Bill Black "Reagan Made S&L Crisis Vastly Worse" on The Real News Network (February 7, 2011)
b'Bill Black \\u2014 "Reagan Made S&L Crisis Vastly Worse" on The Real News Network (February 7, 2011)
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\\nFormer S&L regulator Bill Black explains the Reagan administration\'s role in deepening the Savings & Loan crisis of the 1980s.
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\\nWilliam K. Black, associate professor of economics and law at the University of Missouri, Kansas City, teaches White-Collar Crime, Public Finance, Antitrust, Law & Economics. A former financial regulator, he held several senior regulatory positions during the S&L debacle. Black is the author of The Best Way to Rob a Bank Is to Own One (2005) which focuses on the role of \\u201ccontrol fraud\\u201d in financial crises. Black developed the concept of "control fraud" \\u2014 frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined.
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\\nBill Black\'s website is: University of Missouri-Kansas City School of Law
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\\nSource: The Real News Network
\\nAired: 02/07/11 12:00 AM