William Black: Reinventing Crony Capitalism
This Financial Sense Newshour program is available only as a premium, paid "FS Insider" release.
For advance notice of release of premium, paid "FS Insider" content or to purchase a monthly or annual subscription to "FS Insider" content, go to www.financialsense.com/subscribe.
Jim is pleased to welcome back Professor William Black to the program. Professor Black discusses the "reinvention" of crony capitalism and notes that accounting is now the weapon of choice for fraud. He also discusses the concentration of derivative positions, and notes that five large banks account for 90% of derivatives. As to where the regulators are in this financial crisis, Professor Black says they are both absent and bought.
Bill Black is an Associate Professor of Economics and Law at the University of Missouri–Kansas City (UMKC). He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He has taught previously at the LBJ School of Public Affairs at the University of Texas at Austin and at Santa Clara University, where he was also the distinguished scholar in residence for insurance law and a visiting scholar at the Markkula Center for Applied Ethics.
About James J Puplava CFP
|01/21/2017||Forecast 2017: Expect the Unexpected||bcast|
|01/21/2017||Tom McClellan: Positive Market Outlook Long-Term||bcast|
|01/17/2017||Dr. Amy Myers on the Thyroid Connection: Why You Feel Tired, Brain-Fogged, and Overweight||bcast|
|01/16/2017||How to Get Into Financial Shape for the New Year||bcast|
|01/14/2017||Forecast 2017: The Oracles||bcast|
|01/14/2017||Gary Dorsch on Stocks, Bonds; Frank Holmes on Gold, Oil||bcast|
|01/10/2017||Lifetime Income Series: Karen Covy on “When Happily Ever After Ends”||bcast|
|01/09/2017||Lifetime Income Series: 50 Shades of Grey Divorce||bcast|