The Pinnacle of Corruption? Bank’s Systematic Fraud
With many top officials in the Government ascended from Banks like Goldman-Sachs, is Government hand-in-hand with Banks in this Financial breakdown? It appears, Government is keen on covering up Banks and their ‘fraud’ voluntarily and knowingly. Scary.
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 sits down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the bailout.
Watch the Video and read the transcript at Bill Moyers Journal.
Who is responsible for the financial breakdown of the entire world? Fraudulent Banks, Greedy customers or the Government that removed the regulation to let it happen?