Explore popular quotes and sayings by an American author William K. Black.
Last updated on April 15, 2025.
William Kurt Black is an American lawyer, academic, author, and a former bank regulator. Black's expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of "control fraud", in which a business or national executive uses the entity he or she controls as a "weapon" to commit fraud.
The senior bankers have obviously decided that it is in their financial interest to repeatedly violate the law.
Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world.
If you bring cases against powerful bankers, they will enlist their political allies and they will give very large political contributions to do that