To update our Spanish friends:
In an effort to bring MMT into the political debate in Spain, APEEP will be hosting Warren Mosler for his presentation of the Spanish translation of his book “The Seven Deadly Innocent Frauds of Economic Policy” during a one-week tour through Spain, starting with a presentation in Madrid, on the 14th of September; Valencia on the 15th of September; and Vila-real on the 17th of September.
David Cay Johnston, Brandon Garrett and NEP’s Bill Black appear on HuffPostLive discussing DOJ’s rules for Wall Street. You can view it here.
William K. Black
September 10, 2015
By issuing its new memorandum the Justice Department is tacitly admitting that its experiment in refusing to prosecute the senior bankers that led the fraud epidemics that caused our economic crisis failed. The result was the death of accountability, of justice, and of deterrence. The result was a wave of recidivism in which elite bankers continued to defraud the public after promising to cease their crimes. The new Justice Department policy, correctly, restores the Department’s publicly stated policy in Spring 2009. Attorney General Holder and then U.S. Attorney Loretta Lynch ignored that policy emphasizing the need to prosecute elite white-collar criminals and refused to prosecute the senior bankers who led the fraud epidemics.