Forum Post: Justice & Democracy, Why We Need BILL BLACK, Regulatory, Financial, & Campaign reform
Posted 11 years ago on Feb. 16, 2013, 12:38 p.m. EST by Middleaged
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WHY WE NEED BILL BLACK on Website BackBillBlack.com
Justice is the Foundation for a Stable Economy and Democracy.
The project is to get Obama to Appoint someone strong to bring Justice to our Country in the Financial & Economic Business Areas. You can click to subscribe, click to send a message to Legislators, and he has blogs and videos.
Bill Black was a regulator during the Reagan Administration. Following the S&L crisis, Bill Black and his team put over 1,000 elite criminals in prison. According to Bill Black, our crisis was 70 times the magnitude of the S&L crisis, and there was a commensurate amount of fraud leading to it. We have seen no meaningful investigations or prosecutions.
Visit the Website to read the short Intro. It is well written.
Read more from William K. Black all over the web. He is a great writer. And he is a great American.
Bill Black is a professor of Law and Economics.
WHY WE NEED BILL BLACK:
In 2008, the USA experienced a massive financial crisis brought on largely by fraud in the financial sector. The reaction was for the government to step in to protect, reward, and promote the worst actors leading up to the crisis. Trillions of taxpayer dollars were used to prop up failed industry and corrupt individuals.
After the economy was stabilized, policy makers blocked investigations into the crimes that had led to the crisis.
There are many problems raised by these facts. Number one, a healthy capitalist democracy does not reward criminals. A basic tenet of American society is that we are all equal before the law. Allowing elite criminals to commit fraud with impunity undermines our democracy in a fundamental way. It also destabilizes our economy, and sets us up for ever-greater financial crises. Elites in America have been taught that they can commit fraud with impunity.
SEN. SANDERS GOES OFF ON BERNANKE_ 03/03/09
Bad Boy Bernie demands to know who got the 2.2 trillion of dollars in loans from the Fed. Bernanke won't tell him. He's also angry that banks that get tax payer funds for nothing, are charging credit card customers 25% interest.
http://www.youtube.com/watch?v=rCWXrMCGJT4&feature=fvwp&NR=1
Isn't that too bad, the banks don't want people to know publically that they are taking money from the FED. Isn't that too bad. Banks and other people in VT are hurting and they would like money, but the ones that get the money are the big guys and they don't want any one to know. Isn't that too bad. - Bernie Sanders ripping on Bernanke.
[Removed]
Yes, he shows what a congressman or senator should do in office and how he should act toward the Fraudsters/Banksters.
Bernie Sanders rips on Tim Giethner in US Senate
Uploaded on Feb 12, 2009
Senator Bernie Sanders talks with Treasury Secretary Tim Geithner about accountability at Wall Street companies that have received federal assistance. This took place at a hearing of the Senate Budget Committee
http://www.youtube.com/watch?v=MnoI9RsQ_wc&feature=endscreen&NR=1
Elizabeth Warren Video against Tim Geithner in Congress
Elizabeth Warren to Geithner: It's called accountability! (4.29.09) (She starts by asking for a comparison between the Auto Industry and the Banking Industry)
http://www.youtube.com/watch?v=X1BC9-VIqik&NR=1&feature=endscreen
Giethner tries to Bull St her totally and is talking fast to try to throw her off. He doesn't think she is intellectual enough to understand the issues ... or he just thinks he can Bull St her.
We know he is lying since there has been no changes in Managment of the TBTF Banks.
We know also there were no conditions on the Banks in the Bailout or after the bailout. He is talking out of his ass. Actually, the government paid the banks fees to bail themselves out ... with no conditions on Bonuses .... bonuses which kept employees from speaking out against their executives ... bonuses that keep employees on the jobs ... bonuses and fees and payments to TBTF Banks that proved that the Banks were in control of Congress ... proved that TBTF Banks were all powerful and in control of the financial crisis ... and would emerge in tact, in power, and in control.
Late add: video TYT on Elizabeth Warren on the Banking Committee http://www.youtube.com/watch?feature=endscreen&v=dQo9W7sRbKQ&NR=1 nice comments by Cenk Uygur....
