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TMFBro (< 20)

Fraud, death threats, and the failure of regulators



August 19, 2009 – Comments (1) | RELATED TICKERS: BAC , JPM , GS

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.

1 Comments – Post Your Own

#1) On August 19, 2009 at 5:11 PM, madcowmonkey (< 20) wrote:

Kill him....dead......I still get that one from my wife. It's just a brush off.

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