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Bill Black's son Louis Black passed away at 3AM this morning from complications from COPD. Please pray for his wife Janet and family.  Arrangements pending. If you would like to send sympathy cards, the address is: 295 Starnes Road Munford, TN 38058

Here is a video well worth watching. It's William Black, former lead prosecutor in the savings and loan crisis during the Reagan/Bush years, describing the background of the current financial crisis and the need for prosecution of those responsible in our banking and financial fields. Strangely enough, he's speaking at the Occupy LA site. In case the video is not viewable in this post, click the link below--well worth spending 15 minutes to watch it: LINKAfter watching this video, I think there is little that any of us here would disagree with. So my questions to all of us on...

William K. Black's Proposal for “Systemically Dangerous Institutions” /snip SDIs should: 1. Not be permitted to acquire other firms 2. Not be permitted to grow 3. Be subject to a premium federal corporate income tax rate that increases with asset size 4. Be subject to comprehensive federal and state regulation, including: a. Annual, full-scope examinations by their primary federal regulator b. Annual examination by the systemic risk regulator c. Annual tax audits by the IRS d. An annual forensic (anti-fraud) audit by a firm chosen by their primary federal regulator e. An annual audit by a firm chosen by their...

MEMPHIS, Tenn. (AP) Sam Phillips, who discovered Elvis Presley and helped usher in the rock 'n' roll revolution, died Wednesday. He was 80. Phillips died at St. Francis Hospital, spokeswoman Gwendolyn McClain said. No details were immediately available about the cause of death or how long he had been hospitalized. Phillips founded Sun Records in Memphis in 1952 and helped launch the career of Presley, then a young singer who had moved from Tupelo, Miss. He produced Presley's first record, the 1954 single that featured ``That's All Right, Mama'' and ``Blue Moon of Kentucky.'' ``God only knows that we didn't...