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October 20, 2011

Former Financial Regulator William Black: Occupy Wall Street A Counter to White-Collar Fraud

Professor Black provides this observation about #OWS – “If you look [at the Occupy protests], not just nationwide, but worldwide, you will see some pretty consistent themes developing,” Black says. “Those themes include: we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration is saying are ticking time bombs, that as soon as one of them fails, we go back into a global crisis. We should fix that. There’s no reason to have institutions that large. That’s a theme. That accountability is a theme, that we should put these felons in prison… That we should get jobs now, and that we should deal with the foreclosure crisis. So those are four very common themes that you can see in virtually any of these protest sites… I think, over time, you won’t necessarily have some grand written agenda, but you’ll have, as I say, increasing consensus. And it’s a very broad consensus.”

Filed Under: Opinion Tagged With: #OWS, Amy Goodman, Ben Bernanke, Democracy Now, Dept of Justice, End the Fed, Eric Holder, Federal Reserve, financial reform, Justice, kansas city, news, Occupy Wall Street, politics, protest, regulation, Tim Geithner, Treasury, william black

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