Standard & Poor’s criminal activities proven by William K. Black

By · Saturday

you can see the whole video here

http://hammer.ucla.edu/watchlisten/watchlisten/show_id/129363

( fair use under US law )

recorded on June 11th 2009

the great american bank robbery

William K. Black, the former litigation director of the Federal Home Loan Bank Board who investigated the Savings and Loan disaster of the 1980s, discusses the latest scandal in which a single bank, IndyMac, lost more money than was lost during the entire Savings and Loan crisis. He will examine the political failure behind this economic disaster, in which not only massive fraud has taken place, but a vast transfer of wealth from the poor and middle class continues as the federal government bails out the seemingly reckless, if not the criminal. Black teaches economics and law at the University of Missouri, Kansas City and is the author of The Best Way to Rob a Bank Is to Own One. (Run Time: 1 hour, 38 min.)

Duration : 0:5:59


[youtube bwReAMUKd-k]

Topics: home loan · Tags: aaa, activities, agencies, AGENCY, and, Bank, banks, ben, bernanke, Black, by, CDO, celente, ceo, collar, collateralized, credit, criminal, criminality, crisis, crook, debt, diligence, due, Economic, faber, Fed, federal, fedral, Fitch, fraud, FSB, Geithner, gerald, Group, home, indy, Indymac, is, jim, K, loan, loans, Mac, marc, Mortgages, obligation, Peter, Poor's, proven, rating, Reserve, risk, rogers, S&P, saving, savings, scandal, Schiff, Standard, stress, subprime, tests, The, tim, triple, White, William

Comments

By CaptJJYossarian on February 27th, 2010 at 11:46 pm

Very good …
Very good presentation by William Black. As the poster notes, the entire 2 hour presentation with Q&A is available at the site he links.

Beyond the ratings agencies, William Black explains that Larry Summers and Timmy Geithner are not fixing the problem, they are merely hiding it.

Imo, this will lead us to ruin.

By Xasew on February 27th, 2010 at 11:46 pm

Another problem …
Another problem that we probably wouldn’t have if the main 3 rating agencies weren’t under a government oligopoly.

By azzopardiholland on February 27th, 2010 at 11:46 pm

Maybe the money did …
Maybe the money did not go out for loans the money was used up by bush and co. for illigal wars and another oil projects….

By DragonYearJoji on February 27th, 2010 at 11:46 pm

naughty naughty …
naughty naughty naughty…..!

By Paetaor on February 27th, 2010 at 11:46 pm

And the that high …
And the that high ranking boss gets an 8 figure bonus.

Rotten to the core.

 

« | Home | »