The Black Financial and Fraud Report
May 23, 2013:
![]() | Apple Achieves Holy Grail of Tax Avoidance | |
| Bill Black: Senate questions CEO Tim Cook how company earned $30 billion in 'international' profits while paying zero taxes | ||
![]() | Banks Win Big as Regulators Refuse to Rein in $700 Trillion Derivatives Market | |
| Bill Black: Weakness of financial regulators shows you can not "tame the scorpion" | ||
![]() | Obama says Economy Poised for Progress - Is It? | |
| Bill Black: Pres. Obama cannot expect growth in the economy when he continues the policies of austerity | ||
![]() | The War on Wages and The Road to Bangladesh | |
| Bill Black: In the name of competitiveness, the criminal conditions that led to
the deaths and injuries of thousands of workers in Bangladesh, are being
created around the world in a race to lower wages and working conditions | ||
![]() | Obama Sends Lew to Europe Preaching Growth While Practicing Austerity at Home | |
| Bill Black: Treasury Secretary Lew tells Europe to ease up on austerity while Obama makes major cuts
at home | ||
![]() | The Grand Betrayal has Arrived | |
| Bill Black: President Obama's bargain with Republicans opens the door to
Wall St.'s dream - the
privatization of Social Security | ||
![]() | Investigation Reveals Trillions Hidden in Tax Havens | |
| Bill Black: An international collaboration of investigative journalists has
released the names of wealthy individuals stashing as much as three times
the American GDP in tax havens | ||
![]() | Gender Wage Gap is Shrinking - Male Wages are Going Down | |
| Bill Black: Male workers wages are going down which makes gap appear
smaller; in higher incomes levels gap is getting wider | ||
![]() | From London to New York to Cyprus, Fraud and Financial "Insanity" | |
| Bill Black: Standard Chartered admits to fraud, no one fired or prosecuted;
Cypriot people force government to give up on taxing smaller depositors | ||
![]() | Will a Grand Bargain or Betrayal be Obama's Legacy | |
| Bill Black: Slate magazine says that President Obama wants a Grand
Bargain on budget cuts he can call his legacy - but it will be a Grand Betrayal
that makes the recession worse | ||
![]() | Austerity and the Death of Logic | |
| Bill Black: Both the GOP and the White House refuse to support a bill that
ends the sequester, it shows the real intention of the Obama administration | ||
![]() | Sequestration - Fourth Austerity Shoe Drops | |
| Bill Black: Both parties have conspired to bring us a disaster; Obama's
sequestration plan gives cuts without blame | ||
![]() | Clinton"s Policy of Not Prosecuting Bank Fraud Continues | |
| Bill Black: Clinton admin. thought that prosecuting big bank fraud wasn't worth the governments time and
could destabilize banking system - Obama continues the policy today | ||
![]() | More Geithner Without Geithner | |
| Bill Black: Jacob Lew confirmation hearing for Secretary of the Treasuery shows he was picked as a signal that the Geithner policies would survive Geithner, and that they're actually the president's policies | ||
![]() | Ecuador Chooses Stimulus over Austerity | |
| Bill Black: As Ecuador votes for new president, the stimulus policies of current president Correa have kept Ecuador out of recession | ||
![]() | Judge Rules Against a Bank - Precedent Could Cost Bank of America Billions | |
| Bill Black: Judge rules that Flagstar, a big mortgage lender that gave "liars loans", is liable to insurance company - same issues at stake in Bank of America case | ||
![]() | Creative Finance: Leaving Felons in Charge of the Banks | |
| Bill Black: Obama Administration following logic that to not investigate and prosecute banking fraud
builds trust in the institutions | ||
![]() | Davos Still Pushes Failed Global Vision | |
| Bill Black reports from Davos that the Global Competitiveness Report pushes countries towards even more deregulation - policies that helped trigger the crisis | ||
![]() | Stewart vs Krugman and the Religion of Austerity | |
| Bill Black: Obama has options, including the trillion dollar coin, to refuse to negotiate under the gun but he's taken them off the table; both sides subscribe to the dogma of austerity | ||
![]() | Krugman and Obama’s Dangerous Austerity Myths | |
| Bill Black: Obama nominates a Wall St. loyalist to help negotiate the "Grand Betrayal" | ||