Author Archives: Devin Smith

Lawyer with Responsibility for Mortgage Crisis Appointed to Take Care of Mortgage Banks

NEP’s Bill Black appears on The Real News Network discussing Trump’s appointment of Craig S. Phillips, who contributed to the 2008 financial crisis at Morgan Stanley, to take care of FannieMae and FreddieMac. You can view with a transcript here.

The Living New Deal

Announcing the New Map of New Deal New York
Two years in the making, The Living New Deal’s newest publication, a “Map and Guide to New Deal New York,” highlights nearly 1,000 public works throughout the five boroughs and describes 50 of the city’s notable New Deal buildings, parks, murals, and other sites and artworks. The 18 x 27 inch, multi-color map folds to pocket size, while three inset maps offer walking tours of the New Deal in Central Park, and Midtown and Downtown Manhattan. Beginning this week, The Living New Deal will host events in Manhattan to celebrate the map—and New Deal New York at large. You can purchase the map, and a poster of it, here.

Culture and Space: A Case Study of the New Deal at UNC
More than any other era in US history, the New Deal supported the development of new work in the arts. Two scholars at the University of North Carolina have compiled, “The Forest Theatre, Expressive Landscape, and the New Deal at UNC Chapel Hill,” a bibliographic essay exploring the relationship between New Deal structures and cultural projects at that campus, with special focus on the relationship between space and performance undertaken at the Forest Theatre. The essay suggests potential avenues for further research into the New Deal, emphasizing the politics of place and the arts, during the New Deal era. Read the entire essay.

Provided by: The Living New Deal

April 13, 2017 Wells Fargo’s Board Investigation of Itself Amounts to a Farce

NEP’s Bill Black appears on The Real News and explains how the Wells Fargo scandal is emblematic of the bank’s corporate culture and that the fined executives are only scapegoats. You can view the video with a transcript here.

Why did Preet Bharara Refuse to Drain the Wall Street Swamp?

William K. Black
(A co-founder of Bank Whistleblowers United)
March 20, 2017

The New York Times’ editorial board published an editorial on March 12, 2017, praising Preet Bharara as the “Prosecutor Who Knew How to Drain a Swamp.”  I agree with the title.  At all times when he was the U.S. Attorney for the Southern District of New York (which includes Wall Street) Bharara knew how to drain the swamp.  Further, he had the authority, the jurisdiction, the resources, and the testimony from whistleblowers like Richard Bowen (a co-founder of Bank Whistleblowers United (BWU)) to drain the Wall Street swamp.  Bowen personally contacted Bharara beginning in 2015*. Continue reading

February Job Growth Barely Made Dent in Record Low Labor Force Participation

NEP’s Bill Black appeared on The Real News Network discussing newest government data still show trends of low wage job creation, racial disparities in employment, and workers continuing to leave the labor force. Video is below. You can view with transcript here.

Trump’s 2005 Tax Forms: ‘Like Going to Dinner And Being Served Pictures of Food’

NEP’s Bill Black appears on The Real News Network along with economist James Henry hypothesizing that here are fraudulent and criminal activities lurking within Trump’s unreleased Tax forms. The video is below. You can view with transcript here.

Steve Mnuchin, Who Played Key Role in Foreclosure Crisis, Confirmed As Treasury Secretary

NEP’s William Black appears on The Real News Network discussing that a Mnuchin-owned bank made hundreds of billions of dollars of fraudulent mortgage loans that caused a financial catastrophe. You can view with transcript here.

MMT And Debunking AMI: Postive Money

Steve Grumbine talks with NEP’s L. Randall Wray for Real Progressives LIVE. Topics include MMT and Debunking AMI: Positive Money and other important and relevant economic issues that affect the progressive agenda.

Private Sector Will Make a Killing Off of Infrastructure Bank

NEP’s Bill Black appears on The Real News Network discussing that Democrats and Republicans appear willing to offer public-private partnerships and tax credits to the benefit of Wall Street. You can view with transcript here.

Executive Order on Regulations Will Benefit Large Corporations, Not Small Businesses

NEP’s Bill Black on The Real News Network discussing how the Trump administration is using small business as an excuse for wholesale assault on regulation. You can view with a transcript here.