By William K. Black
(Cross-posted from Benzinga.com)
The inspiration for this article was an op ed in the Wall Street Journal by Wendy Long, the Republican/Conservative Party of New York’s candidate for the U.S. Senate. Long’s thesis is: Continue reading
By J.D. Alt
I recently saw a newspaper photo of ten or twelve men sitting on a crumbling stone wall beside a dirt road. It was somewhere in Africa, but the location doesn’t matter. What matters is that the men, as the caption made clear, were sitting on the wall because they had nothing else to do: they had no land to farm, there was no local job or employment available to them, they had no savings or credit with which to start some venture. Continue reading
By Michael Hoexter
I drafted the “Mixed Economy Manifesto” as one attempt to create a common basis for anti-austerity economists and non-economists to argue against, in the clearest terms possible, the waves of government spending cutbacks that are advocated by misguided elites, by the right-wing and by right-leaning neoclassical economists. Continue reading
Columbia Journalism Review (CJR) has a post giving kudos to William Black for his performance on CNBC’s Closing Bell. The episode’s topic was whether or not Goldman Sachs should or could be prosecuted on fraud charges for their part in the financial crisis.
William Saletan has written a column that epitomizes the media’s bizarre infatuation with Paul Ryan. Saletan entitles his piece “Why I Love Paul Ryan.” His intro summarizes his attraction to Ryan: “He’s what a Republican should be: an honest, open-minded, solution-oriented fiscal conservative.”
One of Governor Romney’s criticisms of President Obama is that he “takes his political inspiration from Europe….”
Romney never gives specifics on this criticism. The irony is that Romney (and Representative Ryan) “takes his political inspiration from Europe” and that the European policies they embrace have already proven disastrous in Europe. Here are five examples: Continue reading
NEP’s William K. Black provides input on the approaching deadline imposed by statute of limitations on prosecutions related to the economic crisis. You can read the article here.
By William K. Black
(Cross-posted from Benzinga.com)
We know that the supporters of austerity simultaneously urge us to reject “European socialism” while adopting the key European strategies that drove Europe into recession – twice. American conservatives assume that Europe must epitomize stringent financial regulation. The opposite is true. Europe adopted “light touch” financial regulation pursuant to neo-liberal economic theory. Its embrace of the three “de’s” – deregulation, desupervision, and de facto decriminalization was far more extreme than the United States. The City of London “won” the regulatory race to the bottom with the U.S. European’s Continue reading
NEP’s own William K. Black weighs in on regulatory reform in light of Standard Chartered scandal. Read the story here.
Paul Krugman has written an article entitled “Culture of Fraud” about the Romney economics team.
Posted in William K. Black
Tagged accounting control fraud, bank fraud, fraud, Greg Mankiw, ideology
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