The Finance Curse Part 2 – Do Fines & Regulation work? | With White-Collar Criminologist Bill Black
In the second part of our interview series with former financial regulator, author and white collar criminologist William Bill Black, we examine whether fines and regulations work in reigning in the excesses of the financial sector. Furthermore, we discuss the role of the financial sector in the economy during COVID19 and generally and thereafter whether it poses a threat to the system.
To watch part 1, click here.
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Bill Black is a professor of Economics and Law at the University of Missouri – Kansas City (UMKC) and the Distinguished Scholar in Residence for Financial Regulation at the University of Minnesota Law School. He is a white-collar criminologist. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007. He was a senior financial regulator instrumental in ‘reregulating’ the Savings & Loan industry to counter the debacle and aiding the successful prosecution of over 1,000 elite white-collar criminals. He is a co-founder of Bank Whistleblowers United. He authored The Best Way to Rob a Bank is to Own One with blurbs from Paul Volcker and George Akerlof.