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William K. Black's Theory of Corporate Fraud

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Uploaded by on Dec 20, 2009

William K. Black is a former senior deputy chief counsel at the federal Office of Thrift Supervision. During the savings and loan crisis of the late 1980s Black investigated accounting fraud. He spoke with Huffington Post Senior Reporter, David Heath, about how fraud can infiltrate entire corporations.

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Top Comments

  • It's the ENRON mentality/culture, as summed up by Cheney: "This is our due."

  • Thanks will share this powerful video.

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All Comments (26)

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  • Hey if the FBI had that many reports on fraud in2008 how many did they have in 2005 and 2006? Point is they new what was coming and their reports and concerns were covered up. Obama is right in the middle of this!

  • "Theory?"

    Huff. How about the "theory" of "the sun that shines" or the "water that's wet"?

  • I will call Bill BLACK, not just a master but The Real WHISTLEBLOWER!

    The world is lucky to have such a brilliant man!

  • you only need one or two psyhopaths in control of the wheel to infect the rest with their valueless values

  • @wompeter1 are you one of these anti capitalist morons? Do you really think that a private central banking system with the privilege of creating its own currency has anything to do with capitalism? Artificially low interest rates and high monetary inflation? I guess Rachel Maddow's journalism classes didn't teach her this lol....

  • @wompeter1 Thanks for the reply. I've never felt that moral relativism, or

    lack of it, ever really had anything to do with sex. For the rest, we have to

    retrogress big time.

  • @hipocampelofantocame We've been saturated with media for nearly two generations that encourages cheating of all kinds and in all areas of life--Dirty Harry is a hero, for example, and clever thieves usually win instead of losing and are given the glamour treatment. Moral relativism isn't just about sex.

  • @AroundSun Way to not get the point, moron. Go back to yanking yourself off to FoxNews.

  • @ParapaDrifter Way to not get the point, moron. But we hear your FoxNews-flavored duckquacking loud and clear.

  • can this guy do it again?

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