Monday, April 6, 2009

William K. Black on the fraud

Good interview on how the big financial institutions are completely corrupt (along with the US Treasury). Black was a prosecuter during the S&L scandal in the 80's. He claims (and he's probably right) that today's scandal is at least 100 times worse.

http://www.pbs.org/moyers/journal/04032009/watch.html

http://finance.yahoo.com/tech-ticker/article/225823/Mortgage-Fraud-Epidemic-How-the-FBI-Blew-It-and-Why-There%27s-No-%27Perp-Walks%27?tickers=JPM,BAC,XLF,MHP,MCO,WB,FAS?sec=topStories&pos=9&asset=TBD&ccode=TBD

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