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William Black: Washington Testimony

March 8th, 2012
in econ_news

Econintersect: The video that contains William K. Black’s testimony on Wednesday 07 March 2012 before the U.S. Senate Judiciary committee.  Prof. Black’s testimony begins at 144:25.

 

black-testimony-video-2012-march-7

Follow up:

Black was part of a hearing that lasted for 104 minutes with five witnesses, including the professor.  He was scheduled as fourth of the five and was cut off after 7 minutes and 20 seconds because the first time devoted to the first three witnesses left little time for the two final ones.  In comparison, Sen. Charles Grassley (R, IA), ranking member of the committee, took 8 minutes and 20 seconds to present his prepared remarks.

At the very end of the session (at 162:38) the chair (Sen. Al Franken - D, MN) asked Black the only question he received for the session:  Haven’t there been some criminal investigations of corporate fraud, such as Countrywide?

Black replied for about a minute and a half that the “investigation” was conducted with trivial resources and was superficial.

Prof. Black’s 53-page prepared testimony can be viewed here.

John Lounsbury

Sources:









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1 comment

  1. ECB-Watch says :
    *****

    He quotes Romer & Akerlof's work on S&L extensively, but they are silent on the GFC. Weird.





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