Thursday, April 23, 2009

William K. Black's Article on Mortgage Fraud

William K. Black is Assoc. Professor, Univ. of Missouri, Kansas City;
He was a Senior regulator during S&L debacle

His article "The Two Documents Everyone Should Read to Better Understand the Crisis" dated 23.4.2009 is an interesting read.

He began his article with the statement "As a white-collar criminologist and former financial regulator much of my research studies what causes financial markets to become profoundly dysfunctional."

The two documents that he is referring to are


Both these documents talk of possible risks and problems in mortgage investing.

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