Finance

Bill Black pt 6/9 – The Best Way to Rob a Bank is to Own One
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Bill Black pt 6/9 – The Best Way to Rob a Bank is to Own One

Bill continues his history of modern financial fraud in America. He says the dark side of “financial discipline”, is the Merrill Lynch’s and Goldman Sachs of the world don’t provide discipline. They provide cash. They fund the expansion knowing it’s crap because they know as long as it’s going up, they personally, not Goldman, they personally will make a ton of money. Bill Black on theAnalysis.news with Paul Jay.

Bill Black pt 4/9 – The Best Way to Rob a Bank is To Own One
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Bill Black pt 4/9 – The Best Way to Rob a Bank is To Own One

The weakness of regulations and resources to enforce accountability on the finance sector is by design. Regulators’ budgets have been gutted, and even weak laws made unenforceable. Unless individual bankers go to jail when they commit fraud, nothing will change. Bill Black on theAnalysis.news with Paul Jay.

Can You Destroy $20 Billion in Wealth Without Committing a Crime? – Bill Black
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Can You Destroy $20 Billion in Wealth Without Committing a Crime? – Bill Black

The U.S. SEC has opened an investigation into Archegos Capital’s Bill Hwang and trades that led to $20 billion in losses for his firm and perhaps billions more for various banks. What kind of perverted system allows such chaos? Bill Black on theAnalysis.news with Paul Jay.

Polarization, Then a Crash: Michael Hudson on the Rentier Economy
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Polarization, Then a Crash: Michael Hudson on the Rentier Economy

Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.

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