Bill Black is the best financial regulator in recent history, and a voice of sanity in regard to the current banking fiasco.  He was instrumental in resolving the S&L crisis in the '80s and directly responsible for some of the perpetrators of that fraud going to jail.  In a sane world, he would be a lauded figure in the financial industry and his opinions would be sought by the media and politicians.  In the real world, he's been marginalized.

As opposed to the clowns teaching economics at Ivy League schools, Black teaches at the University of Missouri - Kansas City.  Unlike the crooks that advise the President and run the Treasury and the Fed, he has no political influence.  Instead of being sought out by MSM outlets on the very serious and very topical issue of financial fraud, he's writing at the fucking Huffington Post, of all places.  And yes, as dirty as it makes me feel, that's actually a link to the Huffington Post -- it's Black's most recent article there.

While it would be easy to go on a long rant about the government and academia in regard to Black's status among the elite, it would make only a trivial and tired point.  Honest people aren't welcome among politicians, bankers, the MSM, and top educators. Surprise, surprise, yadda yadda yadda.

To me, a much more important point is that Black's status is a clear indictment of the conservative alternate media.  His work should be featured prominently by conservative blogs.  He should be writing articles for National Review (no link, they fucking suck, I'd just as soon read Sullivan).  To their credit, Reason has lots of references to Black, but they're hardly conservative, and Matt Welch is laughingly an Editor in Chief there.  On balance, they're about as good a media outlet as the HuffPo.

Conservatives had best get their heads out of their asses and start taking the financial situation in this country seriously.  While sucking each others cocks over the coming election landslide for the GOP might seem fun, conservatives are setting themselves up to be even more reviled in 2012 than the Dems are now.  If conservatives want to hold power for more than 2 years, if they wish to actually help the USA rather than just play politics, they need to start paying attention to people like Bill Black.

Posted by: Hermit Dave at 10:25 AM | No Comments | Add Comment
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