Forum Post: Post Your Favorite Bill Black Video, Financial Crisis after Hill Testimony, Best US Voice on Fraud
Posted 5 years ago on Oct. 10, 2012, 9:04 a.m. EST by Middleaged
This content is user submitted and not an official statement
Was looking for a Quote on What the Fed war responsible for and What it was supposed to Regulate to refute the Quote from Tim Geithner. The answer should have been one that I had already. Bill Black and Bill Moyers said it all 23 April 2010.
http://www.pbs.org/moyers/journal/04232010/watch.html (Bill Moyers Journal Interview, Historical, Still worth reviewing for me anyway)
WILLIAM K. BLACK Fraud is deceit. And the essence of fraud is, "I create trust in you, and then I betray that trust, and get you to give me something of value." And as a result, there's no more effective acid against trust than fraud, especially fraud by top elites, and that's what we have.
A) Lehman was the #1 Dealer in Liar Loans.
B) Greenspan directly refused to allow the Fed to Regulate the Subprime Crisis.
C) Greenspan and the FED pushed for repeal of Glass-Steagal (Also see The Warning (Brooksly Born story))
D) Chris Cox gutted SEC Staff while at the SEC down to 24 People total Regulators
E) On the Brink of Global Collapse (Biggest Crisis in History) the FED sends only 2 people to handle and investigate the Crisis at Lehman
F) Ernst & Young Audit Firm directly supported the Fraud, Accounting Control Fraud
I've been quoting Bill Black all year in my writing... https://en.wikipedia.org/wiki/William_K._Black
Black was a central figure in exposing Congressional corruption during the Savings and Loan Crisis. He took the notes during the Keating Five meeting that were later published in the press, and brought the event to national attention and a congressional investigation.
According to Bill Moyers,
"The former Director of the Institute for Fraud Prevention now teaches Economics and Law at the University of Missouri, Kansas City. During the savings and loan crisis, it was Black who accused then-house speaker Jim Wright and five US Senators, including John Glenn and John McCain, of doing favors for the S&L's in exchange for contributions and other perks. The senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating — after whom the senate's so-called "Keating Five" were named — he sent a memo that read, in part, 'get Black — kill him dead.' Metaphorically, of course. Of course."