Former Financial Regulator William Black: Occupy Wall Street A Counter to White-Collar Fraud

www.DemocracyNow.org - Democracy Now! broadcasts on the road from Kansas City, Missouri, today. Amy Goodman interviews William Black, a white-collar criminologist, former financial regulator, and author of "The Best Way to Rob a Bank is to Own One." Black teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City. "If you look [at the Occupy protests] not just nationwide, but worldwide, you will see some pretty consistent themes developing," Black says. "That includes, we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration says are ticking time bombs. As soon as one of them fails, we go back into a global crisis. We should fix that, there's no reason have institutions that large. Accountability is also a theme, that we should put these felons in prison ... And that we should get jobs now and that we should deal with foreclosure crisis. ... Those are four common themes you can see in these protests... I think over time you'll not necessarily have some grand written agenda, but you will have increasing consensus, a broad consensus."

For the complete transcript, podcast, and for additional Democracy Now! reports on the Occupy Wall Street movement, visit http://www.democracynow.org

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[wicky winddy]

@vsjkiff yes I agree cant even believe it. you can make your workout sessions much more productive if your eating the right foods to avoid fat and belly. btw!but ye I heard that most of the celebrities used to follow to kill their belly using this 7 food items. i found it here -> bit.ly/V4yFJ6?=btwqgr

[Marko Kraguljac]

3:36 I like his definition of fraud. It also encompasses marketing and consumerist culture. Pure deceit justified as "economic doctrine". Ordinary individuals controlled and milked by teams of highly educated, incentivised teams of specialists (psychologist, sociologists, mathematicians..) who, in a saner world, would actually help people instead of fucking them for a buck.

[4148866]

Obama's a joke. He's a Wall-Street Republican and all of his policy's reflect that fact.

[CrowdPleeza]

What do you all think of Fannie & Freddie Mac execs recently getting sued for subprime fraud by the SEC? These are the first charges brought against those responsible for the financial meltdown.

[VerumJusticia]

>> Voting machines where you recieve no reciept

You don't get a printout showing what all your vote selections were so that unions cannot pay people to vote the way they want - and punish the ones that don't. It's to protect the voter.

But you should be getting a bar-coded or serialized stub from your ballot. Yes?

[VerumJusticia]

>> the rest of the occupiers who are trying to do something about saving America and democracies all over the world

They are trying to attack our employers and our financial system. That's not going to save us. It's going to create the collapse that the Leftists, who organized and direct them, want.

"You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before." - Rahm Emanuel

[ashane77]

Using terminology like "WTP" is misleading...it assumes that govt. can represent millions of diverse people--it can't...Govt. always controls its subjects, not the other way around--its why they claim the right to kill you if you disobey them. Corporations are legal fictions created BY the govt...in fact, govt. ITSELF, is a legal corporation. Bribing was around LONG before Citizens United. Fuck democracy & socialism, I want freedom.

[DL55250]

Just google ALEC then maybe you might get the big picture. It use to be 'We the People' were in control of our Government. Now it's 'We the Corporations' that have bought and paid for this government we have today. It's Crony Capitalism, 'Citizen United made it legal to bribe our politicians.

[ashane77]

ALEC...never heard of this acronym...

[DL55250]

Do you know anything about ALEC?

[Vladimir Wardell]

What 'shrink' would offend their highest paying customers by telling them that they were afflicted with suicidal greed?