Daily Archives: July 15, 2013

What if Bernanke Had the Character to be Candid?

Posted on July 15, 2013 by Devin Smith | 6 comments

David Wessel has just published a fantasy piece in the Wall Street Journal that asks the question “what if Bernanke could be blunt” in his Congressional testimony later this week. Here are the first two things that Wessel envisions a blunt Bernanke as telling Congress:

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6 Comments

Posted in William K. Black

Tagged bernanke

NEP’s Bill Black Appears on Peak Prosperity Discussing Financial Markets

Posted on July 15, 2013 by Devin Smith | 4 comments

The Banks Have Blood on Their Hands and the regulators are too fearful to act. Bill returned to Peak Prosperity to explain whether the level of systemic risk due to fraud in our financial markets has improved or worsened since the dire situation he painted for us in early 2012. Sadly, it looks like abuse by the big players has only flourished since then.

4 Comments

Posted in William K. Black

Tagged banksters, too big to prosecute, too big to regulate

Why did the Fed Refuse to Heed the Appraisers, Prosecutors, and Industry’s Fraud Warnings?

Posted on July 15, 2013 by Devin Smith | 10 comments

By William K. Black

The Appraisers’ Warning of the Lenders’ Fraud Epidemic

Two of my recent columns have explained the effort by a very large number of appraisers to combat the “Gresham’s” dynamic that home lenders and their agents were deliberately generating by extorting appraisers to inflate appraisals. A “Gresham’s” dynamics perverts market forces. When cheaters prosper the markets drive honest firms and professionals out of business. Honest appraisers tried to block this dynamic.

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