In this video produced by The Real News Network professor of economics and law, former financial regulator and author of the book, The Best Way to Rob a Bank is to Own One, William Black, explains how electronic trading functions in financial centres such as New York, London, Frankfurt, etc. He also talks about the policies of the Trump administration and whether they are going to exacerbate or resolve the systemic threat posed by the financial industry.
All of this and many more is addressed in the video below.
To read the full transcript, click here.
Click here or on the picture below:
William K. Black, author of THE BEST WAY TO ROB A BANK IS TO OWN ONE, teaches 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.
Black was litigation director of the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and general counsel of the Federal Home Loan Bank of San Francisco, and senior deputy chief counsel, Office of Thrift Supervision. He was deputy director of the National Commission on Financial Institution Reform, Recovery and Enforcement.
Black developed the concept of “control fraud” 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. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management.
Português: A Bolsa de Valores de São Paulo (Bovespa).
English: The São Paulo Stock Exchange (Bovespa).
(Reusing this file)