fraud

Ten years after the financial crisis, Trump’s rise to power is a consequence of poor governance.

I knew Charles Keating, the head of Lincoln Savings, in my capacity as a financial regulator and as the subject of his wrath. His fraud schemes and the manner in which they targeted our system’s vulnerabilities in an era before Citizens…

The problem of not understanding fraud mechanisms is most intense among economists, who typically do not study fraud, do not understand fraud mechanisms, and have a tribal taboo against even writing or speaking the word “fraud.”

This note comes via New Economic Perspectives in response to Bill Black's article The housing appraisers warned us about the crisis but we didn’t listen that appeared here.

The appraisers’ petition began in 2000 and was public. When the regulators and prosecutors did nothing in response to the appraisers’ warning the appraisers delivered it to government officials to ensure that no one could say they were not…

A recent study confirmed that control fraud was endemic among our most elite financial institutions.

I have a panoply of links today. There is no one over-riding theme though I do want to address the Japan question in more depth at some point. I have seen some commentary from Kyle Bass and Jeffrey Gundlach on the dire straits Japan finds…

The culture of fraud in economics is a severe problem, and Harvard is a “hot spot” of that culture.

In the video below, Bill Black argues that the Obama Administration, following in its tradition of not bringing forward criminal prosecutions, decided not to prosecute Goldman Sachs. Bethany McLean argues the other side. The host, Maria…

After 1990 we removed what was left of financial regulations following the flurry of deregulation of the early 1980s that had freed the thrifts so that they could self-destruct. And we are shocked, SHOCKED!, that thieves took over the…