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William K. Black
William Kurt Black (born September 6, 1951) is an American lawyer, academic, author, and a former bank regulator. Black's expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of "control fraud", in which a business or national executive uses the entity he or she controls as a "weapon" to commit fraud. Background 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 to 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dearborn, Michigan
Dearborn is a city in Wayne County in the U.S. state of Michigan. At the 2020 census, it had a population of 109,976. Dearborn is the seventh most-populated city in Michigan and is home to the largest Muslim population in the United States per capita. It also is home to the largest mosque in the United States. First settled in the late 18th century by ethnic French farmers in a series of ribbon farms along the Rouge River and the Sauk Trail, the community grew in the 19th century with the establishment of the Detroit Arsenal on the Chicago Road linking Detroit and Chicago. In the 20th century, it developed as a major manufacturing hub for the automotive industry. Henry Ford was born on a farm here and later established an estate in Dearborn, as well as his River Rouge Complex, the largest factory of his Ford empire. He developed mass production of automobiles, and based the world headquarters of the Ford Motor Company here. The city has a campus of the University of Mich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings And Loan Association
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. The terms "S&L" or "thrift" are mainly used in the United States; similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held (often called mutual savings banks), meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20percent of their lending ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Broadcasting Service
The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of educational programming to public television stations in the United States, distributing shows such as ''Frontline'', '' Nova'', ''PBS NewsHour'', ''Sesame Street'', and ''This Old House''. PBS is funded by a combination of member station dues, the Corporation for Public Broadcasting, pledge drives, and donations from both private foundations and individual citizens. All proposed funding for programming is subject to a set of standards to ensure the program is free of influence from the funding source. PBS has over 350 member television stations, many owned by educational institutions, nonprofit groups both independent or affiliated with one particular local public school district or collegiate educational institution, or entities owned by or r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Moyers Journal
''Bill Moyers Journal'' was an American television current affairs program that covered an array of current affairs and human issues, including economics, history, literature, religion, philosophy, science, and most frequently politics. Bill Moyers executive produced, wrote and hosted the ''Journal'' when it was created. WNET in New York produced it and PBS aired it from 1972 to 1976. In 1979, following a nearly three-year hiatus, PBS announced that ''Bill Moyers Journal'' would return for a second series, which would cover a broader range of issues in depth. This included election coverage and documentary footage from several U.S. states, among them Florida, Texas, Illinois, Washington, D.C. and Nevada. In addition, among its pop-culture coverage, the ''Journal'' reported on the 25th anniversary of the premiere of the long-running NBC talk program ''The Tonight Show''. Like the first installment, the second one was produced by WNET in New York City, and was aired on PBS. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Keating
Charles Humphrey Keating Jr. (December 4, 1923 – March 31, 2014) was an American sportsman, lawyer, real estate developer, banker, financier, conservative activist, and convicted felon best known for his role in the savings and loan scandal of the late 1980s. Keating was a champion swimmer for the University of Cincinnati in the 1940s. From the late 1950s through the 1970s, he was a noted anti-pornography activist, founding the organization Citizens for Decent Literature and serving as a member on the 1969 President's Commission on Obscenity and Pornography. In the 1980s, Keating ran American Continental Corporation and the Lincoln Savings and Loan Association, and took advantage of loosened restrictions on banking investments. His enterprises began to suffer financial problems and were investigated by federal regulators. His financial contributions to, and requests for regulatory intervention from, five sitting U.S. senators led to those legislators being dubbed the " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John McCain
