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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

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