William K. Black

William K. Black

William K. Black is an associate professor of economics and law at the University of Missouri-Kansas City. A former bank regulator who led investigations of the savings and loan crisis of the 1980s, he is the author of the book "The Best Way to Rob a Bank Is to Own One." Follow him on Twitter:  @WilliamKBlack

Articles by this author

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Saturday, May 26, 2012
Doh! Romney Messes Up, Tells the Truth About Austerity
Mitt Romney has periodic breakdowns when asked questions about the economy because he sometimes forgets the need to lie. He forgets that he is supposed to treat austerity as the epitome of economic wisdom. When he responds quickly to questions about austerity he slips into default mode and speaks the truth -- adopting austerity during the recovery from a Great Recession would (as in Europe) throw the nation back into recession or depression.
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Sunday, April 22, 2012
'The Only Winning Move Is Not to Play'—The Insanity of the Regulatory Race to the Bottom
The plot of the movie WarGames (1983) involves a slacker hacker (played by Matthew Broderick) who starts playing the game “Global Thermonuclear War” with Joshua, a Department of Defense (DoD) supercomputer that has been given partial control by DoD of our nuclear forces. The game prompts Joshua, who has been programmed to win games, to trick DoD into authorizing Joshua to launch an attack on the Soviet Union so that Joshua can win the game. The hacker and the professor that programmed Joshua realize that the only way to prevent Joshua from attacking is to te
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Friday, December 16, 2011
Dante’s Divine Comedy: Banksters Edition
Sixty Minutes’ December 11, 2011 interview of President Obama included a claim by Obama that, unfortunately, did not lead the interviewer to ask the obvious, essential follow-up questions.
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Wednesday, October 19, 2011
Not with a Bang, but a Whimper: Bank of America’s Death Rattle
Bob Ivry, Hugh Son and Christine Harper have written an article that needs to be read by everyone interested in the financial crisis. The article (available here ) is entitled: BofA Said to Split Regulators Over Moving Merrill Derivatives to Bank Unit. The thrust of their story is that Bank of America’s holding company, BAC, has directed the transfer of a large number of troubled financial derivatives from its Merrill Lynch su
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