Posts filed under “Legal”

The Divide: Matt Taibbi on The Daily Show

In this exclusive, extended interview, author Matt Taibbi discusses wanting to spark a conversation about socially accepted white-collar crime with his book “The Divide.”

Matt Taibbi Extended Interview Pt. 1

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Author Matt Taibbi discusses the hypocrisy of a judicial system that grants criminals at the top of the pyramid bailouts, while rewarding other wrongdoers with jail time.

Exclusive – Matt Taibbi Extended Interview Pt. 2

(7:37)

Category: Bailouts, Legal, Video

Lessons We Must Learn from Charles Keating

Ten Lessons We Must Learn from Charles Keating By William K. Black April 2, 2014   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…Read More

Category: Legal, Think Tank

Anonymous Stock Tips, Touts & Fraud

A quick note this morning on anonymously stock tips, one I hope will be less cranky than yesterday’s screed. Greenlight Capital hedge-fund manager David Einhorn last month filed suit against the Seeking Alpha website, demanding to learn the identity of an unidentified blogger who had revealed that Greenlight was acquiring shares of Micron Technology Inc….Read More

Category: Hedge Funds, Legal

LIBOR: The World’s Most Dishonest Number

  The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR).  BBA called LIBOR “The most important number in the world.” LIBOR is actually many numbers that depend on the currency…Read More

Category: Legal, Think Tank

DealBook Misunderstands the Role of Corporate Lawyers

Deal Book Thinks Lawyers’ “Cardinal Rule” is to Advise CEOs how to Defraud with Impunity. Its not. William K. Black New Economic Perspectives, March 10, 2014 Overview and Background The New York Times’ “Deal Book” continues its ethics-free treatment of the ethical collapse of the leaders of many of our most elite firms related to…Read More

Category: Legal, Think Tank

The Cowardly Failure to Prosecute Bank Felons

One of the great “mysteries” of the post financial crisis era is why obvious criminality has not been prosecuted. We have been told it is more complex than it appears; that the securitization process has made determining exactly who was harmed complicated; that this complexity makes convincing a jury a crapshoot. All of these arguments…Read More

Category: Foreclosures, Legal, Really, really bad calls

Unconscionable:

Category: Foreclosures, Legal, Think Tank

Libor: The Spider Network

From the Wall Street Journal: The Libor manipulation scandal has ensnared at least 17 financial institutions and 28 individuals in a wide-ranging investigation spanning 11 countries and four continents. So far, it has netted at least $5 billion in penalties, with more on the way. Below, we’ve taken the most complete list of allegedly involved…Read More

Category: Finance, Legal, Regulation

Spying On Metadata

NSA Spying On “Metadata” Is As Bad As Listening to the Content of Our Phone Calls … Or WORSE Why Spying On Metadata Is Even MORE Intrusive than Listening to Content The government has sought to reassure us that it is only tracking “metadata” such as the time and place of our phone calls, and…Read More

Category: Legal, Think Tank, War/Defense

Surveillence of Citizens Is ALWAYS Aimed at Crushing Dissent

500 Years of History Shows that Mass Spying Is Always Aimed at Crushing Dissent It’s Never to Protect Us From Bad Guys No matter which government conducts mass surveillance, they also do it to crush dissent, and then give a false rationale for why they’re doing it. For example, the U.S. Supreme Court noted in…Read More

Category: Legal, Politics, Really, really bad calls, Think Tank