Prosecute scandal bankers

As part of my irregular series of columns investigating the state of the modern economy, I’d like to introduce you to one William K. Black. Black has a background in financial regulation. In the 1980s he was a regulator for the Savings & Loans Industry in the United States. “Savings and Loan” is the American name for what we call Building Societies. He was responsible for convicting several hundred bankers for fraud. He developed the concept of “control fraud”, which he describes as follows: “Control fraud is what happens when the people who control… a seemingly legitimate entity, use it … Continue reading Prosecute scandal bankers

A form of squatting by any other name

I’ve just come back from visiting a community farm in the Forest of Dean. What’s a “community farm” you ask? In this case it’s a squatted farm on disputed land in which the residents – mainly young people from the nearby cities – are learning the art of sustainable living. Well I say “squatted” and that gives you a particular impression of the status of the people living there The word implies people occupying property to which they are not legally entitled. And that’s true, of course. Except that if you look at the history of land, all land was … Continue reading A form of squatting by any other name