This is Naked Capitalism fundraising week. 468 donors have already invested in our efforts to shed light on the dark and seamy corners of finance. Join us and participate via our Tip Jar or WePay in the right column or read about why we’re doing this fundraiser and other ways to donate, such as by check, on our kickoff post or one discussing our current target.
By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City
My name is Bill Black, and I have dedicated my career to the study and prosecution of massive control frauds. As such, I have come into contact with many of the policymakers and thinkers criticized here on Naked Capitalism. And I can tell you that if you want to change the corroded thinking in the high halls of power, you should join those of us who have given to Naked Capitalism this year.
One of the testaments to the strength of this blog is that people who detest heterodox critiques of neo-liberal dogma feel they need to read Naked Capitalism in order to understand their opponents’ positions. Yves is an expert whose passion for trying to fix the things that are so profoundly screwed up in our financial system matches her hard work. Good blogs take an enormous amount of work and dedication to high standards.
I confess to being wonkish. If I’m awake and not playing soccer or cooking I’m very likely to be reading or writing in a variety of fields. Readers of Naked Capitalism are likely to have read enough of our (UMKC economics’ department) work to know that my colleague Stephanie Kelton has created a wonderful blog (New Economic Perspectives) that we write in regularly. The Playboy feature story on our department provided a fun boost to our recognition. But day-in and day-out we find reading Naked Capitalism to be essential to our ability to keep up with key developments in finance and policy.
We love it when our work is cross-posted on Naked Capitalism and our ideas reach a broader audience. I have been contacted by people like Neil Barofsky because they read my work here. These connections, fostered by this site, are vital for those of us dedicated to ending the power of the financial fraudsters. As readers of Naked Capitalism, you are both the beneficiaries of Yves’s work and vital contributors to the success of this blog. So, a big “shout out” from UMKC to everyone who makes Naked Capitalism an indispensable source of facts, bluntness (in a world plagued with euphemisms and excuses), and demands for higher standards and accountability in a field in which poor ethics and performance have increasingly gone hand-in-hand.
Please do what you can to maintain this blog as an important national resource. If you can afford a few dollars, you can give here. If you have a more than a few dollars, I guarantee you, it’s worth giving more.