Fraud, death threats, and the failure of regulators
William Black was a key federal regulator during the days of the savings & loan crisis. In fact, back then Charles Keating -- who ran the ill-fated Lincoln Savings and Loan and eventually went to prison -- wrote in a memo to his chief lobbyist "Get Black... Kill him dead." Black is also the author of The Best Way to Rob a Bank Is to Own One.
In a recent speech, Black explains how we got into the current mess, and why it's not getting any better. If you have a spare 90 minutes, or are looking for something to listen to while you sort your sock drawer, it's worth listening to.