full transcript

From the Ted Talk by William Black: How to rob a bank (from the inside, that is)

Unscramble the Blue Letters

Flash forward to the current crisis. The same agency, Office of Thrift surosipevin, which was supposed to regulate many of the lgsreat makers of liar's loans in the crnuoty, has made, even today — it no longer exists, but as of a year ago, it had made zero criminal referrals. The ofifce of the Comptroller of the Currency, which is supposed to regulate the largest national banks, has made zero criminal referrals. The Fed appears to have made zero criminal referrals. The Federal dpesoit Insurance craroooitpn is smart enough to refuse to awnesr the question. Without any guidance from the raouetgrls, there's no expertise in the FBI to investigate cpemolx frauds. It isn't smiply that they've had to reinvent the wheel of how to do these prosecutions; they've forgotten that the wheel exists, and therefore, we have zero prosecutions, and of course, zero convictions, of any of the elite bank frauds, the Wall Street types, that drove this crisis.

Open Cloze

Flash forward to the current crisis. The same agency, Office of Thrift ___________, which was supposed to regulate many of the _______ makers of liar's loans in the _______, has made, even today — it no longer exists, but as of a year ago, it had made zero criminal referrals. The ______ of the Comptroller of the Currency, which is supposed to regulate the largest national banks, has made zero criminal referrals. The Fed appears to have made zero criminal referrals. The Federal _______ Insurance ___________ is smart enough to refuse to ______ the question. Without any guidance from the __________, there's no expertise in the FBI to investigate _______ frauds. It isn't ______ that they've had to reinvent the wheel of how to do these prosecutions; they've forgotten that the wheel exists, and therefore, we have zero prosecutions, and of course, zero convictions, of any of the elite bank frauds, the Wall Street types, that drove this crisis.

Solution

  1. deposit
  2. regulators
  3. largest
  4. answer
  5. office
  6. simply
  7. country
  8. supervision
  9. corporation
  10. complex

Original Text

Flash forward to the current crisis. The same agency, Office of Thrift Supervision, which was supposed to regulate many of the largest makers of liar's loans in the country, has made, even today — it no longer exists, but as of a year ago, it had made zero criminal referrals. The Office of the Comptroller of the Currency, which is supposed to regulate the largest national banks, has made zero criminal referrals. The Fed appears to have made zero criminal referrals. The Federal Deposit Insurance Corporation is smart enough to refuse to answer the question. Without any guidance from the regulators, there's no expertise in the FBI to investigate complex frauds. It isn't simply that they've had to reinvent the wheel of how to do these prosecutions; they've forgotten that the wheel exists, and therefore, we have zero prosecutions, and of course, zero convictions, of any of the elite bank frauds, the Wall Street types, that drove this crisis.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
control fraud 7
accounting control 7
federal deposit 4
trillion dollars 3
appraisal fraud 3
incredibly early 3
criminal referrals 3
mortgage bankers 3
bankers association 3
million jobs 2
modern executive 2
loan debacle 2
honest appraisers 2
honest lender 2
early warnings 2
deposit insurance 2
fraudulent loans 2
united states 2
times larger 2

ngrams of length 3

collocation frequency
accounting control fraud 4
mortgage bankers association 3
federal deposit insurance 2

Important Words

  1. agency
  2. answer
  3. appears
  4. bank
  5. banks
  6. complex
  7. comptroller
  8. convictions
  9. corporation
  10. country
  11. criminal
  12. crisis
  13. currency
  14. current
  15. deposit
  16. drove
  17. elite
  18. exists
  19. expertise
  20. fbi
  21. fed
  22. federal
  23. flash
  24. forgotten
  25. frauds
  26. guidance
  27. insurance
  28. investigate
  29. largest
  30. loans
  31. longer
  32. makers
  33. national
  34. office
  35. prosecutions
  36. question
  37. referrals
  38. refuse
  39. regulate
  40. regulators
  41. reinvent
  42. simply
  43. smart
  44. street
  45. supervision
  46. supposed
  47. thrift
  48. today
  49. types
  50. wall
  51. wheel
  52. year