5.9 C
New York
Friday, March 29, 2024

Sharing the Blame for the Economic Crisis?

The Crisis: Immoral, illegal and makes you fat unethical… How does the financial industry get away with it? William K. Black explains.  Watch this excellent interview with Bill Moyers!  (Hat tip to Barry Ritholtz.) – Ilene

Sharing the Blame for the Economic Crisis?

"The financial industry brought the economy to its knees, but how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout."  PBS Video here.

YouTube:  Moyers 1/3: Sharing the Blame for the Economic Crisis?

 YouTube:  Moyers 2/3: Sharing the Blame for the Economic Crisis?

Moyers 3/3: Sharing the Blame for the Economic Crisis?

 

William K. Black is currently an Associate Professor of Economics and Law at the University of Missouri-Kansas City School of Law. He was the Executive Director of the Institute for Fraud Prevention from 2005-2007… He was litigation director for the Federal Home Loan Bank Board, deputy director of the FSLIC, SVP and the General Counsel of the Federal Home Loan Bank of San Francisco. He is the author of the popular book, "The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry", 2005, University of Texas Press. On April 3, 2009 Black appeared on "Bill Moyers Journal" on PBS and provided some disturbing commentary on the current banking crisis. In the interview with Bill Moyers, Black asserted that our current banking crisis is essentially a big Ponzi scheme, that the "liar loans" and other financial tricks were essentially illegal frauds, and that the triple-A ratings given to these loans was part of a criminal cover up.  More at Wikipedia.

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x