Give a man a gun and he can rob a bank. Give a man a bank and he can rob the world.
William Black is an associate professor of economics and law at UMKC. He has held many prestigious positions, including executive director for Fraud Prevention. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae's former senior management. He is a criminologist and former financial regulator.
He has seen firsthand how banking systems can be used to commit fraud - and how "liar's loans" and other tricky tactics led to the 2008 US banking crisis that threatened the international economy. Black reveals the best way to rob a bank - from the inside.
This "bank robbery" has resulted in USD11 trillion in lost wealth and 10 million in lost jobs.
Business, economy, education and current issues. Providing tips, tricks and tools in managing business.