Community | February 07, 2011 | 3 comments

Reagan Made S&L Crisis Vastly Worse

treewolf39
William K. Black: Reagan obstructed prosecutions against a wave of fraud.
Bio

William K. Black, associate professor of economics and law at the University of Missouri, Kansas City, teaches White-Collar Crime, Public Finance, Antitrust, Law & Economics. A former financial regulator, he held several senior regulatory positions during the S&L debacle. Black is the author of The Best Way to Rob a Bank Is to Own One (2005) which focuses on the role of “control fraud” in financial crises. Black developed the concept of "control fraud" — frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined.
  1. groups:
    Community,   Collective Journalism,   Law and Justice,   Educating America,   1 more
  2. tags:
    Fraud,  Ronald Reagan,  S&L Crisis
  3. recommended by:
    EthicalVegan
  4.     
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3 comments // Reagan Made S&L Crisis Vastly Worse

  • ikenhower
    • +1
      ikenhower  

    • The republicans are resiliant, they keep bounceing back. Watergate didn't keep them down, then there was the S&L scandal. Iraq,Afganistan, Wall street. Is there anything left worth fighting for.

    • 1 year ago
  • peterzylstramoore
    • +1
      peterzylstramoore  

    • It's important to recognize that in all these video's on deregulation, but even much of the other foreign policy abuses, it may have been a modest exageration but still found it's grounding in bipartisan political policies in the US.

    • 1 year ago
  • treewolf39
    • 0
      treewolf39  
    • peterzylstramoore:

      I was in high school at the time and they were not teaching us proper. I am now getting a real education from many on this site Democracy Now and The Real News. When it comes down to it the top brass in the parties seem to agree on about everything.

    • 1 year ago
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