Tony: UMKC Law Prof Gains Notoriety Taking on Bush Legacy, Obama and “Systemically Dangerous Institutions”

Face it, in these lean times the only talk that really matters relates to money.

On the subject of the old and busted U.S. Banking System, University of Missouri – Kansas City Law Professor William K. Black has recently been stepping up his game in terms of taking his insight and analysis to the public.

His money quotes have been showing up everywhere from The New York Times to the crackpot Alex Jones Prison Planet site.

Overall his message is simple and mostly notes that both Bush and Obama have failed to properly address lending institutions that nearly destroyed the world’s economy, but managed to solicit U.S. financial forgiveness because they were “too big to fail.”

Black’s Proposal for “Systemically Dangerous Institutions” comes in the form of a scathing blog post pointing out that there hasn’t much hope or proof of change from Bush policies under Obama. The missive is also accompanied with a step-by-step guide to reducing risk from free-wheeling big ass banks.

The latest coup for the former S&L regulator and current prof is a featured appearance in Michael Moore’s upcoming “Capitalism” documentary. Apparently, Black’s part in the flick pertains to Bush era choices to scale back white-collar crime investigations in the wake of Sept. 11. That despite full knowledge that corporate crooks pose just as much risk to U.S. finances as Osama & Pals present to national security. Ponzi schemers simply wear nicer clothes.

So, it’s nice to see Kansas City skepticism and fact checking taking center stage as the economy continues to circle around the crapper for the vast majority of folks, despite mostly misinformed tea parties and hopeless pie-in-the-sky promises for better days.

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5 Responses to Tony: UMKC Law Prof Gains Notoriety Taking on Bush Legacy, Obama and “Systemically Dangerous Institutions”

  1. Anonymous says:

    Sol Romano
    And how much does Hearne/steve rose pay for your woefully underreported drivel?

  2. Anonymous says:

    About the same as for your woefully anonymous, but much appreciated insights!

  3. Anonymous says:

    Michael Moores movie will turn this country
    upside down. We finally see the crooks who have
    hijacked the nation. They are destroying the
    financial system for their own greed.
    Now they are taking over the life insurance
    policy business by buying up elderly and
    sick americans policies. they are buying the
    policies for 50-60 cents on the dollar. Then
    they pay for the premiums until the person dies.
    They then package these policies and sell them
    off at a huge profit to investors.
    In other words…they are gambling when a human
    dies. They are hoping the insured dies quickly
    so they can collect the policies value upon
    death. That’s why they are against the health
    insurance reform. the wall street bankers who
    hold these policies and sell them are using
    taxpayer backed funds to gamble and hope that
    americans die quickly.
    Is this insane. And if the investments go bad
    the u.s. taxpayer gets to bail out the banks
    What have we come to be?

  4. Anonymous says:

    So where is the punchline? I guess it is on the taxpayers.

  5. Anonymous says:

    William K. Black is very smart man.
    Anybody who wants to understand the TARP fiasco should watch a couple of his videos online.

    FDIC… 35 Billion insuring 6 Trillion in deposits…Good Times
    Can you say “Reset”

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