law

I picked up this Robert Reich quote from Politico’s Open Mic section, which echoes the sentiments expressed by a Massachusetts voter in my recent post “President Obama, are you listening?”: A third political party is emerging in…

CNBC's Diana Olick has the breaking story on alleged fraud in the mortgage industry. She has been writing about this for a few days now.  See Big Banks Accused of Short Sale Fraud - Realty Check with Diana Olick at CNBC’s website.…

Reuters reporter Matthew Goldstein has this breaking story: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the…

I had originally looked to add this video to the last post on Black about the federal reserve. But the video here showing Black speaking to Bloomberg News about the recent AIG scandal and financial regulation deserves a post of its own.…

This post by Bill Black originally appeared at New Deal 2.0. William K. Black is an Associate Professor of Economics and Law at the University of Missouri-Kansas City. He is a white-collar criminologist and was a senior financial regulator.…

I must be incredibly sleep-deprived because my last post overlooked a critical case in the financial blogosphere where the same issues of blogging and government coercion are at issue. I completely forgot that the Implode-o-Meter sites are…

Michael Arrington, a prolific blogger in the Tech community, has written a thoughtful piece on bloggers’ right/duty to protect confidential sources in the face of government pressure to do otherwise.  I’d like to post a portion of that…

Cynical? Yes. Spot on? Of course. This is what happens when government stops trying to defend consumer interests for the benefit of business interests. Source 'I'm going to shop around and find a rip-off bank that works for me' –…

Today is the first anniversary of Bernie Madoff's scam of the century which defrauded investors out of tens of billions. The former fund manager and head of NASDAQ who ran the world's largest ever financial fraud seems to be a hit in prison…

Last week after the Thanksgiving holidays, the Supreme Court started to hear oral arguments in Stop the Beach Renourishment v. Florida Dep't of Environmental Protection, a case of eminent domain.  This is the biggest case since the…