Bank Whistleblowers United announce the inaugural Financial Fraud Lemons of the Week award. There can be no more fitting recipient than the ironically named Department of Justice (DOJ). The "lemon" is used in the economics and criminology literature to refer to a car of surpassingly terrible quality....

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The Whistleblowers' Plan Offers Hillary the Perfect Opportunity

(32) Comments | Posted February 11, 2016 | 1:41 AM

I am writing as one of the four founding members of Bank Whistleblowers United. We came together recently to create a detailed plan that could restore the rule of law to Wall Street and dramatically reduce the risk and damage of future financial crises. We crafted it so...

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Hillary, the Banksters Committed 'Fraud,' Not 'Shenanigans'

(85) Comments | Posted February 4, 2016 | 10:55 PM

Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their "shenanigans." The context was that she was being asked to respond to the complaint that she was too close to on Wall Street...

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The Wall Street Journal Lies About Liar's Loans (Pt 1)

(6) Comments | Posted February 3, 2016 | 11:26 PM

It is time to break out one of our two family rules again: It is impossible to compete with unintentional self-parody. How fraudulent is finance even now? The Wall Street Journal reports that "big money managers" want to bring back "liar's loans." The WSJ article exemplifies the lies...

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Announcing the Formation of the Bank Whistleblowers United

(8) Comments | Posted February 3, 2016 | 6:27 PM

I am writing to announce the formation of a new pro bono group and a policy initiative that we hope many of our readers will support and help publicize. Gary Aguirre, Bill Black, Richard Bowen, and Michael Winston are the founding members of the Bank Whistleblowers United. We are all...

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Jared Bernstein Tries to Reimagines Larry Summers As a Foe of the Bank

(20) Comments | Posted August 30, 2013 | 12:22 PM

Jared Bernstein was Vice President Joe Biden's chief economist and was the strongest economic voice within the Obama administration opposing inflicting austerity on the nation in response to the Great Recession. His August 28, 2013 column is entitled "Summers and the Banks." He begins by acknowledging that Obama...

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Zero Prosecutions of Elite Banksters Is Too Many Prosecutions for the Wall Street Journal

(9) Comments | Posted August 29, 2013 | 10:23 AM

Unintentional self-parody was the result to a coordinated effort by the systemically dangerous institutions' (SDIs) press flacks to gin up outrage that the Department of Justice (DOJ) would have the audacity to sue the SDIs' for their manifold violations of the law. The Wall Street Journal recalled one of its...

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The Mystery of Cannibal Capitalists and Ecuadorian Entrepreneurs

(6) Comments | Posted August 27, 2013 | 10:51 AM

This column was prompted by an unusual source for me. Cuenca High Life is a site for ex pats living in Ecuador. It often discusses serious issues of national importance. The three issues a recent volume discussed are all important economic issues and they have prompted a fourth...

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Mueller: I Crippled FBI Effort v. White-Collar Crime, My Successor Will Make It Worse

(6) Comments | Posted August 26, 2013 | 12:28 PM

FBI Director Robert Mueller is taking his victory lap as he steps down after 12 years of service. I have done three articles in a series that explains how the Mortgage Bankers Association (MBA) conned the FBI into adopting the Tea Party's mythology about the causes of the crisis -...

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Bhide: Pick a 'Boring' Fed Chair Because Supervision Is the Key and It Requires 'Dullness'

(40) Comments | Posted August 23, 2013 | 10:31 AM

This is my second column discussing Federal Reserve (Fed) regulation in the context of the question of who President Obama should appoint to be Ben Bernanke's successor. This column focuses on the sudden discovery by economists (and, purportedly, Obama) that the Fed Chair's most important function is to regulate. (If...

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The Banksters Master Irony: Push Summers & Geithner for Fed Due to Their Regulatory Zeal

(20) Comments | Posted August 21, 2013 | 11:42 AM

The big banks are desperate to prevent Janet Yellen from being appointed as Bernanke's successor to run the Fed. Their sexist attacks have backfired. On August 1, 2013, Deutsche Bank launched the single most absurd assertion to block Yellen's appointment. Deutsche Bank wants Larry Summers, or better yet...

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Obama's FBI Channels the Tea Party: Partners With the Banks and Blames the Poor for the Crisis

(97) Comments | Posted August 19, 2013 | 12:11 PM

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...

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The Incredible Con the Banksters Pulled on the FBI

(129) Comments | Posted August 16, 2013 | 11:35 AM

This is the second in my series of articles based on the FBI's most (2010) "Mortgage Fraud Report."

In my first column I began the explanation of how many analytical conclusions one can draw from a close reading of what is left out of the FBI...

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