William K. Black

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

November 20, 2018

Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black talks about how US bankruptcy law is rigged to favor executives

Executive Coaching Achieves Miracle Success, and Self-Parody, at Nortel

July 10, 2018

William K. Black, June 10, 2018     Bloomington, MN Economists generally focus on increasing productivity as the driver of development. Among the most troubling economic developments in the West in the last decade is the weak gains in productivity, particularly in a time of rapid technological advances. Neoclassical economics pictures firms as engaged in a fierce,…

The New York Times Editorial Board’s Incoherence on Italian Austerity and the Euro

June 4, 2018

William K. Black June 2, 2018     Bloomington, MN (Third in a series of articles on Italy, Austerity, and the euro) The New York Times’ editorial board published a May 29, 2018 editorial about Italy’s ongoing political and financial issues that praised austerity in Italy. The board cheered the anti-democratic appointment of “Carlo Cottarelli, a solidly…

The EU Commission’s In-House Bigot Invites Financiers to Extort Italian Voters

May 31, 2018

By William K. Black May 30, 2018     Bloomington, MN The European Union’s (EU) leadership continues to prove our family rule that it is impossible to compete with unintentional self-parody. “EU leadership” is an oxymoron, largely composed of regular morons. Consider only two examples — European Commission (EC) President Jean-Claude Juncker and Commissioner and Budget and Human…

Trump Adds Another Goldman Sachs Alum to His Administration

March 20, 2017

James Donovan’s area of expertise, like most Goldman Sachs folks, is not economics or finance, but law – because that’s how Goldman Sachs makes its money: by evading, controlling and writing the laws

The Black Financial and Fraud Report

March 9, 2017
Bill Black says Trump wants to gut the Foreign Corrupt Practices Act to enable U.S. firms to engage in corruption

Is the IMF’s Neoliberal Base Unraveling?

August 7, 2016

Former financial regulator Bill Black discusses the significance of the criminal charges faced by IMF head Christine Lagarde and its economists preaching stimulus over austerity

White-Collar Crime Kills and Maims More Than the Crimes of the Poor

July 10, 2016

Former financial regulator Bill Black says fraud and corruption result in significantly more death and violence, and aren’t even counted in traditional stats by conventional criminologists

Prominent Wall Street Whistleblowers Announce New Initiative

February 28, 2016
Bank Whistleblowers United held a kick-off conference Thursday where former high ranking officials outlined a proposal they would like to see each presidential candidate adopt