Financial Fraud & Economic Collapse - William K. Black - Coast To Coast AM - 20.11.2011
"The bankers own the earth. Take it away from them, but leave them the power to create money, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money." -Sir Josiah Stamp, (Director-Bank of England)
Professor William K Black explains the economic collapse and how 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, George Knapp of Coast to Coast AM sits down with Bill Black, the former senior regulator who cracked down on
banks during the savings and loan crisis of the 1980s.How our economic crisis has been brought about by deliberate fraud on the part of banks involved in real estate loans.Black was litigation director for the Federal Home Loan Bank Board deputy director of the Federal Savings and Loan Insurance Corporation and Senior VP and the General Counsel of the Federal Home Loan Bank of San Francisco which regulated some of the largest thrift banks in the U.S. Black offers his analysis of what went wrong and his critique of the bailout and the absence of justice for banking crimes and whether or not the population plays a role in demanding this justice.Black clearly shows the Crisis was a farse and that they knew it was coming and actually caused it to happen. Black's expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of "control fraud", in which a business or national executive uses the entity he or she controls as a "weapon" to commit fraud. The FED is a highly dangerous poisonous monster. And it makes the inflationary booms busts sequence much easier to coordinate and survive for the banks that make high profits, and take over the assets of the land. The panic of 1907 happened without a central bank but was a coordination, and an excuse from JP Morgan and others to establish their central banks. And that many cycles happened before that. Even though I am a free market capitalist in most ways i think banks need castrated
Is America getting this? There are people out there telling us what went wrong and who did it, but NOTHING happens except more fraud. Congress is in on this. They have allowed the bailouts and the fraud. The bankers should be in prison. There is not one politician I trust. Someone has to hold these criminals responsible. The US is being destroyed by design. Obama is the head cheer leader for these illegal bailouts. We are being robbed and then expected to pay the robbers.
Professor William K Black explains the economic collapse and how 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, George Knapp of Coast to Coast AM sits down with Bill Black, the former senior regulator who cracked down on
banks during the savings and loan crisis of the 1980s.How our economic crisis has been brought about by deliberate fraud on the part of banks involved in real estate loans.Black was litigation director for the Federal Home Loan Bank Board deputy director of the Federal Savings and Loan Insurance Corporation and Senior VP and the General Counsel of the Federal Home Loan Bank of San Francisco which regulated some of the largest thrift banks in the U.S. Black offers his analysis of what went wrong and his critique of the bailout and the absence of justice for banking crimes and whether or not the population plays a role in demanding this justice.Black clearly shows the Crisis was a farse and that they knew it was coming and actually caused it to happen. Black's expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of "control fraud", in which a business or national executive uses the entity he or she controls as a "weapon" to commit fraud. The FED is a highly dangerous poisonous monster. And it makes the inflationary booms busts sequence much easier to coordinate and survive for the banks that make high profits, and take over the assets of the land. The panic of 1907 happened without a central bank but was a coordination, and an excuse from JP Morgan and others to establish their central banks. And that many cycles happened before that. Even though I am a free market capitalist in most ways i think banks need castrated
Is America getting this? There are people out there telling us what went wrong and who did it, but NOTHING happens except more fraud. Congress is in on this. They have allowed the bailouts and the fraud. The bankers should be in prison. There is not one politician I trust. Someone has to hold these criminals responsible. The US is being destroyed by design. Obama is the head cheer leader for these illegal bailouts. We are being robbed and then expected to pay the robbers.
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