William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis

William K. Black: The Two Documents Everyone Should Read to Better Understand the Crisis: "As a white-collar criminologist and former financial regulator much of my research studies what causes financial markets to become profoundly dysfunctional. The FBI has been warning of an 'epidemic' of mortgage fraud since September 2004. It also reports that lenders initiated 80% of these frauds.1 When the person that controls a seemingly legitimate business or government agency uses it as a 'weapon' to defraud we categorize it as a 'control fraud'"