Cutting Through the Economic Spin — Liars Loans, Accounting Fraud and the Banks
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 interviewed William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. In this video from April 3, 2009, Black offers Moyers his analysis of what went wrong and his critique of the bailout.
This shows Bernard Madoff was a small-bit player compared to the much larger fraud perpetrated by a significant segment of the banking system. The age of deregulation-gone-wild made it possible for banks to get away with the accounting fraud and "liars loans." If you are serious about wanting to cut through the complexity — and the spin — surrounding the profound integrity deficits that led to I strongly suggest that you click on the link below to watch this important video.
This is why it is so important that each of us begin to embody — and to pass on the word about — the Integrity Stimulus Plan. To read it, go to www.IntegrityStimulusPlan.org