Daily Archives: February 10, 2016

Time to Jail the Bankers and Take Back Control over Money

Posted on February 10, 2016 by | 10 comments

Randy Wray and Bill Black appear on “Clearing the Fog.” You can listen to the podcast here. Bill, of the newly formed Bank Whistleblowers United, speaks about the plan they have outlined to instill the rule of law on Wall Street and end fraud with the hope of mitigating the effects of the next financial crisis. Randy, an expert in financial instability and macroeconomics, speaks about alternatives to the current financial system that would bring greater stability.

10 Comments

Posted in L. Randall Wray, William K. Black

Tagged , ,

Hollywood Glorifies Bankers, Ignores Unsung Whistleblowers

Posted on February 10, 2016 by | Comments Off on Hollywood Glorifies Bankers, Ignores Unsung Whistleblowers

Bill Black reviews the highlights and holes of the film The Big Short in 2 parts on The Real News. You can view part 1 here and part 2 is here. Both have transcripts.

“Any request for loan level tapes is TOTALLY UNREASONABLE!!! Most investors don’t have it and can’t provide it. [W]e MUST produce a credit estimate. It is your responsibility to provide those credit estimates and your responsibility to devise some method for doing so.” [S&P 2001] [emphasis in original]

Comments Off on Hollywood Glorifies Bankers, Ignores Unsung Whistleblowers

Posted in William K. Black

Tagged ,