banking

The Next Global Financial Crisis is Inevitable

July 22, 2018
It has been ten years since the last major financial crisis. With systemic deregulation undoing the safeguards, we are due for another crisis very one soon. Thomas Hanna, research director of the Democracy Collaborative’s Next System Project, says it is almost guaranteed

Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate

March 15, 2018

New measures added to the financial deregulation bill include the deregulation of commercial real estate, which threatens to re-create the conditions that led to the 2008 financial crisis, says Bill Black

Once a Poster Child for Austerity, Latvia Becomes a Hotbed of Corruption

February 21, 2018

Austerity didn’t produce recovery in Latvia, it produced the semblance of recovery, says white-collar criminologist Bill Black. It also led to rampant criminal activity in the banking sector, such as money laundering, taking bribes, and violating sanctions against North Korea

Wall Street Wins as Senate Blocks Consumer Protection Rule

October 25, 2017

The Senate voted 51-50 to repeal a rule that would have made it easier for consumers to sue the financial institutions that defraud them. The move is “outrageous,” says white-collar criminologist Bill Black. “It should be a national scandal, and require resignations in disgrace”

In Historic Step, Banking Giant Cuts Ties With Tar Sands

October 12, 2017

Greenpeace’s Keith Stewart discusses the huge step by BNP Paribas to move away from tar sands and divest from ‘the dirtiest project on the planet’

Economy

September 20, 2017
Several government agencies and at least 34 state attorneys general have opened investigations into the Equifax data-breach scandal–which is ‘the gift that keeps on giving,’ says white-collar criminologist Bill Black

The Black Financial and Fraud Report

July 14, 2017
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

How Wells Fargo Keeps Scamming Its Customers & Employees

September 30, 2016

CEO John Stumpf faces grilling from Congress on why his bank keeps breaking the law, but if no one goes to jail, nothing changes, says economist Bill Black

Reality Asserts Itself - Robert Johnson

June 15, 2014
Mr. Johnson says the compulsive pressure of money in politics has led to an abandonment of rules other than rules which transfer risk onto the back of the public