How to rob a bank: William Black
TEDx Talks | March 3, 2014
William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management. He is a criminologist and former financial regulator.
KPFA interviews:
Guns and Butter | April 4, 2012
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“Formula For Fraud” with William K. Black from the first Italian economic Summit on Modern Money Theory in Rimini, Italy. How to become a billionaire – the four necessary ingredients in the recipe for fraud; the three sure consequences of banking control fraud; gutting of the underwriting process; Gresham’s Law; The Business Roundtable; hyperinflation of a bubble. – link
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Guns and Butter | February 29, 2012
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“The Greatest Bank Robbery Ever” with William K. Black. Banks, intensifying financial crises; money manager capitalism; sovereign currency; crony capitalism; theoclassical economists; control fraud, Commodities Future Modernization Act of 2000; S&L Liars’ Loan Crisis of 1990-91; Reinventing Government Movement; deregulation, desupervision and defacto decriminalization; fraud incentives; looting; subprime; Enron; Parmalat; BofA; Citigroup; Ameriquest; Washington Mutual; systemically dangerous institutions; Financial Accounting Standards Board (FASB); faux stress tests; European austerity crisis; Mario Draghi, President of the ECB. – link
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Experts Warned For Years That A War With Iran Would Happen This Way
By Caitlin Johnstone | April 3, 2026
… It’s so wild how we keep seeing reports that Iran’s retaliation caught the US off guard. For all the years I’ve been paying attention to this issue I’ve been reading experts and analysts saying if the US attacks Iran, Iran can close the Strait of Hormuz and strike US bases and the energy infrastructure of US allies in the region.
A few examples:
A 2006 Oxford Research Group paper titled “Iran: Consequences of a War” warned that Iran has numerous options at its disposal in the event of a US attack, and that the “most significant of these would be any possible retaliatory Iranian action to affect the transport of oil and liquefied natural gas through the Straits of Hormuz,” adding that stopping Iran from doing this “would be difficult if not impossible to achieve, leading to a fear of attack which alone would have a formidable impact on oil markets.”
A 2007 Cato Institute paper titled “The Iraq War and Iranian Power” warns that “Iran possesses the largest ballistic-missile inventory in the Persian Gulf — missiles which can reach Israel, Saudi Arabia and US military bases in Iraq,” and that “experts argue Iran could also use the ’oil weapon’: blocking the 34km-wide Strait of Hormuz and conducting submarine and anti-ship missile attacks against ports and oil facilities in Saudi Arabia, Kuwait and other Gulf Cooperation Council states.”
A 2012 NPR article titled “Can Iran Close The World’s Most Important Oil Route?” features then-chairman of the Joint Chiefs of Staff acknowledging that Iran absolutely can block the Strait of Hormuz, saying Tehran has “invested in capabilities” which specifically enable them to do so.
A paper from the Columbia Center on Global Energy Policy and the Center for a New American Security titled “IN DIRE STRAITS? IMPLICATIONS OF US-IRAN TENSIONS FOR THE GLOBAL OIL MARKET” warns of a potential scenario “that includes damage to Gulf oil infrastructure and a temporary closure of the Strait of Hormuz.”
These weren’t a bunch of keffiyeh-wearing peaceniks making these assessments, they were deeply entrenched swamp monsters entirely loyal to the US empire. They opposed war with Iran not because it would be an evil act of unforgivable mass murder, but because it would be bad for the imperial power structure. … Full article
Blog Roll
Aletho News- There is no military solution to Strait of Hormuz
- NATO’s structural collapse – the outcome of deviation from reality
- Poll finds world views China better than US
- One Of America’s Leading Neo-Cons Has Turned Against The Iran War And Israel
- Attack in the Bosphorus exposes NATO weaknesses and tensions among allies
- BREAKING: US JET SHOT DOWN OVER IRAN /Lt Col Daniel Davis & Nima Alkhorshid
- Now everyone is dumping US government bonds
- Brazilian Congressman seeks to bar Israeli military personnel from entering Brazil
- Official reveals evidence of Arab states’ involvement in US-Israeli war on Iran
- His Majesty’s head-chopper: Syria’s MI6-backed president bows to King Charles
- If Americans Knew
- US loses planes over Iran, Israel downgrades Lebanon war goals – Daily Update
- Israel Is Blocking Palestinians from Easter at Church Where Jesus Resurrected
- Plot to assassinate Palestinian activist follows harassment campaign promoted by Zionist groups and elected officials
- Prominent New York synagogue hosts presentation on why U.S. Jews should support the ethnic cleansing of Gaza
- Tapper vs. Piker: Is the CNN Anchor Auditioning for David Ellison?
- Shouldn’t Democrats Be Able to Condemn Genocide?
- Israel-US kill negotiators, destroy civilian structures, but Iran’s military capabilities still largely intact – Daily Update
- ‘War crime’: Global condemnation as Israeli ministers celebrate death penalty law targeting Palestinian prisoners
- 7 Ways Israel Is Turning Lebanon Into Gaza
- World’s Leading Football Bodies Under Fire Over Israel Policies
- No Tricks Zone
- Low Intensity Tornado Wrecks Major Solar Farm, Creating A Potential Toxic Dump
- New Study Finds Warming Saves Lives…Cold Temperatures 12 Times More Deadly Than Excess Heat
- German Science Blog Accuses PIK Climate Institute Of Hallucinating Climate Tipping Points
- Devastating Assessment Of Comirnaty Vaccine By Former Senior Pfizer Europe Toxicologist
- New Study: CO2 Is ‘Effectively Negligible’ As An Explanatory Climate Change Factor Since 2000
- Former Pfizer Toxicologist Dr. Helmut Sterz Tells Bundestag Hearing Pfizer Vaccine Should Have Never Been Approved
- Energy Expert: Germany’s Nuclear Phaseout Was A “500 Billion Euro Mistake”
- New Research: South Australia’s Mid-Holocene Sea Surface Temperatures Were 4°C Warmer Than Today
- Storing Green Energy To Last Germany 10 Days Would Require A 60-Million Tonne Battery
- New Studies: UK Sea Levels Were 4 Meters Higher Than Today During The Mid-Holocene
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