Bernie Sanders, VIdeo, 2009, Mind-Blowing Fed Secrecy
http://www.youtube.com/watch?v=8NdM0Mu6Ppk (Sanders shows what a Senator or Congressman should act like)
The Federal Reserve refuses to speak about where the $2.2 Trillion Dollars is going and what it is being used for. We found out later by FOI Act Request by Bloomberg that the real Figure was $16 Trillion Dollars and that the Federal Reserve continues to provide these loans to the TBTF Banks and almost zero interest ... and that the effect is surely inflationary and the dollar is deflated... is reduced in value ... and QE1, QE2, and QE3 also are deflationary to the US Dollar... and the huge federal and state government deficits can also be deflationary to the US Dollar... and of course we have $600 Trillion in outstanding US Derivitves globally.
Tim Geithner Refuses To Answer Brad Sherman On Some Questions About The Fed. Ha, we know how this turned out. There is no guarentee for US Derivatives today and we don't know if these derivatives will need to be Bailed out tomorrow.
http://www.youtube.com/watch?v=rEpmRv2kAng&NR=1&feature=endscreen
Geithner shows he has the power to defy Congress. He knows no one will touch him as Treasury Secretary with the backing of TBTF Banks. He is a conspirator in covering up RICO Violations by the government and the TBTF Banks. RICO Charges.
Rep Dennis Kucinich D-OH tears Chairman Ben Bernake a new one!!
http://www.youtube.com/watch?feature=endscreen&v=dXGSVOg7au4&NR=1
Kucinich is reading email that shows the Federal Reserve knew that Merrill Lynch was losing money hand over fist ... but did nothing, did not notify the SEC, and did not prevent the Merger days before Merrill Collapsed.
Bernanke knew about the mess and he doesn't know how to respond or get out of it. Kucinich presses him on and on ... why didn't the FED do it's job, why didn't it regulate, Why didn't it take any action at all?
Geithner Faces Possible Criminal Charges AIG Coverup - Ha, we know how that ended up, Judge Andrew Napolitiano lost his job.
http://www.youtube.com/watch?v=7E6XH9R6fiI&NR=1&feature=endscreen
http://www.businessinsider.com/fox-anchor-who-covered-ndaa-and-occupy-wall-street-loses-his-show-2012-2 (A show of Power by the US Federal Government)
announced earlier in the week that FOX Business Network has canceled Freedom Watch, the popular show anchored by Judge Andrew Napolitano. The show also enjoyed a fiercely loyal online following, which no doubt helped draw a young and affluent demographic away from their computer screens and to FBN. (See my full videocast on this below, plus one of Napolitano's most recent broadcasts.)
Napolitano will remain with the network in other capacities, although without a show of his own and a dedicated time slot, it is almost certain we will see less of him from now on. I'd also speculate he has a non-disparagement clause in his contract with FOX, which would explain why he has been such a saint and gentleman about all this, when most people would be going for the network's jugular. He even posted to his official Facebook, asking his fans to tone down the "email traffic to Fox" regarding his show cancellation.
Now, can I say with 100% certainty that he was canceled because he shined a constant, bright, undeniable light on "uncomfortable" issues such as Congressional corruption, increasingly powerful Occupy protests, economic unrest, the NDAA, and the dangerous rollback of our civil rights since 9/11?
No, of course not -- I don't work at FOX, and I have no idea what went through their minds when they pulled the plug on Freedom Watch.
But the fact remains: there is now not even ONE anchor in the United States, on a major network, routinely covering the NDAA's imprisonment without trial provisions and the Obama administration's never-ending attack on American citizens' core civil liberties.
I find that disturbing.
Most of today's anchors are little more than attractive teleprompter readers.
David's video commentary:
Read more: http://www.businessinsider.com/fox-anchor-who-covered-ndaa-and-occupy-wall-street-loses-his-show-2012-2#ixzz2L7Da7EWv
http://www.youtube.com/watch?v=7BLiSp_O5NY&feature=player_embedded
http://www.youtube.com/watch?v=qk4nhInLDJg&feature=player_embedded (This one with Cenk Uygur)
Creative Finance: Leaving Felons in Charge of the Banks Video with Bill Black on The Real News
http://www.youtube.com/watch?v=i0T5rXL5YNA (Total time 8:53 minutes)
Contains Examination of Fallacies or Ironic Statements going around
Virgin Crisis Theory (No one was to blame, no crime, no fraud)
The Real Problem with the Fraud is the Victims (Blame the Victims of the Fraud as the Principal Problem)
Too Bad that Frontline is Successful in Criticism of Geithner and Holder and Lanny Breuer, and we should be applauding them ... because the prosecutions would have driven the banks back into insolvency ($20 Trillion Dollars lost in Wealth, damage that could have partly been raked back to Americans)
So Leaders say ... Leave the Felons in charge of the Biggest banks in the USA.