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The Black Financial and Fraud Report


Trump's Would-Be Drug Czar Helped the Drug Profiteers
Rep. Tom Marino has withdrawn his nomination as President Trump's new drug czar after revelations he pushed through a measure that worsened the U.S. opioid epidemic. White-collar criminologist Bill Black says Marino and other lawmakers have been bought off by pharmaceutical companies he says have acted as "illicit, criminal, drug dealers"

  October 20, 2017

Media Downplays Wells Fargo's Latest Scandals
Bill Black says the real scandal isn't just the 20,000 people who wrongfully lost their cars, but that fraudulent financial products are allowed to be sold in the first place

  August 14, 2017

GOP and Democrats Push Trump on Tax Reform
Former financial regulator Bill Black says the Democrats' demands are the result of bad economics and bad politics, while Trump's vision is "the type of thing that comes from ingesting too much peyote"

  August 6, 2017

Subprime Auto Loan Defaults on the Rise
White collar criminologist Bill Black says it's a very severe problem for consumers who are going to lose not only their cars, but also their credit ratings

  July 31, 2017

New Rules for Banks: 'Honest Bankers Please Step Forward'
Former financial regulator Bill Black offers bankers a challenge: Step forward if you support the new rule issued by The Consumer Financial Protection Bureau allowing consumers to bring about class-action litigation against banks who defraud them

  July 14, 2017

Barclays and Its Executives Are Charged With Conspiracy to Commit Fraud
Bill Black, author of The Best Way to Rob a Bank is to Own One says don't expect much - sadly, the British Serious 'Farce' Office that brought about the charges may not have the wits to carry out the prosecution

  June 22, 2017

Roll-Back of Financial Regulations Has Nothing to do with Complexity or Boosting the Economy
Former financial regulator Bill Black explains that the Republicans' effort to eliminate Dodd-Frank Act financial regulations serves the interests of the big financial institutions and has nothing to do with rules' complexity or impact on the economy

  June 14, 2017

GOP Policies Hurt Trump Voters, But Will Democrats Fill the Void?
White-collar criminologist Bill Black says that President Donald Trump's stumbles and the GOP's policies give Democrats an opportunity to win over voters, if they can offer a meaningful alternative.

  May 25, 2017

FBI Investigations Are Conducted at the Discretion of its Director
White Collar criminologist Bill Black explains the history and dynamics of FBI investigations, which show that they are not as unstoppable or unimpeachable as they are being made out to be

  May 22, 2017

Lawyer with Responsibility for Mortgage Crisis Appointed to Take Care of Mortgage Banks
Trump appointed Craig S. Phillips, who contributed to the 2008 financial crisis at Morgan Stanley, to take care of FannieMae and FreddieMac, explains white collar criminologist Bill Black

  May 12, 2017

Wells Fargo's Board Investigation of Itself Amounts to a Farce
Bill Black explains how the Wells Fargo scandal is emblematic of the bank's corporate culture and that the fined executives are only scapegoats

  April 13, 2017

President of Richmond Fed Leaks Insider Information and Gets to Walk Free
According to Bill Black, the investigation into leaking of inside information shows how banks and the Federal Reserve are riddled with conflicts of interest

  April 6, 2017

February Job Growth Barely Made Dent in Record Low Labor Force Participation
Newest government data still show trends of low wage job creation, racial disparities in employment, and workers continuing to leave the labor force, says economist Bill Black

  March 15, 2017

Chinese Telecom Giant Pays DoJ $892 Million Fine for Practices Trump Wants Legal For U.S. Firms
Bill Black says Trump wants to gut the Foreign Corrupt Practices Act to enable U.S. firms to engage in corruption

  March 9, 2017

High Frequency Trading in the Trump Era
White-collar criminologist Bill Black sits down with the Real News to spell out how the ballooning HFT industry works exactly, and where it's headed under President Trump

  March 6, 2017

New Democrats Seek to Block Rise of Progressives to DNC Leadership
Economist Bill Black explains why Democrats run the risk of alienating progressives - their most reliable voting base - if Tom Perez becomes the next DNC chair

  February 24, 2017

Steve Mnuchin, Who Played Key Role in Foreclosure Crisis, Confirmed As Treasury Secretary
Former financial regulator Bill Black says that a Mnuchin-owned bank made hundreds of billions of dollars of fraudulent mortgage loans that caused a financial catastrophe

  February 14, 2017

Republicans Plan to "De-Supervise" the Consumer Financial Protection Board
Overwhelming the CFPB with lawsuits and cost-benefit analyses will undermine its capacity to enforce regulation, says former financial regulator Bill Black

  February 2, 2017

Private Sector Will Make a Killing Off of Infrastructure Bank
Democrats and Republicans appear willing to offer public-private partnerships and tax credits to the benefit of Wall Street, says former financial regulator Bill Black

  February 2, 2017

Trump Set to Rollback Financial Regulation Passed After the 2008 Crisis
The Democrats have refused to challenge Clinton and Bush-era deregulation and explain the causes of the financial crisis to the public, says former financial regulator Bill Black

  February 1, 2017

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