The Stop Act; Robbing Banks
Ralph talks to Representative David Jolly (R: FL) about The Stop Act, which would prohibit members of Congress from personally soliciting campaign donations. And Professor William Black tells us that the best way to rob a bank is from the inside.
Congressman David W. Jolly represents Florida’s 13th Congressional District, which is a peninsula on the west coast of Florida that includes St. Petersburg. Mr. Jolly was first elected to the House in 2014 and is now in his second term. He serves on the House Appropriations Committee and sits on three Appropriations Subcommittees: the Subcommittee on Military Construction, Veterans Affairs; the Subcommittee on Transportation, Housing and Urban Development; and the Subcommittee on Commerce, Justice, and Science. This past year, he introduced legislation called “The Stop Act,” which would ban members of Congress from personally asking for money.
William Black is an associate professor of Economics and Law at the University of Missouri at Kansas City, where he teaches white-collar crime, public finance, antitrust, law and economics, and Latin American development. Professor Black is a former financial regulator, who is an expert on the Savings and Loan Crisis of the 1980s, the precursor to the 2008 financial crisis. He is also a founding member of Bank Whistleblowers United that seeks to restore the rule of law to Wall Street and the author of The Best Way to Rob a Bank is to Own One. His TED Talk on this topic has close to a million and a half views.