By William K. Black / New Economic PerspectivesJun 29, 2016
The New Democrats can no longer claim to be shocked that so many workers refuse to support their putatively liberal candidates in elections. Nor can Britain's New Labour. Dig deeper ( 7 Min. Read )
Alexander Reed Kelly / TruthdigJul 1, 2015
The esteemed U.S. political economists say Western financial institutions are keen to bail out Greece because if they don’t, the country's existing creditors -- other Western financial institutions -- will fail to recover money they previously lent to Greece. Dig deeper ( 11 Min. Read )
Alexander Reed Kelly / TruthdigSep 8, 2014
In an "unprecedented" trial that challenges the Obama administration's official position on who was responsible for the 2008 financial meltdown, a Sacramento jury in late August thwarted a federal prosecutor's effort to charge borrowers with mortgage fraud after the defense successfully argued that executives who signed off on the loans didn't care whether answers given on mortgage applications were accurate. Dig deeper ( 3 Min. Read )
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By Ellen Brown, Web of DebtApr 13, 2014
Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps. And the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. Dig deeper ( 7 Min. Read )
Alexander Reed Kelly / TruthdigFeb 19, 2013
Ecuadorean President Rafael Correa responded to recession in his country with increased spending on education, health care and infrastructure, and the economy is rebounding fantastically. Dig deeper ( 1 Min. Read )
Alexander Reed Kelly / TruthdigFeb 13, 2013
Independent cities run entirely by the business class? They're in the making in Honduras, where President Porfirio Lobo Sosa has proposed the creation of autonomous, nondemocratic, privatized metropolises, or "Ayn-Randias," as University of Missouri-Kansas City economist William Black calls them. Dig deeper ( 1 Min. Read )
Staff / TruthdigApr 6, 2009
William K. Black made a name for himself busting bad bankers and the lawmakers who loved them during the savings and loan scandal. His book, "The Best Way to Rob a Bank Is to Own One," says it all. Here he tells Bill Moyers that the treasury secretary is a failed regulator engaged in the cover-up of a massive fraud. Dig deeper ( 1 Min. Read )
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