Revision as of 22:39, 4 August 2024

Glossary | People | William K. Black

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

Term	Definition	Example	References
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 {{GlossaryEntryTable
 |term=Control Fraud
-|term=S&L
 |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.
@@ Line 15: / Line 14: @@
 |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.
-|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.
-|references= ___
+|references= Black (1995).
 |-
 |term=S&L Crisis
-|definition=
+|definition=A wave of S&L failures in the 1980s incited by the Volker Shock and perpetuated by deregulation, desupervision, and widespread fraud.
+|example=At the time, the S&L Crisis was the largest financial crisis since the Great Depression.
+|references= Black (1995).
 }}