The Washington Post (9/10) published an article on the the “success” of the AIG bailout. NEP’s William Black explains the issue of perverse incentives created by the successful bailout.
The Washington Post (9/10) published an article on the the “success” of the AIG bailout. NEP’s William Black explains the issue of perverse incentives created by the successful bailout.
Comments Off on Washington Post and the AIG Bailout
Posted in William K. Black
Tagged AIG, crony capitalism, Financial crisis, perverse incentives
In a recent article (9/8) at Huffington Post, NEP’s William Black provides support as to why Wall Street executives should face criminal charges relating to the financial crisis.
Comments Off on Too Big To Jail
Posted in William K. Black
Tagged accounting control fraud, criminogenic, Great Financial Crisis
By William K. Black
(Cross posted at Benzinga.com)
I was invited back to the give the welcoming keynote address last week to the 33rd SFOA International Bürgenstock Meeting. SFOA is an acronym for the Swiss Futures and Option Association and their meeting (long held at Bürgenstock, Switzerland but now at Interlaken) is the preeminent meeting in Europe on financial derivatives. The meeting attracts industry participants, regulators, and academics from all over the world. I’m writing from the Munich airport, where I get to wait overnight for a flight back to the U.S.
Posted in William K. Black
Tagged Control Fraud, gresham's dynamic, Subprime mortgage crisis