Bill Black on Tell Somebody podcast

[Tom Klammer]

Tune in to Tell Somebody every Tuesday at 6pm on 90.1 FM KKFI, streaming at http://www.kkfi.org/

 

Prof. William Black on Austerity, the Platinum Coin, Jacob Lew & Blazing Saddles

 

"...the U.S. budget deficit, people don't know this, but it's actually been going down.  It's going down in absolute terms, and as a ratio of GDP, which is the more important concept, it's actually been going down very sharply over the last three years."

 

"...and just as Nixon, a conservative Republican, was the only one that could go to what was then called Red China, only a Democrat can really open up the safety net to being unravelled, and Obama has shown a disturbing willingness to do that in at least three sets of negotiations..."

 

"...(Treasury Secretary nominee) Lew goes in to Citicorp...as protege of Rubin, completely screws up in a job in which they're trading, gambling, in exotic financial derivatives with the backing of all of us because of Federal Deposit Insurance and the implicit backing from 'too big to fail,' loses a ton of money and, this being Wall Street, gets an enormous bonus for screwing up."

 

Bill Black on Tell Somebody

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William K. Black was featured on the January 15, 2013 edition of Tell Somebody.  He is an Associate Professor of Economics and Law at the University of Missouri-Kansas City in the Department of Economics and the School of Law.

According to Wikipedia:
 Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis. He took the notes during theKeating Five meeting that were later published in the press, and brought the event to national attention and a congressional investigation. According to Bill Moyers,

"The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate's so-called "Keating Five" were named — he sent a memo that read, in part, 'get Black — kill him dead.' Metaphorically, of course. Of course."^[4]

This show was originally broadcast on Martin Luther King Jr.'s actual birthday and includes some thoughts the Martin Luther King you don't see on TV.

 

Click on one of these links to hear the January 15 2013 edition of Tell Somebody featuring Bill Black:

Prof. William Black on Austerity, the Platinum Coin, Jacob Lew & Blazing Saddles

 

http://traffic.libsyn.com/tellsomebody/ts_2013_01_15.mp3

 

Click here to see a list of (free) Tell Somebody podcasts in the iTunes store:

https://itunes.apple.com/us/podcast/tell-somebody/id303907790 

 

Tom Klammer
twitter: @tellsomebodynow
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