Bill Black — "Reagan Made S&L Crisis Vastly Worse" on The Real News Network (February 7, 2011)
Former S&L regulator Bill Black explains the Reagan administration's role in deepening the Savings & Loan crisis of the 1980s.
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.
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Bill Black's website is: University of Missouri-Kansas City School of Law
Source: The Real News Network
Aired: 02/07/11 12:00 AM
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