It's not all chanting, direct action, and made for TV sound bytes and caricatures - for those who still have no clue what the protests are about, listen to this from former Bank regulator William Black:
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Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis.
According to Bill Moyers, "The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks.
The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating ? after whom the senate's so-called "Keating Five" were named ? he sent a memo that read, in part, 'get Black ? kill him dead.' Metaphorically, of course. Of course."
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Black earned a J.D. from the University of Michigan Law School and a Ph.D. from the University of California, Irvine. Black is currently an Associate Professor of Economics and Law at the University of Missouri-Kansas City in the Department of Economics and the School of Law. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007 and previously taught at the LBJ School of Public Affairs at the University of Texas, and at Santa Clara University.
Black was litigation director for the Federal Home Loan Bank Board (FHLBB) from 1984 to 1986, deputy director of the Federal Savings and Loan Insurance Corporation (FSLIC) in 1987, and Senior VP and the General Counsel of the Federal Home Loan Bank of San Francisco from 1987 to 1989, which regulated some of the largest thrift banks in the U.S.
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More straight talk delivered at the educational Occupy LA Teach-In:
ADG