John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and United States Navy officer who served as a United States senator from Arizona from 1987 until his death in 2018. He previously served two terms in the United States House of Representatives and was the Republican nominee for president of the United States in the 2008 election, which he lost to Barack Obama. McCain graduated from the United States Naval Academy in 1958 and received a commission in the United States Navy. He became a naval aviator and flew ground-attack aircraft from aircraft carriers. During the Vietnam War, McCain almost died in the 1967 USS ''Forrestal'' fire. While on a bombing mission during Operation Rolling Thunder over Hanoi in October 1967, he was shot down, seriously injured, and captured by the North Vietnamese. McCain was a prisoner of war until 1973. He experienced episodes of torture and refused an out-of-sequence early release. During the war, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Glenn
John Herschel Glenn Jr. (July 18, 1921 – December 8, 2016) was an American Marine Corps aviator, engineer, astronaut, businessman, and politician. He was the third American in space, and the first American to orbit the Earth, circling it three times in 1962. Following his retirement from NASA, he served from 1974 to 1999 as a Democratic United States Senator from Ohio; in 1998, he flew into space again at age 77. Before joining NASA, Glenn was a distinguished fighter pilot in World War II, the Chinese Civil War and the Korean War. He shot down three MiG-15s, and was awarded six Distinguished Flying Crosses and eighteen Air Medals. In 1957, he made the first supersonic transcontinental flight across the United States. His on-board camera took the first continuous, panoramic photograph of the United States. He was one of the Mercury Seven, military test pilots selected in 1959 by NASA as the nation's first astronauts. On February 20, 1962, Glenn flew the ''Friendship ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Wright
James Claude Wright Jr. (December 22, 1922 – May 6, 2015) was an American politician who served as the 48th speaker of the United States House of Representatives from 1987 to 1989. He represented Texas's 12th congressional district as a Democrat from 1955 to 1989. Born in Fort Worth, Texas, Wright won election to the Texas House of Representatives after serving in the United States Army Air Forces during World War II. He won election to Congress in 1954, representing a district that included his home town of Fort Worth. Like most Texas Democrats, Wright distinguished himself from many of his fellow Southern congressmen in his refusal to sign the 1956 Southern Manifesto. He voted for the Voting Rights Act of 1965 and the Civil Rights Acts of 1960 and 1968, although he voted against the Civil Rights Acts of 1957 and 1964 and the 24th Amendment to the U.S. Constitution. He also became a senior member of the House Public Works Committee. In 1976, Wright narrowly won ele ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Moyers
Bill Moyers (born Billy Don Moyers, June 5, 1934) is an American journalist and political commentator. Under the Johnson administration he served from 1965 to 1967 as the eleventh White House Press Secretary. He was a director of the Council on Foreign Relations, from 1967 to 1974. He also worked as a network TV news commentator for ten years. Moyers has been extensively involved with public broadcasting, producing documentaries and news journal programs, and has won numerous awards and honorary degrees for his investigative journalism and civic activities. He has become well known as a trenchant critic of the corporately structured U.S. news media. Early years and education Born Billy Don Moyers in Hugo in Choctaw County in southeastern Oklahoma, he is the son of John Henry Moyers, a laborer, and Ruby Johnson Moyers. Moyers was reared in Marshall, Texas. Moyers began his journalism career at 16 as a cub reporter at the ''Marshall News Messenger''. In college, he studied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keating Five
File:AlanCranston.jpg, Alan Cranston (D-CA) File:Dennis DeConcini.jpg, File:John Glenn Low Res.jpg, John Glenn (D-OH) File:John McCain.jpg, John McCain (R-AZ) File:Riegle2.jpg, Donald Riegle (D-MI) The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger savings and loan crisis of the late 1980s and early 1990s. The five senators—Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona), John Glenn (Democrat of Ohio), John McCain (Republican of Arizona), and Donald W. Riegle, Jr. (Democrat of Michigan)—were accused of improperly intervening in 1987 on behalf of Charles H. Keating, Jr., Chairman of the Lincoln Savings and Loan Association, which was the target of a regulatory investigation by the Federal Home Loan Bank Board (FHLBB). The FHLBB subsequently backed off taking action against Lincoln. Lincoln Savings and Loan collapsed in 1989, at a cost of $3.4 billion to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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