Book Discussion on The Best Way to Rob a Bank Is to Own One

William Black talked about his book The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S and L… read more

William Black talked about his book The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S and L Industry, published by University of Texas Press. In the book he discussed the collapse of companies such as Enron, Tyco and WorldCom. The author details the strategies of corrupt CEOs and how they defeat regulatory restraints. Mr. Black talked about how the savings and loan crisis set the stage for subsequent business fraud. He argues that what he defines as “control fraud,” the looting of a company for personal profit by those in control of it, is a major and growing problem. He talked about how the CEOs suborn the controls in order to defraud creditors and share holders. He also talked about problems in attempts to regulate the problems, including political intervention. He responded to questions from members of the audience. close

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*The transcript for this program was compiled from uncorrected Closed Captioning.

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  • Black, William K. Assistant Professor University of Texas at Austin->LBJ School of Public Affairs
  • Luce, Greg Bookseller Borders Books and Music

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Book Discussion on The Best Way to Rob a Bank Is to Own One

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Program ID:
182197-1
Category:
Public Affairs Event
Format:
Speech
Location:
Washington, District of Columbia, United States
First Aired:
Aug 13, 2005
Last Aired:
Oct 30, 2005

Airing Details

  • Aug 13, 2005 | 8:01am EDT | C-SPAN 2
  • Aug 22, 2005 | 3:44am EDT | C-SPAN 2
  • Oct 01, 2005 | 12:59pm EDT | C-SPAN 2
  • Oct 30, 2005 | 11:59pm EST | C-SPAN 2
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