Daily Archives: January 25, 2016

Will those who led the financial system into crisis ever face charges?

Posted on January 25, 2016 by Devin Smith | 3 comments

This is Terry Carter’s latest work and appears in the American Bar Association Journal. He interviews Bill Black along with other prominent figures about the lack of prosecution brought against those responsible for the financial crisis. You can read it here.

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Posted in William K. Black

Tagged banksters, criminogenic environment, the great financial crisis, white collar crime

Wall Street Declares War on Bernie Sanders

Posted on January 25, 2016 by William Black | 20 comments

By William K. Black

Wall Street billionaires are freaking out about the chance that Bernie Sanders could be elected President. Stephen Schwarzman, one of the wealthiest and most odious people in the world, told the Wall Street Journal that one of the three principal causes of the recent global financial trauma was “the market’s” fear that Sanders may be elected President. Schwarzman is infamous for ranting that President Obama’s proposals to end the “carried interest” tax scam that allows private equity billionaires like Schwarzman to pay lower income tax rates than their secretaries was “like when Hitler invaded Poland.”

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