crime

Featured Discussion

Common Mistakes When Hiding Precious Metals

Common Mistakes When Hiding Precious Metals

A policeman cautions avoiding these rookie errors

Featured Discussion

Join the "Personal Safety & Home Defense" Group

Join the "Personal Safety & Home Defense" Group

Tap this community's knowledge to keep yourself, your family & your valuables safe

Featured Discussion

"Distraction" burglary tricks

"Distraction" burglary tricks

Naked swimmers, water meter inspectors, and other common dupes being used

Podcast

Bill Black: The Banks Have Blood on Their Hands

And our regulators are too fearful to act
Saturday, July 13, 2013, 9:13 PM

We invited Bill Black to return to explain whether the level of systemic risk due to fraud in our financial markets has improved or worsened since the dire situation he painted for us in early 2012. Sadly, it looks like abuse by the big players has only flourished since then.

In the U.S., our regulators have publicly embraced a "too big to prosecute" doctrine. We are restraining, underfunding, and dismantling regulatory oversight in the interest of short-term stability for the status quo. Which, as a criminologist, Black knows with certainty creates an environment where bad actors will act in their self-interest with assumed (and likely real, at this point) impunity. » Read more

Featured Discussion

A Simple Tip For Preventing Home Robbery

A Simple Tip For Preventing Home Robbery

A little precaution can make a big difference in deterring crime

Podcast

Bill Black: Our System is So Flawed That Fraud is Mathematically Guaranteed

How did we allow things to get this bad?
Saturday, May 25, 2013, 1:06 PM

[Chris lost his voice this week due to illness, so we were unable to record a new podcast. So while Chris recuperates, enjoy this excellent discussion from the archives will Bill Black, recorded a year ago, on the pervasive control fraud within our current financial system. ~ Adam]

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it."  ~ Frederic Bastiat

Bill Black is a former bank regulator who played a central role in prosecuting the corruption responsible for the S&L crisis of the late 1980s. He is one of America's top experts on financial fraud. And he laments that the U.S. has descended into a type of crony capitalism that makes continued fraud a virtual certainty while increasingly neutering the safeguards intended to prevent and punish such abuse.

In this extensive interview, Bill explains why financial fraud is the most damaging type of fraud and also the hardest to prosecute. He also details how, through crony capitalism, it has become much more prevalent in our markets and political system. 

A warning: There's much revealed in this interview that will make your blood boil. For example, the Office of Thrift Supervision. In the aftermath of the S&L crisis, this office brought 3,000 administration enforcement actions (a.k.a. lawsuits) against identified perpetrators. In a number of cases, they clawed back the funds and profits that the convicted parties had fraudulently obtained.

Flash forward to the 2008 credit crisis, in which just the related household sector losses alone were over 70 times greater than those seen during the entire S&L debacle. So how many criminal referrals did the same agency, the Office of Thrift Supervision, make?

Zero. » Read more

Featured Discussion

Hiding Precious Metals

Hiding Precious Metals

How to best protect physical bullion from burglars?

Podcast

David Collum: We're Headed for a Showdown

Broken markets and abuse of law have consequences
Saturday, December 29, 2012, 3:49 PM

In the Big Rock Candy Mountains,
The jails are made of tin.
And you can walk right out again,
As soon as you are in.

-- Harry McClintock, Big Rock Candy Mountain (1928)

Fresh from releasing his exhaustive and excellent Year In Review last week, Dave Collum sits down with Chris to discuss the key developments of 2012 in detail. » Read more