William K. Black

Quick Facts

Full Name	William K. Black
Occupation	Economist
Date Of Birth	Sep 6, 1951(1951-09-06)
Age	73
Birthplace	Dearborn
Country	United States
Birth City	Michigan
Horoscope	Virgo

William K. Black Biography

William K. Black is one of the most popular and richest Economist who was born on September 6, 1951 in Dearborn, Michigan, United States. William Kurt Black (born September 6 1951) is an American lawyer and academic, as well as an author and Former bank regulatory official. Black’s specialization is white-collar crime and public finance regulation, and other areas of economics and law. Black invented an idea of “control fraud”, in the case that a national or business executive utilizes the organization that they control as an “weapon” to commit fraud.

On the same page of the prepared testimony Black used an article from The Denver Post dated September 16 in 2008, which was the day following Lehman declared bankruptcy. The article detailed the uncertain future of Aurora Loan Services, which was located nearby the Lehman headquarters, and quoted the chief financial officer saying the previous week “The majority of our write- downs were in Alt-A driven by an increase in.. . delinquencies and loss expectations.” The article also stated it was the case that Lehman is “among the first of its peers to originate home loans and securitize them for sale across the globe, and it fueled the growth of the Alt-A loan.”

Bill Black wrote many articles for the Huffington Post beginning in 2009, focusing on financial and political fraud and chicanery and (legal and illegal) corruption.

On April 3, 2009 Black appeared on Bill Moyers Journal on PBS and provided critical commentary on the U.S. banking crisis. In the interview with Bill Moyers, Black asserted that the banking crisis in the United States that started in late 2008 is essentially a big Ponzi scheme; that the “liar loans” and other financial tricks were essentially illegal frauds; and that the triple-A ratings given to these loans was part of a criminal cover-up. He said that the “Prompt Corrective Action Law” passed after the Savings and loan crisis mandated that ailing banks should be put into receivership. Black also stated that trying to hide how bad the situation is will simply prolong the problem, as happened in Japan and resulted in Japan’s lost decade. Black stated that Timothy Geithner was engaged in a cover-up, and that the administration did not want people to understand what went wrong or how bad the banking situation was.

Black has an J.D. in law from his time at the University of Michigan Law School as well as earned a Ph.D. in The University of California, Irvine. Black has been appointed Associate Professor in Economics as well as Law in the U of Missouri Kansas City located in the Department of Economics and the School of Law. He served as director of the executive office for the Institute for Fraud Prevention from 2005 to 2007 and taught previously in the LBJ School of Public Affairs at the University of Texas, and at Santa Clara University.

William K. Black Net Worth

William K. Black is one of the richest Economist from United States. According to our analysis, Wikipedia, Forbes & Business Insider, William K. Black 's net worth $5 Million. (Last Update: December 11, 2023)

Black was the litigation director of the Federal Home Loan Bank Board (FHLBB) from 1984 until 1986. He also served as deputy director for the Federal Savings and Loan Insurance Corporation (FSLIC) in 1987, and was Senior Vice President and general counsel of the Federal Home Loan Bank of San Francisco from 1987 until 1989, which was responsible for regulating several of the biggest institutions of thrift across the U.S.

Black Author of The Most Effective Way to Rob the Bank is to Own One The Way Politicians and Corporate Executives Thrived in and abused the S&L Industry, 2005, University of Texas Press, ISBN 0-292-72139-1.

Black appeared many times on The Real News Network beginning in 2008, providing insights and analysis into what he believes to be corporate looting/plundering of the United States’ and global economies.

Height, Weight & Body Measurements

William K. Black height Not available right now. William weight Not Known & body measurements will update soon.

Who is William K. Black Dating?

According to our records, William K. Black is possibily single & has not been previously engaged. As of December 1, 2023, William K. Black’s is not dating anyone.

Relationships Record : We have no records of past relationships for William K. Black. You may help us to build the dating records for William K. Black!

Facts & Trivia

William Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. William K. Black celebrates birthday on September 6 of every year.

Top Facts about William K. Black

1. William K. Black is a Professor of law and economics at UMKC.
2. He specializes in white-collar crime, public finance, and regulation.
3. Black served as the Deputy Director of the Federal Savings and Loan Insurance Corporation during the S&L crisis.
4. He played a key role in prosecuting fraud cases related to the crisis.
5. Black is known for coining the term “control fraud” to describe certain types of financial misconduct.
6. He has authored several books on financial regulation and criminology.
7. Black advocates for stricter regulations to prevent future financial crises.
8. He has been a vocal critic of corporate malfeasance and government policies that enable it.
9. Black frequently contributes to media outlets, providing expert analysis on economic issues.
10. He holds a Ph.D. in criminology from the University of California, Irvine.
11. Note: The information provided here is based on general knowledge about William K. Black and may not include all specific details about his career or accomplishments.