Glossary/Black, William K.: Difference between revisions
Jump to navigation
Jump to search
Danielhawley (talk | contribs) |
Danielhawley (talk | contribs) |
||
Line 6: | Line 6: | ||
{{GlossaryEntryTable | {{GlossaryEntryTable | ||
| | |term=Control Fraud | ||
|definition=When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud. | |definition=When people who control (i.e. the CEO) a seemingly legitimate entity use it as a weapon to defraud. | ||
|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. | |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. | ||
Line 12: | Line 12: | ||
|- | |- | ||
| | |term=S&L | ||
|definition=A Savings & Loan depository institution, also known as a thrift. The principle purpose of these institutions is to make mortgage loans. | |definition=A Savings & Loan depository institution, also known as a thrift. The principle purpose of these institutions is to make mortgage loans. | ||
|example= I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank. | |example= I wanted to buy a house, so I compared the financing offered by my local S&L with my usual bank. |
Revision as of 22:32, 4 August 2024
Glossary | People | William K. Black
Maintained by: Daniel Hawley
William K. Black is a law professor, criminologist, and former financial regulator.
Term | Definition | Example | References |
---|---|---|---|
{{{term1}}} | {{{definition1}}} | {{{example1}}} | {{{references1}}} |
{{{term2}}} | {{{definition2}}} | {{{example2}}} | {{{references2}}} |
{{{term3}}} | {{{definition3}}} | {{{example3}}} | {{{references3}}} |