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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The rather large assumption here is that some dud mortgages caused a global financial crisis. Bob Hetzel argues convincingly that this isn’t the case.
If the Fed caused the crisis, does Bill Black think we should put Bernanke in jail?
oblivia,
You need to listen to this first to understand the background. Your characterization of “dud mortgages” is wildly off the mark. Bill Black explain it to Harry Shearer in a totally entertaining 2011 interview. Well worth listening to.
http://harryshearer.com/le-shows/may-1/?tag=bill%20black
This is an *excellent* article.