Glossary/Black, William K.: Difference between revisions

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<span style="font-size:80%">''Maintained by: [[User:Danielhawley|Daniel Hawley]]''</span>
<span style="font-size:80%">''Maintained by: [[User:Danielhawley|Daniel Hawley]]''</span>


William K. Black is a law professor, criminologist, and former financial regulator.
William K. Black is a former law professor, criminologist, and financial regulator.


=== Related Terms ===
{{GlossaryEntryTable
|term1=[[Glossary/Control Fraud|Control Fraud]]
|definition1=When people who control a seemingly legitimate entity (e.g. the CEO) use it as a weapon to defraud.
|example1=The S&L crisis was perpetuated by an epidemic of control fraud, whereby CEOs defeated and suborned internal and external controls to fraudulently report record profits and increase their personal wealth.
|references1=William K. Black, The Best Way to Rob a Bank is to Own One, 2005.


{{GlossaryEntryTable
|term2=[[Glossary/S&L|S&L]]
|term=Control Fraud
|definition2=A Savings & Loan depository institution, also known as a thrift. The principle purpose of these institutions is to make mortgage loans.
|definition=When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud.
|example2=I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank.
|example=The S&L crisis was perpetuated by an epidemic of control fraud, whereby CEOs defeated and suborned internal and external controls to fraudulently report record profits and increase their personal wealth.
|references2=Black (2005).
|references=William K. Black, The Best Way to Rob a Bank is to Own One, 2005.


|term=S&L
|term3=[[Glossary/S&L Crisis|S&L Crisis]]
|definition=A Savings & Loan depository institution, also known as a thrift. The original purpose of these institutions was to make mortgage loans, though they have expanded
|definition3=A wave of S&L failures in the 1980s incited by the Volker Shock and perpetuated by deregulation, desupervision, and widespread fraud.
|example= S&L's are typically
|example3=At the time, the S&L Crisis was the largest financial crisis since the Great Depression.
|references= ___
|references3=Black (2005).
}}
}}




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Latest revision as of 02:43, 9 August 2024

Glossary | People | William K. Black

Maintained by: Daniel Hawley

William K. Black is a former law professor, criminologist, and financial regulator.

Related Terms

Term Definition Example References
Control Fraud When people who control a seemingly legitimate entity (e.g. the CEO) use it as a weapon to defraud. The S&L crisis was perpetuated by an epidemic of control fraud, whereby CEOs defeated and suborned internal and external controls to fraudulently report record profits and increase their personal wealth. William K. Black, The Best Way to Rob a Bank is to Own One, 2005.
S&L A Savings & Loan depository institution, also known as a thrift. The principle purpose of these institutions is to make mortgage loans. I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank. Black (2005).
S&L Crisis A wave of S&L failures in the 1980s incited by the Volker Shock and perpetuated by deregulation, desupervision, and widespread fraud. At the time, the S&L Crisis was the largest financial crisis since the Great Depression. Black (2005).