....is to own one. That is the title of a book by William Black. I stumbled across a startling interview with him by Bill Moyers. I cannot encourage my readers enough to read this summary of the interview and, if possible, please watch the video clip of the show. Click HERE to see what William Black has to say about the current economic crisis, and the CEOs of the financial institutions who still have their high paying jobs, while the CEO of GM has lost his. With newspapers on the brink of collapse, it is important for us to spot important headlines. I rarely watch Bill Moyers....no background, no band, not escapist entertainment, sometimes very boring. But this had me on the edge of my seat. Really!
POST SCRIPT: My cousin suggested I view the DVD "Zeitgeist," and wrote the following about her analysis of the Moyers interview with Black:
"You may have already seen this Friday's edition of Bill Moyers' Journal. He interviewed the financial & legal scholar Wm Black who explained clearly the direct culpability of the bankers for aggressively hawking what was called inside the business "liar loans" (i.e., subprime). He mentions Indie bank as an example of this deliberate and premeditated fraud. He describes it as a Ponzi scheme on a national scale in which (unlike Madoff), the tax payers cover the risk. Black condemns WA DC as well, including Geitner/Obama, for failing to get rid of the bank CEOs, not because of any direct collusion w/ the bankers, but because they are scared to death of what new people leading these banks would discover and expose, thereby requiring radical reconstruction of the industry as well as inducing possible economic panic. It's a coverup for the benefit of the "banksters". "
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