Bill Black on Fraud in the Financial Crisis

It’s a long interview, but Bill Black’s appearance on Harry Shearer’s radio show is a really good listen. Black is expert at explaining how fraud was a causal factor in size, scope, and occurrence of the financial collapse. Black is an expert on white collar crime and a former regulator who was instrumental in the regulatory response and punishment of the fraudsters who caused the Savings & Loan crisis. Black is a frequent commentator on the 2008 financial collapse and the need for increased regulation and enforcement of the banking industry. His blog, New Economic Perspectives, is a must-read for anyone who cares about understanding the financial collapse, foreclosure fraud, and the regulatory capture that has prevented there from being an adequate response to the crisis.

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