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 | 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. | |||
|term2=[[Glossary/S&L|S&L]] | |||
| | |definition2=A Savings & Loan depository institution, also known as a thrift. The principle purpose of these institutions is to make mortgage loans. | ||
| | |example2=I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank. | ||
| | |references2=Black (2005). | ||
| | |||
| | |term3=[[Glossary/S&L Crisis|S&L Crisis]] | ||
| | |definition3=A wave of S&L failures in the 1980s incited by the Volker Shock and perpetuated by deregulation, desupervision, and widespread fraud. | ||
| | |example3=At the time, the S&L Crisis was the largest financial crisis since the Great Depression. | ||
| | |references3=Black (2005). | ||
}} | |||
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). |