Wall Street Fraud: Sanders Is Coming — Adviser William Black Blasts Clinton

With Wall Street fraud, Sanders is hitting it head on.

Stopping the insidious, widespread fraud of Wall Street means breaking up big banks, and here, Sanders differs from Hillary Clinton in one major way – he plans to do it, she doesn’t.

In line with that plan, Sanders has welcomed to his team adviser William K. Black, as previously reported in The Inquisitr.

William K. Black is Bernie Sanders new economic adviser https://t.co/cuOAohP4tf #bankinginquiry #rteradio1 #irishtimes #ntfm #bankinginquiry

— Eimear (@EimearLowe101) April 12, 2016

Bringing on Black means Sanders is serious.

Among numerous qualifications reported by sources such as The Huffington Post, Black is an attorney, former bank regulator, professor, academic, and the author of the book, The Best Way To Rob a Bank is to Own One.

Unlike Clinton, Sanders often and directly denounces bank fraud and his intentions to break up big banks – last year he introduced legislation to do so.

Black flares in his blog, “Hillary cannot bring herself to use the ‘f’ word [‘fraud’] in the context of Wall Street CEOs leading the largest and most destructive fraud epidemics in history.”

In another post, Black calls out Clinton and says, “The toughest criticism Hillary could muster in a debate with Bernie… was to claim that she once told [Wall Street] to stop their ‘shenanigans’ (childish pranks). It is so hard to bite the hand that feeds you.”

As reported in Politico, Sanders is strong on seeking to break up the big banks.

But Clinton refuses to declare that she will break them up. One of her recent answers regarding the break up of big banks, as reported in Real Money, is a convoluted one.

“…Clinton… said she would break up the big banks if they continued to receive failing grades from regulators in Washington over living wills they have to produce explaining how they would unwind themselves in bankruptcy without wreaking havoc.”

In addition to Clinton being vague and confusing about breaking up big banks, there have been no reports that Clinton has brought on anyone like Black to advise her on shutting down Wall Street fraud.

Black’s entire, lengthy history is one that has pursued, and often succeeded, at stopping Wall Street fraud. He developed the concept of “control fraud” to point out when CEOs and heads of states use an entity as a “weapon” to commit banking fraud, explained in Bill Moyers Journal.

Where fraud is hidden behind tricky jargon and Wall Street ways of dealing that most Americans don’t understand, Black sniffs it out and explains its devastating effects on the people and the country.

PBS reported that Black exposed how control fraud hurts the American public by causing greater financial losses than all of property crimes combined.

Like Sanders, Black has been on his game for decades. Cracking down on fraud since the Savings and Loan crisis of the 1980’s, Barron’s reports that Black went after Charles Keating’s Lincoln Savings and Loan, exposing the five U.S. Senators (dubbed the “Keating 5”) who helped Keating.

The New York Times described Keating, in his obituary two years ago, as a man who, “…came to symbolize the $150 billion savings-and-loan crisis a generation ago after fleecing thousands of depositors with regulatory help from a group of United States senators.”

After Black’s pursuit of him, Keating was incarcerated for securities fraud.

In the last debate on CNN, Hillary commented that Sanders, “Isn’t shy…”

Apparently, Black isn’t either, and as both a banking expert and a criminologist, his criticisms of Clinton are not restricted to those about big bank fraud.

“In the mid-1990s, Hillary and Bill sought to spread a ‘moral panic’ about subhuman black ‘super predators’ …” Black wrote in New Economic Perspectives.

“… and then to maintain the 100-to-one disparity in sentencing for crack v. powder cocaine… leading to a dramatic rise in the incarceration of blacks and Latinos.”

ICYMI: Bernie Sanders slams Clinton's "racist" 1996 super predators comment — per @ReenaJF https://t.co/oSO2Agp2bj

— Kylie Atwood (@kylieatwood) April 15, 2016

Also not shy are Sanders’ supporters, who forcefully chanted, “Bernie, Bernie, Bernie…” so long and loudly at the end of the April 14 debate that it delayed Clinton’s closing statement.

Those supporters are on the campaign trail right along with Sanders, recently making three million calls to New York in a “Take New York By Phone” effort the weekend before the New York primary, far exceeding the campaign’s goal of 2 million calls.

Black is relentlessly reporting that Clinton is tremendously wrong for America and that the errors of her ways are all related. Wall Street bank fraud ties right in with shady campaign finance dealings, and Black puts Clinton’s involvement at the heart of it.

“Hillary Clinton vigorously supported the Clinton and Gore administration’s war against effective financial regulation. Why? Anti-regulatory ideology and political contributions from Wall Street come to overlap. That is one of the most effective means by which campaign contributions corrupt the system.“

Sanders, with activist voters and advisers like Black, isn’t waiting for the presidential election to create awareness and spur action for an American Revolution.

The message is clear to those who perpetuate Wall Street fraud — Sanders is coming, and there are millions of people behind him.

[Photo by Justin Sullivan/Getty Images]