finance

Countering Chinese Accounting Control Fraud and Predation Against U.S. Investors

Countering Chinese Accounting Control Fraud and Predation Against U.S. Investors

December 16, 2018

William K. Black, December 18, 2018     Bloomington, MN On December 13, 2018, the Wall Street Journal published an interesting op ed by Jesse M. Fried, a famous law professor in multiple areas of corporate law, and Matthew Schoenfeld, who works at a hedge fund that is the leading funder of civil lawsuits, primarily fraud and…

Trump Models His War on Bank Regulators on Bill Clinton and W’s Disastrous Wars

December 14, 2018

William K. Black December 13, 2018     Bloomington, MN The Wall Street Journal published an article on December 12, 2018 that should warn us of coming disaster: “Banks Get Kinder, Gentler Treatment Under Trump.” The last time a regulatory head lamented that regulators were not “kinder and gentler” promptly ushered in the Enron-era fraud epidemic. President…

Is Capitalism In Crisis? Author of ‘Karl Marx’s Capital and The Present’ Responds

July 7, 2018

The fundamental proneness to crisis under capitalism was not overcome in the Golden Age of Capitalism and crisis in the late 1960s ushered in an era of finance by opening new avenues for accumulating wealth and turning the illusory into real wealth says C.P. Chandrasekhar

Reality Asserts Itself - Rana Foroohar

May 9, 2018
On Reality Asserts Itself, Ms. Foroohar says the legalization of stock buybacks in 1982 allowed companies like Apple to now spend only 15% of their investments on R&D, while the majority is spent on market manipulation; the Financial Times columnist and author of “Makers and Takers” says the move from traditional pensions to 401k’s makes everyone feel they benefit from finance, when the vast majority of profits go to the elites and most people’s living standards deteriorate – with host Paul Jay

After the 2008 Financial Crisis a State of 'Productive Incoherence'

April 9, 2018
Some aspects of the global financial landscape have not changed since the 2008 financial crisis, while other aspects have changed in very important ways, leading to “a very messy kind of uneven process of change that has really been catalyzed by the global financial crisis,” says economics professor Ilene Grabel