Showing posts with label Bill Black. Show all posts
Showing posts with label Bill Black. Show all posts

Monday, November 2, 2015

Why The Banksters Are Winning | Bill Black






 Oh boy. If you have high blood pressure, you may want to avoid listening to this new podcast...

Bill Black, expert on Wall Street control fraud, returns to discuss the gross abuses of power rampant in our financial, political and judicial systems. In his estimation, regulation and enforcement of financial crimes have been completely gutted and de-fanged -- intentionally by corrupt politicians, and unintentionally by inept ones. All while the Justice Department turns a blind eye.




The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Saturday, November 15, 2014

Bill Black: Financial Regulations In Paralysis




Bill Black knows banks.

As a federal litigator in the late 1980s, Black played a central role in prosecuting the corruption responsible for the savings and loan crisis of the late 1980s. Since then he’s become one of America's top experts on financial fraud, which he see as endemic to the modern financial system.

In this interview, Black expresses his lament that the U.S. has descended into a type of crony capitalism that makes continued fraud a virtual certainty while increasingly neutering the safeguards intended to prevent and punish such abuse. This was not the case when Black was a regulator. In the aftermath of the S&L crisis, the U.S. Office of Thrift Supervision brought 3,000 lawsuits against identified perpetrators. In a number of cases, the OTS was able to claw back the funds and profits that the convicted parties had fraudulently obtained.

Fast forward to the 2008 financial collapse, in which the losses related to the household sector alone were over 70 times greater than they were during heart of the S&L crisis. The fraud was rampant and fairly obvious. Yet how many criminal referrals did the OTS make?

Zero.

What happened? Why has the OTS and other regulators allowed the same managements that crashed the mortgage market and dragged down the global financial markets with them to remain unprosecuted and free to continue looting the system?

To be sure, some of the fraudulent activity has been exposed, and the top banks have paid numerous fines for bad behavior. There have been a lot of settlements and civil cases, indicating that fraud was rampant. But in finance, you can always make more money. Prosecutions, on the other hand, get everyone’s attention.

Yet, Washington has been paralyzed. The U.S. attorney general has not begun a single investigation of criminal behavior by top management at major multinational banks. Seemingly there’s no real punishment for major misbehavior in the financial markets anymore.

In this interview, Black names names and highlights the extent of the government's complicity in extending this disgraceful state of affairs.



The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Monday, July 14, 2014

Bill Black : Who is the Unsung Hero of the $7 Billion Citigroup Settlement?

Bill Black says that a just settlement would've included criminal prosecution of senior Citigroup officials who led the fraud and covered it up





Tuesday, January 28, 2014

Bill Black -- Emerging Market Financial Crises Raise Concerns About Another Global Recession

Bill Black: A rise in inflation in emerging markets like Argentina is causing a state of panic amongst investors over the future health of the global economy


Monday, December 23, 2013

Bill Black : Kansas Board of Regents Moves to Squash Academic Freedom

Bill Black: Koch- brothers backed move by Kansas Board of Regents is draconian measure that could be replicated at colleges nationwide


Sunday, November 17, 2013

Bill Black & Greg Palast: Fed Chair Nominee Janet Yellen`s Record

Yellen In Line to Head Fed, But How Will She Lead? Economists Bill Black and Greg Palast discuss Fed Chair nominee Janet Yellen's record, pointing to her support of the repeal of Glass-Steagal as an indication of how she'll work with Wall Street.


Tuesday, November 5, 2013

Bill Black ~ The Fraud Report : First Wall Street Criminal Confession in a Generation

First Wall Street Criminal Confession in a Generation...Still No One in Jail Bill Black: SAC Capital Advisors pleads guilty to insider trading, but owner Steven Cohen has yet to face criminal prosecution.


Friday, November 1, 2013

Bill Black: Both Parties support Wall Street's effort to Deregulate Derivatives

House Passes Deregulation Bill Written by Citigroup Bill Black: Both parties support Wall Street's effort to deregulate derivatives .



