Bill Black to Hillary Clinton — It's "fraud," not "shenanigans"

Former Secretary of State Hillary Clinton, in her debate with Senator Sanders minutes ago, said that she went to Wall Street and told them to stop their “shenanigans.” The context was that she was being asked to respond to the complaint that she was too close to on Wall Street billionaires. She had every incentive, therefore, to demonstrate how tough she would be on Wall Street. In that context, the best she could muster was the pusillanimous “shenanigans.” …

Hillary cannot bring herself to use the “f” word in the context of Wall Street CEOs leading the largest and most destructive fraud epidemics in history – frauds that made them spectacularly wealthy. A few minutes later, Bernie said that “fraud” was Wall Street’s business model.…

New Economic Perspectives

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Hillary, the Banksters Committed “Fraud” not “Shenanigans”

William K. Black | Associate Professor of Economics and Law, UMKC