The OCC’s Tragic Response to the Frontline expose: The Untouchables
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January 28, 2013 - 3:34am
by William K. Black, New Economic Perspectives
On January 25, 2013, I made this comment on Frontline’s web site discussing its documentary: “The Untouchables” and an accompanying (January 22, 2013) article by Jason Breslow entitled: Were Bankers Jailed In Past Financial Crises?
I addressed two statements in that article. The first statement reads:
“Equally important in the S&L crisis was a much tougher framework of banking laws, according to Black, who is critical of the deregulation that began during the Clinton administration.
‘Deregulation was bound to produce widespread fraud,’ he said. ‘We know better. If we learn the lessons from this, we need not have these fraud epidemics.’”
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