Bad Bad Bill Black Busts Bankster’s he’s Bad!

Bad Bad Bill Black Busts Bankster’s he’s Bad!


William K. Black

From Wikipedia,

William K. Black
Born (1951-09-06)September 6, 1951
Nationality American
Other names William Kurt Black
Occupation Lawyer, academic, author
former bank regulator
Known for Developing the concept of “control fraud”

Bill Black playlist on Youtube.

William Kurt Black (born 6 September 1951) is an American lawyer, academic, author, and a former bank regulator.[1] Black’s expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of “control fraud”, in which a business or national executive uses the entity he or she controls as a “weapon” to commit fraud

Savings and Loan Scandal

Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis. He took the notes during the Keating Five meeting that were later published in the press, and brought the event to national attention and a congressional investigation.

According to Bill Moyers,

“The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L’s in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate’s so-called “Keating Five” were named — he sent a memo that read, in part, ‘get Black — kill him dead.’ Metaphorically, of course. Of course.”[4]


Black is the author of, among others, The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, 2005, University of Texas Press, ISBN 0-292-72139-0.[10][11][12]

Bill Black wrote many articles for the Huffington Post from 2009 to date, focusing on financial and political fraud and chicanery and (legal and illegal) corruption.

Selected works

  • The U.S. Banking Industry in Transition in Real World Banking, eds. Dan Fireside & Amy Gluckman (Dollars & Sense 2008)
  • When Fragile Become Friable: Endemic Control Fraud as a Cause of Economic Stagnation and Collapse, in White Collar Crimes: a Debate, K. Naga Srivalli, ed., Hyderabad, India, The Icfai University Press (2007: 162-178)
  • Corruption Kills, International Handbook of White-Collar Crime, Henry Pontell & G. Geis eds. (Springer 2007)
  • Control fraud v. the protocols, Crime, Law & Social Change, Volume 45, No. 3 (April 2006: 241-258)
  • The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, University of Texas at Austin Press (April 2005)
  • “Control frauds” as financial super-predators: How “pathogens” make financial markets inefficient, Journal of Socio-Economics, Vol. 34. No.6 (December 2005: 734-755)
  • Control Fraud as an Explanation for White-Collar Crime Waves: The Case of the Savings & Loan Debacle, Crime, Law and Social Change, Vol. 43, No. 1 (February 2005: 1-29)
  • The Dango Tango: Why Corruption Blocks Real Reform in Japan, Business Ethics Quarterly, Vol. 14, Issue 4 (October 2004: 602-623)
  • The Imperium Strikes Back: The Need to Teach Socioeconomics to Law Students, San Diego Law Review, No. 1 (Winter 2004: 231-256)
  • Beware of Geeks Bearing Gifts: Enron Uses Its High Tech Information System to Defraud, CISIC 2003 Conference Symposium edition (McGraw-Hill 2003)
  • Re-examining the Law & Economics Theory of Corporate Governance, Challenge Vol. 46, No. 2 (March/April 2003: 22-40)
  • A Tale of Two Crises, Kravis Leadership Institute Leadership Review, fall 2002
  • Why do the Non-Heathens Rage?, Journal of Criminal Justice and Popular Culture, 8(3) (2001: 225-276)
  • The Savings and Loan Debacle of the 1980’s: White-Collar Crime or Risky Business? (with K. Calavita e H. Pontell) Law and Policy. Vol. 17, No. 1 (January 1995: 23-55)
  • Ending Our Forebearers’ Forbearances: FIRREA and Supervisory Goodwill, Stanford Law & Policy Review 102 (Spring 1990)


  1. ^ “University of Missouri – Kansas City” (PDF).
  2. ^ UKMC Faculty and Staff
  3. ^ “UMKC School of Law”. Retrieved 2009-04-05; also see Norma M. Riccucci (1995). Unsung Heroes: Federal Execucrats Making a Difference. Georgetown University Press..
  4. ^
  5. ^ Bill Moyers Journal“.
  6. ^ “Bill Moyers Journal. Transcripts”. PBS. Retrieved 2009-04-05.
  7. ^ Hamsher, Jane (April 20, 2010). “Transcript & Video: Bill Black Testimony on Lehman Bankruptcy”. FireDogLake. Retrieved April 25, 2010.
  8. ^ “Prepared Testimony of William K. Black” (PDF). Committee Hearing: Public Policy Issues Raised by the Report of the Lehman Bankruptcy Examiner. United States House of Representatives. April 20, 2010. p. 5. Retrieved April 25, 2010.
  9. ^ Griffin, Greg (September 16, 2008). “Local Lehman arm led in Alt-A loans”. Denver Post. Retrieved April 25, 2010.
  10. ^ William K. Black, 2005. The Best Way to Rob a Bank Is to Own One. Description and chapter-preview links via scroll.
  11. ^ William K. Black, 2005. “‘Control Frauds’ as Financial Super-predators: How ‘Pathogens’ Make Financial Markets Inefficient,” Journal of Socio-Economics, 34(6), pp. 734-755[dead link] (press Zoom). Abstract.
  12. ^ William K. Black, 2009. “Those Who Forget the Regulatory Successes of the Past are Condemned to Failure,” Economic & Political Weekly, 44(13), pp. 80-86,. Abstract.

External links

By William K. Black:


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