Dymski’s work also identified at an early stage the class- and race-based strategies of the major banks and mortgage-originators as they laid their traps for the meager assets of the poor. It raises, inevitably, the question of responsibility. And this brings us to an important line of new research, focused on economic behavior and the law, and specifically on the conditions that generate epidemics of financial fraud. In this area a key references isWilliam K. Black’s 16 systematic study of the sav- ings and loan crisis and his development of the concept of “control fraud”—fraud committed on organizations by those who control them. 17 An effort to bring this to the attention of.
