Public Safetynaked capitalism
Yves here. Bill Black is back! The website New Economic Perspectives, where Bill and many MMT luminaries held forth, has gone quiet. But Bill was also a regular at Paul Jay’s The Real News Network, and Black has come for a long-form discussion at Jay’s new initiative, TheAnalysis.news. Bill uses the title of his book to review and update financial fraud, American style, which means driven primarily by bank executives. He starts with a review of the S&L crisis, where he not only had a ringside seat but also successfully pursued some of the perps. This is one of the reason Bill has little sympathy for the failure to prosecute bankers: he’s shown it can be done.