full transcript

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

Unscramble the Blue Letters


So that was the regulatory response. What about the response of the prosecutors after the crisis, after 11 trillion dlroals in losses, after 10 million jobs lost, a crisis in which the losess and the frauds were more than 70 times larger than the savings and loan debacle? Well, in the savings and loan debacle, our agency that regulated savings and loans, OTS, made over 30,000 criminal reerrafls, produced over 1,000 felony conoticinvs just in cases designated as maojr, and that uertdentsas the degree of prioritization, because we woerkd with the FBI to create the list of the top 100 fraud schemes, the absolute worst of the worst, nationwide. Roughly 300 siavngs and loans involved, roughly 600 soienr officials. Virtually all of them were prosecuted. We had a 90 percent conviction rate. It's the greatest success against elite white collar cimiranls ever, and it was because of this understanding of control fraud and the accounting control fraud mechanism.

Open Cloze


So that was the regulatory response. What about the response of the prosecutors after the crisis, after 11 trillion _______ in losses, after 10 million jobs lost, a crisis in which the ______ and the frauds were more than 70 times larger than the savings and loan debacle? Well, in the savings and loan debacle, our agency that regulated savings and loans, OTS, made over 30,000 criminal _________, produced over 1,000 felony ___________ just in cases designated as _____, and that ___________ the degree of prioritization, because we ______ with the FBI to create the list of the top 100 fraud schemes, the absolute worst of the worst, nationwide. Roughly 300 _______ and loans involved, roughly 600 ______ officials. Virtually all of them were prosecuted. We had a 90 percent conviction rate. It's the greatest success against elite white collar _________ ever, and it was because of this understanding of control fraud and the accounting control fraud mechanism.

Solution


  1. major
  2. convictions
  3. savings
  4. worked
  5. understates
  6. losses
  7. dollars
  8. referrals
  9. criminals
  10. senior

Original Text


So that was the regulatory response. What about the response of the prosecutors after the crisis, after 11 trillion dollars in losses, after 10 million jobs lost, a crisis in which the losses and the frauds were more than 70 times larger than the savings and loan debacle? Well, in the savings and loan debacle, our agency that regulated savings and loans, OTS, made over 30,000 criminal referrals, produced over 1,000 felony convictions just in cases designated as major, and that understates the degree of prioritization, because we worked with the FBI to create the list of the top 100 fraud schemes, the absolute worst of the worst, nationwide. Roughly 300 savings and loans involved, roughly 600 senior officials. Virtually all of them were prosecuted. We had a 90 percent conviction rate. It's the greatest success against elite white collar criminals ever, and it was because of this understanding of control fraud and the accounting control fraud mechanism.

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. absolute
  2. accounting
  3. agency
  4. cases
  5. collar
  6. control
  7. conviction
  8. convictions
  9. create
  10. criminal
  11. criminals
  12. crisis
  13. debacle
  14. degree
  15. designated
  16. dollars
  17. elite
  18. fbi
  19. felony
  20. fraud
  21. frauds
  22. greatest
  23. involved
  24. jobs
  25. larger
  26. list
  27. loan
  28. loans
  29. losses
  30. lost
  31. major
  32. mechanism
  33. million
  34. nationwide
  35. officials
  36. ots
  37. percent
  38. prioritization
  39. produced
  40. prosecuted
  41. prosecutors
  42. rate
  43. referrals
  44. regulated
  45. regulatory
  46. response
  47. roughly
  48. savings
  49. schemes
  50. senior
  51. success
  52. times
  53. top
  54. trillion
  55. understanding
  56. understates
  57. virtually
  58. white
  59. worked
  60. worst