"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Taibbi A veritable mountain of evidence indicates that when it comes to Wall Street, the justice system not only sucks at punishing financial criminals, it has actually evolved into a highly effective mechanism for protecting financial criminals. This institutional reality…
William Black on the lack of criminal prosecutions by DOJ What has gone so catastrophically wrong with DOJ, and why has it continued so long? The fundamental flaw is that DOJ’s senior leadership cannot conceive of elite bankers as criminals.…
Guan Jianzhong, chairman of Dagong Global Credit Rating to Financial Times “The western rating agencies are politicised and highly ideological and they do not adhere to objective standards.” “The financial crisis was caused because rating agencies didn’t properly disclose risk…
PBS has the video and a full transcript. Here’s an excerpt. Bill Moyers: Bill, are you describing a political culture, that is criminogenic? William K. Black: It’s deeply criminogenic. And this ideology that both parties are dominated by that says,…
PBS. Emphasis added. William K. Black thinks President Obama didn’t acknowledge a key component in the financial crisis that the bills before Congress won’t address — fraud. A former regulator who helped crack down on massive fraud during the savings…