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  • William Black

    William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches economics and law at the University of Missouri Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics.

    Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement.

    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. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management.

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    1 Syriza Wins in Greece: NYT and WSJ Still Get Their Re-Writes Wrong
    2 Syriza Wins and the NYT and WSJ Coverage Competes for Mendacity
    3 Vanity of Vanities; All is Vanity: Obama’s Vain Search for a TPP “Legacy”
    4 Obama’s Latest Betrayal of America and Americans in Favor of the Big Banks: TISA
    5 GM’s Cartoon Version of von Hayek’s “Road to Serfdom” – on the 70th Anniversary of D-Day
    6 The WSJ Suggests Hollande May Redefine Chutzpah by Complaining to Obama about BNP Paribas – on the 70th Anniversary of D-Day!
    7 Geithner: As Wrong about Soccer as Regulation
    8 Those who the gods wish to destroy: Bernanke’s Triumphal Pride
    9 Deal Book Embraces Unintentional Self-Parody
    10 Why Did George Kaufman, the Father of “Prompt Corrective Action” (PCA), Hate Ed Gray so Much that He Opposed Gray’s Embrace of PCA?
    11 Heard (but not understood) On the Street: The WSJ and Deflation
    12 Nobel Schizophrenia over the Georges: Stigler and Akerlof
    13 The Kamikaze Economics and Politics of Forcing Austerity on the Ukraine
    14 The Troika and the New York Times Bury the Issues, not just the Lead
    15 Wisse’s World: Where Feminists are Neo-Marxists and Inequality Critics are anti-Semites
    16 A Whistle-Blower From the Banking Industry
    17 James M. Cirona: In Memoriam
    18 Deflation: The Failed Macroeconomic Paradigm Plumbs New Depths of Self-Parody
    19 Ecuador and the Media's Selective "Victim" Memes
    20 What Would It Take To Get Andrew Ross Sorkin To Call For Jamie Dimon To Resign?, Real News Network, Real News, Real News For Real People, IWT are trademarks and service marks of IWT.TV inc. "The Real News" is the flagship show of IWT and Real News Network.

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