commentary by Roger Erickson
Ignorant fraud, no matter how you look at it.
PAUL JAY, SENIOR EDITOR, TRNN: Welcome back to The Real News Network. I’m Paul Jay in Baltimore.
And now’s time for the Bill Black Financial and Fraud Report for this week. Bill now joins us. Bill is a professor, associate professor of economics and law at the University of Missouri–Kansas City, a white-collar criminologist, a former financial regulator, and author of the book The Best Way to Rob a Bank Is to Own One. Thanks for joining us again, Bill.
BILL BLACK, ASSOC. PROF. ECONOMICS AND LAW, UMKC: Thank you.
JAY: So what have you got for us this week?
BLACK: Well, Lanny Breuer, who is head of the U.S. criminal division at the Justice Department, gave a speech to the New York bar—in other words, the primarily defense lawyers up there—in which he gave them a roadmap of how they should pitch him when they’re representing a large corporation and they don’t want him to indict. But he gave his audience a stern warning: he said that when they made this pitch about how they had to protect innocent workers from losing their jobs, if this—you know, the place was indicted, he said you won’t always be successful.
JAY: I’m sure they were heartbroken. So what induces him to do this? ... (read & hear more at the link)