Monday, September 16, 2013

Bill Black ~ Lessons learned from the failure of Lehman Bros., AIG



Five years ago, the Great Recession began with a global financial meltdown due to the collapse of several Wall Street companies. First, the Lehman Brothers investment bank filed for Chapter 11 bankruptcy protection, which was the largest bankruptcy filing in US history. Then, five years ago today, the Federal Reserve authorized a bailout loan of $85 billion to insurance company AIG. RT's Ameera David talks to William Black, former financial regulator and author of "The Best Way to Rob a Bank Is to Own One," about some of the lessons learned from the economic collapse, and why the income gap persists in this country.

Sunday, September 1, 2013

Bill Black ~ Wall Street Journal Considers Zero Prosecutions of Banks Excessive

The department of Justice claims they are cracking down on bank fraud but they are mostly imposing fines and targeting small fish





Wednesday, August 14, 2013

Bill Black ~ The Government is Finally Arresting Wall Street Bankers...For Losing Wall Street's Money

Bill Black ~ The Government is Finally Arresting Wall Street Bankers...For Losing Wall Street's Money . The Dept. of Justice will let JP Morgan's London Whale off the hook while prosecuting low-level traders.





Sunday, August 4, 2013

Bill Black: The Right Should Support the Return of Glass-Steagall

Bill Black: Glass-Steagall prevented a classic conflict of interest that any side of the aisle can blatantly see , Why the Right Should Support the Return of Glass-Steagall




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 Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of how exporting the manufacturing industry to poor countries like bangladesh actually costs more and not less , and how Obama is leading us to more austerity and that austerity is a disaster , Bill Black is the author of "The Best Way To Rob a Bank is to Own One"


Friday, June 28, 2013

BILL BLACK ~ We Should Reinstate reinstate Glass-Steagall Act

Three former financial regulators testify to the House Financial Services Committee in support of reinstating Glass-Steagall legislation and addressing Too Big to Fail Banks.


Bill Black is a former bank regulator who played a central role in prosecuting the corruption responsible for the S&L crisis of the late 1980s. He is one of America's top experts on financial fraud. And he laments that the US has descended into a type of crony capitalism that makes continued fraud a virtual certainty - while increasingly neutering the safeguards intended to prevent and punish such abuse.
In this extensive interview, Bill explains why financial fraud is the most damaging type of fraud and also the hardest to prosecute. He also details how, through crony capitalism, it has become much more prevalent in our markets and political system.
The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry William K. Black

Tuesday, June 4, 2013

Bill Black: Deficit is Dropping but is there a Real Recovery?

William Black: With surge in stock market, the wealthier are paying more taxes but working class wages are not rising and unemployment remains high, so this does not mean a sustained recovery of the real economy is underway


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 Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of how exporting the manufacturing industry to poor countries like bangladesh actually costs more and not less , and how Obama is leading us to more austerity and that austerity is a disaster , Bill Black is the author of "The Best Way To Rob a Bank is to Own One"

Wednesday, May 29, 2013

Largest Money Laundering Scam In U.S. History Busted


Authorities in the US and seven other countries have broken up what they call the world's largest money-laundering scheme. An online payment and money transfer website - Liberty Reserve - is believed to have moved more than 6-billion dollars of illegal funds. Bill Black: Operation involving drug money carried on for almost a decade before being charged; much bigger crimes on Wall St. go unpunished

Sunday, March 24, 2013

Bill Black : Financial Fraud From Cyprus to London to New York



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, The Real News interviews 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.
"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Thomas Jefferson

Blog Archive

“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?

PHILIP ZIMMERMAN, DER SPIEGEL

“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success
UNKNOWN

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow


When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
UNKNOWN


No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN

Freedom is not Free
UNKNOWN

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff


You can love your Country and not your Government

Jesse Ventura


" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan


"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato


The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki


"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki


"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "
UNKNOWN

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You
UNKNOWN

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World
UNKNOWN

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN