Black Report: Craziness on Three Continents

LATIN AMERICA AND THE CARIBBEAN, ECONOMICS, SHORT VIDEO CLIPS, 26 Nov 2012

Paul Jay – The Real News Network

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William K. Black, author of The Best Way To Rob A Bank Is To Own One, teaches economics and law at the University of Missouri, Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University.

Black developed the concept of “control fraud” frauds in which the CEO or head of state uses the entity as a “weapon.” Control frauds cause greater financial losses than all other forms of property crime combined. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management.

httpv://www.youtube.com/watch?v=ck5xctQ_RBc

This article originally appeared on Transcend Media Service (TMS) on 26 Nov 2012.

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